Vodafone Idea Stock Price in Focus as Vi Launches 5G Services in Mumbai

Vodafone Idea (Vi) has officially launched its 5G services in Mumbai, offering next-generation connectivity with enhanced speed and reliability. This move is expected to improve mobile experiences across the city, supporting high-bandwidth applications such as video streaming, gaming, and cloud-based services.

On March 19, 2025, following the announcement, Vodafone Idea’s share price opened 2% higher, reflecting positive investor sentiment towards the telecom operator’s expansion into the 5G space.

Strategic Investments and Infrastructure Expansion

Vi’s 5G rollout in Mumbai is backed by its strong spectrum portfolio and significant investments in network infrastructure. The company has partnered with Nokia to deploy advanced 5G equipment, ensuring not only higher efficiency and capacity but also energy sustainability. Additionally, an AI-powered Self-Organising Network (SON) has been integrated to optimise network performance dynamically.

Vi’s focus on long-term expansion is evident in its planned capital expenditure of ₹50,000-55,000 crore over the next three years. This includes extending 4G coverage to 90% of the population while steadily expanding its 5G footprint in key locations across India.

Competitive Pricing to Attract Consumers

To gain traction in the highly competitive telecom sector, Vi has introduced a 5G introductory offer with unlimited 5G data for subscribers on plans starting at ₹299. The service is tailored to enhance mobile usage for video calls, online gaming, OTT streaming, and high-speed downloads.

The company emphasises that its existing 4G network in Mumbai is among the best, as validated by an OpenSignal report. The introduction of 5G aims to further solidify its market presence by offering customers superior connectivity at competitive pricing.

Financial Strength Supporting Growth Plans

Vodafone Idea has recently strengthened its financial position, raising approximately ₹26,000 crore in equity over the past year. This includes the largest Follow-on Public Offer (FPO) of ₹18,000 crore and a ₹4,000 crore promoter contribution, allowing the company to accelerate network investments and improve service quality.

A Step Towards Nationwide 5G Expansion

The launch in Mumbai marks the beginning of Vi’s phased rollout of 5G services across India. Speaking on the occasion, Jagbir Singh, CTO, Vodafone Idea remarked “Our focus is on introducing 5G meaningfully for our users. We have invested in building a robust 5G network, by deploying the latest 5G technology. By expanding our infrastructure, we are delivering a network that is ready for the future – seamless, powerful and built for the demands of modern connectivity.” 

Vi aims to bring next-generation connectivity to millions of users, reinforcing its role in supporting India’s digital transformation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Bajaj Auto to Infuse ₹1,500 Crore into Bajaj Auto Credit

Bajaj Auto Ltd has announced an additional capital infusion of up to ₹1,500 crore into its wholly-owned subsidiary, Bajaj Auto Credit Ltd (BACL). The investment will be made during the financial year 2025-26 in multiple phases through equity capital, preference capital, or subordinated debt.

Objective of the Capital Infusion

BACL operates as a non-banking financial company (NBFC), providing financing for vehicles manufactured and sold by Bajaj Auto and its subsidiaries. The fund infusion is aimed at maintaining capital adequacy and supporting the company’s expansion as it scales its operations.

BACL’s Financials

BACL was incorporated on December 6, 2021, and started its operations on January 1, 2024. It has expanded nationally in a phased manner throughout FY24-25. The company’s assets under management (AUM) stood at ₹7,048 crore as of December 2024, with a turnover of ₹16.65 crore in FY24. 

The additional funds are to help meet regulatory requirements and sustain growth.

Leadership Reappointments

The board of Bajaj Auto has also approved the reappointment of Rajivnayan Rahulkumar Bajaj as Managing Director and CEO for another five-year term, starting April 1, 2025. His current term ends on March 31, 2025. Additionally, Abhinav Bindra has been reappointed as a non-executive independent director for another five-year term, effective May 20, 2025. 

Both reappointments are subject to shareholder approval.

Market Performance

Following the announcement, shares of Bajaj Auto were trading at ₹7,755.75 as of 12:54 PM on March 19, showing a gain of 1.87% (+₹142.35) for the day. Over the past 6 months, the stock has declined by 34.65%, while it has dropped 10.24% over the past year. The company’s market capitalisation currently stands at ₹2,12,401.94 crore. 

Conclusion

With the financing sector under increasing regulatory scrutiny, the additional capital will help BACL maintain compliance while supporting its loan portfolio. The company’s expansion aligns with its strategy to increase lending capacity in the vehicle financing segment.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

New TDS Rules from April 1: Key Changes for Investors and Senior Citizens

From April 1, 2025, new Tax Deducted at Source (TDS) rules will come into effect, bringing changes to tax deduction thresholds for interest income, mutual fund dividends, and commissions. These adjustments will impact senior citizens, investors, and insurance agents.

Higher TDS Exemption for Senior Citizens

The TDS threshold on interest income from Fixed Deposits (FDs) and Recurring Deposits (RDs) for senior citizens has been doubled from ₹50,000 to ₹1 lakh per financial year. Banks will now deduct TDS only if the total interest earned exceeds ₹1 lakh in a financial year.

Revised TDS Threshold for Other Depositors

For individuals below 60 years of age, the TDS exemption limit on interest income from FDs and RDs has been increased from ₹40,000 to ₹50,000 per financial year. TDS will be deducted only if interest earnings exceed this threshold.

Increased TDS Exemption for Mutual Fund and Stock Investors

The exemption limit for TDS on dividends from stocks and mutual funds has been raised from ₹5,000 to ₹10,000 per financial year. If total dividend income remains within ₹10,000, no TDS will be deducted.

Higher TDS Exemption for Commission Earners

The TDS exemption threshold for commissions earned by insurance agents and brokers has been increased from ₹15,000 to ₹20,000 per financial year. This means TDS will only be applicable when total commissions exceed ₹20,000 annually.

Changes in TDS on Gaming Winnings

TDS on gaming winnings will now be deducted only when total winnings exceed ₹10,000. Previously, TDS was deducted based on aggregated winnings across multiple transactions.

Conclusion

These changes are part of the Union Budget 2024 announcements and will take effect from April 1, 2025. Banks, financial institutions, and taxpayers will need to account for the revised thresholds when calculating tax deductions for the financial year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

BPCL Unveils the World’s First Hydrogen-Powered VTOL Aviation Ecosystem

Bharat Petroleum Corporation Limited (BPCL) has announced a groundbreaking initiative in sustainable aviation, collaborating with BluJ Aerospace, the Agency for New and Renewable Energy Research and Technology (ANERT), and Cochin International Airport Limited (CIAL) to establish the world’s first hydrogen-powered Vertical Take-off and Landing (VTOL) aviation ecosystem.

The Memorandum of Understanding (MoU) was signed in Kochi on March 12, 2025, marking a significant step towards India’s commitment to achieving Net Zero emissions by 2070. This pioneering initiative aims to revolutionise regional and urban air mobility, enhancing speed, reducing noise pollution, and improving energy efficiency—all while significantly lowering carbon emissions.

The share price of BPCL was trading higher by 1.16% as of 11:59 AM on March 19, 2025. 

BPCL’s Role in Hydrogen-Powered Aviation

BPCL will play a crucial role in enabling hydrogen-powered VTOL aircraft by developing the necessary refuelling infrastructure. The company plans to establish Hydrogen Refuelling Stations (HRS) in Kochi and Trivandrum, which will serve as key enablers for this ambitious project.

In addition to infrastructure development, BPCL will also focus on research and development (R&D) efforts, particularly in designing and manufacturing an Indigenous Proton Exchange Membrane (PEM) Hydrogen Fuel Cell. This high-power density fuel cell is expected to facilitate vertical lift-off, advancing India’s capabilities in hydrogen technology and clean aviation solutions.

A Strategic Alliance for a Green Future

The MoU was signed by key stakeholders, including Shri Ranjan Nair, Business Head – Renewable Energy, BPCL; Shri Narendra Nath Veluri, CEO – ANERT; Shri Maruthi Amardeep Sri Vatsavaya, CEO – BluJ Aerospace; and Shri Manu G, Airport Director – CIAL. Several senior officials from state and central governments were also present at the event.

Highlighting the importance of this collaboration, Shri G. Krishnakumar, Chairman & Managing Director of BPCL, stated, “Green hydrogen has the potential to transform aviation and urban mobility. This partnership reflects our commitment to leading clean energy solutions that are both innovative and practical for a sustainable future.”

Driving Hydrogen Mobility Through Kerala’s Hydrogen Valley Programme

The hydrogen refuelling stations set up by BPCL will form a crucial part of Kerala’s Hydrogen Valley Programme, aimed at fostering research and promoting hydrogen-powered mobility solutions. These stations will not only support the aviation project but will also be instrumental in developing broader hydrogen-based transportation systems in the region.

With this initiative, BPCL continues to reinforce its leadership in green energy and sustainable innovation, laying the foundation for India’s transition to hydrogen-powered aviation and transport.

About BPCL

BPCL is a Fortune Global 500 company and one of India’s leading oil marketing corporations. It plays a significant role in refining crude oil, marketing petroleum products, and spearheading clean energy initiatives. With refineries in Mumbai, Kochi, and Bina, BPCL has been integrating sustainability into its operations and is actively working towards becoming a Net Zero Energy Company by 2040.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

India Cuts Solar Imports: Dependence on China Drops to 56% for Cells, 65% for Modules: Report

India has been making substantial progress in its transition towards self-reliance in solar energy. Over the years, a combination of government policies and expanding domestic manufacturing capacity has contributed to a structural shift in the country’s solar landscape.

Decline in Solar Cell and Module Imports

According to a report, India’s imports of solar cells and modules have decreased by 20% and 57%, respectively, in the first eight months of 2024-25. This marks a significant reduction in dependence on foreign suppliers, particularly China.

In 2023-24, imports from China accounted for over 90% of India’s solar cell imports. However, this has now declined to 56% for solar cells and 65% for solar modules, reflecting India’s growing emphasis on indigenous production.

Major Domestic Players Expanding Capacity

Several Indian companies are ramping up their solar manufacturing capacities to meet rising domestic demand. TP Solar (Tata Power’s solar manufacturing arm), Reliance Industries, Waaree Energies, Vikram Solar, Gautam Solar, AdSolar, and Rene Rubix are among the key players investing in large-scale production expansions.

Government Policies Driving Domestic Growth

The Indian Government has implemented various policy measures to promote local solar manufacturing. The Production-Linked Incentive (PLI) scheme has been instrumental in encouraging domestic production and reducing reliance on imports. These incentives aim to bolster India’s renewable energy capacity and make it globally competitive in solar manufacturing.

Challenges in Achieving Complete Self-Sufficiency

Despite the progress, India still relies on imports for solar photovoltaic (PV) cells and wafers due to limited domestic manufacturing capacity for cells and the absence of wafer production facilities, according to a report. While module manufacturing is expanding, the need for essential components from international markets remains a challenge.

India’s Solar Export Market on the Rise

With growing domestic production, Indian photovoltaic manufacturers are increasingly focusing on exports. According to a report, India primarily exports solar modules, with solar cell exports remaining negligible. In 2023-24, India’s solar module exports were nearly 35 times higher in value compared to solar cell exports, highlighting the country’s competitive strength in module manufacturing.

India’s Commitment to Renewable Energy Goals

At COP26 in 2021, India made a five-part “Panchamrit” pledge to strengthen its renewable energy transition. The commitments include:

  • Achieving 500 GW of non-fossil fuel electricity capacity.
  • Meeting 50% of total energy requirements through renewables.
  • Reducing carbon emissions by 1 billion tonnes by 2030.
  • Lowering emissions intensity of GDP by 45%.
  • Achieving net-zero emissions by 2070.

Conclusion

India’s shift towards self-reliance in solar manufacturing is a crucial step in its clean energy transition. While domestic production continues to grow, reliance on imports for certain components remains a challenge. However, with robust government support and increasing export capabilities, India is well-positioned to strengthen its role in the global solar market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Depositors Seek Urgent RBI Intervention Amidst New India Co-Operative Bank Scam

An organisation representing depositors of the New India Co-Operative Bank has filed a petition with the Reserve Bank of India (RBI), seeking urgent measures to alleviate their financial hardship. This development follows allegations of embezzlement amounting to ₹122 crore, leading to severe restrictions on withdrawals and the subsequent supersession of the bank’s board.

The petition highlights concerns over potential “deeper financial irregularities like undisclosed non-performing assets (NPAs) or additional frauds”, which may have exacerbated the crisis.

Investigation and Arrests in the Financial Fraud Case

The Economic Offences Wing (EOW) of the Mumbai police has been actively investigating the scam, leading to the arrest of Hitesh Mehta, the former General Manager and Head of Accounts at the bank. Mehta is accused of misappropriating ₹122 crore from the bank’s safes at its Prabhadevi and Goregaon branches in Mumbai.

In response to these developments, the RBI imposed severe restrictions on the bank, including limits on withdrawals to safeguard depositors’ interests. Soon after, the bank’s board was superseded, and an administrator was appointed to oversee its operations.

Petitioners Demand Transparency and Higher Deposit Protection

In a formal memorandum submitted to RBI Governor Sanjay Malhotra, the New India Co-Operative Bank Depositors’ Foundation has called for immediate remedial measures. 

The foundation’s president, T N Raghunatha, emphasised the severe impact on depositors, stating: “The petition highlights the plight of depositors who are unable to access their savings, which has impacted the daily lives, including medical expenses and education of family members. The depositors are suffering due to fraudulent activities perpetrated by the bank’s management, rather than any mismanagement on their own part.”

One of the primary concerns raised is the inadequacy of the ₹5 lakh deposit insurance coverage, which is significantly lower than many depositors’ total savings. Reports suggest that some bank officials have been pressuring customers to accept the insurance payout without providing clarity on the remaining funds.

The petition also questions how a fraud amounting to ₹122 crore could destabilise a bank with total deposits of ₹2,436 crore as of March 2024. This has led depositors to suspect the existence of additional financial discrepancies, including undisclosed NPAs or further fraudulent activities.

Businessman Arrested in Connection with the Scam

The investigation has led to further arrests, with the latest being businessman Javed Azam. Azam, aged 48 and engaged in electrical goods distribution, was arrested by the EOW of Mumbai police on Monday night. This marks the seventh arrest in the case.

Authorities have traced ₹18 crore received by Azam through Unnathan Arunachalam, another accused in the scam. Investigations further revealed that Unnathan and his father, Manohar Arunachalam, siphoned off ₹33 crore from the bank.

The prime accused, Hitesh Mehta, allegedly provided ₹15 crore to Manohar Arunachalam in 2019, followed by another ₹18 crore, which was eventually handed over to Azam.

Fleeing Suspects and Ongoing Investigations

Authorities have identified additional suspects, including former bank chairman Hiren Bhanu and ex-vice-chairperson Gauri Bhanu, both of whom reportedly fled abroad before the scam was exposed.

In a bid to ascertain further details, the Mumbai police recently conducted a polygraph (lie detector) test on Hitesh Mehta. According to reports within the EOW, the test results indicate possible deception in Mehta’s responses, prompting authorities to expand their probe into undisclosed financial transactions.

With several suspects still at large and financial irregularities under further scrutiny, investigators expect more arrests in the coming days.

Conclusion

As depositors grapple with uncertainty, the petition urges the RBI to provide greater transparency regarding the findings of its audits on the New India Co-Operative Bank’s financial status. The crisis, as the petition states, “is not just a financial issue but a matter of livelihoods and security for thousands of families.”

This case underscores the broader concerns surrounding cooperative banking governance and regulatory oversight, reinforcing the need for robust fraud detection mechanisms and depositor protection policies to prevent such crises in the future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Allianz SE Eyes Partnership with Jio Financial Services for Insurance Foray

Allianz SE, the German financial services giant, is intensifying discussions with Mukesh Ambani-led Jio Financial Services (JFSL) to establish a joint venture in India’s life and general insurance sector. According to news reports, this move follows Allianz’s recent decision to exit its long-standing joint venture with Bajaj Group.

On Monday, Allianz announced the sale of its 26% stake in Bajaj Allianz General Insurance Co and Bajaj Allianz Life Insurance Co to its Indian partner for $2.8 billion. The transaction is expected to be completed in phases.

Negotiations with Jio Financial Services

Executives from Allianz and Reliance Industries Ltd (RIL), the parent company of JFSL, have been engaged in talks for several months. These discussions accelerated after Allianz was “actively considering an exit” from Bajaj last October, as per news reports. 

The negotiations have gained momentum recently, with Allianz looking to secure a minimum 50% stake in any new insurance venture and seeking greater influence in management and operations.

India permits 100% foreign direct investment (FDI) in the insurance sector, making it an attractive market for global financial institutions. However, Bajaj Group was reportedly reluctant to dilute its stake, leading to differences in strategic direction, according to reports.

A formal announcement regarding an Allianz-Jio Financial partnership is expected once regulatory approvals from the Competition Commission of India (CCI) and the Insurance Regulatory and Development Authority of India (IRDAI) are secured, as per reports.

Allianz’s Growth Strategy in India

Allianz considers India a key growth market and has expressed its intent to expand its role beyond that of an investor. The company stated on Monday that it seeks to “serve not only as an investor, but also as an operator” in India’s financial sector. Furthermore, it indicated that it will evaluate opportunities to reinvest the proceeds from the Bajaj exit into new ventures in the country.

Jio Financial’s Insurance Ambitions

JFSL’s entry into the insurance sector aligns with Reliance’s broader financial strategy. During RIL’s 2023 annual general meeting, Mukesh Ambani stated that JFSL “will enter the insurance segment to offer simple, yet smart, life, general, and health insurance products through a seamless digital interface, potentially partnering with global players.”

Allianz’s Expanding Presence in India

Beyond insurance, Allianz has been actively investing in India across various sectors. The company has deployed approximately $1.5 billion in alternative investments and holds partnerships with financial institutions such as Kotak Mahindra, Edelweiss, and Godrej Group.

Additionally, Allianz holds 6 cross-border reinsurer licences and was the first foreign reinsurer to operate in GIFT City, India’s international financial hub.

Conclusion

While Allianz declined to comment on market speculation, Jio Financial Services has not responded to queries regarding the potential partnership.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

G R Infraprojects Secures Major Highway Project

G R Infraprojects Limited has been awarded a significant contract from the National Highways Authority of India (NHAI) for the construction of the Agra-Gwalior Greenfield Road. This Letter of Acceptance (LOA), issued on 18th March 2025, marks a crucial milestone for the company in the infrastructure sector.

Project Overview: Strengthening National Connectivity

The project involves the development of a six-lane, access-controlled greenfield highway spanning from Deori in Agra to Susera in Gwalior. Additionally, it includes overlaying, strengthening, and enhancing road safety features on the existing Agra-Gwalior section of NH-44. This initiative aims to improve connectivity across Uttar Pradesh, Rajasthan, and Madhya Pradesh.

Financials and Execution Timeline

With an estimated cost of ₹4,262.78 crore (inclusive of GST), the project will be executed under the Design-Build-Finance-Operate-Transfer (DBFOT) model at BOT (Toll) mode. The completion timeline for the project is set at 910 days from the appointed date.

GR Infraprojects Share Performance 

As of March 19, 2025, at 12:10 PM, the shares of GR Infraprojects Ltd are trading at ₹1,036.00 per share, reflecting a profit of 10.14% from the previous day’s closing price. Over the past month, the stock has registered a loss of 2.25%.

Conclusion

The awarding of this contract reinforces G R Infraprojects’ position in India’s road infrastructure sector. The company has committed to providing timely updates on project developments, ensuring transparency and efficiency in execution.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Nazara Technologies Acquires 8.97% Stake in Absolute Sports for ₹69.17 Crore

Nazara Technologies Ltd. has increased its stake in Absolute Sports Pvt. Ltd. from 91.03% to 100%, acquiring the remaining 8.97% equity for ₹69.17 crore. This acquisition makes Absolute Sports a wholly owned subsidiary of Nazara.

As of March 19, 1:18 PM, Nazara Technologies Ltd. is trading at ₹948.90, up ₹12.45 (1.33%) today, but down 8.10% over the past 6 months while gaining 40.69% in the past year.

Transaction Details

The acquisition involved purchasing 18,330 equity shares of Absolute Sports from its eligible employees. Each share had a face value of ₹1. This transaction was carried out under the Share Purchase Agreement (SPA) signed on December 2, 2024.

Impact of the Acquisition

With this purchase, Nazara now has full ownership of Absolute Sports, consolidating its control over its operations, financials, and strategic decisions. The acquisition is part of an ongoing effort to streamline its subsidiaries under its corporate structure.

Filing and Compliance

Nazara Technologies informed stock exchanges of the acquisition through a filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously notified exchanges about the agreement on February 27, 2025.

Absolute Sports and Nazara

Absolute Sports is a sports media company that owns and operates Sportskeeda, a digital platform that covers various sports, esports, and gaming content. The company focuses on online sports coverage, including news, analysis, and opinion pieces on global and domestic sporting events.

Nazara Technologies operates across multiple regions, including India, the Middle East, Africa, and Europe. The company has investments in gaming, esports, and interactive entertainment.

Conclusion

The acquisition completes Nazara’s ownership of Absolute Sports, giving it full decision-making authority over the subsidiary. The company has recorded the transaction in compliance with regulatory requirements and informed stakeholders accordingly.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Cipla Signs Exclusive Licensing Agreement with Formosa for Ophthalmic Drug

Cipla has entered into an exclusive licensing agreement with Taiwan-based Formosa Pharmaceuticals to commercialise clobetasol propionate ophthalmic suspension (0.05%), known as APP13007. The agreement gives Cipla exclusive rights to market the drug in India, South Africa, Nepal, Sri Lanka, Bangladesh, Malaysia, Myanmar, Kenya, Nigeria, Argentina, and Colombia.

Following the announcement, Cipla Ltd shares were trading at ₹1,501.00, down by ₹7.65 (0.51%) as of 12:44 PM on March 19. Over the past six months, the stock has declined 8.35%, while it has gained 4.55% over the past year.

Drug Approval and Usage

APP13007 is a USFDA-approved, patent-protected ophthalmic drug developed for post-operative inflammation and pain management following ocular surgery. The formulation offers a twice-daily dosing regimen for 14 days without tapering, simplifying its usage compared to conventional corticosteroids.

Cipla’s Expansion in Ophthalmology

This is Cipla’s first multi-regional licensing agreement in ophthalmology. According to their regulatory filing, Achin Gupta, Global Chief Operating Officer at Cipla, stated that the agreement allows Cipla to expand access to the therapy across multiple countries. The company plans to utilise its commercial network to support the distribution of the drug.

Formosa Pharmaceuticals’ Role

Erick Co, President and CEO of Formosa Pharmaceuticals, said the company looks forward to working with Cipla to provide the treatment in new markets. Formosa Pharmaceuticals specialises in ophthalmic drug development and has been expanding its partnerships globally.

Conclusion

Cipla operates across multiple therapeutic areas and has been expanding its speciality drug portfolio. The ophthalmology market is to grow due to increasing eye surgeries and the demand for post-operative care solutions, as per the reports. This agreement adds to Cipla’s existing product line in the segment.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.