by AIP Online Bureau | Feb 18, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Shares of the state-run insurer could be priced between Rs 2,000 to Rs 2,100 each Roadshows have begun and pricing could change after assessing investor appetite and discussions with the government, reported Bloomberg A public offering of shares by India’s...
by AIP Online Bureau | Feb 17, 2022 | Indian News, Life, Wealth Management/ Philanthropy
LIC’s listing could dump the equivalent of nearly 60% of the three insurers’ free-float capitalisation on the market, Macquarie said in a report this week, adding that the outlook for them remains challenging If LIC’s valuation is attractive, the...
by AIP Online Bureau | Feb 17, 2022 | Indian News, Intermediaries, Life, Technology
EbixCash, a subsidiary of Ebix, Inc. is in the process of seeking IRDA approval to transfer its share ownership in BSE EBIX from its parent Ebix Singapore Pte Ltd. to EbixCash Limited Mumbai: BSE and Ebix Singapore Pte announced the signing of distribution agreement...
by AIP Online Bureau | Feb 15, 2022 | Indian News, Life, Wealth Management/ Philanthropy
The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March and employees and policyholders of the insurance behemoth would get a discount over the floor price Mumbai: Life Insurance Corporation of...
by AIP Online Bureau | Feb 14, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
India will need bulky commitments from anchor investors, who will raise about a third of the total money. A further 35% — or Rs 21,000 crore, based on the estimated valuation — will be sold to millions of retail investors. That’s a challenging task To...
