Lovable Lingerie Surges 6% As Reliance MF Buys Stake

Lovable Lingerie shares rallied nearly 6 per cent on Thursday, following Reliance Mutual Fund's purchase of shares in the women's inner-wear maker from open market yesterday. In a filing to the Bombay Stock Exchange, Reliance Nippon Life Asset Management Limited said that Reliance Capital Trustee Company acquired 7,94,937 shares or 4.73 per cent stake in Bangalore-based Lovable Lingerie. Post the acquisition, Reliance Mutual Fund's...