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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.
ACME Solar Shares Jump After Raising Rs 2800 crore through QIP; Seen 65% Surge In Six Months
Key investors who have participated in the QIP included Nippon India Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, and SBI Life Insurance, among others.
Stock Market News Today Live Updates: Nifty Above 23,500, Sensex Up 300 Points; Nifty Bank Gains Ahead Of RBI MPC Decision
Nifty Media rose 1.59%, leading gains among sectoral indices. Nifty Metal was the only sectoral index in the red, down 0.56%.
Gold price dips ₹10 to ₹1,56,100; silver falls ₹100, trading at ₹2,79,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,43,090
AI Isn’t Replacing Credit Hedge Fund Traders Yet, Barclays Says
Hedge funds and asset managers are increasingly using artificial intelligence when investing in global credit markets, but the technology isn’t replacing human traders — at least for now, according to a survey by Barclays Plc.
Ola Electric QIP Fetches Rs 780 Crore As EV Maker's Issue Gets 56% Oversubscription
Mirae Asset received the highest allocation of 15.38% through multiple allocations followed by Motilal Oswal which received 9.61%.
HDFC MF Halts Gold ETF Investments Exceeding Rs 25 Crore; Limits FoF To Rs 10 Lakh
The move is aimed at managing inflows into the gold-linked investment products amid heightened interest in the asset class.
Ceigall India arm inks pact to monetise highway asset for Rs 177-cr
Ceigall India announced that its wholly owned subsidiary, Ceigall Infra Projects has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways (CMASH) to Neo Infra Income Opportunity Fund.
India's Crude steel production up around 3% in May 2026
India's steel sector sustained its growth trajectory in May 2026, recording year-on-year gains across key production and consumption indicators. Crude steel production reached 14.21 million tonnes in May 2026, up 2.9% year-on-year (YoY). Hot metal production grew 2.0% YoY, while pig iron output (0.77 million tonnes) posted a growth of 1.1% YoY. Finished steel production reached 13.94 million tonnes in May 2026, up 7.7% YoY. Finished steel consumption in May 2026 was 14.33 million tonnes, registering growth of 9.0% YoY.
Hindustan Zinc Ltd eases for fifth straight session
Hindustan Zinc Ltd is quoting at Rs 603.05, down 1.23% on the day as on 13:19 IST on the NSE. The stock jumped 22.67% in last one year as compared to a 5.65% slide in NIFTY and a 45.58% spurt in the Nifty Metal index.