Dr. Reddy’s Laboratories has entered into a definitive agreement for the sale of its API manufacturing business unit located in Jeedimetla in Hyderabad, to Therapiva an emerging generics pharmaceutical company. This divestiture is being done by way of slump sale (as a going concern) and includes all related fixed assets (land and building), current assets, … Read more
Maruti Suzuki’s new Ciaz is India’s highest selling premium sedan in first half of 2018-19. The company has sold over 24,000 units of Ciaz during April-September 2018- 19. Currently, Ciaz accounts for 28.8% market share in the premium sedan segment. The new Ciaz was launched in August 2018 and has received a blockbuster customer response … Read more
Maruti Suzuki’s all new Dzire has become the preferred choice of 3 lakh customers in just 17 months. The third generation Dzire was launched in May 2017. The sales of new Dzire shot up by 28% compared to the previous generation car. The all new Dzire offers an irresistible package with latest technologies such as … Read more
VXL Instruments has sold its Property situated in Electronic City, West Phase, Konappana Agrahara Grama Panchayat, Bengaluru South Taluk in Bengaluru to Methode Electronics India. The land & building which the company has sold was developed for a different product era which was being manufactured by the company. These products required substantially more manpower & … Read more
India Value Fund IV has sold a little over six lakh shares or 1.8 per cent stake in TD Power Systems. The fund house has offloaded 2.52 lakh shares on the NSE at an average price of Rs 201.05 a share and 3.48 lakh shares on the BSE at Rs 201.01. As of December 31, … Read more
The company has sold back its entire equity investment in Bellezimo amounting to Rs 1.6 crore to the Promoter of Bellezimo Marico has sold back its entire equity investment in Bellezimo Professionale Products amounting to Rs 1.6 crore to the Promoter of Bellezimo. Earlier in October 2015, the company had made investment in equity share … Read more
New World Fund has sold 1.06 crore shares or 1% stake in Vakrangee through an open market transaction. It has sold the shares at Rs 253.27 per share on NSE. Vakrangee is the unique technology driven company focused on building India’s largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, ecommerce … Read more
