The acquisition will be carried out by TIL's indirect subsidiary, Mundi Ltd, with the transaction expected to conclude in three to four months
The recent orders are slated for delivery between mid-2024 and December 2025.
On December 15, early trading saw a 5% spike in the price of Panacea Biotec's shares.
Two 300 mw units each make up the fully operational first phase of Lanco Amarkantak, while two 600 mw units make up the second phase, which is now under construction.
"Discussions with investment banks have taken place but the plan (for sale of generic API business) is still on the drawing board," according to the report.
The new cement plant, which would cost Rs 3,500 crore, can produce 3.5 million tons of cement a year.
Through its corporate social responsibility initiative, Kotak Karma, Kotak Mahindra Bank is providing funds to IIT-K for its founding with the goal of advancing outreach, research, and pedigree education.
The first of its sort will be located approximately 550 kilometres away in Coimbatore and would be dedicated to developing, testing, and integrating automotive software solutions to provide innovative solutions for global customers.
The company stated in its regulatory filing that its partnership with CMTI will be concentrated on predictive maintenance for manufacturing processes and machinery.
The focus will be on life, health, and general insurance for both group and individual policies
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