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KKR to buy 10% stake in Shriram General Insurance ahead of IPO

by AIP Online Bureau | Dec 16, 2021 | Indian News, Non-Life, Wealth Management/ Philanthropy

The Chennai-based Shriram Group is selling the stake in Shriram General Insurance Co. ahead of a potential initial public offering that could take place as soon as 2022.The deal may be announced as early as next week, sources said Mumbai: KKR & Co. is nearing a...

Jhunjhunwala-backed Star Health shares recover after muted debut; settle with marginal gain

by AIP Online Bureau | Dec 10, 2021 | Health, Indian News

“Considering the undersubscription of the issue, the flat listing of Star Health was expected. The financial performance was impacted in FY21, but long-term growth prospects of the industry remain quite promising,” said Ajit Mishra, vice-president,...

Star Health cuts IPO size to about $848 mln after tepid subscription

by AIP Online Bureau | Dec 8, 2021 | Health, Indian News

Investors will be closely watching the listing which is likely on Friday after Paytm’s dismal debut in November cast doubts on the big ticket IPOs and sparked concerns about overvaluation in the domestic equity market BENGALURU: India’s largest private...
LIC improves asset quality ahead of IPO; lowers net NPA to 0.05%

LIC improves asset quality ahead of IPO; lowers net NPA to 0.05%

by AIP Online Bureau | Dec 5, 2021 | Indian News, Life

The percentage of gross NPA is 7.78 percent while the net NPA is 0.05 percent at the end of March 2021. This is lower than gross NPA of 8.17 percent (as a percentage of its debt portfolio) and net NPA of 0.79 percent in the previous year Mumbai:Ahead of its proposed...
Star Health’s IPO sees 79% subscription on weak sentiments

Star Health’s IPO sees 79% subscription on weak sentiments

by AIP Online Bureau | Dec 2, 2021 | Health, Indian News

Non-institutional investors, which include corporates, bid just 0.19 times the shares reserved for them. The institutional investor and retail segments were fully subscribed, at 1.03 times and 1.1 times respectively Mumbai: Signalling weak investor demand for...
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