Latest Updates Around The World
Clean Max Enviro Energy Solutions has raised Rs 921 crore from key investors ahead of its Rs 3,100-crore IPO, with global and domestic institutions including Temasek Holdings and SBI Life Insurance prominently featured in the anchor book.The company informed the stock exchanges that it has allotted 87,46,437 shares at Rs 1,053 per share to anchor […]
Leading insurer SBI Life on Wednesday reported a 5% year-on-year rise in net profit to Rs 577 crore in the third quarter. Net premium income grew 22% year-on-year to Rs 30,245 crore during the period.The company said growth during the quarter outpaced that in the first half of the financial year, supported by improving industry […]
Mumbai: A provision in the recently passed Insurance (Amendment) Bill has raised concerns among insurers over its potential impact on board composition as the current wording, the industry believes, could inadvertently disqualify a large number of directors. Particularly at risk are bank-promoted insurance companies that share managerial talent with lenders and other banking subsidiaries.The clause […]
London-based Prudential Corporation Holdings is poised to raise a whopping Rs 10,603 crore in the IPO of India’s largest active asset manager, posting a mind-boggling 108,170% return on shares bought 20 years ago at just Rs 2 each. ICICI Prudential Asset Management Company’s mega offering, which opened for public subscription on Friday, has created a […]
ICICI Prudential AMC has raised Rs 3,022 crore from 148 investors across sovereign wealth funds, global asset managers, domestic insurers, pension funds, mutual funds and family offices ahead of its Rs 10,600-crore IPO.The participation pattern indicates broad institutional conviction ahead of the public issue, which runs from December 12 to 16 at a price range […]
A slew of foreign and domestic institutions and family offices were among the 26 investors who participated in ICICI Prudential Asset Management’s pre-IPO share sale worth around Rs4,900 crore.Several major investors such as Abu Dhabi’s Lunate, Premji Invest, University of California, the estate of late Rakesh Jhunjhunwala, HCL Capital, 3P India managed by Prashant Jain, […]
After four consecutive weeks of gains, the Nifty finally took a breather as profit bookings at higher levels weighed on sentiment. The benchmark fell 73 points, or 0.28%, to end the week at 25,722, while the Sensex lost 273 points to end at 83,939. However, the mild decline does not signal a turnaround, with most […]
Eyewear retailer Lenskart Solutions has raised Rs 3,268.36 crore from 147 anchor investors ahead of its much-awaited IPO, which opens for subscription on October 31 and closes on November 4. The company has allotted 8.13 crore equity shares at the high end of the price band – Rs 402 per share (face value Rs 2 […]
SBI Life on Friday reported a 6% decline in net profit to Rs 495 crore for the second quarter, compared to Rs 529 crore in the same quarter last year. Meanwhile, net premium income rose 23% year-on-year (year-on-year) to Rs 24,848 crore. The company reported stable performance for the first half of the fiscal year, […]
There has been some confusion among investors this year about the exact Diwali date: October 20 or 21. But for traders, one thing is certain. Both the NSE and BSE will remain closed on October 21 for Diwali Lakshmi Puja, and again on October 22 for Balipratipada. However, on Tuesday, October 21, markets will open […]
