Stocks in the news today: December 19 (Representative Image)
Photo: iStock
The company’s board today to consider the acquisition
Sun Pharma
Company has received warning letter from USFDA for erstwhile Halol facility. The letter summarizes violations of current Good Manufacturing Practices (cGMP) regulations
The company received the Letter of Acceptance (LOA) for the new HAM project pertaining to four lanes of the National Highway (NH)-563 Section of Karimnagar Warangal in Telangana. The order has a value of 1647.00 million euros.
The purchase will begin today through the open market
Five Star Business, Kaynes Technology, Inox Green Energy
The lockout period ends
UPL
The company announced the completion of KKR’s ₹2,474 crore ($300 million) investment in Advanta Enterprises for a 13.33% stake in the Global Pure Play Seeds Platform. This is part of the corporate realignment exercise announced in October 2022 to create four distinct business platforms: Global Crop Protection (ex-India), India Agtech, Global Seeds and Manufacturing & Specialty Chemicals.
Edelweiss Financial Service + L&T
Edelweiss-backed platform (EAAA) signed definitive agreements to acquire 100% stake in L&T Infrastructure Development Projects Limited (L&T IDPL) from shareholders L&T (51%) and CPP Investments (49%). The proposed acquisition will have an enterprise value of around INR 6,000 crore.
Phoenix Mills Limited
The company announced the acquisition of a 7.22-acre parcel of land centered on the city of Surat, Gujarat, for the development of a premium retail destination for around Rs 510 crore.