The company had earlier sought shareholders approval by way of special resolution through a postal ballot for changing the company's name
Fund house holds on to its position in retail segment and beyond top-30 cities
With this transaction, Japan-based Nippon Life's gross investments in RNam is now over Rs 7,800 crore
The stock hit a 52-week high of Rs 260 today. It has rallied 38 per cent in the past three months, as compared to a 1 per cent rise in the S&P BSE Sensex.
The pledging was done in favour of IDBI Trusteeship and Axis Trustee Services, who were acting on behalf of some of the creditors.
Total investment of ESIC stood at Rs 593.82 billion at the end of March 2018
The stock listed at Rs 296, a 17% premium against its issue price of Rs 252 on the NSE. It was listed at Rs 294 on the BSE.