InsuranceDekho Said to Pick Banks for $400 Million India IPO

Indian insurance aggregator InsuranceDekho’s parent has selected HSBC Holdings Plc, Morgan Stanley, ICICI Securities Ltd. and IIFL Capital Services Ltd. as advisers to a potential initial public offering, according to people familiar with the matter. Indian insurance aggregator InsuranceDekho’s parent has selected HSBC Holdings Plc, Morgan Stanley, ICICI Securities Ltd. and IIFL Capital Services Ltd. as advisers to a potential initial public offering, according to people familiar with the matter.