Track shipments

Bombay Dyeing, Hero MotoCorp, Cipla, M&M Finance, Glenmark Pharma, Shilpa Medicare

Stocks to watch in trade for September 23: Bombay Dyeing, Hero MotoCorp, Cipla, M&M Finance, Glenmark Pharma, Shilpa Medicare.

Textiles and industries of the century

Birla Estates Pvt. Limited, WOS has announced the acquisition of a 10-acre plot of land at Raja Rajeshwari Nagar in South Bengaluru. The project has a development potential of 1 million square feet with a revenue potential of Rs 900 Cr

Shilpa Medicare

The Company’s Analytical Services Division located at Nacharam, Hyderabad, Telangana received clearance from the US FDA (EIR) for the inspection carried out from April 26, 2022 to April 29, 2022

cipla

The company received an Establishment Inspection Report (EIR) from the USFDA for a product-specific pre-approval inspection at the Indore plant

Trident

Commissioning of the Budhni solar power plant, Madhya Pradesh

Bombay Dye

Approval of fundraising through issuance and allotment of shares worth up to Rs 940cr on the basis of right issue

Motocorp Heroes

Motorcycle and scooter prices upward revision on September 22, 2022. The price revision will be at Rs. 1,000

Zydus Life Sciences

To acquire up to 11.86% of the capital of AMP Energy Green Nine Pvt Ltd for the establishment of a captive hybrid solar wind energy project in Gujarat. Total trade value – Rs 9.97cr

IOL chemicals and pharmaceuticals

Board approved US$2.1 million investment in USpharma Limited, a US-based company developing novel drug delivery technologies

M&M Finance

RBI has ordered M&M Finance to immediately halt all salvage or repossession activity through outsourcing agreements, until new orders are placed. The lender may continue to conduct collection or repossession activities through its own employees. RBI’s action is based on significant control concerns in the management of the firm’s outsourcing activities.

Aster DM

The subsidiary acquired a 60% stake in Skin III for AED 16.7 million. Skin III is a leader in providing intravenous infusions (vitamins and detox) and other aesthetic procedures.

Glenmark Pharma

Received EIR for its factory in Aurangabad. The USFDA EIR indicates the inspection is closed.

OAI status continues for Baddi installation. The USFDA had issued Form 483 with 6 observations.

Tata Metaliks, Tata Steel Long, Tinplate Company and TRF

Tata Metaliks, Tata Steel Long, Tinplate Company and TRF to merge with Tata Steel

Tata Metaliks and Tata Steel Long’s earlier merger plan has been withdrawn.

M&M in talks to raise up to $500 million for EV Push, Reuters says

Mahindra & Mahindra is in talks to raise between $250 million and $500 million to advance its electric vehicle plan, Reuters reports, citing a person familiar with the matter.

The company is in preliminary talks with global green funds and private equity firms

Not immediately clear what valuation investors are offering or what Mahindra is looking for

Mahindra told Reuters in a statement that he has committed to investing $500 million in the electric SUV space with British International Investment.

Lupine

Received approval of gPennsaid (diclofenac solution, 2%) for the US market

Apotex and Amneal are two approved generics for this product.

Recorder and Hobbies Stainless Steel: National Movie Day: Watch Movies at Rs. 75 Only on September 23

Bharat wire ropes review the fundraising proposal

Hercules hoists Board Meeting to Review and Approve Plan of Arrangement (Split)

HDFC lifetime: listing of new share issues to promoters

BEAUTIFUL: quotation of free shares

Deepak Fertilizer: listing of new shares converted from FCCBs.