India Pursues Insurance, Gaming Firms Over Alleged Tax Evasion September 28, 2023 By Shruti Srivastava and Advait Palepu Indian authorities sent a $208 million tax demand to a private insurer, the latest in a growing list of firms...
India’s GIC Re Shares Drop on Market Debut After Raising $1.7B in IPO October 25, 2017 State-run General Insurance Corp. of India (GIC Re) slumped as much as 14.5 percent on market debut on Wednesday after...
Indian Insurer ICICI Lombard Hopes to Raise $892 Million with IPO September 8, 2017 By Devidutta Tripathy ICICI Lombard General Insurance Co Ltd’s initial public offering of shares opening next week aims to raise up to 57...
Warburg Seeks to Buy Minority Stake in India’s ICICI Lombard from Fairfax April 20, 2017 By Scott Deveau, Anto Antony and George Smith Alexander Warburg Pincus is the frontrunner to acquire a minority stake in Indian insurer ICICI Lombard General Insurance Co. from Prem...
Canada’s Fairfax Financial to Raise $536.4M to Fund Larger Stakes in 2 Insurers February 23, 2016 By Euan Rocha Fairfax Financial Holdings said on Monday it plans to raise C$735 million ($536.42 million) through an equity issuance, to fund...