ICICI Prudential Mutual Fund

These fund houses show courage to launch NFOs while market is going bonkers; should you invest?

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These fund houses show courage to launch NFOs while market is going bonkers; should you invest?

While benchmark indices, the Nifty50 and the Sensex 30, witnessed a steep fall of around three per cent in a single trading session on Monday, several mutual fund houses, including HDFC Mutual Fund and ICICI Prudential Mutual Fund are set to launch their schemes. Here, we list out some of the mutual fund schemes that … Read more

Bulk deals: Lakumi Trust and Nicomac Machinery divest 4.9% stake in Gland Pharma for ₹1,411 crore

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Bulk deals: Lakumi Trust and Nicomac Machinery divest 4.9% stake in Gland Pharma for ₹1,411 crore

Lakumi Trust and Nicomac Machinery Pvt Ltd jointly offloaded a 4.9 percent stake in Gland Pharma for ₹1,411 crore via open market transactions on Tuesday. This divestiture entailed the sale of 81.20 lakh shares of Gland Pharma through separate bulk deals on the National Stock Exchange (NSE). As per NSE data, Lakumi Trust divested 61.65 … Read more