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The Karakoram has offloaded shares of Vijaya Diagnostic Centre worth over Rs 332 crore
SRJR Life Sciences LLP will sell 99,357 equity shares or a 0.42% stake Bafna Pharmaceuticals
Infosys has collaborated with Dow Jones to develop new human-centred digital experiences
The company on March 8 released the results of the voting conducted at the 33rd annual general meeting (AGM) held on December 30, 2021. During the AGM, three resolutions were put to a vote and according to the exchange filing by the company, all the resolutions have failed to receive the necessary number of votes.
Indian Oil Corporation (IOC)
The company has signed an agreement with Adani Ports and Special Economic Zone (APSEZ) towards the augmentation of IOC’s crude oil volumes at Mundra.
The company said its board on March 16 will consider capital expenditure for a new greenfield project with a capacity of 15,500 metric tonnes per annum at Bharuch, Gujarat.
Kreon Financial Services
The company’s number of loan disbursements has increased by 277% in the month of February 2022 compared to February 2021. Value of disbursements during February 2022 has recorded a growth of 304% compared to the corresponding month in the previous year. Revenue during February-2022 increased by 386% compared to the corresponding month in the previous year.
Zydus' US-based biopharmaceutical arm Sentynl Therapeutics Inc has executed an asset purchase agreement for the sale of BridgeBio's Nulibry (Fosdenopterin) for injection. Nulibry is approved by the US Food and Drug Administration (USFDA) to reduce the risk of mortality in patients with molybdenum cofactor deficiency (MoCD) Type-A, an ultra-rare, life-threatening paediatric genetic disorder.
Thomas Cook India
The company is reportedly eyeing demand for forex to reach 90% of pre-covid levels this year. While the forex demand from the education segment has already hit pre-covid levels, travel-related forex volumes are at 35-40 per cent of pre-covid levels.
ISGEC Heavy Engineering
The company has bagged a large order for cement waste heat recovery boilers from Shree Cement in Nawalgarh, Rajasthan. The scope of work includes designing, manufacturing, and supplying of PH boiler in the preheater exhaust and the AQC boiler in the cooler exhaust. The current order for the Nawalgarh site will be the third project that Isgec has received from Shree Cement.
Vijaya Diagnostic Centre
Karakoram has offloaded shares of Vijaya Diagnostic Centre worth over Rs 332 crore through an open market transaction. According to the bulk deal data on BSE, a total of nearly 73 lakh shares were sold at an average price of Rs 425.75 apiece, taking the total deal value to Rs 332.42 crore.
Promoter SRJR Life Sciences LLP will sell 99,357 equity shares or a 0.42% stake in the company through open market transactions. The purpose of this stake sale, which will start from March 9, is to achieve minimum public shareholding.
The company has collaborated with Dow Jones to develop new human-centred digital experiences. As part of the program, Infosys will work with Dow Jones to build and deliver an enhanced set of capabilities that will use analytics and machine learning to save decision-makers time and separate the signal from the noise.
The auto ancillary company said its subsidiary Kalyani Strategic Systems (KSSL) has incorporated a joint venture company - Sagar-Manas Technologies (SMTL), with open joint-stock company Dastan Transnational Corporation. The joint venture will help the company to participate in joint up-gradation and manufacturing/ providing solutions for marine and defence products. Dastan, a Kyrgyzstan entity, is a leading multipurpose enterprise engaged in the development, manufacturing, sale of defence equipment, electronic devices, medical centrifuges, etc. KSSL will hold a 51% stake and the balance of 49% will be held by Dastan in SMTL.
The company has fixed the prices of iron ore with effect from March 8, 2022. The price of Lump Ore (65.5%, 6-40mm) has been fixed at Rs 6000 per ton, while the price of Fines (64%, -10mm) has been fixed at Rs 4960 per ton. The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes.
Sun Pharmaceutical Industries
Subsidiary Taro Pharmaceuticals USA Inc has completed the acquisition of subsidiary companies of Galderma. The acquired subsidiaries of Galderma included Galderma Holdings Inc which was incorporated in Delaware, Proactiv YK which was incorporated in Japan, and The Proactiv Company Corporation which was incorporated in Canada. These subsidiaries sold products under the Proactiv, Restorative Elements and In Defense of Skin brands. The company paid $99.279 million for the entire transaction.
Smallcap World Fund Inc sold 12,20,263 equity shares in the company via open market transactions. These shares were sold at an average price of Rs 1,280 per share.