InsuranceDekho Said to Pick Banks for $400 Million India IPO

InsuranceDekho's parent selected HSBC Holdings Plc, Morgan Stanley, ICICI Securities Ltd., and IIFL Capital Services Ltd. as advisers for a potential initial public offering, Bloomberg reported. The IPO is expected to raise approximately $400 million, according to the report. No official announcement has been made by InsuranceDekho or the selected banks.

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