Mangal Electrical Industries’ shareholder lock-in is expected to end soon. This could see nearly ten lakh shares become available for trading. The company manufactures components for transformers. Its shares have seen a decline since its market debut. Anchor investors include Abakkus Diversified Alpha Fund and Societe Generale. The company reported a profit fall in its September quarter results. Source link
The government plans to introduce a bill in the upcoming Winter session to raise FDI in the insurance sector to 100%, aiming to deepen penetration and boost growth. Amendments to the Insurance Act, 1938, LIC Act 1956, and IRDA Act 1999 are also proposed to strengthen financial security and encourage market entry. Source link