Q3 is likely to see the impact of partial or full wage hikes for INFO (rolled out from Nov 1), WPRO (rolled out from Dec 1) and HCLT (rolled out from Oct 1).
Although the stock has dropped more than 4% in December thus far, it had increased by more than 17% in November.
The company has received USFDA approval for its abbreviated new drug application (ANDA) for Allopurinol tablets USP.
According to the USFDA, the manufacturer is recalling the lot because it "failed impurities/degradation specifications".
According to a stock exchange filing made by Zee during the company's AGM on Saturday, these three would assume leadership roles as extra directors under the category of independent directors.
The merger will be completed on December 22, 2023, two years after the two media businesses signed a merger agreement.
Laurus has doubled its manufacturing capacities and has invested Rs20bn capex over FY22-24, which is not generating much revenue currently.
The valuation for fibre assets was in the region of Rs 10,000 crore to Rs 11,500 crore.
This is the investment firm's second sale in two months, and this time the profit was bigger due to the market surge.
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