INSURANCE AUSTRALIA GROUP
SBI Gen, Premji firm may acquire Future Generali
Merchant banker UBS has been running the process to find a buyer for Future Group’s stake, but with Generali now wanting to exit, there could be a full-blown acquisition, sources said.
Australia shares mark best day in 2 months on Wall Street lead; NZ up
The S&P/ASX 200 index closed 1.1 per cent higher at 6,395.70.
IAG sells SBI general stake to Premji Invest
Premji will acquire 16.01 per cent and Warburg Pincus Group 9.99 per cent in the company.
Australia shares slip as dour GDP outlook, Sino-U.S. rift weigh
The two countries are set to review the implementation of their Phase 1 trade deal on Aug. 15.
CCI approves stake buy in SBI General Insurance by Napean Opportunities, Honey Wheat
The transaction involves acquisition of 16.01 per cent paid-up share capital of SBI General Insurance by Napean Opportunities and 9.99 per cent by Honey Wheat Investment Ltd, the CCI said in two separate statements.
IAG to sell entire 26% stake in SBI General Insurance
The country's largest lender and Insurance Australia Group (IAG) currently own 7O per cent and 26 per cent, respectively, in SBI General Insurance. The transactions are subject to regulatory processes and approvals.
SGX Nifty down 45 points; here's what changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 46 points, or 0.45 per cent lower at 10,229, in signs that Dalal Street was headed for a negative start on Wednesday.
SBI shelves IPO plans for general insurance arm; card JV to hit market in Q4
Investor interest for its cards business is very high, and SBI Card listing will happen in the March quarter, Rajnish Kumar said.
Big investors approached for SBI General Insurance deal
Private equity funds have also taken large bets on insurance.
Aussie shares close weaker as global growth concerns weigh, NZ up
The sub-index of information tech stocks closed over 2 per cent lower.
6 PE funds make the cut for 26% in SBI General
The stake sale by Insurance Australia Group (IAG) will value SBI General Insurance at Rs 12,000 crore.
Insurance Australia Group may raise stake in SBI Insurance Co
In 2009, SBI had entered into a joint venture agreement with IAG for its general insurance business. IAG currently owns 26% of SBI General Insurance, with SBI holding 74%.
SBI General Insurance to sell 4% ahead of fiscal-end IPO
The stake sale in general insurance is likely to happen by the end of the current year.
IAG exits SBI General Insurance, sells 26% stake
The stake has been sold to Premji Invest and Warburg Pincus group.