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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Canara Bank, HSBC and PNB aim to unlock value in 10-14 October offer-for-sale
Canara HSBC Life Insurance Company will open its initial public offering on 10 October, marking another high-profile debut on Dalal Street this month. The IPO, which will be an offer-for-sale (OFS) of 23.75 crore shares, will close on 14 October. Promoters Canara Bank and HSBC Insurance (Asia-Pacific) Holdings will offload a part of their holding. Punjab National Bank, an investor shareholder, will also participate in the sale.
While the price band has received regulatory approval, it has not yet been disclosed. The IPO comes after SEBI’s final clearance on 15 September, where it directed the insurer to file an updated …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
IRDAI wants to fix a model where distributors chasing high commissions push unsuitable policies, hurting customers. The regulator should brace for a major industry pushback.
