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Sebi clears Fairfax-backed Digit’s IPO after delay

Sebi clears Fairfax-backed Digit’s IPO after delay

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...
LIC’s $30 billion market rally gives IPO investors chance at redemption

LIC’s $30 billion market rally gives IPO investors chance at redemption

by AIP Online Bureau | Jan 30, 2024 | Indian News, Life, Wealth Management/ Philanthropy

Gains in India’s broader equity market have been a boon to LIC, also the country’s largest investor with funds of more than $100 billion. An improved outlook for its premium business and prospects of a higher dividend payout has also spurred interest in the shares,...

Medi Assist IPO subscribed 1.20 times on second day of offer

by AIP Online Bureau | Jan 16, 2024 | Health, Indian News

The category for Retail Individual Investors (RIIs) received 1.70 times subscription while the quota for non-institutional investors got subscribed 1.61 times. The portion for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent New Delhi: The Initial...

Medi Assist IPO subscribed 54 pc on Day 1 of offer

by AIP Online Bureau | Jan 15, 2024 | Health, Indian News, Wealth Management/ Philanthropy

The category for Retail Individual Investors (RIIs) got subscribed 89 per cent and the quota for non-institutional investors received 45 per cent subscription. The IPO is entirely an Offer for Sale (OFS) of up to 2,80,28,168 equity shares. It has a price range of Rs...

Ahead of IPO, Medi Assist mobilises Rs 351 crore from anchor investors

by AIP Online Bureau | Jan 13, 2024 | Health, Indian News, Non-Life, Wealth Management/ Philanthropy

Those who participated in the anchor bidding include Goldman Sachs, Nomura, Jupiter India Fund, Pinebridge Global Funds, SBI Life Insurance Company, Bajaj Allianz Life Insurance Company, and Aditya Birla Sun Life Insurance Company New Delhi: Medi Assist Healthcare...
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