💫Mindtree/ Larsen & Toubro Infotech: LTI board approves merger of Mindtree with company. The share exchange ratio is 73 shares of face value Re. 1 each of L&T Infotech for every 100 equity shares of Mindtree of face value Rs. 10.
💫Lupin: The company has received FDA approval for Pregabalin Capsules to market a generic equivalent of Lyrica capsules.
💫HCL Technologies: The has signed a definitive agreement for the acquisition of Confinale AG, a Switzerland-based digital banking and wealth management consulting specialist and Avaloq Premium Implementation partner.
💫Future Consumer: The company will sell its 18.58% stake in Amar Chitra Katha for Rs 13.62 crore.
💫Indostar Capital: The company flags off deviations from processes in commercial vehicle loan portfolio and may be required to make an additional estimated credit loss provisioning between Rs 557 crore to Rs 677 crore. Following the additional provisions, capital adequacy ratio of entity to reduce from 35.1% to 25%.
💫Surya Roshni: The company has received order of Rs 53.06 crore for supply of API- 5L Grade X 70 3LPE Coated pipes from GAIL (India).
💫Quess Corp: The company along with Fairfax Financial Holdings signed MoA with Christian Medical College Vellore, to set up a pediatric specialty centre at its Kannigapuram campus and have pledged Rs 300 crore for the cause.
💫Mahindra and Mahindra: The company clarified that there are no plans to split auto business in three units in response to media reports.
💫Coromandel International: The company has received NCLT approval for amalgamation of scheme of amalgamation of the wholly owned subsidiaries, Liberty Pesticides and Fertilizers Limited and Coromandel SQM (India) with the company.💫💫💫