Larsen & Toubro is currently trading at Rs. 1589.55, up by 2.40 points or 0.15% from its previous closing of Rs. 1587.15 on the BSE. The scrip opened at Rs. 1589.00 and has touched a high and low of Rs. 1597.75 and Rs. 1563.30 respectively. So far 36322 shares were traded on the counter. The … Read more
Acrysil has entered into an agreement for supply of Quartz Kitchen Sinks with Grohe, leading German Brand which is a part of Japanese major multi billions USD ‘LIXIL Group’. The agreement has potential to bring in additional revenues to the tune of around $7‐8 million (around Rs 50-60 crore) in next 3 years. Grohe has … Read more
Grindwell Norton has received approval for the conclusion and signing of definitive agreement, the establishment of a Limited Liability Partnership (LLP) entity in India with Shinagawa Refractories Company, Japan to manufacture Tap hole clay refractory products for the steel industry. The company will hold 49% and Shinagawa Refractories Company, Japan will hold 51% in the … Read more
AGC Networks’ wholly owned Subsidiary — AGC Networks Pte in Singapore and Black Box Corporation have entered into a definitive merger agreement under which AGC Singapore would acquire all the outstanding shares of Black Box for $1.08 per share in cash. The Black Box Board of Directors unanimously approved the merger agreement following a thorough … Read more
Eris Lifesciences has executed a share purchase agreement with Rakesh Dhuria, a promoter of Kinedex Healthcare, with the intent of increasing its ownership and control of the said subsidiary i.e. Kinedex by way of purchase of 12,239 equity shares of face value of Rs 10 each (equivalent to 6.71%). Prior to this transaction, the company … Read more
Strides Pharma Science’s step-down wholly owned subsidiary — Strides Pharma Global Pte, Singapore has entered into an exclusive product development, licensing and supply agreement with SUDA Pharmaceuticals for its novel drug SUD-001H, an oral spray of sumatriptan to treat migraine headache for the US market. Execution of Strides’ generic product pipeline for the US is … Read more
Unichem Laboratories has entered into an agreement to acquire 20% equity stake in the API and intermediate business of Hyderabad based Optimus group. The acquisition value is Rs 120 crore. The transaction will give the company access to Optimus’ US Food and Drug Administration (USFDA) approved API manufacturing facilities and Optimus will gain from the … Read more
