 "Insurance industry, ICICI Prudential Life Insurance, I-Pru Life, initial public offer, IPO, Buffett’s firm Berkshire Hathaway, Amitabh Chaudhry,HDFC Standard Life,Life Insurance, Sanjay Kedia,Marsh India Insurance Brokers,General Insurance Corp,ICICI")
Leveraged bets riding on the maiden offering of HDFC Mutual Fund will only be profitable if shares of the asset manager list at over 35 per cent premium during the debut next week. Cumulative bets worth over Rs 700 billion from high-net-worth individuals (HNIs), who have borrowed at a rate between 12 per cent and 14 per cent per annum, have been placed on the company.
HDFC MF's Rs 28-billion initial public offering (IPO), which closed on Friday, was oversubscribed more than 80 times. The issue garnered total bids worth Rs 1.7 trillion, the second-most for a
