Manulife Investment Management bought 4,447 shares of One 97 Communications for ₹61 lakh at ₹1,367.80 apiece in a block deal.
A leading digital payments and financial services platform in India, One 97 Communications operates an integrated ecosystem serving both consumers and merchants across the country. The company provides payment solutions, financial services, and commerce platforms through its core digital offerings. Its distinctive strength lies in connecting a vast network of users and merchants, enabling transactions and financial inclusion across India's digital economy through a comprehensive suite of services.
Manulife Investment Management's active India and Pacific Asia equity vehicles. Its India Equity strategy launched in 2012 and uses bottom-up fundamental research to find companies with durable competitive advantages, identifiable catalysts and growth not fully reflected in valuations. Manulife manages US$570.2 billion globally, including US$873.59 million in its India Equity strategy.