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ICICI Prudential OFS subscribed 3.9 times; investors bid for 210 mn shares New Delhi: ICICI Prudential’s offer for sale (OFS) which is going to fetch the company Rs 1,683 crore (US$ 233.26 million) was subscribed 3.9 times....

Business Standard March 27, 2019

Marsh raises stake in Indian JV to 49 pc New Delhi: Global insurance broker Marsh, has raised its shareholding in its Indian joint venture to the maximum FDI limit of 49 per cent from 26 per cent....

PTI March 13, 2019

True North to acquire 51% stake in Max Bupa Health Insurance for Rs 511 cr New Delhi: True North, a private equity (PE) investor, will acquire a 51 per cent stake in Max Bupa Health Insurance Company for Rs 511 crore (US$ 71.80 million)....

Business Standard February 27, 2019

Life Insurance - Pradhan Mantri Jeevan Jyoti Bima Yojana; 5,67,88,890 enrolments made and Rs. 2488.44 crore disbursed under the Scheme till 31st December, 2018 New Delhi: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has received total enrolments of 56.79 million and disbursed a total amount of Rs 2,488.44 crore (US$ 350.80 million) as of December 2018....

Press Information Bureau February 13, 2019

Merger of 3 PSU general insurers to be complete by FY'20 New Delhi: The Government of India is planning to conclude the merger of National Insurance Company, United India Insurance Company and Oriental India Insurance Company by 2019-20....

PTI February 04, 2019
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