|Bid||9.2400 x 300|
|Ask||9.7800 x 15000|
|Day's Range||9.6850 - 9.8900|
|52 Week Range||6.5800 - 9.8900|
|PE Ratio (TTM)||17.87|
|Dividend & Yield||0.15 (1.53%)|
|1y Target Est||11.70|
Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees ($3.15 billion), the Indian company said on Saturday. Red Bloom Investment Ltd, a company wholly owned by private equity investment funds managed by Warburg Pincus, is buying a 9 percent stake, while two other investors, Tamarind Capital Pte Ltd and IIFL Special Opportunities Fund, are buying 1.59 percent each from Fairfax, ICICI Lombard said in a statement.
Consumer prices in India (EPI) increased ~3.0% on a year-over-year basis in April 2017, compared to an ~3.8% rise in March—well below its market expectations.
ICICI Securities Primary Dealership Ltd., one of India’s biggest bond houses, says it will struggle to repeat profit levels seen last year as debt-market volatility dwindles.