NDTV Profit

Corporation Bank to Buy Stake in LIC Nomura Mutual Fund

Corporation Bank on Wednesday said it will buy a 4 per cent stake in LIC Nomura Mutual Fund Asset Management Company from existing shareholders for Rs 5.67 crore.
EMAIL
COMMENTS
Corporation Bank to Buy Stake in LIC Nomura Mutual Fund
New Delhi: Corporation Bank on Wednesday said it will buy a 4 per cent stake in LIC Nomura Mutual Fund Asset Management Company from existing shareholders for Rs 5.67 crore.

The bank is going to acquire 4 per cent shareholding from the existing shareholder namely Nomura Asset Management Strategic Investments PTE Limited of LIC Nomura Mutual Fund Asset Management Company Ltd, Corporation Bank said in a regulatory filing.

The stake buy will be at a price of over Rs 5.67 crore as per the valuation derived, it added.

Shares in Corporation Bank, on Wednesday, ended 0.82 per cent lower at Rs 42.30 apiece on the BSE, whose benchmark Sensex index finished down 0.68 per cent lower.

For latest news on Business, like us on Facebook and follow us on Twitter.
ALSO READ DLF's Net Debt Up By Rs 700 Crore In January-March At Rs 25,096 Crore

Advertisement

Advertisement

GAINERS / LOSERS

Advertisement

Advertisement