sells 10% stake in Canara HSBC Life, raises ₹1,000 crore. Punjab National Bank (PNB) sold 9.5 crore shares in Canara HSBC Life Insurance, raising ₹1,007 crore. PNB divested 10% of its stake, reducing its shareholding from 23% to 13%. The shares were sold at ₹106 each through an Offer for Sale (OFS) on October 17, 2025, coinciding with the insurer's market debut. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.