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Arthur J. Gallagher & Co. Acquires Edelweiss Gallagher Insurance Brokers Limited


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ROLLING MEADOWS, Ill., July 1, 2021 /PRNewswire/  Arthur J. Gallagher & Co. today announced that it has purchased the remaining shares of Edelweiss Gallagher Insurance Brokers Limited from Edelweiss Financial Services Limited, following a minority investment in 2019. Terms of the transaction were not disclosed. The deal is subject to approval by the Insurance Regulatory and Development Authority of India.
Headquartered in Mumbai, with branches in Delhi, Kolkata and Bangalore, Edelweiss Gallagher Insurance Brokers Limited is an insurance/reinsurance broker offering general insurance solutions to clients across India within four business lines – corporate, affinity & association, reinsurance & global, and digital solutions. Key industry niches include cement, retail, pharmaceuticals & life sciences, jewellery, financial services, property, construction and infrastructure. ....

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PowerGrid InvIT IPO to open on April 29; price band fixed at Rs 99-100


PowerGrid InvIT IPO to open on April 29; price band fixed at Rs 99-100
The company informed that the net proceeds from the offer will be utilised towards providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, and for general purposes
BusinessToday.In | April 27, 2021 | Updated 15:11 IST
The price band for the share sale has been fixed at Rs 99-100 per unit
The initial public offering (IPO) of PowerGrid Infrastructure Investment Trust, owned by state-run Power Grid Corporation of India, will open for subscription on April 29. The price band for the share sale has been fixed at Rs 99-100 per unit. ....

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POWERGRID InvIT Rs 5K cr IPO opens on April 29


POWERGRID InvIT Rs 5K cr IPO opens on April 29
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IANS
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Power demand. (File Photo: IANS). Image Source: IANS News
Mumbai, April 26 : The initial public offering (IPO) of units of POWERGRID Infrastructure Investment Trust ( POWERGRID InvIT ), an InvIT set-up to own, construct, operate, maintain and invest in infrastructure and power transmission assets in India, will open on Thursday, April 29, 2021 at a price band of Rs 99 to Rs 100.
The offer closes on Monday May 3, 2021. POWERGRID InvIT is issuing Units aggregating up to Rs 4,993.484 crore and the Selling Unitholder is offering Units aggregating up to Rs 2,741.508 crore.
As per the schedule, the Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Offer Opening Date i.e. April 28, 2021. ....

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