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Jio Financial, NCC and Highway Infrastructure draw investor focus Oct. 1
Jio Financial Services and Allianz Europe each invested ₹320.1 crore to expand their 50-50 general insurance joint venture, while NCC said it won ₹500.2 crore in additional orders.
LiveMint Markets said Indian market participants are likely to track Jio Financial Services, NCC, Highway Infrastructure, Interarch Building Solutions, and ideaForge Technology on Thursday, October 01, after a range of business updates including rights issues, order wins, and contract or project progress.
Jio Financial Services and Allianz Europe B.V. each invested ₹320.1 crore in Jio Allianz General Insurance, a 50:50 joint venture. The partners subscribed to and were allotted 32,005,000 equity shares of ₹10 each for cash at par via a rights issue, and LiveMint Markets said the JV will use the funds to support operations.
NCC, according to LiveMint Markets, secured two additional orders worth ₹500.2 crore, excluding GST, during September 2. The preview also noted Highway Infrastructure is among the stocks in focus, citing a toll plaza contract, along with other companies that may attract attention after recent corporate announcements.