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Peak XV sells stake in Go Digit to JP Morgan, Aditya Birla MF for ₹100 cr
JP Morgan and Aditya Birla Sun Life Mutual Fund have collectively acquired over 33.3 lakh shares of Go Digit General Insurance from Peak XV Partners for Rs 100 crore through open market transactions. Following the transaction, shares of Go Digit General Insurance on Friday rose 5 per cent to Rs 318 apiece on the National Stock Exchange (NSE). US-based JP Morgan through its affiliate JP Morgan (Taiwan) Eastern Technology Fund and Aditya Birla Sun Life Mutual Fund purchased 33,33,500 shares representing nearly a 0.4 per cent stake in Bengaluru-based Go Digit General Insurance, according to the block deal data executed on Thursday on the exchange. The shares were acquired at an average price of Rs 300 apiece, taking the combined deal value to Rs 100 crore. Meanwhile, venture capital firm Peak XV Partners through its arm Peak XV Partners Growth Investments III offloaded the same number of shares in the transaction, as per the data. The stake sale comes after Peak XV Partners fully exi
Go Digit Insurance shares jump 9% after Rs 100 crore block deal attracts MFs, global investor
Go Digit General Insurance shares saw a significant jump. This surge followed a Rs 100-crore block deal. Aditya Birla Sun Life Mutual Fund and JPMorgan Taiwan Eastern Technology Fund acquired shares. Peak XV Partners Growth Investments III was the seller.
Go Digit shares climb 10% as institutional investors pick up stake
According to NSE, Aditya Birla Sunlife Mutual Fund has purchased 2.1 million shares of Digit General Insurance, while JPMorgan (Taiwan) Eastern Technology Fund also acquired 1.1 million shares.
Trade Setup For June 5: Nifty's Next Hurdle At 23,500 Level As Oil Cools, US-Iran Truce Talks Progress
Nifty on the charts for Friday.
Trade Setup for June 5: Nifty sets sights on RBI policy for next directional move; 23,500 remains key
Investors will closely track the outcome of the RBI Monetary Policy Committee meeting on Friday, which is expected to provide guidance on interest rates, inflation, growth prospects and currency stability.
Dividend Alert: This Aditya Birla NBFC Arm Declares Rs 9/Share Payout; Check Details
The proposed dividend is subject to approval by shareholders at the company's upcoming Annual General Meeting (AGM).
Sun Pharmaceutical Industries Ltd drops for fifth straight session
Sun Pharmaceutical Industries Ltd is quoting at Rs 1774.1, down 0.81% on the day as on 13:19 IST on the NSE. The stock jumped 5.41% in last one year as compared to a 5.65% slide in NIFTY and a 11.71% spurt in the Nifty Pharma index.
India insurance market to grow 10.7% annually over next decade, fastest among major markets, says Allianz
India's insurance market is set for rapid expansion, becoming the world's fastest-growing. Projections show significant annual growth over the next decade. This surge is fueled by a large underinsured population and evolving demographics. Key segments like health, life, and property and casualty insurance will see substantial increases. Government initiatives aim to boost access and stability.
Vodafone Idea shares rally 7% to fresh 52-week high despite market crash. What's behind the surge?
Vodafone Idea shares surged nearly 7% to a new 52-week high after ICRA upgraded the telecom operator’s rating and revised its outlook. Investor sentiment was further boosted by lower AGR dues, promoter support from the Aditya Birla Group and Citi removing its ‘High Risk’ tag while maintaining a bullish outlook.
Aditya Birla Group Emerges Front Runner To Buy Shell's Sprng Energy For $1.7 Billion
As part of the process, the Aditya Birla Group will conduct due diligence over the next three to four weeks before deciding on a final agreement.
HDFC Life Insurance Company Ltd slips for fifth straight session
HDFC Life Insurance Company Ltd is quoting at Rs 581.05, down 0.94% on the day as on 13:19 IST on the NSE. The stock tumbled 23.33% in last one year as compared to a 4.38% slide in NIFTY and a 5.12% fall in the Nifty Financial Services index.
Aditya Birla Group seen as front-runner in $1.7-billion-plus deal for Shell’s Sprng Energy: report
Aditya Birla Group has emerged as front runner to buy Shells Indian renewable platform Sprng Energy for over $1.7 billion, edging KKR, though talks remain ongoing and non-binding.