Sun Pharmaceutical Industries
Subsidiary Sun Pharma Canada Inc has attained a nod from Health Canada for WINLEVI (clascoterone cream 1%). It is the first and only androgen receptor inhibitor approved to treat acne vulgaris (acne) topically in patients 12 years of age and older.
HDFC Asset Management Company
It is anticipated that Abrd Investment Management (formerly Standard Life Investment) will be exiting HDFC AMC by selling its entire stake in the company, 10.2% equity shares of 2.18 crore via block deals today. The price at which the shares will be sold might range between 1,800-1,892 per share.
HDFC
The Company has signed official documents to sell the BPEA EQT group and ChrysCapital group approximately 13.29 crore equity shares, or 90% of HDFC Credila, for about Rs 9,060.49 crore. Following the proposed transaction, HDFC Credila will not be a subsidiary of the Corporation, and the Corporation will own less than 10% of HDFC Credila. The purchasers include the ChrysCapital group’s Moss Investments, Defati Investments Holding BV, and Infinity Partners as well as Kopvoorn BV, a unit of the BPEA EQT group, and Kopvoorn BV.
Can Fin Homes
The housing finance firm has obtained approval from the board for increasing funds up to Rs 4000 crore using debt instruments and Rs 1,000 crore through qualified institutional placement, preferential allotment, or Rights issue. The board also asked shareholders for their consent before raising money. With effect from June 19, it appointed Ajay Kumar Singh as an additional director and whole-time director with the designation of deputy managing director, and Murali Ramaswami as an additional director (independent non-executive director).
ITC
The company has entered into binding agreements to purchase an additional 857 Mother Sparsh compulsorily convertible preference shares for a total price of Rs 11.54 crore. As a result, its ownership interest in Mother Sparsh will soar from 22% to 26.50%.
IndiaGlobe Aviation
The low-cost carrier has ordered 500 Airbus A320 Family planes. Delivery of the order will take place between 2030 and 2035. Currently, a mix of A320NEO, A321NEO, and A321XLR aircraft are on IndiGo’s order-book.
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