Market Movers: ICICI Pru AMC, Ola Electric Surge; Shriram Finance Gets Big Investment.

Business
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Moneycontrol•19-12-2025, 16:10
Market Movers: ICICI Pru AMC, Ola Electric Surge; Shriram Finance Gets Big Investment.
- •ICICI Pru AMC shares surged 20% on listing after its ₹10,602 crore IPO was subscribed 39 times, making IPO investors profitable.
- •Ola Electric hit upper circuit (+10%) as promoter Bhavish Aggarwal sold shares to repay ₹260 crore debt and release pledged holdings.
- •Shriram Finance jumped over 5% after Japanese giant MUFG announced a ₹39,620 crore plan to acquire a 20% stake.
- •BLS International gained after Delhi High Court overturned a Ministry of External Affairs ban, while Gujarat Ambuja Exports rose on new plant production.
- •Chola Finance fell due to MUFG's Shriram Finance investment; Shree Digvijay Cement, Bhagiradha Chemicals, and ICICI Bank also saw declines.
Why It Matters: Major stocks saw significant movements driven by IPOs, strategic investments, debt repayment, and court rulings.
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