Business Standard

Sintex Ind gains on LIC stake buy

LIC has bought 1,000,000 shares representing 0.37% stake in the company via open market purchase on June 14

Related News

Sintex Industries is trading higher by 5% at Rs 60.80, extending its previous day around 1% gain, after the company said that the public sector insurance giant Life Insurance Corporation of India (LIC) has acquired shares worth of Rs 6 crore through open market transaction.

has bought 1,000,000 shares representing 0.37% stake in the company via open market purchase on June 14,” Sintex Industries said in a filing.

After these acquisitions, the total holding of LIC increased to 5.25% from 4.88% earlier, it added.

The stock opened at Rs 58.20 and touched high of Rs 61.10 on the Bombay Stock Exchange. A combined 3.24 million shares have changed hands on the counter so far on both the exchanges.

Read more on:   
|
|

Read More

Sensex zooms 439 pts on GAAR relief, EU deal

The stock markets surged over two per cent on Friday on heavy buying from foreign investors after the government soothed their nerves by proposing ...

Quick Links

 

Market News

Raising the output key to Cairn India's prospects

With crude oil prices benign, increasing oil and gas production is crucial to drive growth

Biocon sees muted quarter, lacks immediate triggers

Reduced exports to West Asia & North Africa, capacity constraints affect sales

Exchanges plan stake sales in depository arms

NSE in talks with investors for offloading stake, BSE considering an IPO; to do so before April

Many listed firms had same auditors for over 10 yrs: IIAS

Proxy advisory body Institutional Investor Advisory Services India (IIAS) has called for periodic rotation of auditors and capping their tenure ...

Freeing diesel : Profound effect across many industries

The decontrol of diesel over the weekend will have a profound effect on the oil industry value chain. It could significantly reduce the fiscal ...

Back to Top