Latest Hdfc Life Insurance Company News
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The Economic Times
HDFC Life to raise Rs 1,500 crore via NCDs to strengthen solvency
HDFC Life Insurance plans to raise Rs 1,500 crore through non-convertible debentures after board approval. The NCDs will carry an 8.05% coupon rate and a 10-year term, with allotment set for October 9. This move follows a drop in the company's solvency ratio and aims to bolster financial stability.
CNBC TV18
HDFC Life Insurance to finalise terms for ₹2,000-crore debt issuance
The company previously received an in-principle approval from its board of directors to raise up to ₹2,000 crore through non-convertible debenturesnon a private placement basis. Shares of HDFC Life Insurance Company Ltd ended at ₹719.70, down by ₹7.60, or 1.04%, on the BSE.
Business Standard
HDFC Life Insurance Company Ltd down for fifth straight session
HDFC Life Insurance Company Ltd is quoting at Rs 700.55, down 0.33% on the day as on 13:19 IST on the NSE. The stock jumped 5.99% in last one year as compared to a 25.32% rally in NIFTY and a 16.42% spurt in the Nifty Financial Services index.
Business Standard
Vedanta Ltd leads losers in 'A' group
HDFC Life Insurance Company Ltd, New India Assurance Company Ltd, ICICI Lombard General Insurance Company Ltd and Oil India Ltd are among the other losers in the BSE's 'A' group today, 10 September 2024.
Business Standard
Value fashion retailer Baazar Style raises Rs 250 cr from anchor investors
Value fashion retailer Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors, a day before its initial share-sale opening for public subscription. Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, HDFC Mutual Fund (MF), HSBC MF, Bandhan MF and Bajaj Allianz Life Insurance Company are among the anchor investors, according to a circular uploaded on the BSE website. The company has allotted 64.29 lakh equity shares to 28 funds at Rs 389 apiece, aggregating the transaction size to Rs 250.1 crore, the data showed. The Rs 835-crore initial public offering (IPO) will open for subscription on August 30 and conclude on September 3. The price band has been fixed at Rs 370-389 per share. The proposed IPO is a combination of a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore value
Business Standard
Tencent sells 2.1% stake in PB Fintech for Rs 1,668 cr; SBI MF, SocGen pick
Chinese conglomerate Tencent on Thursday sold a 2.1 per cent stake in PB Fintech, the parent company of Policybazaar, for Rs 1,668 crore via open market transactions, while SBI Mutual Fund (MF) and Societe Generale (SocGen) picked up stake in the company. Tencent Cloud Europe BV, an affiliate of Shenzhen-based technology multinational Tencent, offloaded 97 lakh shares in 15 tranches, amounting to a 2.13 per cent stake in PB Fintech, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore. After the share sale, Tencent's sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent. Meanwhile, SBI MF, Axis MF, Mirae Asset MF, ICICI Prudential Life Insurance, HDFC Life Insurance, Europacific Growth Fund, Goldman Sachs Singapore, Copthall Mauritius Investment, Ghisallo Master Fund LP, SocGen, and British hedge fund Marshall Wace were among the buyers of PB ..
Mint
Abbott India, Mphasis & others hit 52 week high today ; Do you own any?
Following shares hit their 52 week high today - Abbott India, Mphasis, Trent, Colgate Palmolive India, HDFC Life Insurance Company
Business Standard
HDFC Life Insurance gets a tax demand of Rs 1,495 cr from I-T dept
The company had certain marketing and advertising expenses in financials that were considered as admissible expenses incorrectly while calculating the taxable surplus in the policyholder's account
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Fri, Jun 28, 2024