Actions that will take effect today: September 11, 2023

by MMC
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Cupid Limited, a leading manufacturer and supplier of male condoms, female condoms, lubricating jellies and in vitro diagnostic test kits, has been acquired by the Universal-Halwasiya group and family through Columbia Petro Chem Private Limited and Aditya Halwasiya, promoter of Universal Petro. Limited chemicals. The Universal-Halwasiya Group and the family have entered into a definitive agreement for the purchase of 41.84 per cent share capital/voting interest from the promoter/promoter group, subject to regulatory compliance and approval. In compliance with SEBI regulations, Universal-Halwasiya Group and Family has launched an open offer to acquire an additional 26% of the outstanding shares of Cupid Limited from public shareholders at Rs 325 per share.

Mazagon Dock Shipbuilders Ltd (MDL) has signed a Master Ship Repair Agreement (MSRA) with the US Government represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka. This is a non-financial agreement. There are only two shipyards in the country, including MDL, that have signed MSRA. The agreement is expected to open voyage repairs of U.S. Navy ships to MDL.

Adani Global Pte Ltd, Singapore, a wholly owned subsidiary of Adani Enterprises, has signed a joint venture agreement with Kowa Holdings Asia Pte Ltd, Singapore. The agreement covers the sale and marketing of green ammonia, green hydrogen and their derivatives produced and supplied by the Adani group in the agreed territory.

SJVN Green Energy, a subsidiary of SJVN, has signed a power purchase agreement with the Bhakra Beas Board for an 18 MW solar power project. The project, expected to be completed by August 2024, will be developed on BBMB land parcels in Himachal Pradesh and Punjab.

DroneAcharya Aerial Innovations Limited has launched BHUJANG (Battlefield Hybrid UAV for Joint Attack, Navigation and Guarding), a very high altitude, long range heavy drone with multiple capabilities. The launch took place on Saturday.

PVR Inox announced the launch of the first multiplex in Dharwad city, Karnataka at Smart City Mall. The new 4-screen multiplex offers a new-age cinema experience with unrivaled technology, comfort and tailor-made hospitality.

The board of directors of Captain Pipes Ltd is scheduled to meet on September 18 to discuss and approve the investment plan for setting up a new manufacturing unit at Ahmedabad in Gujarat.

Vakrangee has signed a binding agreement with private equity investor Aaviskaar Capital to acquire a 48.5 percent stake in Vortex Engineering, which caters to ATMs and, so far, has shipped more than 10 000 ATMs in India, Africa and South Asia, along with software. to complete the material. The acquisition will help Vakrangee achieve backward integration.

Schaeffler India has acquired 100 percent stake in KRSV Innovative Auto Solutions. The acquisition was finalized on September 8.

The Board of Directors of Dynamic Cables has reviewed and approved the expansion plan of the factory located at SKS Industrial Area, Reengus, Sikar, Rajasthan. The Board of Directors also approved the purchase of land measuring 25,091.00 square meters from Shiv Kripa Pipes Private Limited (related party of the Company). The proposed expansion of its Reengus plant will increase annual capacity of up to 5,000 KMS of specialty cables and conductors based on their specifications.

The Board of Directors of Fedders Electric and Engineering Limited has given its approval/consent for the issue and allotment of 58 lakh cumulative non-convertible redeemable preference shares of face value of Rs 10 each at a premium of Rs 40, totaling Rs. 29 Crores to the promoter of the company, namely IM+ Capitals Limited.

Strides Pharma Science Limited (Strides) announced that its wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has received approval from the United States Food & Drug Administration (USFDA) for Sevelamer Carbonate for Oral Suspension USP, 0.8 g and 2.4 g. The product is bioequivalent and therapeutically equivalent to the reference listed medicinal product (RLD), Renvela for oral suspension, 0.8 g and Genzyme 2.4 g. The approval completes the Company’s Sevelamer Carbonate portfolio.

Yash Innoventures Ltd invested Rs. 40,000 or 40% of the total capital contribution of Yashashvii Yash Ventures LLP to carry out the project in Himatnagar, having as its objective construction and real estate and Gnanesh Bhagat Managing Director of the company was appointed designated partner on behalf of the company.

Ahasolar Technologies Limited has received a work order for consultancy services regarding a pre-feasibility report of solar power plant at different locations in India from Hindustan Petroleum Corporation Limited. The entire consultancy service costs around ₹30 lakh,

Prithvi Exchange has expanded its presence in Lucknow to offer foreign exchange services in the comfort of a contemporary and technological environment.

The Board of Directors of Albert David Limited has approved an investment of up to Rs 61.25 lakh in shares of Sunsure Solarpark Five Private Limited for captive consumption of solar energy as required under the provisions of the Protection Act. electricity, subject to applicable laws.

Natco Pharma wishes to inform that Celgene Corporation, Bristol Myers Squibb, Breckenridge Pharmaceutical Inc. and Natco Pharma Ltd. were named as defendants along with others in a U.S. antitrust lawsuit brought by Louisiana Health Service & Indemnity Company D/B/A Blue. Blue Cross and Shield of Losisiana and HMO Louisiana Inc., regarding Pomalidomide (Pomalyst).

Kirloskar Ferrous Industries Limited announced that commercial operations of the company’s ‘Mini Blast Furnace – I’ located at Koppal, Karnataka, have resumed with effect from September 7. Replacement of state-of-the-art equipment with bell-less equipment along with other allied equipment maintenance activities will result in improvement in operational efficiency of “Mini Blast Furnace – I”.

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