With this acquisition, M & M's stake in M.I.T.R.A is now 100%.
The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.
Swiss Central Bank to offer $100 billion credit line to UBS, as part of the deal.
Amidst volatile trading, S&P 500 futures climbed 0.7%.
Sensex added nearly 600 points in early morning trade tracking a rebound in global equities.
Big US banks to deposit $ 30 billion in First Republic Bank to support it.
Nifty metal pack is trading ~3% lower.
Loan repayment part of deleveraging process.