• SENSEX
    NIFTY 50
Business

Samsung firms sell $1.3 billion Samsung Electronics stock to maintain compliance

Updated : May 31, 2018 08:03 AM IST

Samsung Life Insurance Co Ltd and Samsung Fire & Marine Insurance Co Ltd separately said their electronics affiliate's current policy of cancelling its own shares to raise the value of investors' holdings risks pushing their own holdings beyond regulatory limits.
Samsung Electronics stock fell 3.5% after local media first reported the sales plans.
Samsung firms sell $1.3 billion Samsung Electronics stock to maintain compliance
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV