Carysil UK Ltd., a subsidiary of Carysil Ltd., is set to acquire the remaining 30% stake in Carysil Brassware Ltd., a Yorkshire-based company. The £350,000 deal will give Carysil UK full ownership of the business, which specializes in kitchen and bathroom products, including the popular ‘Instant Boiling Water Tap.’ What’s Behind the Deal? Carysil UK …
UPL Global Limited (UGL), a step-down subsidiary of UPL Corporation Limited (UCL), acquired an 80% stake in PT Excel Meg Indo, Indonesia (PT Excel). On August 27, 2024, UPL Limited announced that UGL has now acquired the remaining 20% stake in PT Excel. The acquisition of the remaining 20% stake in PT Excel by UPL …
On August 27, 2024, Zydus Lifesciences Limited and its subsidiaries received final approval from the US Food and Drug Administration (USFDA) to market Amantadine extended-release capsules in 68.5 mg strength, along with a tentative approval for the 137 mg strength. These capsules, equivalent to Gocovri®, are used to treat dyskinesia in Parkinson’s disease patients who …
On August 28, 2024, a significant block deal involving Krishna Institute of Medical Sciences (KIMS) grabbed the market’s attention. Shares worth an estimated Rs 392.10 crore were traded in this transaction, with approximately 15.7 lakh shares, representing a 2% stake in the company, changing hands. The shares were traded at a floor price of Rs …
Tata Motors, according to the reports, is planning to see an increase in its weightage on FTSE indexes following the delisting of its ‘A’ Ordinary Shares on August 30, 2024. These shares, also known as Differential Voting Rights (DVR) shares, will be exchanged for ordinary shares. The company confirmed that it will remain in the …
On August 27, 2024, Kilburn Engineering Ltd announced in an exchange filing that it would raise up to ₹300 crore through a preferential allotment of shares and/or convertible warrants at ₹425 per share (including a premium of ₹415). This proposal is subject to approval by the members at the upcoming Annual General Meeting. The company …
Awfis Space Solutions Limited (Awfis), India’s foremost flexible workspace provider, has solidified its presence in Pune through a strategic partnership with Nyati Group. This alliance, which happens to be the largest under the Managed Aggregation (MA) Model, will significantly expand Awfis’s footprint in the city by adding 3 lakh square feet of premium Grade-A workspace. …
Asian Energy Services Limited (AESL), a leading provider of services to the energy and mining sectors, has announced a significant step towards its growth strategy. The company’s Board of Directors has approved the issuance of 48,00,000 fully convertible warrants at an issue price of ₹335 per warrant. These warrants will grant holders the right to …
Infibeam Avenues Limited has announced that its Artificial Intelligence division, Phronetic.AI, has secured contracts with a leading hospital chain and an international gas station chain for its inaugural AI product, ‘AI Facility Manager’. These contracts mark a significant milestone for Phronetic.AI, leveraging its advanced Theia Vision AI technology in the healthcare and energy sectors. The …
Popular Vehicles and Services Limited has announced the inauguration of a new service workshop by its 100% step-down subsidiary, Prabal Motors Pvt. Limited. Located in North Beed, Maharashtra, this new facility is dedicated to servicing Bharat Benz vehicles and features 4 service bays. The addition of this service centre marks the 10th service facility and …
