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ICICI Prudential Life set for stock market debut tomorrow

ICICI Prudential Life Insurance, which recently concluded its Rs 6,057-crore IPO, will make its stock market debut on Thursday, becoming the first insurer to list.

 
 
Shares of Marksans Pharma surged over 12 per cent, bucking the negative market trend, after the pharma company received approval from the US health regulator.
"Morepen has mandated Deloitte Touche Tohmatsu to run a formal process and negotiations are at an advanced stage," said a report in Economic Times, quoting sources.
Stock of L&T Technology Services on Friday made a decent debut on the bourses and gained 7 per cent on the NSE against its issue price of Rs 860.
Shares of Heritage Foods jumped over 8 per cent to hit its record high following news report that the Future Group is in talks to buy Heritage Foods' retail division.
 
 
ICICI Prudential Life Insurance's IPO, the first by an insurer in India, was subscribed 16 per cent on the first day of the offer on Monday.
Shares of state-run oil refiners such as BPCL, HPCL and IOC rallied about 2 per cent after petrol prices were increased for the second time in a month.
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