stake acquisition

LIC shares surge over 2% on discussions to acquire 50% stake in ManipalCigna Health

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LIC shares surge over 2% on discussions to acquire 50% stake in ManipalCigna Health

Shares of the state-owned insurer Life Insurance Corporation of India (LIC) jumped 2.4% to Rs 938.45 on the BSE as the company eyes an acquisition of as much as 50% stake in ManipalCigna Health Insurance, seeking an entry into the market for medical expenses coverage. ManipalCigna is a joint venture between Manipal Education & Medical … Read more

Jyoti Structures shares surge 10% after big shark Ashish Kacholia buys 2.52% stake

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Jyoti Structures shares surge 10% after big shark Ashish Kacholia buys 2.52% stake

Shares of Jyoti Structures surged 10% to a day’s high of Rs 29.3 in Tuesday’s trade on the BSE after ace investor Ashish Kacholia acquired a 2.52% stake in the small-cap firm. Meanwhile, by 10:13 am, the stock was trading 7.7% higher at Rs 28.8. Jyoti Structures’ shares have also risen by 91% over the … Read more