Mahindra Logistics: The logistics firm stated the board of administrators has appointed Saurabh Taneja as Chief Financial Officer and key managerial personnel of the corporate with impact from September 1. The board additionally appointed Ashay Shah as Senior Management Personnel and Head – LMD & Strategy of the corporate with impact from October 1.
Natco Pharma: The pharma firm has made a strategic funding of $2 million in Delaware-based ISCA Inc, which had a turnover of $9.3 million within the final fiscal 12 months ending in December 2022. The strategic funding for a 5.79 p.c stake in ISCA is for bio management of pests. ISCA is engaged within the business of pest management for agriculture.
Rail Vikas Nigam: The state-owned railway firm has emerged because the lowest bidder (L1) for initiatives price Rs 256.2 crore from Maharashtra Metro Rail Corporation. The stated initiatives shall be executed inside 30 months.
Ajanta Pharma: The speciality pharmaceutical formulation firm has acquired ultimate approval from the United States Food and Drug Administration (US FDA) to market Topiramate extended-release capsules, obtainable in 25 mg, 50 mg, 100 mg and 200 mg strengths. Topiramate is the generic model of Supernus Pharmaceuticals Inc’s Trokendi XR. As per the settlement with the innovator, Ajanta can launch Topiramate on February 1, 2026, or earlier underneath sure circumstances.
Bharat Heavy Electricals: BHEL has secured the order for organising the 2×800 MW supercritical thermal energy venture Stage-II at Lara in Chhattisgarh. The first unit of 800 MW shall be executed inside 48 months from zero date) and unit-2 of 800 MW inside 52 months from the zero date.
Zee Entertainment Enterprises: Quant Mutual Fund has offloaded 48.15 lakh fairness shares or half a p.c stake within the media & leisure firm, through open market transactions, at a mean value of Rs 266.61 per share. The stake sale amounted to Rs 128.38 crore.
Zomato: SVF Growth (Singapore) Pte Ltd, an affiliate of Japanese firm SoftBank, has bought 10 crore fairness shares, equal to 1.16 p.c of paid-up fairness, within the meals supply large, through open market transaction, at a mean value of Rs 94.7 per share. The stake sale amounted to Rs 947 crore, whereas SVF’s holding within the firm was 3.35 p.c or 28.71 crore shares as of June 2023.
Spandana Sphoorty Financial: Max Life Insurance Company Limited – High Growth Fund, Max Life Insurance Company A/C PAR, and Kotak Mahindra Life Insurance Company Limited – Classic Opportunities Fund ULIF 033 16 12 09 CLAOPPF have purchased 22.77 lakh shares or 3.2 p.c stake within the microfinance lender, through open market transactions at a mean value of Rs 765 per share. However, strategic buyers – Valiant Mauritius Partners FDI bought 16.07 lakh shares in Spandana at a mean value of Rs 765 per share, Valiant India Opportunities offloaded 5.52 lakh shares at a mean value of Rs 765.02 per share, Valiant Mauritius Partners bought 4.6 lakh shares at a mean value of Rs 765.01 per share, and Valiant Mauritius Partners Offshore offloaded 8.8 lakh shares at a mean value of Rs 765.38 per share. They collectively bought a 4.9 p.c stake or 22.77 lakh shares, towards their whole shareholding of 94.79 lakh shares or 13.35 p.c stake as of June 2023.
Sula Vineyard: Verlinvest Asia Pte Ltd is trying to promote upto 12.56 p.c stake within the nation’s largest wine maker through a block deal, stories CNBC-Awaaz quoting sources. Block dimension could also be Rs 539.2 crore and the shares could also be bought within the vary of Rs 473-508.7 per share. Verlinvest Asia Pte held 20.91 p.c stake in Sula Vineyard as of June 2023.
Sungarner Energies: The energy answer firm will listing shares on the Emerge SME platform of National Stock Exchange. The problem value is Rs 83 per share.
