The company expects to close and announce the acquisition no later than March 31. LIC's stake in the acquired health insurance company will not be majority.
The pharma company caters to various international markets, reinforcing its position as a key player in the pharmaceutical industry.
Additionally, financial impact is limited to the demand amount and shall have no material impact on its overall operations.
Here are some of the stocks that may see significant price movement today: Biocon, NTPC Green Energy, LIC, etc.
Patanjali Foods reported a net profit of ₹309 crore for Q2 FY25, showing a 21.4% year-on-year growth compared to ₹254.5 crore in Q2 FY24.
In Q2 FY25, LTIMindtree recorded a consolidated net profit of ₹1,251 Crore, up 7.7% from ₹1,161.8 Crore last year.
It was followed by Adani Ports, where the LIC's investment value fell by ₹2,959 Crore. The stock fell by ₹174.35 per share, or 13.53%
Here are some of the stocks that may see significant price movement today: Adani Group, Nippon Life India AMC, Tata Power, etc.
LIC's ownership of NSE-listed companies dropped from 3.64% in the previous quarter to an all-time low of 3.59%.
Additionally, it reduced its stake in Aurobindo Pharma from 5.01% to 2.265% between November 2021 and September 2024.
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