ICRA Ltd clocked volume of 33959 shares by 14:14 IST on NSE, a 7.1 times surge over two-week average daily volume of 4784 shares
Nippon Life India Asset Management Ltd, Steel Authority of India Ltd, Procter & Gamble Health Ltd, Gujarat Alkalies & Chemicals Ltd are among the other stocks to see a surge in volumes on NSE today, 15 January 2021.
ICRA Ltd clocked volume of 33959 shares by 14:14 IST on NSE, a 7.1 times surge over two-week average daily volume of 4784 shares. The stock gained 0.09% to Rs.2,850.00. Volumes stood at 1957 shares in the last session.
Nippon Life India Asset Management Ltd notched up volume of 56.79 lakh shares by 14:14 IST on NSE, a 4.45 fold spurt over two-week average daily volume of 12.77 lakh shares. The stock rose 5.34% to Rs.329.50. Volumes stood at 11.66 lakh shares in the last session.
Top institutional investor LIC buys stake in Nippon Life AMC
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Shareholder data as of December show Life Insurance Corporation (LIC) holds 90,62,231 shares, or a 1.48 per cent stake, in the company.
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It could not be ascertained if LIC held any shares in the firm earlier.
NEW DELHI: Life Insurance Corporation (LIC), India’s largest domestic institutional investor, emerged a major minority shareholder in Nippon Life India Asset Management, the company that runs Nippon India Mutual Fund.
Life Insurance Corporation of India holds 90,62,231 shares or 1.48 per cent in the company, according to shareholder data as of December. The stake is valued at Rs 283 crore at the current market price.
Jain Housing to prune debt
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Construction sector may bounce back soon, says joint MD
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Kolkata, India - May 15, 2016: Construction workers and Engineers working for the construction of a high rise building in Kolkata with the famous Howrah Bridge in the background
Construction sector may bounce back soon, says joint MD
Chennai-based Jain Housing and Constructions Ltd. will reduce its debt to the minimum in the next two years and enter tier-II cities, said its joint managing director Sreyansh Mehta.
“Currently, at the group level, we have a debt of ₹470 crore to ₹500 crore and we would like to reduce it to as much as possible in the next two years,” he said in an interview. Towards this, the company had raised ₹175 crore from two international financial institutions viz. Nippon Life India Asset Management Ltd. of Japan and Apollo Global Management of the U.S.