STOCKS IN ACTION 1 November
SBI: Deputy Managing Director and Chief Risk Officer Sureddi Srinivasa Rao to superannuate from his services at the close of business hours on Oct. 31. Rama Mohan Rao Amara will be entrusted as ‘Deputy Managing Director and Chief Risk Officer’ and will assume charge on Nov. 1.
ITC: The company acquired 2296 equity shares of Rs 10 each of Delectable Technologies. post-acquisition shareholding in the company now stands at 39.32%.
Lupin: The company received an EIR from the U.S. FDA for the Mandideep Unit-2 manufacturing facility. The inspection closed with the facility receiving the classification 'No Action Indicated'.
Tata Consumers: The company will merge three subsidiaries—NourishCo Beverages, Tata SmartFoodz, and Tata Consumer Soulfull Private—with itself. L. Krishnakumar, the Executive Director and Group CFO, resigned effective the close of business hours on Oct. 31, 2023. Navaneel Kar, President and Head of India Sales, submits his resignation w.e.f. Nov. 17. Current Senior CP of Strategy and M&A Punit Gup
GMM Pfaudler: Acquisition of Mixpro delayed by a month to Nov. 30.
SBI Cards: Company and Reliance Retail to roll out Reliance SBI Cards. Cardholders to benefit from Reliance Retail’s presence and large portfolio of brands and SBI Card's value propositions and offers
Mahanagar Gas: M. V. Iyer has ceased to be the Director and Chairman of the Company, w.e.f. Oct. 31. The board appoints Sandeep Kumar Gupta as Non-Executive Non-Independent Director, designated as Chairman of the Company, with immediate effect.
Bharti Airtel: The Department of Tax imposes a penalty of Rs 1.72 lakh for alleged violations of subscriber verification norms. The board approved the appointment of Douglas Anderson Baille as additional director, w.e.f Oct. 31, for a term of five years.
Zee Media: Company to strike off Zee Media Americas LLC, the entity formed by the company to be the wholly owned subsidiary of the company, in the State of Delaware, USA.
Zydus Lifesciences: Parties that entered the Sale and Purchase Agreement previously approved by the board have executed the SPA.
Newgen Software Technologies: The company received a purchase order for the supply, implementation and maintenance of trade finance and supply chain finance solutions. The aggregate value stands at Rs 18 crore, and the order is valid for five years.
Mankind Pharma: The board approves a scheme of amalgamation between Shree Jee Laboratory, JPR Labs and Jaspack Industries, wholly owned subsidiaries of the company, with the company and their respective shareholders and creditors, subject to requisite approvals and consents.
SBI: Deputy Managing Director and Chief Risk Officer Sureddi Srinivasa Rao to superannuate from his services at the close of business hours on Oct. 31. Rama Mohan Rao Amara will be entrusted as ‘Deputy Managing Director and Chief Risk Officer’ and will assume charge on Nov. 1.
ITC: The company acquired 2296 equity shares of Rs 10 each of Delectable Technologies. post-acquisition shareholding in the company now stands at 39.32%.
Lupin: The company received an EIR from the U.S. FDA for the Mandideep Unit-2 manufacturing facility. The inspection closed with the facility receiving the classification 'No Action Indicated'.
Tata Consumers: The company will merge three subsidiaries—NourishCo Beverages, Tata SmartFoodz, and Tata Consumer Soulfull Private—with itself. L. Krishnakumar, the Executive Director and Group CFO, resigned effective the close of business hours on Oct. 31, 2023. Navaneel Kar, President and Head of India Sales, submits his resignation w.e.f. Nov. 17. Current Senior CP of Strategy and M&A Punit Gup
GMM Pfaudler: Acquisition of Mixpro delayed by a month to Nov. 30.
SBI Cards: Company and Reliance Retail to roll out Reliance SBI Cards. Cardholders to benefit from Reliance Retail’s presence and large portfolio of brands and SBI Card's value propositions and offers
Mahanagar Gas: M. V. Iyer has ceased to be the Director and Chairman of the Company, w.e.f. Oct. 31. The board appoints Sandeep Kumar Gupta as Non-Executive Non-Independent Director, designated as Chairman of the Company, with immediate effect.
Bharti Airtel: The Department of Tax imposes a penalty of Rs 1.72 lakh for alleged violations of subscriber verification norms. The board approved the appointment of Douglas Anderson Baille as additional director, w.e.f Oct. 31, for a term of five years.
Zee Media: Company to strike off Zee Media Americas LLC, the entity formed by the company to be the wholly owned subsidiary of the company, in the State of Delaware, USA.
Zydus Lifesciences: Parties that entered the Sale and Purchase Agreement previously approved by the board have executed the SPA.
Newgen Software Technologies: The company received a purchase order for the supply, implementation and maintenance of trade finance and supply chain finance solutions. The aggregate value stands at Rs 18 crore, and the order is valid for five years.
Mankind Pharma: The board approves a scheme of amalgamation between Shree Jee Laboratory, JPR Labs and Jaspack Industries, wholly owned subsidiaries of the company, with the company and their respective shareholders and creditors, subject to requisite approvals and consents.
