Nippon Life India AMC stock hits an all-time high as mutual fund firm is set to strike block deal with IndusInd Bank

IndusInd Bank can sell its entire 2.86 per cent stake in Nippon India Life AMC.  

Nippon Life India AMC stock hits an all-time high as mutual fund firm is set to strike block deal with IndusInd Bank
Nippon Life India AMC shares hit an all-time high of Rs 486.80 in morning deals on Wednesday. Photo: File/Representational

Nippon Life AMC Share Price: Nippon Life India AMC shares hit an all-time high of Rs 486.80 each in morning deals on Wednesday (December 20, 2023) as the asset management company is set to strike a block deal with IndusInd Bank.

The Nippon AMC stock was trading higher by 7.16 per cent, or Rs 32.20, at Rs 482.00 at 9:45 am on Wednesday. 

IndusInd Bank can sell its entire 2.86 per cent stake in the company.

The spurt in volume for Nippon India Life shares was more than 363.63 times, as per BSE.

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Written By: ZeeBiz WebTeam
Updated: Wed, Dec 20, 2023
10:00 AM IST
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