According to a press release issued on Thursday, Florintree has acquired a 45% share in the Bengaluru-based company with interests in nuclear power and aerospace from the current private equity investor and the remaining portion through primary investment.
The benchmark indices traded with decent gains in the morning trade. The Nifty traded below the 16,000 level. Consumer durables, realty and auto shares were in demand while Metal, banks and IT stocks were under pressure. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 112.17 points or 0.21% to 53,528.32. The Nifty 50 index gained 39.10 points or 0.25% to 15,977.75 […]
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