Cipla after market hours on Thursday, 20 June 2013, said that it has received approvals from the South African and Botswana competition authorities for acquiring Cipla Medpro South Africa (Medpro) either by Cipla or through its nominated subsidiary. The implementation of the scheme is still subject to various other approvals and conditions, including regulatory and government approvals, Cipla said.
FMCG major Hindustan Unilever (HUL) will be watched as the open offer by the company's foreign parent Unilever PLC opens today, 21 June 2013. The open offer closes on 4 July 2013.
Through the open offer, Unilever aims to acquire additional 48.70 crore shares, or 22.52% stake in HUL at Rs 600 per share. As on 31 March 2013, foreign promoters held 52.48% stake in HUL. After the open offer, holding of foreign promoters will rise to 75% in HUL. Shares of HUL closed at 0.27% lower at Rs 593.15 on Thursday, 20 June 2013, on BSE.
Infosys announced after market hours on Thursday, 20 June 2013, that it has joined Open Data Center Alliance (ODCA) as a contributing member. Infosys will contribute its proven expertise in cloud and big data to ODCA's mission of developing a unified vision for an enterprise's cloud and big data requirements based on open, interoperable standards. Infosys will contribute to working groups that will focus on strengthening industry standards in areas like interoperability, manageability, businesses processes and governance.
Idea Cellular has revised data tariff in eight circles across the country. Idea users can now access data for 2 paise per 10 KB which the company claims is a 90% reduction in the existing tariff of 2 paise per KB. Idea's new data tariff will be applicable starting 1 July 2013 and the offer will be valid for 90 days. Idea users in the eight circles of - Tamil Nadu & Chennai, Karnataka, Kolkata, West Bengal, Assam, North East, Bihar, and Orissa - will benefit from the revised data tariff on both, prepaid and postpaid 2G plans.
Dabur India turns ex-dividend today, 21 June 2013, for final dividend of 85 paise per share for the year ended 31 March 2013.
Atul turns ex-dividend today, 21 June 2013, for dividend of Rs 6 per share for the year ended 31 March 2013.
Shriram Transport Finance Company turns ex-dividend today, 21 June 2013, for final dividend of Rs 4 per share for the year ended 31 March 2013.
Vijaya Bank turns ex-dividend today, 21 June 2013, for dividend of Rs 2.50 per share for the year ended 31 March 2013.
Future Retail turns ex-scheme of arrangement today, 21 June 2013. As per the scheme, shareholders will receive 1 fully paid equity share of Rs 2 each of Future Lifestyle Fashions (FLFL) for every 3 equity shares of Rs 2 each held in Future Retail. Further, the shareholders will receive 1 fully paid equity share of Rs. 2 each of FLFL for every 3 Class B (Series-1) shares of Rs 2 each held in Future Retail.
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