Common Contracts
1 similar Subscription Agreement contracts
17th Sep, 2016Subscription Agreement • September 17th, 2016
Incorporated in 2001, IPLCL is a JV between ICICI Bank (67.52%) and Prudential Corporation Holdings Limited (PCHL) (25.83%). PCHL is part of the Prudential Group that has GBP 509 bn of AUM. Other key investors include Azim Hasham Premji for M/s. Hasham Traders and Compassvale Investments Pte. Ltd. with a shareholding of 4.0% and 2.0% respectively. Today it is the largest private sector insurance player and the second largest overall, behind LIC, in terms of premium. Its market share in the industry is 11.3% and 21.9% amongst private players. In the last four fiscal’s, its Retail Weighted Received Premium (RWRP) has witnessed a CAGR of 15.2 percent which is one of the highest in industry with assets under management ~Rs. 1 lakh crore in FY16. It has Multi-tiered investment management structure with clearly defined roles and responsibilities. 94.2% of linked funds have performed better than their respective benchmarks since inception. 95.1% of debt portfolio comprised domestic AAA-rated
