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Maruti Suzuki will be recalling over 180,000 cars due to potential electrical defects in what would be one of the largest ever product recalls in terms of volume in the Indian passenger vehicle market.

In an order passed late on Thursday, Sebi said the findings in the order are "prima facie" and that a detailed investigation in the matter is in progress.

Worldone will buy out all the Equity Shares and Redeemable Preference Shares of JPL held by JSPL for a total consideration of approximately Rs 7,401 crore, the source informed.

"Exide Life is very strong in its agency channel as well as in some of the partnerships. Hence, that is complementary to our business. It is also present in tier II and III towns and has a fairly strong hold in some regions in the south.

“Residential real estate is in for a strong recovery as residential focused real estate players with good corporate governance and good balance sheets should be a big beneficiary. Second, all the ancillary companies -- tile manufacturers, consumer durable producers, wires and cables makers would also ride that demand. ”

The Nifty Bank index closed 0.19 per cent down at 36761.15.

On the Multi Commodity Exchange, zinc contracts for the September delivery rose 95 paise, or 0.39 per cent, to Rs 244.90 per kg in 1,040 lots.

Investec Securities says that investment in the non-related life insurance business was one of the major sticking points with investors in relation to Exide Industries.

On the technical charts, the 200-day moving average of the stock stood at Rs 1025.85.

Promoters held 38.41 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 37.74 per cent and 11.35 per cent, respectively.