Lupine Stock Price: Stocks in the News: Lupin, Biocon, PNB, Lauras Labs, PTC India and SJVN
: The USFDA has issued 8 observations for the pharmaceutical facility and the API facility at Mandideep. The U.S. drug regulator inspected the company’s Mandideep Unit 1 facility from November 14-23, 2022.
: Biocon Biologics, a subsidiary of the major biotech company, awarded it shares worth Rs 2,205.63 crore as part of an equity injection to fund the latter’s acquisition of the business. biosimilars business of Viatris Inc. In February, Biocon Biologics signed an agreement to acquire the biosimilars business of Viatris Inc. for consideration of approximately $3.34 billion.
: The state-run lender has received approval from DIPAM, Ministry of Finance, for the sale of the stake in
in single or multiple slices. It holds a 15.22% stake in .
Laurus Laboratories: The pharmaceutical company has entered into a share subscription agreement and a shareholders’ agreement with Ethan for the purchase of 26% of the capital of Ethan Energy India. This will allow the company to consume 100% of the solar energy that will be supplied by Ethan Energy India from its 10 MW solar power plant.
TPC India: The electricity exchange solution provider’s consolidated net profit more than tripled to Rs 157.11 crore in the March 2022 quarter, mainly due to lower expenses. The company’s consolidated net profit was Rs 49.77 crore in the quarter ended March 31, 2021.
India Tube Investments: The automotive auxiliary company will take a 50% stake in X2Fuels and Energy, a start-up engaged in developing processes to convert waste into liquid/solid fuels, for Rs 6.15 crore. Tube Investments has signed a share subscription agreement with X2Fuels and Energy and its founders.
SJVN: The public utility company said it has commissioned a 75MW solar power project at Parasan Solar Park in Uttar Pradesh. With the commercial operation of the 75 MW Parasan solar power project, the power producer’s installed generation capacity stands at 2,091.5 MW.
: The metal pipe manufacturer has completed setting up its 15-ton electric smelter and commercial production of it will start from November 25, 2022. This will increase MS billet production from the current 95,832 MTPA at 1.04 lakh MTPA.
Veranda Learning Solutions: IIM Raipur is collaborating with Veranda Learning Solutions and the Society for Human Resource Management (SHRM) to launch an Executive Post Graduate Program (online MBA) in Human Resource Management.
: The board of the company has approved the issuance of 57 lakh fully convertible equity warrants which can be subscribed for at Rs 692 each for sponsors, non-developers and qualified institutional buyers. The company has also issued 3 lakh equity shares at Rs 692 each to non-promoting shareholders.
: The small-cap IT services player will negotiate an ex-share split on Friday as the company decided to split its shares with a par value of Rs 10 each into two shares with a par value of Rs 5 each.
: The packaged food player’s promoter, Hiteshkumar Gaurishankar Patel, bought 3,94,732 shares of the company through the open market, increasing his stake in the company to 49.37%.