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As On 17-Nov-2017
SENSEX
33,342.80
235.98 (0.71%)
NIFTY
10,283.60
68.85 (0.67%)
EQUITY
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  • The New India Assurance Company IPO subscribed 1.19 times

    Receives bids for 14.3 crore shares

    The New India Assurance Company's initial public offering (IPO) received bids for 14.3 crore shares compared with 12 crore shares on offer, as at 16:45 IST, on the last day of the bidding for the IPO today, 3 November 2017, data on NSE showed. The IPO was subscribed 1.19 times. The price band for the issue was fixed at Rs 770-800 per share. The issue opened on 1 November 2017 and closes today, 3 November 2017.

    The IPO of The New India Assurance Company comprised of total issue of up to 12 crore shares including a fresh issue of up to 2.4 crore shares and an offer for sale (OFS) of up to 9.6 crore shares by the Government of India. The offer includes reservation of up to Rs 0.36 crore for eligible employees.

    The net proceeds from the fresh issue will be used to augmenting the capital base to support the future growth of business and to maintain the current solvency levels.

    The company reported consolidated net profit of Rs 510.36 crore on total income of Rs 618.14 crore in Q1 June 2017.

    The New India Assurance Company, a century old public sector general insurance company. The operations of the company are spread across 29 states and seven union territories in India and across 28 other countries globally through a number of international branches, agency offices and subsidiaries including a desk at Lloyd's, London.

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Flash News 17-Nov-2017
  •  ( 16:14) Sensex rises 235.98 points or 0.71% to settle at 33,342.80  
  •  ( 15:46) Market closes with impressive gains  
  •  ( 14:34) Sunshield Chemicals wins order from Elantas GmbH  
  •  ( 13:53) Axis Bank keeps MCLRs unchanged from 18 Nov  
  •  ( 11:42) Cabinet hikes carpet area of houses for subsidy scheme  
  •  ( 11:28) HDFC Standard attracts modest premium on debut  
  •  ( 10:51) Gati's cons. Q2 PAT jumps 179.17% to Rs 20.77 crore  
  •  ( 10:41) HDFC Standard lists a Rs 311 on BSE  
  •  ( 10:13) Cipla receives USFDA nod for generic Pulmicort Respules  
  •  ( 09:46) Bank of Baroda to consider Rs 6000 cr fund raising plan  
  •  ( 09:27) RBI allows hike in FPI limit in Petronet to 40% from 30%  
  •  ( 08:51) Moody's changes India's govt bond outlook to stable  
  •  ( 08:50) Moody's upgrades India's govt bond rating to Baa2 from Baa3  
  •  ( 08:20) GST: Cabinet nod for national anti-profiteering authority  
  •  ( 07:55) US stocks advance on Thursday  
Show News
17 November 2017 00:00
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