Shares of Life Insurance Corporation of India (LIC) gained by a percent to Rs 927 apiece on November 28 following reports indicating that the insurer is exploring a significant foray into the health insurance segment. LIC is reportedly in advanced discussions to acquire a substantial stake in ManipalCigna Health Insurance, with sources suggesting it may aim for a 50 percent stake in the company.Ma...

Aster DM Healthcare stock witnessed strong buying action on November 27, surging as much as 5 percent in early trade after the company announced plans to acquire the remaining 13 percent stake in Kolhapur-based Aster Aadhar Hospital.With this acquisition, Aster DM Healthcare will increase its stake in the target company to 100 percent, up from the 87 percent it previously held. The transaction wil...

Shares of GE Vernova T&D India were locked in the 5 percent lower circuit on Tuesday as its promoter, Grid Equipments Private Ltd, announced plans to divest up to 8.38 percent of the company’s paid-up equity share capital.The stock dropped to Rs 1,823.50 apiece on the National Stock Exchange (NSE), its lower price band for the day. The promoter has set a floor price of Rs 1,550 per share for the...

As much as 2.5 crore shares, representing a 9.5 percent stake in PNB Housing Finance were sold in a block deal on November 13, with Quality Investment Holdings being the likely seller. The deal, which saw shares being sold at a floor price of Rs 943 apiece, was worth a total of Rs 2,300 crore.The block deal triggered a fall in shares of PNB Housing Finance as the stock plunged 7 percent to a low o...

Shares of Hindustan Zinc took a beating and plummeted over 8 percent on November 6 as the government announced offloading a 2.5 percent stake in the company through an offer-for-sale.The government's long-awaited plan for an OFS to pare stake in Hind Zinc will be executed at a floor price of Rs 505, marking a sharp discount of nearly 10 percent from the previous closing level.At 10.04 am, shares o...