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"The Board approved entering into a definitive Share Purchase Agreement (SPA) for the acquisition of 2,35,01,440 fully paid-up equity shares of Rs 21- each, constituting about 33.38% of the paid-up equity share capital of Unichem Laboratories, a listed entity, from one of its promoter shareholders at a price of Rs 440/- per equity share aggregating to Rs 1034.06 crore," Ipca said in an exchange filing.

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"Along with the markets expected to return to better conditions, SBI Securities is adding more investment avenues to increase its bouquet of products while focusing on client activation, leading to a projected 25% increase in profitability in the coming year,” the company’s MD and CEO Deepak Kumar Lalla said.

ETMarkets suggests that investors looking to invest in hybrid mutual fund schemes may consider the following five funds: Quant Multi Asset Fund Direct-Growth, Quant Absolute Fund Direct-Growth, JM Equity Hybrid Fund Direct-Growth, Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth, and ICICI Prudential Equity & Debt Fund Direct-Growth. These funds have given nearly 30% returns over the past three years, with a minimum investment amount ranging from Rs 1,000 to Rs 5,000, and have different expense ratios and SIP investment amounts.

India VIX was up by 0.32% from 11.63 to 11.66 levels. Volatility spiked above 12 zones but later sunk and has overall dried up to consistently hover at its lower zones.

A stock split is done to increase the liquidity of the stock in the market. On the ex-split date, investors holding the stock until the record date will receive the new shares in Demat accounts, and the stock price will be adjusted according to the split ratio.

India has about Rs 50,000 crore ($12bn) of unclaimed assets, including unclaimed shares and dividends, from small savings funds, insurance, and Rs 35,012 crore from different banks, according to Harsh Roongta. A deposit, deemed unclaimed after 10 years is transferred to the Reserve Bank of India’s Depositors Education and Awareness Fund. Roongta highlighted that each bank has its own database, making it challenging for people to search for their unclaimed deposits.

The market capitalisation of all listed companies on the BSE increased by Rs 1,36,207 crore to Rs 266.33 lakh crore.

Despite mixed global cues, Led by index heavyweight Indian indices ended Monday’s session on a positive note. Nifty ended over 0.6% higher at 17,743. Meanwhile, Bank Nifty was resilient and gained over 1%.

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