Zee Entertainment Enterprises Ltd. (ZEEL) shareholders have approved a plan to raise to Rs.2,000 crore through a share sale as the company seeks new investors following the collapse of its merger with Sony. The proposal received huge support, with 98.79% of shareholders voting in favor. Following the announcement, Zee’s shares were around 4% higher, trading …
Zydus Lifesciences Limited announced in a stock exchange filing that it has entered a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company. The agreement is to market Vonoprazan, a novel Potassium Competitive Acid Blocker (P-CAB), in India under the brand name Vault®. This agreement aims to address the significant prevalence of Gastroesophageal Reflux Disease (GERD) …
In the latest stock exchange filing, Asian Paints announced its Q1 FY 2025 financial results, revealing a mixed performance across its various business segments. The company’s consolidated net sales declined by 2.3%, dropping to ₹8,943.2 crore in the quarter ended June 2024 from ₹9,153.8 crore in the same period last year. This decline was reflected …
TVS Motor Company announced through a stock exchange filing that Norton Motorcycles, now under its umbrella, revealed ambitious investment and growth plans aimed at positioning the brand for international expansion. At the Goodwood Festival of Speed, Norton’s senior leadership team, including Sudarshan Venu, Dr Robert Hentschel, and Richard Arnold, emphasised their vision for the brand …
Radico Khaitan Limited has announced in a stock exchange filing the introduction of the award-winning Sangam World Malt Whisky to the Indian market. The company stated that Sangam was launched just a year ago and has already earned international acclaim. Its debut in India marks a significant milestone in its remarkable journey. Whisky enthusiasts across …
Vikas Lifecare Limited has provided an update on its acquisition deal involving Ebix Inc., announced in a recent stock exchange filing. The acquisition, spearheaded by a consortium led by Eraaya Lifespaces Limited, involves a significant financial commitment aimed at acquiring 100% of the equity in Ebix Inc. The consortium, which includes Vikas Lifecare Limited as …
UltraTech Cement Ltd has announced in a stock exchange filing that it has entered into a Power Purchase Agreement and a Share Subscription and Shareholders Agreement to acquire a 26% equity stake in Amplus Omega Solar Private Limited. Amplus Omega Solar is involved in generating and transmitting renewable energy. This aligns with UltraTech’s strategic goals …
On July 16, 2024, Exide Industries Limited announced an investment of ₹74,99,99,988 in its wholly-owned subsidiary, Exide Energy Solutions Limited, through a rights issue. This brings Exide Industries’ total investment in EESL to ₹2577.24 crore. Nature of Acquisition and Related Party Transaction Exide Energy Solutions Limited (EESL), as a wholly owned subsidiary of Exide Industries …
Axis Bank Limited, previously known as UTI Bank, is a major Indian multinational bank and financial services provider which ranks as the third-largest private sector bank in India by assets and the fourth-largest by market capitalization. Market Expectations Axis Bank is anticipated to report strong growth in its Q1FY25 results, along with a rise in …
On July 18, 2024, Central Bank of India Ltd announced financial results for the quarter ended June 30, 2024. Performance Highlights On Year On Year Basis Central Bank of India Ltd showed notable growth across various metrics in the latest financial results. Total business expanded by 8.97% to reach ₹ 6,35,564 crore, up from ₹ …
