RR Kabel IPO: RR Kabel IPO opens for public subscription on Wednesday, September 13, and will close on Friday, September 15, 2023. The price band for its public issue at Rs 983-1035 per equity share of face value Rs 5 each. At the upper end of the price band, the company’s promoters and shareholders seek […]
Day: August 27, 2023
Rating: Add; Titan targets a larger market shareRating: Add; Titan targets a larger market share
Titan’s recent announcement of acquiring a 27.2% stake in CaratLane (CL) from Mithun Sacheti and family for Rs 46.2 billion marks a significant development. This transaction values CaratLane at Rs 170 billion, although our valuation pegs it slightly higher at Rs 208.5 billion. After this, Titan’s stake in CaratLane will rise from 71.09% to 98.28%. […]
Positive outlook for HDFC Life; insurance sector aims for 13-15% growth in new premiumsPositive outlook for HDFC Life; insurance sector aims for 13-15% growth in new premiums
During our discussions at the Jefferies Asia Forum, the management team of HDFC Life (including the CEO, EDCFO, and IR) emphasised the positive progress of their bancassurance partnership with HDFC Bank. They highlighted that there is a closer alignment between the two organisations at both the top management level and among the street-level teams. This […]