Value of new business (VNB) margin expanded 20 basis points to 24.7% against 24.5% a year ago. One basis point is a hundredth of a percentage point. Value of new business grew 12% to ₹2,040 crore.
Bonfiglioli Transmissions aims to raise Rs2,534 crore through an upcoming offer for sale. The promoter group’s stake will reduce from 100% to 77% post-IPO. The
Value of new business (VNB) margin expanded 20 basis points to 24.7% against 24.5% a year ago. One basis point is a hundredth of a
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