The downsizing is a direct fall-out of the slowdown in the business and the promoter's plan to sell stake in the life insurance business.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
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