Nippon Life AMC Shares Fall 9%, Down 19% in Five Days
Nippon Life India Asset Management shares fell 9% to Rs.881.95 on the BSE on Friday, extending a five-day losing streak as investors assessed its September-quarter earnings and a regulatory settlement linked to Yes Bank AT-1 bonds.
Nippon Life India Asset Management shares fell 9% on the BSE on Friday, October 23, reaching Rs.881.95 apiece as investors assessed the company’s September-quarter earnings and a regulatory settlement linked to Yes Bank’s additional tier-1 (AT-1) bonds. The decline extended the stock’s losing streak.