PNB MetLife India Insurance Company Limited, which is among India’s top-ten life insurance players by market share, has got regulatory approval to float an IPO.
The IPO comprises fresh shares worth Rs 400 crore apart from equity of promoter Ravi Goyal and other individual share-holders worth Rs 600 crore. Equity shares of the company will be listed on the National Stock Exchange (NSE) and Bombay stock Exchange (BSE)
Muthoot Microfin Limited, part of the Muthoot Pappachan Group, plans to raise Rs 1,000 crore from Initial Public Offering (IPO). As per market sources, Muthoot Microfin plans to hit the market in the first half of the 2019.