The Hindu Business Line : Tata AIG Life hikes capital by Rs 60 cr

TATA AIG Life Insurance Company has announced a hike in its share capital by an additional Rs 60 crore, taking the total capital base to Rs 381 crore.

According to a press release, Mr Farrokh Kavarana, Chairman, Tata AIG Life, said, "This additional capital will further strengthen the company's solvency requirements and ensure we meet the capital adequacy norms required for growth plans."

Tata AIG Life reported a total premium income of Rs 497 crore for the financial year 2004-05.

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

Stories in this Section
Minimum capital for pension fund managers may be fixed at Rs 25 cr

Will RBI ploy effectively curb RNBCs?

Rupee firms up; securities weak

Canara Bank engages i-flex, IBM

Tata AIG Life hikes capital by Rs 60 cr

IRDA relaxes norms for flood loss survey

Mumbai floods: Insurers getting carried away?

Need to deepen debt market stressed

UTI Bank, Visa launch mobile recharge facility

BoI ties up with Nabard arm to fund projects

SBI's community service to focus on healthcare, education

RBI to raise Rs 8,000 cr

SBI opens small enterprises credit cell at Coimbatore

SBI staff union protest

RBI favours mergers to strengthen urban co-op banks