Review of Taishin’s Prudential takeover not finished: FSC
By Kao Shih-ching / Staff reporter
The Financial Supervisory Commission (FSC) has yet to approve Taishin Financial Holding Co’s (台新金控) bid for Prudential Life Insurance Co of Taiwan (保德信人壽), although the Fair Trade Commission approved the planned takeover in November last year.
The commission last week said that it needs more information from Taishin Financial, which filed its takeover application on Jan. 8, regarding its financial resources and investment plans.
Taishin Financial in August last year announced that it aims to acquire the life insurer for NT$5.5 billion to NT$8.5 billion (US$193.74 million to US$299.42 million), and that it would take a short-term loan and consider selling 300 million shares of state-run Chang Hwa Bank (CHB, 彰化銀行) to fund the deal.
The BSE Sensex and NSE Nifty 50 indexes rose sharply on Monday as the stock market indices cheered Finance Minister Nirmala Sitharaman’s Budget speech, in which the government promised to shed fiscal deficit concerns and sharply increase capital expenditure.
Indian bond yields jumped sharply on Monday after the government, in its annual budget presentation, announced plans to raise additional funds from the market over the next two months to bridge a deficit, even as shares rose on promises of reviving economic growth.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
BSE EBIX Beta Launches Term Insurance for ICICI Prudential Life Insurance Company on its .
Ebix, Inc.December 15, 2020 GMT
JOHNS CREEK, Ga., Dec. 15, 2020 (GLOBE NEWSWIRE) BSE Ebix Insurance Broking Private Limited, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd., today announced the beta launch of term Insurance of ICICI Prudential Life Insurance Co. Ltd. on its state-of-the-art hi-tech platform. With this launch, BSE Ebix now has the ability to handle insurance sales across both Term and Endowment lines in the Life Insurance segment, using its omni-channel digital presence. The launch of Life insurance products by BSE Ebix is a major development from the Company’s perspective, since Life insurance is traditionally one of the fastest growing insurance segments in the country.
BSE EBIX Beta Launches Term Insurance for ICICI Prudential Life Insurance Company on its On-Demand Hi-Tech Platform
JOHNS CREEK, Ga., Dec. 15, 2020 (GLOBE NEWSWIRE) BSE Ebix Insurance Broking Private Limited, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd., today announced the beta launch of term Insurance of ICICI Prudential Life Insurance Co. Ltd. on its state-of-the-art hi-tech platform. With this launch, BSE Ebix now has the ability to handle insurance sales across both Term and Endowment lines in the Life Insurance segment, using its omni-channel digital presence. The launch of Life insurance products by BSE Ebix is a major development from the Company’s perspective, since Life insurance is traditionally one of the fastest growing insurance segments in the country.