Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload stake worth Rs 49 crore and other selling shareholders PNB...

Initially, it had received Sebi approval in March 2020 - just before the pandemic struck - to raise ₹976 crore including ₹800 crore through...

The bank has scaled down its IPO size by about a third from what was planned before Covid. This is the third time it is seeking Sebi's appr...

ESAF Small Finance Bank filed its draft red herring prospectus with markets regulator on Monday for an IPO to raise about ₹998 crore.

"Banks have to tell us when market conditions are right. The offer is to dilute around 25% stake."

PNB is said to be looking to sell 4 per cent stake in the company as part of a price discovery process.

The insurance company has been talking about an IPO since 2016.

PNB MetLife had filed for an IPO in August with the idea to list in January.

The company IPO will put up 49,58,98,076 shares for sale, worth 24.64 per cent stake dilution.

The offer is of up to 49,58,98,076 shares of face value of Rs 10 each by way of an offer for sale.

PNB Metlife will become the fourth life insurer to list on the bourses.

PSU bank will also buy stake in financial technology firm CapitaWorld along with other lenders.

Let's check out what all might matter to Dalal Street during the day.

PNB Metlife has a 2.4 per cent share of the life insurance market, up 12 basis points in the last one year.

The company may be valued at over Rs 8,000 crore and promoters are looking to realise close to Rs 2,000 crore from the sale of shares.

Ashish joined PNB MetLife in 2013 as the Head of Human Resources before subsequently moving to Dubai in 2015 to take charge of Human Resour...

The spokesperson of PNB Metlife did not respond on the likely embedded value of the company.