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Shares of Aurobindo Pharma, Vimta Labs, Natco Pharma, Power Grid Corporation of India and Apollo Micro System will be in focus on Monday.
Here are the notable corporate announcements that came after Friday's market hours:
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- Aurobindo Pharma: US FDA inspection at AuroPeptides concluded with one facility/equipment maintenance observation, with no data-integrity or GMP compliance concerns.
- Vimta Labs: Detected a cybersecurity incident affecting part of its IT infrastructure; although operations and customer services remain fully functional
- Natco Pharma: U.S. FDA inspection concluded with 4 observations at its Visakhapatnam FDF facility
- Power Grid Corporation of India: Declared successful bidder for Gujarat renewable energy transmission project under TBCB; received LoI for BOOT project with discovered tariff of Rs 822.91 crore per annum.
- Apollo Micro Systems: SEBI permitted Premier Explosives open offer process to commence within 12 working days of CCI approval; offer to acquire up to 26% stake (1.40 crore shares) at Rs 698/share.
- Urban Company: Urban Company sued Kent RO for allegedly defaming and disparaging its NATIVE water purifiers through ads calling its 2-year filter/service-life claims a “marketing gimmick” and “unsafe.” Kent RO told the Delhi High Court it would remove the disputed ads within 15 days of Aug. 12 and refrain from similar disparaging claims; other patent and tortious-interference cases between the companies remain pending.
- Zee Entertainment: Company allotted 20.9 crore fully convertible warrants at Rs 126 to promoter group. The company received 25% of total Rs 660 crore upfront and these warrants will be convertible to shares within 18 months. Stake post conversion will increase to 17.9%.
- NTPC Green: Secured 500MW Contracted capacity at a discovered tariff of Rs 6/kWh.
- Kaynes: Signs MoU with BOSGAME to build a strong computing presence in India. BOSGAME is a technology company focused on intelligent computing products, including mini PCs and laptop product lines.
ALSO READ: 'Unsafe And Risky': Urban Company Sues Kent RO Over NATIVE Purifier Ads
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