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Market News

Bank of Maharashtra stock in focus after LIC raises stake via QIP

Bank of Maharashtra stock in focus after LIC raises stake via QIP

In an October 5, 2024, exchange filing, the Life Insurance Corporation of India (LIC) revealed a substantial increase in its ownership of Bank of Maharashtra, from 4.05% to 7.10%. This rise is in response to the Qualified Institutional Placement (QIP) allocation of 25.96 crore equity shares at a price of ₹57.36 per share. To improve […]

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LIC increases its investment in Apollo Tyres and Bank of Maharashtra

LIC increases its investment in Apollo Tyres and Bank of Maharashtra

The Life Insurance Corporation of India (LIC) has boosted its interests in the Bank of Maharashtra and Apollo Tyres, which are expected to ignite investor interest in both firms on October 7. The statements, which revealed LIC’s expanding participation in these important industries, were made through regulatory filings. On October 4, the share price of

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NBCC stock up over 4% as stock trades ex-bonus today

NBCC stock up over 4% as stock trades ex-bonus today

On Monday, October 7, NBCC’s stock increased by more than 4%, since the scrip became ex-bonus today. The company’s board meeting on August 31, 2024, approved the issuance of bonus shares in a 1:2 ratio. NBCC’s board approved the issuing of one fully paid-up equity share for every two existing shares, subject to shareholder approval

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Jio Financial Services' stock price increases by 3% following the approval of its MF venture

Jio Financial Services’ stock price increases by 3% following the approval of its MF venture

On Monday morning, the price of Jio Financial Services’ shares increased by over 3%. The business declared that it has obtained SEBI’s in-principle approval to do mutual fund business with BlackRock. On Monday, the share price of Jio Financial Services opened at ₹346.90 on the BSE, over 2.4% higher than its previous closing. Following that,

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Senco Gold shares surge 10% due to a stock split and fundraising plans

Senco Gold shares surge 10% due to a stock split and fundraising plans

Senco Gold’s stock price surged by 10% to reach a 52-week high during Monday’s trading session, following the announcement on Friday by the company’s board on the division of equity shares. The board also approved the Qualified Institutional Placement (QIP) and other authorised means of funding up to ₹500 crore. Senco plans to divide one

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