Marquee funds, including Edelweiss MF, Tata MF, Goldman Sachs, Citigroup, Morgan Stanley, ICICI Pru MF, Blackstone Aqua, Reliance Nippon Life, and HDFC Standard Life, among others, bought stakes in the transaction.
Hedge with insurance stocks: HDFC Life, SBI Life, & ICICI Prudential may offer 16-20% returns
Asit C. Mehta brokerage firm has initiated coverage on the life insurance industry, highlighting its strong growth potential despite recent regulatory challenges and shifting consumer