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Arohan Financial Services files IPO papers; eyes ₹600 cr via fresh issue
Microfinance institution Arohan Financial Services has filed preliminary papers with market regulator Sebi to raise funds through an initial public offering (IPO), comprising a fresh issue of shares worth Rs 600 crore. Apart from the fresh issue, there will be an offer for sale (OFS) of4.04 crore shares by existing investors, according to the draft red herring prospectus (DRHP) filed with Sebi. US Teachers Insurance and Annuity Association, a retirement financial services firm, Michael & Susan Dell Foundation,Aavishkaar Goodwell India Microfinance Development Company-II Ltd,Tano Capital, TR Capital III Mauritius, and Danish Sustainable Development Goals Investment Fund,among other existing investors, will offload shares. Proceeds from the fresh issue will be used to boost the company's capital base and for general corporate purposes, the draft papers filed last week showed. Earlier in January, Arohan Financial Services Managing Director Manoj Kumar Nambiar stated that the company .
Liberty Mutual Insurance raises stake in Indian arm to 74 pc
Liberty Mutual Insurance has increased its stake in Liberty General Insurance to 74%, strengthening its commitment to India’s fast-growing insurance market. Following an earlier stake hike in September 2025, the company plans to expand distribution networks and deepen its presence across retail and commercial insurance segments, while capitalising on rising insurance penetration opportunities in India.
ICICI Pru Life shares crash nearly 9% after Prudential plans stake cut below 10%
ICICI Prudential Life Insurance shares fell sharply on Monday after reports that promoter Prudential plc may reduce its stake below 10% following the acquisition of Bharti Life Insurance. The move raised concerns over ownership structure and strategic alignment, though ICICI Bank clarified it will retain majority control in the insurer.
Here's why ICICI Prudential Life Insurance shares will be in focus on Monday
Shares of ICICI Prudential Life Insurance are down 21% so far in 2026, underperforming its peers such as HDFC Life, which is down 19%, LIC, which has declined 6%, and SBI Life, which is down 9% so far this year. The stock though, continues to trade above its issue price of ₹334.
Prudential Plc to buy 75% Bharti Life stake for ₹3,500 crore, cut ICICI Pru Life holding to 10%
The London-based insurer says the move marks a strategic reset in India, as it secures majority control of Bharti Life Insurance while complying with regulations on ICICI Prudential stake reduction.
Private banks top pick for FY27; RBI rate hike likely in second half of the year: ICICI Pru Life
Jitendra Arora, Chief Equity & Fund Manager at ICICI Prudential Life Insurance, says large private banks are his top sector bet for FY27, with an RBI rate hike likely in H2. He also likes power generation and select EPC stocks. On the broader market, he says domestic flows are acting as a buffer against FII selling, keeping indices range-bound. On metals, he advises holding existing positions but not adding fresh. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Jio Financial to invest ₹4.95 crore for 50% stake in Jio Allianz General Insurance JV
Jio Financial Services Limited will invest ₹4.95 crore towards the initial subscription of 49,50,000 equity shares of face value ₹10 each. Shares of Jio Financial Services ended 0.5% in the green on Wednesday, May 13. The stock has fallen over 21% in the year so far.
Jio Financial and Allianz Group formally launch 50:50 insurance JV
Jio Allianz General Insurance has been incorporated. Jio Financial Services and Germany's Allianz each hold a 50 percent stake. The new company will offer general insurance, including health insurance in India. This follows Allianz's earlier exit from a joint venture with Bajaj Finserv. The incorporation marks a new chapter for insurance services in the country.
Royal Sundaram General Insurance Co. standalone net profit rises 136.62% in the March 2026 quarter
Sales decline 1.81% to Rs 867.86 crore
Life insurance stocks gain after strong FY27 start; SBI Life, ICICI Prudential lead growth
Life insurance stocks showed slight gains on May 11, with SBI Life and ICICI Prudential leading the way. The sector experienced robust growth in FY27, particularly SBI Life with an 80% increase in new business premiums and LIC with a 38% rise.
Life insurance new business premium rises 41% in April, SBI Life leads growth
Private life insurers report strong April start to FY27, led by SBI Life, ICICI Prudential, HDFC Life and LIC, with robust NBP and APE growth across segments.
Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...