Dr Reddy's Laboratories said it launched Paricalcitol injection, USP, a therapeutic equivalent generic version of Zemplar (paricalcitol) injection in the United States market approved by the US Food & Drug Administration (USFDA). The Zemplar brand and generic had US sales of approximately $22.5 million MAT for the most recent twelve months ending in July 2016 according to IMS Health. Dr. Reddy's Paricalcitol Injection is available in 2 mcg, 5 mcg, and 10 mcg, and is the first ANDA product launched in the US market. The announcement was made after market hours yesterday, 19 September 2016.
Asian Paints announced after market hours yesterday, 19 September 2016, that as a part of the company's plan to consolidate its investments in the overseas subsidiaries, Asian Paints (International) (APIL), Mauritius, a wholly owned subsidiary of the company, has transferred its entire holding of 99.18% held in the subsidiary company, Asian Paints (Lanka), Sri Lanka, to Berger International, Singapore, a wholly owned subsidiary of APIL. The transfer process has been completed on 19 September 2016.
Mahindra & Mahindra (M&M) announced that India Ratings and Research (Ind-Ra) has assigned 'Provisional IND AAA' rating with stable outlook for the company's proposed issue of Rs 475 crore non-convertible debentures. The ratings agency has also assigned 'IND A1+' rating for the company's proposed issue of Rs 700 crore commercial papers. The announcement was made after market hours yesterday, 19 September 2016.
Oriental Bank of Commerce said that the issue of Basel III Compliant Additional Tier 1 Bonds (private placement) was opened on 16 September 2016. The issue was fully subscribed to the extent of Rs 1000 crore and bonds were allotted on 16 September 2016. The announcement was made after market hours yesterday, 19 September 2016.
Canara Bank said that at a meeting of the board of directors of the bank is scheduled on 23 September 2016, note the consent of the Government of India on infusion of capital and rights issue. The bank will consider raising of capital by way of a rights issue and strengthening of Capital to Risk weighted Assets Ratio (CRAR) of the bank. The announcement was made after market hours yesterday, 19 September 2016.
Reliance Infrastructure announced that the board of directors of the company approved to amend the Object Clause of the Memorandum of Association of the company to include new activities relating to setting up any Trust, Funds including Venture Capital Funds, Infrastructure Investment Trust and Real Estate Investment Trust and other Alternative Investment Funds and defence business. The announcement was made after market hours yesterday, 19 September 2016.
Karur Vysya Bank said that the board of directors of the bank has considered and approved a 5-for-1 stock split. The announcement was made after market hours yesterday, 19 September 2016.
K.P.R. Mill has scheduled a board meeting on 5 October 2016, to consider stock-split proposal. The announcement was made after market hours yesterday, 19 September 2016.
Fiem Industries said that the fund raising committee of the board of directors approved allotment of 11.97 lakh equity shares of face value of 10 each to qualified institutional buyers at the issue price of Rs 1002 per share, aggregating to Rs 119.99 crore. The announcement was made after market hours yesterday, 19 September 2016.
Mangalam Cement said it has commenced commercial production of the new cement grinding unit with a capacity of 0.75 million ton per annum (MTPA) at Aligarh, Uttar Pradesh. The overall capacity is now enhanced from 3.25 MTPA to 4.00 MTPA. The announcement was made after market hours yesterday, 19 September 2016.
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