An electronic ticker board displays stock figures outside the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
3 years ago
Apr 27, 2023
The S&P BSE Sensex Index closed up 349 points or 0.58% at 60,649.30 while the NSE Nifty 50 Index was higher by 102 points or 0.57% at 17,915.05.
As part of the pan-India distribution pact, Udaan will make available Reliance Consumer's beverage brand 'Campa' to over 50,000 kirana stores initially. This distribution coverage will gradually expand to over 1 lakh retailers in two months.
Three new Campa flavours - Cola, Orange, and Clear Lime - to be available under various consumption ranges and price points on the udaan platform.
Udaan will also work on several retailer promotions to drive penetration.
It will issue secured, redeemable, non-convertible debentures on private placement basis to ESOF III Investment Fund managed by Edelweiss Alternate Asset Advisors Ltd. and EAAA.
Return profile is linked to Biocon Biologics' share price subject to minimum IRR of 12%.
Biocon will use the proceeds to invest as optionally convertible debenture in unit Biocon Biologics.
