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June 27, 2022

Maruti Suzuki announced a collaboration with Toyota for launching SUVS in the Indian market.

Future Enterprises has defaulted on interest payment of Rs 4.10 crore for its non-convertible debentures.

Dr Reddy’s Laboratories: Dr Reddy’s Labs acquired branded and generic injectable product portfolio from the US-based Eton Pharma. It acquired the Eton’s portfolio for an upfront payment of approximately $5 million in cash, plus contingent payments of up to $45 million.

Zomato: Zomato board approves acquisition of Blinkit Commerce in an all-stock deal. The food delivery company informed exchanges that the board has given its approval for acquisition of up to 33,018 equity shares of quick commerce company Blinkit (formerly known as Grofers India) for Rs 4,447.48 crore in an all-stock deal.

Autolite (India): Autolite board to be authorised to dispose-off non-performing assets. As the company has decided to restructure its business, the board will be authorised to dispose-off the land, building, undertaking and other non-performing assets (NPA).

Kiri Industries: Kiri Industries acquires 81% stake in Indo Asia Copper. The company is acquiring 81% equity stake of Indo Asia Copper.

Welspun Corp: Welspun Corp bags Rs 600 crore worth orders. The company has secured various orders of around 47,000 MT amounting to Rs 600 crore.

Gufic Biosciences: ICRA upgrades credit rating on Gufic Biosciences. ICRA has upgraded its long term rating on the bank facilities of the company to BBB+, from BBB, with stable outlook, and short term rating to A2, from A3+.