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GPN proposes to increase its equity shares of FGLIC, in tranches, according to which GPN’s aggregate shareholding in FGLIC will stand increased from 49% to up to approximately 71%.

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Consumer Durables stocks were trading in red, with the S&P BSE Consumer Durables index decreasing 1885.68 points or 4.3% at 42011.73 at 13:51 IST.

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Real Estate stocks were trading in the negative zone, with the S&P BSE Realty Index index falling 246.68 points or 6.33% at 3650.15 at 13:51 IST.

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Metal stocks were trading in red, with the S&P BSE Metal index decreasing 916.84 points or 4.62% at 18910.93 at 13:51 IST.

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Provisions for the quarter ending December 2021 decreased to Rs 375 crore against Rs 2,089 crore for the previous corresponding quarter, down by 82.1% YoY.

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Further, before the proposed combination, GSKAPL will acquire the trademarks about “Iodex†and “Ostocalcium†brands in India .

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