moved insolvency application against Mercator Ltd. to recover dues of above Rs50cr. Bank of Baroda and Axis Trustee have sought an intervention to ensure that assets pledged to them by Mercator's subsidiary are not included in the insolvency resolution process.
QIP Issue closed on Feb. 10. Board approved the issue price at Rs2,049 per share, which is at a discount of 18% to the closing price as on Feb. 10.
s South African arm signed an agreement securing originator and authorized generic brands of an atypical antipsychotic drug, Quetiapine. Cipla to market and distribute the Medicine in South Africa and neighbouring countries.
Info-Edge to acquire up to 25% stake in Sunrise Mentors for Rs37.1cr.
Setco Automotive received notice from Bank of Baroda under SARFAESI Act for Rs116.5cr and also for notice on the aforesaid loan. The company said that it had taken up the matter with the Bank for withdrawal of notice after submitting a restructuring plan in December.
Capacity Infraprojects received a contract worth Rs350.17cr from a private sector client in Mumbai under its commercial and institutional portfolio.
GMR Infra’s arm GMR Airports has achieved a concession commencement date to design, build and operate a new airport at Crete, Greece.
Camlin Fine Sciences’ manufacturing facility in Zhejiang, China is awaiting clearance from the Chinese Government to start its manufacturing. The delay has been caused due to the government’s direction to not open facilities in the province due to the outbreak of coronavirus.
DCM Shriram's 66MW power plant at Kota has become operational.
Vikas Proppant & Granite received sanctioning of its mining agreement by Mining Engineering, Jodhpur.