Tega Industries IPO subscribed 4.7 times on day 1The IPO is valued at 22x FY21 earnings, which looks attractive compared to its close peer AIA Engineering, said Reliance Securities with a ...
Axis looks to foray into life insurance businessAxis Bank’s decision was triggered by Max’s promoters seeking to exit life insurance through a merger with HDFC Life Insurance, although th...
Tata Sons board also discussed bigger stake in PNB-Metlife on Oct 24: Cyrus Mistry's petitionThe board meeting discussed proposal to bid for 70% stake in the insurer in which a key member of Mistry family & a friend of Ratan Tata ow...
Thyrocare Technologies’ IPO receives overwhelming response; subscribed 73.46 timesThyrocare Technologies is planning to raise funds worth Rs 480 crore through the IPO (Rs 451 crore at the lower end). The price band for th...
- AIA share sale set to close early on strong demand
The share sale of the Asian unit of US life insurer AIG could close two days early due to stronger-than-expected demand, a report said on M...
- AIG lowers Asian unit IPO valuation to woo Kuwaitis: Report
US insurer AIG has been forced to reduce its valuation for the Hong Kong initial public offering of its Asian unit AIA to win the commitmen...
- AIG wins approval for Asian unit IPO: Report
Troubled US insurer AIG has won approval for a Hong Kong share sale of its Asian unit, AIA, worth up to 15 billion US dollars.
- AIG hires Citigroup for Asian life insurance arm AIA's IPO
US insurer American International Group (AIG) has selected financial services major Citigroup as one of the global coordinators for an init...
- AIG chooses coordinators for AIA IPO: Report
Insurer American International Group has selected investment banks Goldman Sachs and Morgan Stanley as global coordinators for an initial p...
- AIG top brass at loggerheads over AIA deal
The failed sale of US insurer AIG's Asian life insurance business has led to a rift between its two top executives, Robert Benmosche, the c...
- Nobody will resign over failed AIA bid: Prudential
Nobody will have to resign from British insurer Prudential PIc's top team over the collapse of its USD 35.5-billion bid for AIA.
- AIG may use Asia IPO route to exit AIA after Pru bid fails
Prudential said the collapse of its $35.5-billion takeover of American International Group’s main Asian unit will cost it about £450 millio...
- Emerging markets see M&A volume at record high of $215 bn
Emerging markets have seen a record $215 billion worth of merger and acquisition (M&A) deals so far this year on increased business activit...
- Prudential eyes Asia's coming insurance boom: experts
Asia's insurance industry is set to boom thanks to rising incomes, a growing middle class and ageing populations, explaining the allure beh...
- For Prudential boss, no risk seems to be too big
Prudential chief executive officer Tidjane Thiam knows about taking risks. He abandoned a career at McKinsey & Co in 1994 to become an advi...
- AIG puts arm on block, sounds out Indian company
India Inc may not just remain a mute spectator to the current global financial crisis. A leading Indian business group has been approached ...
- More than 1,500 AIG policies terminated in Hong Kong: Report
More than 1,500 insurance policies with the local subsidiary of troubled global giant AIG have been terminated in Hong Kong in two days.