The rub-off effect of subsidiaries is quite prominent on the stock price movement; loan growth at 12 per cent in July-September quarter
SBI Life touched a life-time high of Rs 1,030 per share on October 30, 2019, while ICICI Pru Life hit a record high on November 8, 2019.
As of September 2019, Standard Life held 19.69 per cent equity stake in HDFC Life. Post the bulk deal, Standard Life's stake will drop to 14.73 per cent
According to media reports, UK's Standard Life is planning to divest up to 4.5 per cent stake in HDFC Life Insurance.
The company's net profit in the year-ago period stood at Rs 286.98 crore
Hindustan Unilever (HUL), Nestle India, Bata India, Berger Paints, Info Edge (India), Manappuram Finance, Siemens, Voltas and Whirlpool of India, too, hit new highs today.
While the pace of growth for the four listed life insurers has come down, HDFC Life and Max Life fared better
Standard Life Mauritius Holdings held 23.02% stake in HDFC Life as on June 30, 2019
Reports said that Standard Life was looking to sell up to 3.2 per cent in HDFC Life, the largest life insurer by market capitalisation through an offer for sale (OFS).
A mere allegation by the insurer would not suffice to oust the claim, and the allegation would have to be substantiated by furnishing evidence
In this endeavour, IvyCamp will leverage its global alumni network of 10,000 entrepreneurs, technologists, mentors, investors, corporate partners and accelerators to support startups in this programm
We have set up a technology corpus to invest in new ideas where we have partnered with start-ups, says Vibha Padalkar