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Mahindra & Mahindra in focus

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Last Updated : Mar 12 2020 | 9:04 AM IST

Mahindra & Mahindra signed a share purchase agreement for purchase of additional 34,249 Equity Shares of M.I.T.R.A. Agro Equipments (Mitra), an Associate of the company, from its existing shareholders. The company currently holds 26% (on a fully diluted basis) of the equity share capital of Mitra, and post completion of the above transaction, the Company will hold approximately 39% of the equity share capital of Mitra on a fully diluted basis.

Biocon said the company has won a US court ruling that invalidated a Sanofi patent on the insulin Glargine, removing a key legal hurdle for commercialization of the product Semglee co-developed with Mylan, in the US. .

Canara Bank has allotted Basel-III compliant tier-II bonds worth Rs 3,000 crore.

KPIT Technologies said the company has entered into an agreement with Vayavya Labs and its shareholders for acquiring majority stake in the company. As per the filing, the company plans to buy 78.47% stake in Vayavya Labs for Rs 24.56 crore.

Piramal Enterprises said that of the 5,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of Rs 10,00,000 each, issued by the Company on 21 December, 2018 and listed on Wholesale Debt Market Segment of NSE, the company repurchased 1,500 Debentures. The said repurchased debentures are being extinguished and upon such extinguishment, an aggregate 3,500 Debentures shall remain outstanding.

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First Published: Mar 12 2020 | 8:36 AM IST

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