• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , May 10

OM Kotak Mahindra Life Insurance has increased its share capital by Rs 30.25 crore to Rs 233.66 crore.

Post the allotment of the additional rights shares, the percentage of shareholding pattern of the company remains the same, said a press release.

"As the company underwrites more risk, prudent capital adequacy norms require us to add more capital. Our business is growing at an exponential rate, and we are very happy that our promoters are supporting us with additional funds to meet our growing business demands," said a press release quoting Mr Shivaji Dam, Managing Director, OM Kotak.

More Stories on : Life Insurance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Pandyan Grama Bank to set up separate micro-credit cell

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line