Board declares Interim Dividend
The New India Assurance Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 15, 2017, has approved the payment of interim dividend of Rs. 3.75 per equity share of face value of Rs. 5 each. Outcome of Board Meeting
The meeting of the Board of Directors of the Company held today has approved the payment of interim dividend of Rs. 3.75 per equity share of face value of Rs. 5 each, which will be paid to such Members whose name shall appear in the Company's Register of Members as on record date December 1, 2017 as well as to those beneficial holders as registered in the records of Depositories on the Record date Outcome of Board Meeting
In terms of regulations 33 of Securities Exchange Board of India (Listing Obligations and Disclosures Requirements), Regulations, 2015, we forward herewith in the prescribed format, a copy of the audited financial results for the quarter and half-year ended September 30, 2017, which have been approved by the Board of Directors of the Company at its meeting held today. New India Assurance falls 10% on debut
Will take advantage of rapid growth in general insurance space, says chairman Srinivasan Analyst / Investor Meet - Intimation
A Conference Call with Analyst/Investor is scheduled to be held from the Company's Head Office at Mumbai on November 16, 2017 at 10:00 AM to discuss the Company's financial performance for Q2 FY 2018 Board to consider Interim Dividend
The New India Assurance Company Ltd has informed BSE that Meeting of the Board of Directors of the Company will be held on November 15, 2017, inter alia,1. To consider and approve the Unaudited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2017.2. To consider declaration of Interim Dividend. Board Meeting On 15Th November, 2017
Dear Sir/Madam, Pursuant to regulation 29 of SEBI( Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that Meeting of the Board of Directors of the Company to be held on Wednesday 15th of November,2017 inter alia, . To consider and approve the Unaudited Standalone Financial Result of the Company for the quarter and half year ended 30th September, 2017.... Code of Conduct under SEBI (PIT) Regulations, 2015
The trading window for purchase or sale of Company's shares by the insiders of the Company would be closed from 13.11.2017 and would be re-opened at the closing hours of 17.11.2017 i.e. after 48 hours after the conclusion of the Board meeting.
Insurer New India Assurance disappoints on stock market debut
The IPO season was strong for the first half of 2018, but it looks like this insurance IPO didn't see much benefit. This year's second largest IPO, New India Assurance Company (NIACL) made its stock market debut today below its issue price, starting out at Rs. 748.9 compared to the issue price of Rs. 800 per share. The share price has continued to fall since the disappointing open. The insurer's Rs. 9,600 crore IPO had seen an oversubscription of 1.19 times, with the bulk of demand coming in from institutional buyers. The IPO offering had analysts responding with lukewarm enthusiasm - Angel Broking for instance, had pointed out that while the company is the market leader in terms of gross direct premium, it has reported losses in the insurance business, and has falling ROE - ROE declined from 9% over the past five years to 7% in FY17. Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India