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
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
The company received an Establishment Inspection Report (EIR) from the USFDA for a product-specific pre-approval inspection at the Indore plant
Commissioning of the Budhni solar power plant, Madhya Pradesh
Approval of fundraising through issuance and allotment of shares worth up to Rs 940cr on the basis of right issue
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
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.
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.
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Tata Metaliks and Tata Steel Long’s earlier merger plan has been withdrawn.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.
Received approval of gPennsaid (diclofenac solution, 2%) for the US market
Apotex and Amneal are two approved generics for this product.
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.