IndiaFirst Life Insurance gets nod for IPO from SEBI

IndiaFirst Life Insurance has received approval from SEBI for its IPO. The company plans to raise ₹500 crore via fresh issue of equity shares, while the offering will also include an offer-for-sale of up to 14.1 crore equity shares. Bank of Baroda and Carmel Point Investments India will offload up to 8.9 crore and 3.9 crore equity shares, respectively.