Chalet Hotels | The company has launched a QIP (qualified institutional placement) issue at a floor price of ₹780.76 per share, which is nearly a 10% discount to Wednesday's closing price of ₹870.15. Sources told CNBC-TV18 that the total issue size is said to be ₹1,200 crore.
IDFC FIRST Bank | US-based private equity firm Warburg Pincus' affiliate, Cloverdell Investment, is likely to sell its entire stake in a private sector bank, sources privy to the development told CNBC-TV18. The investment firm is expected to offload its 2.25% equity in the bank through block deals, sources told CNBC-TV18.
Alkem Lab | Drug firm on Wednesday said the US Food and Drug Administration (USFDA) conducted an inspection at its manufacturing facility located in Baddi from March 19 to March 27, 2024. At the conclusion of the inspection, the company received a Form 483 with ten observations.
Zydus Lifesciences | The company on Wednesday said the US Food and Drug Administration (FDA) recently concluded an inspection at its SEZ onco injectable manufacturing plant in Ahmedabad. The inspection, which took place between March 18-27, resulted in the identification of four observations.
Dr Reddy's | Pharma major on Wednesday said it has signed an exclusive partnership with Sanofi Healthcare India Private Ltd to promote and distribute their vaccine brands across private markets in India. These brands saw combined sales of approximately ₹426 crore (approximately $51 million) as per IQVIA MAT February 2024.
Emami | Indian FMCG player on Wednesday said it will acquire the remaining 4.64% stake in its subsidiary, Brillare Science Pvt Ltd. With this acquisition, Emami's shareholding in Brillare has increased from 95.36% to 100%, making Brillare a wholly-owned subsidiary of Emami Ltd.
Cyient | IT solutions provider on Wednesday said it has signed an agreement with German original equipment manufacturer (OEM) Deutsche Aircraft for designing the rear fuselage section of D328eco aircraft. Designed to operate along regional routes, the D328eco is a highly fuel-efficient aircraft.
NHPC | State-owned company on Wednesday said its board has approved a proposal to raise ₹6,100 crore in debt in 2024-25. The Board of Directors considered and approved the proposal for raising of debt up to ₹6,100 crore during 2024-25 through non-convertible Corporate Bonds in one or more tranches on a private placement basis.
BHEL | State-owned engineering firm on Wednesday said it has won an order from Adani Power to set up the 2x800 MW Raigarh Phase-II Thermal Power Plant at Raigarh, Chhattisgarh. The order pertains to the supply of equipment and supervision of the erection & commissioning of a 2x800 MW power project.