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Gandhi's appointment is subject to approval by the Insurance Regulatory and Development Authority of India (IRDAI).

The IPO's price band is set at ₹258 to ₹272 per equity share with a face value of ₹10.

The company's board recommended a dividend of ₹6 per equity share on a face value of ₹1 each.

The NFO is available for subscription from May 15 to May 29. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment.

Cipla primarily develops drugs to treat respiratory disease, cardiovascular disease, arthritis, diabetes, depression, etc.

The company has also notified the exchanges of the resignation of Managing Director Ashish Gaikwad, who will now serve as the head of Indian business.

During the quarter, Mankind introduced four new drugs in the United States, bringing the total number of launched items to 39.

These changes are intended to safeguard investor interests in securities and foster the growth of the securities market, as per SEBI. Intermediaries are required to implement these changes from May 31, 2024, onwards.

ReNew has announced the signing of five Power Purchase Agreements (PPAs) for 2.2 GW of renewable energy (RE) capacity, bringing the total to 15.6 GW.

With this acquisition, Adani Energy Solutions' network grows to 21,182 ckt kms, with 18,109 ckt kms already operational and 3,073 ckt kms in progress.