HDFC Life Insurance Company Ltd - VNB Seen Doubling Every 4 Years
The new surrender regulations would impact VNB margins by ~100 bps, which the company may partially offset by a combination of better pricing,...
13 Views
HDFC Life Insurance - APE up 23% YoY, VNB Margins 100bp Below Estimate
HDFC Life Insurance (HDFCLIFE) in 1QFY25 reported lower-than-expected VNB margins at 25% (est. 26%), with absolute VNB increasing 18% YoY to...
142 Views
HDFC Life Insurance - Ingredients in Place for Growth and Margin Delivery
HDFCLIFE reported broadly in-line results for Q1FY25, with APE at Rs28.6bn (+23% YoY), coming in 4% above our estimates and more than offsetting...
152 Views
IDFC First Bank Early Look - Likely to Be an Accretive Deal but Not Particularly Cheap
IDFC First Bank has launched its QIP at an issue price of INR 90.25 (4.14% discount to the 3rd Oct 23 close price and 4.95% discount to the floor...
944 Views
Adani Enterprises US$2.4bn FPO - Updates, Pricing, Structure, Anchor and Some More
Adani Enterprises is looking to raise INR200bn (US$2.4bn) via a further public offering (FPO). We have covered most of the details in our prior...
607 Views