Gland Pharma said it is not aware of any information that promoters Fosun Pharma or parent Fosun International are considering sale of shares of the company.
Source: Exchange filing
The fund will invest Rs 500 crore in NCDs issued by Sanghi Industries Ltd and Rs 50 crore in another group company.
This infusion will help the company’s liquidity profile, and enhance its operations.
Sanghi Industries is part of the Ravi Sanghi Group and manufactures and distributes cement under the brand Sanghi Cements.
Source: Company statement
SBI board has approved a proposal to raise Rs 10,000 crore via infrastructure bonds during FY23.
This includes a green shoe option of Rs 5,000 crore.
The proposed sale will be through a public issue or private placement.
Source: Exchange filing
The broader indices underperformed their larger peers, with the mid-cap losing 0.20%, while small-cap remaining flat.
The large-cap almost mirrored its large peers, gaining 0.57%
Twelve out of the 20 sectoral measures complied by BSE Ltd. advanced, with BSE FMCG gaining the most over 1%.
The market breadth is skewed in favour of the bulls. About 1,816 stocks rose, 1,571 fell and 159 remained unchanged.
Tata Motors and IndusInd Bank have inked a pact to offer electric vehicle dealer financing solutions to its passenger EV dealers.
IndusInd Bank will provide additional inventory funding and ‘attractive’ pricing to authorised EV dealers of Tata Motors
Additional inventory funding will be over and above ICE finance limit of dealers.
Repayment tenure will range from 60 days to 75 days.
The lender will also offer additional limit to cater to high demand phases, available to dealers twice a year.
Source: Exchange filings
Hindustan Aeronautics Ltd. has given additional charge of chairman and managing director to C B Ananthakrishnan, the director (finance) of the company, for a period of three months from Nov.1 or till a new incumbent is named.
The stocks was trading with the losses of 0.49% on exhanges.
Source: Exchanges
The small-cap index gained 0.41%, while mid-cap index underperformed by remaining flat.
Fifteen of the 19 indices compiled by BSE advanced with utilities and power gaining the most.
The market breadth is skewed in favour of the bulls. About 1,809 stocks rose, 895 fell and 125 stocks remained unchanged.
Yield on the 10-year bond opened flat at 7.28% on Tuesday.
Source: Bloomberg
Indian currency appreciated by 8 paise to 81.57 at the open against the greenback on Tuesday. It closed at 81.66 on Monday.
Source: Bloomberg
The board of Adani Enterprises has sought shareholders’ approval to raise funds via a postal ballot by December 30.
The board had earlier approved raising Rs 20,000 crore via FPO on November 25.
Source: Exchange filing
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