Reliance Industries: Reliance Retail acquires 89% stake in intimate wear maker Clovia. Reliance Retail Ventures Limited (RRVL) said on March 20 that it has acquired 89 percent equity stake in Purple Panda Fashions Private Limited, which owns and operates intimate wear maker Clovia.
TVS Motor Company: Declared interim dividend. The board has declared an interim dividend of Rs 3.75 per share for the financial year ending March 2022.
NBCC (India): Received order from Administration of Union Territory of Ladakh. The company has received a work order from Administration of Union Territory of Ladakh, for providing comprehensive, design, engineering and project management consultant (PMC) services for various works. The estimated cost of the project is Rs 500 crore.
Gujarat Fluorochemicals: Board to consider interim dividend. The board on March 23 will consider a proposal for declaration of interim dividend for the financial year 2021-22.
Usha Martin: Promoter sold stake in the company. Promoter entity Peterhouse Investments sold 2.5 lakh equity shares in the company via open market transactions on March 17. With this, its shareholding in the company stands at 2.27 percent, down from 2.35 percent earlier.
Bharat Electronics: Board declares second interim dividend. The board has declared second interim dividend of Rs 1.50 per equity share for the financial year 2021-22.
Strides Pharma Science: Akston Biosciences and Biolexis enter into an agreement. Akston Biosciences and Biolexis entered into a licensing, manufacturing and commercialisation agreement for Akston’s AKS-452, a protein subunit COVID-19 vaccine.
Gujarat State Petronet: Mirae Asset Investment Managers (India) acquired additional stake. Mirae Asset Investment Managers (India) acquired 7.2 lakh equity shares in the company via open market transactions on March 16.
KEI Industries: Smallcap World Fund, Inc acquired additional stake. Smallcap World Fund, Inc acquired 6.4 lakh equity shares in the company via open market transactions on March 16. With this, its shareholding in the company stands at 5.02 percent, up from 4.31 percent earlier.
SMS Pharmaceuticals: Received non-exclusive license. The company received non-exclusive license to manufacture and supply of nirmatrelvir through the Medicine Patent Pool (MPP). This is an oral COVID-19 medicine developed by Pfizer.
Jubilant Pharmova: Received ANDA approval for Doxepin hydrochloride capsules. Subsidiary Jubilant Pharma through its subsidiary Jubilant Cadista Pharmaceuticals Inc. has received abbreviated new drug application (ANDA) approval for Doxepin hydrochloride capsules.
SJVN: Secured 100 MW grid connected solar power project in Gujarat. The company has secured 100 MW grid connected solar power project in Gujarat through tariff based competitive bidding conducted by Gujarat Urja Vikas Nigam.
Gujarat Industries Power Company: Stopped power generation at its Vadodara plant. The company has stopped power generation from its 145 MW combined cycle power plant, gas-based station-I at Vadodara, due to increasing price of natural gas after the beginning of Ukraine-Russia war.
Granules India: Received licences from Pfizer. The company received licences from Medicines Patent Pool (MPP) to manufacture and market generic versions of Pfizer’s oral treatment nirmatrelvir. This drug will be co-packaged with ritonavir for treatment of COVID-19.
HDFC: Subsidiary HDFC Capital Advisors Limited (HCAL) has entered into a share subscription agreement for acquisition of 3,90,666 equity shares of Loyalie IT-Solutions.