by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Wealth Management/ Philanthropy
Out of the total allocation of 4,32,57,009 equity shares to the anchor investors, 1,44,96,570 equity shares were allocated to 11 domestic mutual funds through a total of 23 schemes amounting to almost Rs 394.31 crore which is 33.51 per cent of the total anchor book...
by AIP Online Bureau | Mar 2, 2024 | Indian News, Non-Life, Regulation, Wealth Management/ Philanthropy
Prem Watsa, CEO, Fairfax Financial Digit now plans to market its IPO to prospective investors over the next month and targets a listing by May, said a person with direct knowledge of the matter It plans to raise Rs 12.5 billion rupees ($151 million) through its...
by AIP Online Bureau | Mar 19, 2023 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation
”After the IPO fiasco following the listing of new age digital companies like PB Fintech , (the company behind the digital brand Policybazaar),Paytm, Zomato and Nykaa in which investors lost heavily, Sebi has tightened the approval norms for IPOs. This is...
by AIP Online Bureau | Feb 7, 2023 | Indian News, Non-Life, Regulation
In a statement, Digit insurance said the DRHP (Draft Red Herring Prospectus) has been returned in terms of Sebi’s ICDR (Issuance of Capital and Disclosure Requirements) rules, which exempts rights granted under employee stock option plans to subsist at the time...
by AIP Online Bureau | Nov 4, 2022 | Indian News, Non-Life, Regulation, Workplace/Employee Benefits
Prem Watsa, Chairman and Chief Executive Officer, Fairfax Fairfax currently owns 45. 3% in Go Digi Infoworks, which has 83% stake in the Go Digit General Insurance company. In June 2022, Digit Insurance and Fairfax had applied to the IRDAI for approval to convert the...
