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The Board approved raising of funds by way of offer and issue of equity shares to the existing members of the Company on Rights Basis.

The Board of Directors has proposed to incorporate one hundred per cent Subsidiary company to be established under the jurisdiction of Sharjah Media City Free Zone.

Sharad Kumar Saxena has vast, i.e. over 30 years of experience in IT, in two large service sectors — Railways and Banking.

On a yoy basis, the consolidated net sales of Indian companies were up 25.6%, largely helped by strong urban sales and price hikes by manufacturers across the board. The input cost pressures are evident from the fact that the gross profits have grown at just 17.9% despite higher growth in sales.

Begins operations of its temperature-controlled warehouse in Coimbatore and also makes a new facility for the e-commerce giant in Pune.

The silver bars have a purity of 99.9%, the company said.

Funds raised from Roots Ventures, Family office of Apar industries and Umesh Sanghvi, HNis and senior professionals from Reckitt, Google, 1BM amongst others.

The company will pay Rs918 crore to make CMDCL its wholly-owned subsidiary.

The Board has also approved the proposal for convening and holding of Extra-Ordinary General Meeting (EGM) of the shareholders of Company.

This deal allows Binnopharm Group to acquire anti-bacterial medicines under the Ciprolet and Levolet brands.