An eye-popping $17 billion wipeout in market value has made Life Insurance Corp. of India one of the biggest wealth destroyers among Asia’s initial public offerings this year. Having plunged 29% since its May 17 debut, India’s biggest ever IPO …
Howden, the international insurance broker, announced it has obtained approval from the Insurance Regulatory and Development Authority of India (IRDAI) to increase its shareholding in Howden India from 49% to 100%. The move is subject to post completion approval from …
Shares in Life Insurance Corp. of India (LIC) slid 6% in their market debut on Tuesday, a fresh setback for the state-owned giant after its IPO, while record-breaking, raised far less for the government than initially envisioned. India’s biggest insurer …
India’s Life Insurance Corp. (LIC) has priced its initial public offering at the top of the indicated range, at 949 rupees ($12.28), a source familiar with the matter said on Friday. The state-owned insurance behemoth is likely to be listed …
Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop. With just hours to go until the end of the subscription period for the …
Italy’s top insurer Generali said on Friday it had completed the acquisition of a 25% stake in its Indian non-life insurance joint venture, increasing its holding to 74% after receiving regulatory and competition approvals. When it announced the deal in …
The record $2.7 billion initial public offering (IPO) by India’s Life Insurance Corp. (LIC) was oversubscribed on Thursday, helped by attractive pricing, making way for gains over the listing price later this month. Investors bid for 166.9 million shares by …
New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion), having had to cut its valuation estimates after feedback from investors, a government source said. The drastic lowering of ambitions …
Gallagher, the international insurance broker, announced the rebranding of its India business to Gallagher Insurance Brokers Private Ltd. Gallagher Insurance Brokers Private Ltd. is one of the leading providers of risk management services, general insurance broking and risk solutions in …
India aims to launch its $8 billion listing of state-run Life Insurance Corp. (LIC) by mid-April, two government sources said, after delaying what will be the country’s biggest ever IPO from this month due to market volatility. The government aims …
