HSBC Insurance (Asia Pacific) Holdings Limited cancelled the acquisition of 23% stake in Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited from Punjab National Bank.

HSBC Insurance (Asia Pacific) Holdings Limited intends to acquire a 23% stake in Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited from Punjab National Bank (BSE:532461) on February 2, 2022. Following completion, HSBC Insurance (Asia Pacific) Holdings will hold 49% stake in Canara HSBC Oriental Bank.

HSBC Insurance (Asia Pacific) Holdings Limited cancelled the acquisition of 23% stake in Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited from Punjab National Bank (BSE:532461) on February 28, 2023.