Insurers purchase record equities in 2022

Domestic insurers, led by Life Insurance Corporation of India (LIC), stepped up equity purchases last year amid relentless selling by foreign portfolio investors (FPIs), especially in the first half. Domestic institutional investors (DIIs) shopped for equities worth Rs 2.75 trillion last year, a historical high. Of this, close to Rs 90,000 crore of net buying, […]

ICICI Bank mulls raising funds by issuing debt securities on April 22; shares gain marginally

ICICI Bank on Monday said that it will consider raising funds by issuance of debt securities at its board meeting scheduled on April 22. “The Board of the Bank at its meeting scheduled on April 22, 2023, will consider fundraising by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple […]

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