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June 20, 2022

Adani Wilmar has cut the prices of its edible oils by Rs 10.

Cipla will acquire a 21.05% stake in Achira Labs for Rs 25 cr.

Delhivery: The integrated logistics player said it has launched ‘guaranteed same-day delivery’ service in 15 key cities in the country to help direct to-consumer (D2C) brands deliver their orders the same day.

Canara Bank: The state run lender, which recorded over two-fold jump in its net profit in fiscal year ended March 2022, aims to improve its bottom line further with balanced focus on advances to retail, big and small businesses, coupled with greater focus on digitization.

Aurobindo Pharma: The drug maker acquired a 51 per cent stake in GLS Pharma, which operates in the oncology business and has a manufacturing facility in Hyderabad. The acquisition cost for a 51 percent stake is Rs 28.05 crore.

Poonawalla Fincorp: Two individuals offloaded shares of the leading NBFC for Rs 120 crore through an open market transactions. According to block deal data, Sanjay Chamria and Mayank Poddar sold a total of 52.48 lakh shares of Poonawalla Fincorp. The shares were disposed of at an average price of Rs 229 apiece.

Alkem Laboratories: The pharma company has received Form 483 with three observations after inspection of its US unit. The US Food and Drug Administration (FDA) inspected of the company’s manufacturing facility at St Louis from June 6 to June 17, 2022.

Nazara Technologies: The Rakesh Jhunjhunwala backed gaming company has decided to make a further strategic investment of up to Rs 20.1 crore in material subsidiary Absolute Sports by acquiring shares of promoter Porush Jain and up to Rs 10 crore in Brandscale Innovations by subscribing to optionally convertible debentures in one or more tranches.

Zydus Wellness: The drug firm said it will stop operations at its Sitarganj production facility in Uttarakhand as part of a manufacturing and supply chain network optimisation exercise.

Engineers India: The state run engineering company has won three separate projects from specialised chemicals, sunrise and infrastructure sectors.

Dilip Buildcon: The construction firms joint venture company RBL-DBL has been declared as the L-1 bidder for the Surat Metro Rail Project in Gujarat. The order is worth Rs 1,061 crore.