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Sebi puts Prem Watsa backed Go Digit’s IPO in ‘abeyance’

by AIP Online Bureau | Sep 19, 2022 | Indian News, Non-Life, Regulation, Wealth Management/ Philanthropy

Without disclosing the reason, Sebi said “issuance of observations (has been) kept in abeyance” with regard to the IPO of Go Digit, an update on the regulator’s website showed on Monday. The information was updated on September 16 The issuance of...

AIG unit Corebridge raises $1.68 bln in year’s largest IPO

by AIP Online Bureau | Sep 15, 2022 | Eco/Invest/Demography, International News, Life, Wealth Management/ Philanthropy

AIG said it sold 80 million Corebridge shares at $21 per share, which was at the lower end of their indicated target range of $21 to $24 per share The IPO values Corebridge at $13.6 billion. All proceeds of the IPO will go to AIG and the new company is not raising new...
Fairfax-backed 5-yr old Go Digit General Insurance files DRHP with Sebi for IPO

Fairfax-backed 5-yr old Go Digit General Insurance files DRHP with Sebi for IPO

by AIP Online Bureau | Aug 16, 2022 | Indian News, Non-Life, Wealth Management/ Philanthropy

Prem Watsa, CEO, Fairfax The proceeds from its fresh issuance are worth Rs 1250 crore and will be utilised for the augmentation of the company’s capital base and maintenance of solvency levels and general corporate purposes Fairfax owned by Indian born Canadian...
ECGC IPO likely to hit market in fourth quarter of FY23: CMD

ECGC IPO likely to hit market in fourth quarter of FY23: CMD

by AIP Online Bureau | Jul 26, 2022 | Indian News, Non-Life

M Senthilnathan, CMD,ECGC ”The initial review of ECGC has been done by DIPAM and the next direction is expected from them. Initially, we were told that the listing will happen somewhere around the last quarter of the current financial year. So, I think they will...
Ant Group to revive IPO as Beijing eases crackdown

Ant Group to revive IPO as Beijing eases crackdown

by AIP Online Bureau | Jun 11, 2022 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy

Billionaire and Alibaba founder Jack Ma The company’s stock market listing was hastily shelved at the behest of Beijing in November 2020. At the time, it was slated to be valued at around $315 billion and planned to raise $37 billion, which would have been a world...
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