Oct 17, 2016 09:26 AM IST
The leading housing finance firm had filed IPO papers with Sebi in July and got final approval last week.
- Oct 13, 2016 09:12 AM IST
The company raised fund from HDFC Ergo General Insurance, HDFC Standard Life Insurance, ICICI Prudential Life Insurance, RBL Bank, Shriram Life Insurance, Small Industries Development Bank of India (SIDBI) and private equity funds such as Arpwood Investments and Faering Capital, a release said.
- Oct 12, 2016 01:56 PM IST
Besides, another 22 companies have lined up IPO plans in 2016 bringing the year-end estimated total deal value to USD 5.8 billion, more than double from last year's deal value of USD 2.18 billion.
- Sep 12, 2016 05:54 PM IST
Set to dilute 12 per cent stake in ICICI Prudential Life Insurance through an IPO, country's biggest private sector lender ICICI Bank has said it will offload another 6 per cent in the insurance arm over the next three years.
- Aug 08, 2016 09:42 PM IST
Keki Mistry CEO, HDFC, said both are strong entities. â€œWe have a strong distribution platform and there is a lot of synergy. It will create a huge amount of value for HDFC Life and Max Life."
- Jul 15, 2016 05:08 PM IST
Sources said ICICI Prudential has lined up an initial public offer and the draft papers in this regard are likely to be filed with Sebi as early as today.
- Jul 15, 2016 10:21 AM IST
The IPO will be managed by BofA-ML and ICICI securities. Other bankers for the IPO include Deutsche Bank, UBS and CLSA.
- Jul 05, 2016 01:38 PM IST
ICICI Bank has made the right moves so far -- sold Essar Steel's bad loans to an asset reconstruction company, exited a credit information company, sold stake in its insurance venture. All these measures have to be seen in the context of managing director Chanda Kochhar's larger strategy to make the bank a lean, mean machine.
- May 06, 2016 09:42 AM IST
Other banks are likely to join the syndicate for the IPO that is expected in the current financial year ending March 31, IFR, a Thomson Reuters publication, reported.
- Apr 30, 2016 01:46 PM IST
Watch the interview of KG Krishnamoorthy Rao, Md and Ceo, Future Generali India Insurance and Pranav Mishra of ICICI Prudential Life Insurance with CNBC-TV18‘s Surabhi Upadhyay where they talk about, as a policy buyer what can one expect from insurance providers this financial year and how to ensure speedy claim settlements.
- Dec 08, 2015 10:36 PM IST
The bank will also offer customers credit facilities under the schemes of repair and renovation to damaged houses and overdraft facility against the existing housing loans to meet the urgent fund requirements.
- Nov 18, 2015 04:59 PM IST
Indian's largest private sector lender, ICICI Bank, will be selling 6 percent stake in its joint venture (JV) ICICI Prudential Life Insurance and 9 percent stake in its general insurance arm.
- Mar 03, 2015 01:10 PM IST
According to VS Fernando, Ortel Communications is a loss-making but cash-generating company whose net worth was less than Rs 6 cr at the end of last fiscal is vying for a market cap of more than Rs 600 cr! "One should be cautious while investing in the issue", says the expert.
- Feb 17, 2015 01:07 PM IST
Enhanced savings limits will encourage financial savings. Rationalisation of taxation of annuities will help in managing post retirement income.
- Nov 11, 2014 05:13 PM IST
Term insurance is the simplest form of life insurance. In this type of a plan the policyholder pays premiums and in return the life insurance company pays a pre-defined amount of money to the nominee in case of the demise of the policyholder during the tenure of the policy.
- Mar 06, 2014 06:52 PM IST
ICICI Prudential Life Insurance's Puneet Nanda shares his views on how should one plan before buying insurance policy.
- Sep 11, 2013 09:53 PM IST
A lot of things are in the pipeline, primary being the US tapering its bond buying programme, which can still upset the markets and turn EMs volatile
- Aug 14, 2013 05:45 PM IST
Manish Kumar, EVP and CIO of ICICI Prudential Life Insurance is positive on private sector banking space.
- Aug 14, 2013 05:25 PM IST
Manish Kumar, EVP and CIO, ICICI Prudential Life Insurance is positive on automobile stocks including Tata Motors and Mahindra and Mahindra (M&M).
- Jul 29, 2013 09:13 AM IST
The Indian rupee recently hit record low at 61.32/USD. Since May, it has lost more than 11 percent against the greenback. This along with the widening current account deficit (CAD) have prompted the authorities to burn the midnight oil to devise strategies in wooing overseas investors.
- Jul 26, 2013 11:24 PM IST
The RBI, on Friday, came out with results of the bond auction to raise Rs 15,000 crore by selling soverign four securities. However, there was a devolvement on primary dealers to the tune of 1,330 crore on two papers. This was, however, lower than market expectation.
- Jul 19, 2013 11:53 PM IST
Indian insurance companies have raised their hopes after the government decided to hike the FDI cap in insurance sector from 26 to 49 percent under the automatic route.
- Jul 03, 2013 09:19 PM IST
Bank-borrowings from the Reserve Bank of India (RBI) on Wednesday dropped to nine-month low. Banks borrowed Rs 17,215 crore from the central bank's daily repo window compared with Rs 6,850 crore recorded on October 04, 2012. In banking parlance, it is called as easing in liquidity deficit.
- Apr 11, 2013 05:26 PM IST
Expectations from the earnings season are not really great, says Lakshmikant Reddy of ICICI Prudential Life Insurance. Talking to CNBC-TV18, he says that in an otherwise dim earnings season, one bright spot could be the IT services sector.
- Nov 27, 2012 08:37 PM IST
Bucking the industry trend, ICICI Prudential Life Insurance has reported 7 per cent increase in premium collection in the April-October period.