Dec 31, 2021By: Rounak Jain
Shares of the cash management company will debut on the stock exchanges today after receiving a tepid response with 1.95 times subscription.
The current grey market premium hints at a zero percent premium.
The Policybazaar parent announced an investment of up to ₹700 crore in its insurance business and up to ₹300 crore in its marketing and consulting business.
Approved an investment proposal worth ₹322 crore for setting up a data centre at Manesar.
Its subsidiary partner won a US court decision on Lantus device patents against Sanofi, a French multinational healthcare company.
Announced an investment of ₹34 crore for a 9.95 percent stake in India International Clearing Corporation, a clearing house that settles index and stock derivatives, among other things.
LIC has picked up a 2.01 percent stake in the company, increasing its holding to 9.01 percent.
Removed a contentious clause in its Articles of Association that led to a bitter feud between its promoters Rahul Bhatia and Rahul Gangwal.
Its board has approved the merger of IDFC and IDFC Financial Holding Company with the bank.