Dr Reddy’s Labs: The subject expert committee under India’s drug regulator has not cleared the application of Dr Reddy’s Laboratories seeking approval to market the Sputnik V Covid-19 vaccine, citing lack of data.
Nureca: The company, which is into the business of home healthcare and wellness products, will make market debut today. The Rs 100 crore IPO, which was sold from February 15 to Ferbuary 17, was subscribed 39.93 times. The category meant for qualified institutional buyers (QIBs) was subscribed 3.10 times, non institutional investors 31.59 times and retail individual investors (RIIs) 166.65 times.
Global Solutions (HGS): The IT services arm of Hinduja Group plans to hive off its cash-rich healthcare outsourcing practice and looks to divest a significant minority stake to financial investors to raise as much as $200 million as one of India’s oldest business conglomerates looking to take advantage of a spike in technology-related businesses amid Covid-19 pandemic.
Axis Bank, Max Financial: Max Financial Services Ltd (MFSL) said the Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the acquisition of up to 12 per cent stake in Max Life Insurance by
and its subsidiaries Axis Capital and Axis Securities (together Axis entities).
Affle India: Affle Holdings Pte Ltd, a promoter of Affle (India) Ltd, on Wednesday offloaded 3 lakh shares of the company worth over Rs 161 crore through an open market transaction.
Tata Communications: The Securities and Exchange Board of India (Sebi) has given Pantone Finvest, a Tata Sons subsidiary, conditional exemption from an open offer for in which the Centre is seeking to reduce its ownership.
NIIT: Skill development firm NIIT has tied up with telecom equipment vendor Nokia , to offer Nokia’s 5G certification program aimed to skill professionals on the next generation of services.
Cadila Healthcare: Zydus Group owned US-based Sentynl Therapeutics on Wednesday said it has inked a pact with Cyprium Therapeutics to acquire its proprietary rights to CUTX-101, a copper histidinate product candidate for the treatment of Menkes disease.
PNB: Wanted diamond merchant Nirav Modi, who remains behind bars in a London prison as he contests his extradition to India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank
(PNB) scam case, will find out the UK court’s ruling in the nearly two-year-long legal battle on Thursday.
Mphasis: Private equity Carlyle Group has emerged as the sole bidder to acquire Blackstone Group-owned Mphasis , in what would be the largest buyout in the Indian IT industry, said multiple people involved in the deal.
