CuraTeQ Biologics, a step-down subsidiary of Aurobindo Pharma, has obtained marketing approval from the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA) for Bevqolva, its biosimilar to bevacizumab. Bevqolva Details Bevqolva is a 25 mg/mL concentrate for infusion, available in 4 mL (100 mg) and 16 mL (400 mg) single-use vials. It is administered via …
Bharat Global Developers Ltd. (BGDL) is a company incorporated on June 15, 1992. Initially established as Perfact Weavers Pvt. Ltd., it underwent multiple name and business changes before adopting its current identity. Unusual Stock Price Movements Between November 2023 and November 2024, BGDL’s share price skyrocketed from ₹16.14 to ₹1,702.95—a staggering 105-fold increase. This surge …
Shilpa Medicare Ltd, a leading pharmaceutical company, has achieved a significant milestone by securing Good Manufacturing Practice (GMP) certification from the European Union (EU). This certification was granted after a thorough inspection of its Unit VII facility in Hyderabad, marking a testament to the company’s commitment to quality standards. EU GMP Certification Following EMA Inspection …
RattanIndia Enterprises Limited has announced that its Board of Directors has approved an increase in the company’s investment in its wholly-owned UAE-based subsidiary, NEORISE TECHNOLOGIES FZCO (Neorise). Investment Details The investment will rise from AED 1 million to AED 5 million, through one or more tranches. This will include the conversion of a loan of …
Indus Towers Limited informed the exchanges about the complete divestment of Vodafone Shareholders’ stake in the company. Vodafone Shareholders Exit Indus Towers The Vodafone Shareholders, comprising entities such as Al-Amin Investments Limited, Asian Telecommunication Investments (Mauritius) Limited, and Vodafone Telecommunications (India) Limited, among others, have exited their shareholding as of December 5, 2024. Consequently, the …
Reliance Industries Limited (RIL) has announced that its wholly owned subsidiary, Reliance Digital Health Limited (RDHL), has entered into definitive agreements to acquire a 45% equity stake in Health Alliance Group Inc. (HAGI) for an aggregate consideration of USD 10 million. Details of the Acquisition HAGI, incorporated in December 2023 in Delaware, USA, focuses on …
Poonawalla Fincorp Limited has taken a significant step forward in the financial services sector by integrating Artificial Intelligence (AI) across its Human Resources (HR) Strategic Business Unit (SBU). This pioneering move aims to transform HR processes, set new operational standards, and promote innovation within the organisation. By incorporating AI, Poonawalla Fincorp seeks to streamline and …
Ksolves India Ltd announced on Friday that its board has approved a stock split in the ratio of 1:2. This means that each existing share with a face value of ₹10 will be divided into two shares with a face value of ₹5 each. The decision is expected to enhance liquidity and make shares more …
On December 20, 2024, Pfaudler GmbH, the German subsidiary of GMM Pfaudler Ltd., entered into an Investment and Shareholders’ Agreement (ISHA) to acquire a 51% stake in a Polish limited liability company. This joint venture is set to establish a new engineering and manufacturing facility in Poland, strengthening GMM Pfaudler’s manufacturing in Europe. Investment and …
Fortis Healthcare Ltd has initiated a significant acquisition in its material subsidiary, Agilus Diagnostics Ltd, enhancing its ownership stake in the diagnostics giant. The acquisition forms part of a larger strategy to strengthen its position in the diagnostics sector, aligning with Fortis’s growth objectives. IFC Stake Acquisition Details On December 20, 2024, Fortis Healthcare announced …
