Ajanta Pharma, a prominent pharmaceutical company, has recently obtained clearance from the United States Food and Drug Administration (US FDA) for its Dahej facility following a comprehensive inspection. Notably, no Form 483, which signifies non-compliance issues, was issued by the regulatory authority after completing its audit of Ajanta Pharma’s Dahej facility on June 23. The US FDA audit, carried out by officials from June 19 to June 23, 2023, has been confirmed by the pharmaceutical company through its official stock filing.
Adani Power Limited, a leading energy company, announced the successful commencement of commercial operations at its state-of-the-art power plant situated in Godda District, Jharkhand. This significant milestone was confirmed through a stock exchange filing made by the company. As a result, Adani Power’s share witnessed a 2.89% surge, reaching ₹249.40 per share on the BSE at 1:48 pm.
In a recent development, Bharti Airtel, a leading telecommunications company, has announced the resignation of Ajay Chitkara, the Chief Executive Officer (CEO) of Airtel Business. Chitkara will continue to lead the company until the third week of August 2023.
Larsen & Toubro (L&T), a leading multinational engineering conglomerate, has recently announced its acquisition of significant orders in the power transmission and distribution sector, both within India and internationally. The total value of these orders ranges between INR 1,000 crore and INR 2,500 crore. The company’s stock has demonstrated strong performance, with a remarkable 13.67% increase year-to-date and an impressive 54.64% return in the past year, currently trading at INR 2,375 per share on the Bombay Stock Exchange (BSE).
In a recent development, Godrej Properties, a renowned real estate company, has received approval from its board of directors to release unsecured redeemable non-convertible debentures (NCDs) worth Rs 750 crore. This decision was made public through a regulatory filing by the company.
Mumbai: ICICI Bank Ltd, a leading private sector lender, has announced that its board will evaluate a proposal on 29 June regarding the delisting of equity shares of its stockbroking subsidiary, ICICI Securities.
City Union Bank
In a recent development, City Union Bank revealed its decision to raise Rs 500 crore through the Qualified Institutional Placement (QIP) route, aiming to fuel its business growth. The bank’s board of directors convened a meeting where they approved the capital raise plan via the QIP route, as stated in an official regulatory filing.
Aditya Birla Capital
Aditya Birla Capital, a leading financial services company, has recently commenced a qualified institutional placement (QIP) issue. The opening of the issue took place on June 26, 2023. According to a regulatory filing by the company, the floor price for the QIP has been set at ₹175.99 per share.
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