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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.
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).
Gold and silver prices jump in India: Here's what's pushing them higher
Gold prices rise on MCX and COMEX as safe haven demand grows, analysts see strong central bank buying and forecast record highs amid global uncertainty.
ET Alpha Wealth Summit: A 12% return is a really good job in markets, says HSBC MF CEO Kailash Kulkarni
HSBC Mutual Fund CEO Kailash Kulkarni urged investors to keep return expectations realistic, saying a 12% annual return is a strong outcome in equity markets. Speaking at the ET Alpha Wealth Summit, he highlighted export-led manufacturing as a key long-term opportunity and said AI could empower retail investors through better access to information.
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.
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.
Gold, silver decline on MCX: Why India prices are under pressure
Gold and silver prices in India drop sharply as global bullion weakens, oil surges and geopolitical tensions rise, investors eye gold ETFs and funds.
MCX launches Silver 100 futures: How investors can trade the metal with lower capital
Multi Commodity Exchange of India launches Silver 100 futures, offering 100 gram contracts to help retail investors and small jewellers hedge silver price risk.
India Inc deepens AI adoption to stay ahead of legal curve
Major Indian corporations are swiftly integrating artificial intelligence into their legal departments. This approach is enhancing the efficiency of contract assessments, monitoring compliance and automating routine legal tasks. Firms such as the Aditya Birla Group and Adani Group are harnessing AI technologies to reduce legal expenditures and optimise operations.