Breaking News

You are here » Indian-Commodity  :  Top News  :  ICICI Prudential hikes stake in Gujarat Industries Power Company

12-Sep2016

ICICI Prudential hikes stake in Gujarat Industries Power Company

ICICI Prudential Fund has bought 11.55 lakh shares or 0.76 per cent stake in Gujarat Industries Power Company for its various schemes. The fund house has acquired the stake on September 7. Following the acquisition, the fund house' holding in the company rose to 5.75 per cent.

GIPCL is a Vadodara-based public limited company engaged in the business of power generation with an installed capacity of 815 MW as on March 31, 2015. The company operates two gas based power plants in Vadodara, VS-I and VS-II aggregating 310 MW and two lignite-based power plants in Surat, SLPP-I and SLPP-II aggregating 500 MW.


Related News

View all news

Gold futures edge higher on Monday

Gold futures edged higher on Monday, despite a firm dollar followed by reports of better than expected economic growth of US. However, investments were almost muted after the long Easter weekend.Gold futures......

Physical rubber prices ruled steady on Saturday

Physical Rubber prices ruled steady on Saturday. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 128/ kg and Rs 125/ kg respectively.In the futures market, May delivery gained to Rs 129.89......

Jeera futures trade lower on easing demand

Jeera futures traded lower on NCDEX on account of easing demand from retailers and industrial buyers at the spot market. Further, ample stocks position following higher supplies from the producing belts......

Top News

View all news

Bank of Baroda's board to consider issuance of equity shares of Rs 5,042 crore to Govt

Bank of Baroda's board is going to consider issuance of equity shares of Rs 5,042 crore to Government of India on a Preferential Basis. The meeting of the Board of Directors of the Bank is scheduled to......

Gujarat Petrosynthese to invest surplus funds in mutual funds, bonds, securities, shares

Gujarat Petrosynthese has received an approval to invest surplus funds in mutual funds, bonds, securities, shares, inter corporate deposits etc. to optimize its returns. The Board of Directors of the Company......

Reliance's Retail Unit delivers record-breaking performance in revenue, profits during FY19

Reliance Industries' Retail Unit--Reliance Retail has delivered a record-breaking performance in revenue and profits growth for the year 2018-19. Segment Revenue for FY19 grew by 88.7% Y-o-Y to Rs 130,566......