Stocks in the News: Axis Bank, Mankind Pharma, Bank of Baroda, Laurus Labs, Wipro
Axis Bank
Private equity firm Bain Capital is likely to sell a minority stake worth Rs 3,700 crore in Axis Bank through a block deal on Wednesday, according to media reports.
humankind pharmaceutical
Mauritius-based Beige Ltd sold part of its stake in Mankind Pharma in a block deal on Tuesday. Investors sold around 1.44 billion shares or 3.6% stake at Rs 1,832 each, taking the transaction value to Rs 2,640 crore.
Read more: Here are the trading setups for today’s session:
bank of baroda
A meeting of the bank’s capital raising committee is scheduled to be held on December 15 to discuss and finalize the size of the first tranche of Tier II/sub-bond issuance within the capital raising plan approved by the board.
Silpa Medicare
Shilpa Medicare’s Bengaluru division has received approval from the Australian TGA for manufacturing, labeling, packaging and testing of medical oral dissolution films (wafers).
Equitas Microfinance Bank
The Board of Directors approved the appointment of Ashwini Biswal as Chief Compliance Officer of the bank for a five-year term.Laurus Laboratories
The US FDA issued Form 483 with five observations after inspecting the subsidiary’s manufacturing facility in Parawada.
Wipro
Wipro announced a new agreement with RSA, one of the world’s leading property and casualty insurance companies, to accelerate RSA’s cloud migration and help build a compliant, secure and scalable IT infrastructure.
