Axis Bank Capital

The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020

IRDAI gave its formal approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital & Axis Securities (together Axis Entities)

Prior to joining Axis Bank, Puneet Sharma spent 12 years at Tata Capital as a senior management functionary and was the group chief financial officer since 2014.

The QIP issuance was done at a price of Rs 629 per equity share at a tight discount of 1.44 per cent over the closing price of the issue opening date of September 19, 2019.

The RBI had allowed bank subsidiaries to provide commodity broking services in September last year, as the Securities and Exchange Board of India, the capital market regulator, tries to deepen the market.

Kotak Mahindra Capital, Axis Capital, Goldman Sachs (India) Securities, JM Financial Institutional Securities and J.P. Morgan India are the lead book running managers of the IPO.

While Axis Bank raised Rs 9,063 crore through issuance of equity, it mopped up Rs 2,563 crore by issuing warrants to these investors.

Axis Bank raised the amount by issuing debt securities on a private placement basis.

The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, ICICI Securities, JM Financial, Kotak and SBI Capital Markets -IFR, a Thomson Reuters publication, said.

Ruchit Jain, equity technical analyst at Angel Broking, says Indian markets are in an oversold zone and he expects a pullback rally. Meanwhile, NDTV Profit also spoke to three other analysts who shared their trading strategies:

Nifty has important support between 8,000 and 7,900 levels and any catastrophic move in Nifty on the downside is not expected, says Ruchit Jain, equity technical analysts at Angel Broking.

Axis Bank will buy a 13.67 per cent stake in Assets Care and Reconstruction Enterprise (ACRE) from IFCI Ltd for Rs 22.72 crore.

R Sreesankar, head of institutional equities of Prabhudas Lilladher, believes Nifty is likely to remain in a range of 7,200 to 7,800 with bouts of volatility.

Equitas Holdings, which has got a licence for small finance bank, is expected to hit the capital markets in the first half of April to raise an estimated Rs 2,000 crore through an initial public offering (IPO).

Banks normally take a 10-times leverage on their core capital.

The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020

IRDAI gave its formal approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital & Axis Securities (together Axis Entities)

Prior to joining Axis Bank, Puneet Sharma spent 12 years at Tata Capital as a senior management functionary and was the group chief financial officer since 2014.

The QIP issuance was done at a price of Rs 629 per equity share at a tight discount of 1.44 per cent over the closing price of the issue opening date of September 19, 2019.

The RBI had allowed bank subsidiaries to provide commodity broking services in September last year, as the Securities and Exchange Board of India, the capital market regulator, tries to deepen the market.

Kotak Mahindra Capital, Axis Capital, Goldman Sachs (India) Securities, JM Financial Institutional Securities and J.P. Morgan India are the lead book running managers of the IPO.

While Axis Bank raised Rs 9,063 crore through issuance of equity, it mopped up Rs 2,563 crore by issuing warrants to these investors.

Axis Bank raised the amount by issuing debt securities on a private placement basis.

The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, ICICI Securities, JM Financial, Kotak and SBI Capital Markets -IFR, a Thomson Reuters publication, said.

Ruchit Jain, equity technical analyst at Angel Broking, says Indian markets are in an oversold zone and he expects a pullback rally. Meanwhile, NDTV Profit also spoke to three other analysts who shared their trading strategies:

Nifty has important support between 8,000 and 7,900 levels and any catastrophic move in Nifty on the downside is not expected, says Ruchit Jain, equity technical analysts at Angel Broking.

Axis Bank will buy a 13.67 per cent stake in Assets Care and Reconstruction Enterprise (ACRE) from IFCI Ltd for Rs 22.72 crore.

R Sreesankar, head of institutional equities of Prabhudas Lilladher, believes Nifty is likely to remain in a range of 7,200 to 7,800 with bouts of volatility.

Equitas Holdings, which has got a licence for small finance bank, is expected to hit the capital markets in the first half of April to raise an estimated Rs 2,000 crore through an initial public offering (IPO).

Banks normally take a 10-times leverage on their core capital.