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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...
Govt ‘concerned’ about dip in LIC share price; calls it temporary blip

Govt ‘concerned’ about dip in LIC share price; calls it temporary blip

by AIP Online Bureau | Jun 10, 2022 | Indian News, Life, Wealth Management/ Philanthropy

Tuhin Kanta Pandey, secretary,DIPAM ”We are very concerned about the temporary blip in LIC share price. People will take time to understand (fundamentals of) LIC. LIC management will look into all these aspects and will raise the shareholders’...
LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark

LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark

by AIP Online Bureau | Jun 6, 2022 | Indian News, Life, Wealth Management/ Philanthropy

LIC had fixed the issue price of its shares at Rs 949 apiece after a successful IPO, which was over subscribed nearly 3-times when it closed on May 9 Mumbai: Shares of Life Insurance Corporation of India (LIC) continued to fall for the fifth day running on Monday and...

Digit Insurance plans to raise $500 million via public offer, aims a $5 billion valuation

by AIP Online Bureau | May 25, 2022 | Indian News, Non-Life, Wealth Management/ Philanthropy

Digit was valued at close to $4 billion earlier this month when it raised a tranche of funding. It has so far raised more than $400 million from Sequoia Capital, A91 Partners and Faering Capital, besides Fairfax MUMBAI: India’s Digit Insurance, backed by...
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