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The sale was formalized through a deed of conveyance on September 26, 2024, encompassing both the land and building associated with the property.

Earlier this week, Bahadur Dastoor resigned as the company's Chief Financial Officer (CFO), effective September 21.

The company's claimed reasons for the split include increased share liquidity, affordability, and a broader investor base.

Viyash manufactures active pharmaceutical ingredients (APIs) and drug formulations for the human health segment.

The estimated total investment for these projects is around ₹48,000 Crore, which is anticipated to create nearly 8,400 direct and indirect jobs.

However, it is unclear whether the Hyderabad-based company will be Cobenfy's exclusive supplier.

This collaboration reinforces NTPC's commitment to enhancing its renewable energy portfolio, aligning with India’s sustainable energy goals.

Sector-wise, gains were seen in the auto, metal, IT, pharma, and oil & gas sectors, while realty, power, banking, media, FMCG, and telecom indices declined by 0.3-1%.

This strategic collaboration aims to boost operational capabilities and contribute significantly to India’s renewable energy landscape.

The order is for the procurement of materials and installation of a solar power producing plant of 130 MWp/100 MWac.