fintech / news / / The Economic Times
HDFC Life Insurance share price declined 4% after announcing plans to raise Rs 1,000 crore from HDFC Bank via preferential issue.
HDFC Life will raise Rs 1,000 crore from HDFC Bank via a preferential share issue.
KEY POINTS
- Value of new business declined 8% YoY, missing estimates, mainly due to banca channel slowdown.
- Nomura cut its target price to Rs 725, citing increased competition and core market saturation concerns.
- Brokerages lowered growth estimates for FY27-FY28, anticipating only a gradual recovery in VNB and APE.
COMPANIES
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