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In May 2021, Housing Development Finance Corporation (HDFC), entered into a share purchase agreement for the sale of 44,12,000 equity shares of Rs. 10 each, representing 0.62% of the issued and paid-up share capital of HDFC ERGO, in accordance with the direction of Reserve Bank of India to reduce its shareholding in the latter to 50% or below ...
To cater to Non-Resident Indians, HDFC had offices in London, Singapore and Dubai [13] and service associates in Middle Eastern countries. [9] The first overseas office was opened in Dubai in 1996 and in the 2000's was expanded to London and Singapore. [13] In addition, HDFC covered over 90 locations through its outreach programmes.
HDFC ERGO General Insurance Company: Private Mumbai: 2002 13 ICICI Lombard: Private Mumbai: 2001 14 IFFCO TOKIO General Insurance: Private Gurugram: 2000 15 Zurich Kotak General Inusrance: Private Mumbai: 2015 16 Liberty General Insurance: Private Mumbai: 2013 17 Magma HDI General Insurance: Private Mumbai: 2009 18 Niva Bupa Health Insurance ...
The company is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institutions and Abrdn, a global investment company. [5] As of 31 March 2020, the promoters; HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. hold a 51.69% and 34.75% stake in HDFC Life respectively. [5]
Contact Singapore (Chinese: 联系新加坡) was an agency of the Singapore government whose primary function is to draw people from around the world to work, invest and live in Singapore, with the ultimate aim of boosting economic development. [1] [2] It was an alliance of Singapore’s Economic Development Board and Ministry of Manpower. [3]
The company's overall operational performance resulted in an operational loss of ₹ 2,604.12 crore (US$300 million) in 2022-23 as against ₹ 3,025.25 crore (US$350 million) in 2021-22, thus recording a decrease of ₹ 421.13 crore (US$49 million). The net incurred claims ratio increased to 112.14% in 2022-23 from 110.80% in 2021-22.
Star Health Insurance launched its ₹ 7,249 crore (US$980.68 million) initial public offering (IPO) in December 2021. [6] [7] [8] After the issue was undersubscribed, it reduced the IPO size to ₹ 6,400 crore (US$865.82 million). [9]
On April 27, 2020, The IFSCA was established as a statutory body under the International Financial Services Centres Authority Act, 2019. [8] On April 27, 2020, inauguration of the IFSCA by the Finance Minister of India, Nirmala Sitharaman.