#axis capital

https://img.etimg.com/thumb/msid-124344824,width-1200,height-630,imgsize-29668,overlay-etmarkets/articleshow.jpg LG Electronics India has raised Rs 3,475 crore from anchor investors ahead of its IPO, which opens on October 7. The company allocated about 3.04 crore shares at Rs 1,140 apiece. The issue is completely an OFS of 10.18 crore shares with a size of Rs 11,607 crore. Among the marquee…

https://img.etimg.com/thumb/msid-123867001,width-1200,height-630,imgsize-57772,overlay-etmarkets/articleshow.jpg India’s primary market is set for another busy week as a clutch of 5 IPOs prepare to open across both mainboard and SME platforms, offering investors a wide range of choices from building materials to technology. Among the mainboard issues, Euro Pratik Sales will be the biggest…

https://img.etimg.com/thumb/msid-123269890,width-1200,height-630,imgsize-30290,overlay-etmarkets/articleshow.jpg Fractal Analytics, a provider of artificial intelligence and analytics services, filed for an initial public offering in Mumbai that could value the company at more than $3.5 billion. Proceeds from the IPO could reach about 49 billion rupees (or about $560 million), according to its…

Religare Enterprises on Friday said its board has approved a proposal to raise Rs 1,500 crore through the preferential allotment of warrants to support the company’s business expansion plans and drive new strategic initiatives. Of this amount, entities linked to the Burman family, owners of Dabur, will contribute Rs 750 crore, accounting for 50 per cent of the total fundraise, while the remaining…

AXIS Capital reports drop in Q2 net income

Period Net income available to common shareholders Operating income Q2 2022 $27 million $149 million Q2 2021 $228 million $171 million H1 2022 $169 million $329 million H1 2021 $344 million $253 million   Segment-wise, the company’s insurance business posted a 0.3% increase in underwriting income in the second quarter; 42.2% in the first half. The reinsurance segment, meanwhile,…