 "ICICI Pru IPO: Could raise Rs 1,800 cr from anchor investors")
Shares of ICICI Prudential Life Insurance Company (ICICI Pru) rallied 7 per cent to Rs 408 on the BSE on Thursday in an otherwise subdued market, after reporting 27 per cent year-on-year (YoY) growth in value of new business (VNB) at Rs 309 crore in the June quarter (Q1FY20).
The stock was 5 per cent away from its 52-week high level of Rs 428 touched on August 7, 2018 in intra-day trade.
The life insurance company's VNB margin during the quarter expanded 400 basis points (bps) to 21 per cent from 17 per cent in Q1FY19, primarily on
The stock was 5 per cent away from its 52-week high level of Rs 428 touched on August 7, 2018 in intra-day trade.
The life insurance company's VNB margin during the quarter expanded 400 basis points (bps) to 21 per cent from 17 per cent in Q1FY19, primarily on
