ICICI Pru AMC

Anand Rathi Share

Anand Rathi Share and Stock Brokers has registered a tremendous increase in its profits in the March quarter. The consolidated net profit of the company increased by 126 percent compared to last year and increased to Rs 41.5 crore. This increase was due to strong growth in non-broking business and higher margins. According to the company’s earnings release, the revenue from operations in this quarter was Rs 256 crore, which is 28 percent more than last year.

ICICI Pru Life

ICICI Pru Life has also registered a huge increase in its profits in the March quarter. Profit after tax (PAT) increased by 58 percent to Rs 609 crore. In the same quarter of last year, this figure was Rs 386 crore. Profit for the full year increased by 35 percent to Rs 1600 crore, which also included the profit from selling its stake in ICICI Pension Fund Management Company. Net premium income increased by 17 percent to Rs 19,180 crore. The one-time premium has increased by 46 percent, while the renewal premium has increased by about 6 percent.

HAL

America’s big defense company GE Aerospace on Tuesday informed about manufacturing F414 jet engine in collaboration with Hindustan Aeronautics Limited (HAL). Talks are underway between the two companies to finalize a collaboration for its co-production. About three years ago, GE Aerospace had signed an agreement with HAL for co-production of F-414 fighter jet engines in India. Since then, both sides have been engaged in talks to finalize various aspects of the program.

Vedanta

At least nine people were killed and 15 injured in an explosion in the boiler unit of a power plant run by Vedanta in Chhattisgarh on Tuesday. This incident took place in Sinhitarai, about 230 kilometers from Raipur. Due to this accident, there may be movement in Vedanta shares today.

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LIC Bonus Share: Shares of the country’s insurance sector giant Life Insurance Corporation of India (LIC) will be in focus tomorrow on April 13. The company is going to give bonus shares to its shareholders. In the information given to the stock market on April 7, LIC had said that the meeting of the company’s board of directors is going to be held on April 13.

In this meeting, the proposal to issue bonus shares to the shareholders will be considered. That means it will be finalized tomorrow as to whom the bonus shares will be given and in what proportion. If this is approved by the board, then the existing shareholders of the company will get some free shares for every share they already hold. This will increase the number of shares held by him. However, the price will reduce in the same proportion.

Who will get the benefit of bonus shares?

The benefit of bonus shares will be available only to those shareholders who hold LIC shares before the record date. At present, the record date has not been announced. The record date for issuing bonus shares can be fixed only after tomorrow’s meeting. However, after the recommendation of the board, it will also be necessary to take approval from the shareholders to implement this proposal. This is being considered a historic step for LIC because the company is going to give bonus shares for the first time after its listing in the stock market in 2022.

Trading window closed for now

Stock exchanges have been informed that the trading window for trading in equity shares is currently closed and will remain closed till 48 hours after the announcement of results for the quarter and financial year ending March 31, 2026. Before the decision on the bonus issue is taken from April 13, the company has kept the trading window closed for its employees and board members so that no one can take advantage of the inside information. SEBI also rules that people associated with the company are not allowed to trade in the shares of the company for some time before and after such important announcements.

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