Dr Reddy's Laboratories said that United States Food & Drug Administration (USFDA) has maintained official action indicated (OAI) status of company's active pharmaceutical ingredient (API) manufacturing plant at Srikakulam, Andhra Pradesh after the audit. The company has received the establishment inspection report to that effect. The USFDA has asked the company for more details. The company is providing those details and continuing to engage with USFDA for resolution of pending issues. The announcement was made on Sunday, 25 February 2018.
Aster DM Healthcare is set to list on the bourses today, 26 February 2018. The issue price has been fixed at Rs 190 per share. The initial public offer (IPO) of the company was subscribed 1.31 times. Aster DM Healthcare is a Kochi-based (Kerala) healthcare service provider, with operations in Gulf Cooperation Council (GCC) states of the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain, India and Philippines.
Axis Bank will be in spotlight. With regard to media report titled "Axis Bank asks CIO Amit Sethi to Resign", the bank issued a clarification on Friday, 23 February 2018. Axis Bank said that in terms of its code of conduct and ethics, certain related matters are being subjected to internal investigation and in view of the same, it is unable to offer any comments in the matter.
Further, the said internal investigation is being conducted in the ordinary course of the business of the bank and is not material to the operations of the bank, Axis Bank said. The clarification was issued after market hours on Friday, 23 February 2018.
Idea Cellular announced the successful closure of its qualified institutions placement (QIP). The company has allotted 42.42 crore equity shares to qualified institutional buyers (QIBs), at an issue price of Rs 82.50 per share, aggregating to Rs 3500 crore. The announcement was made after market hours on Friday, 23 February 2018.
Nitin Spinners said that its board of directors approved issue of 6.68 lakh shares to one of the company's promoters, namely, Redial Trading & Investment at an issue price of Rs 120.50 per share on preferential basis aggregating Rs 8.05 crore. The announcement was made on Saturday, 24 February 2018.
Dena Bank said that the issue committee of the board fixed the issue price of Rs 26.89 per equity share for issue of equity share to Government of India on preferential basis. The announcement was made after market hours on Friday, 23 February 2018.
Bharti Airtel and Motorola Mobility India announced a partnership to offer a range of budget friendly 4G smartphones under Airtel's 'Mera Pehla Smartphone' initiative. The announcement was made after market hours on Friday, 23 February 2018.
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