News From Press HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance

HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance

Source: Economic Times Feb 3, 2022

HSBC Insurance (Asia Pacific) Holdings Ltd (INAH), one of the shareholders in Canara HSBC OBC Life Insurance Co Ltd, has expressed its intention to acquire Punjab National Bank's stake in the insurance company, according to a filing. "The bank has received a communication from HSBC Insurance (Asia Pacific) Holdings Ltd (INAH), one of the shareholders of the company, conveying its intention to acquire Bank's stake in the company," PNB said in the regulatory filing.

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