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Run-up to LIC IPO: Government pushes for legislative changes to LIC Act by month-end

Run-up to LIC IPO: Government pushes for legislative changes to LIC Act by month-end
March 04, 2021
IPO expected by FY22 Q3
The government is preparing the ground for the initial public offering of LIC by the third quarter of FY21-22. It is pushing for legislative approvals in the second leg of the Budget session starting March 8.
“The task is not easy. Lot of work has to be done to meet the target of third quarter of FY21-22,” a senior official from DIPAM (Department of Investment and Public Asset Management) told
BusinessLine. Though the government has not spelt out the quantum of disinvestment, indications are that it could be less than 10 per cent. ....

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Max Financial Services Ltd reports Q3FY21 earnings

Max Financial Services Ltd reports Q3FY21 earnings
Posted On:
2021-02-09 01:16:03
(Time Zone: Arizona, USA)
Max Financial Services Ltd. (MFSL) today announced its financial results for the quarter ended December 31st, 2020. In Q3 FY21, MFSL s consolidated revenues were at Rs. 8,990 Cr., growing 68% year-on-year due to higher investment income. Consolidated PAT grew 54% to Rs. 227 Cr.
In Q3 FY21, MFSL s sole subsidiary Max Life reported Gross written premium of Rs. 4,629 Cr, Up 19% over the previous year. Shareholders PAT of Rs. 220 Cr, up 43% over the previous year, due to higher investment income and reserve release due to hedging of in-force Protection business. ....

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HDFC Life Insurance Company - Not only - but also - about protection - ICICI Securities

HDFC Life Insurance Company - Not only - but also - about protection - ICICI Securities ....

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SBI Life Insurance Company - Strong performance, attractive valuations ( 2 FY23 P/EV) - ICICI Securities

SBI Life Insurance Company - Strong performance, attractive valuations ( ....

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Reliance Capital Limited debenture holders pave way for asset monetisation

Reliance Capital Limited debenture holders pave way for asset monetisation
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