News Overview

The inspection by the USFDA had taken place between April 16 and 24. After the visit, the company disclosed one observation under Form 483.

Post-listing, the promoters intend to retain at least 51% ownership in the company.

For the bank, it’s a chance to offer more services under one roof and deepen relationships with existing customers.

The acquisition is expected to benefit from IL JIN’s wide manufacturing footprint, technical depth, and experience in electronics production.

Roughly 1.37 crore shares changed hands in the block window, representing about 6.06% of the company’s total outstanding equity.

The resolution was passed during an extraordinary general meeting (EGM) held recently.

The company plans to develop a residential plotted township on the site and expects to generate revenue of over ₹1,250 crore through plot sales.

Alembic Pharmaceuticals shares have gained 10% in the last year, dipped 2.8% in the year-to-date, and gained 2.3% in the previous month.

The acquisition values JB Chemicals at ₹25,689 crore on a fully diluted basis, according to the company’s official announcement.

This is the third significant contract awarded to ITI under the BharatNet Phase-3 initiative.