nifty Futures were trading 7 points or 0.05 per cent higher at 15,322.50 on the Singapore Exchange, indicating that Dalal Street was headed for a flat start on Monday.
The markets extended losses for the sixth consecutive session with the benchmark indices hitting 52-week lows in the previous session dragged by auto, FMCG, IT, pharma and oil and gas stocks. BSE Sensex It fell 135 points to 51,360, while Nifty 50 fell 67 points to 15,293 to form a Doji pattern on the daily chart. The index fell 5.6 per cent during the week.
Alkem Laboratories
The company received Form 483 with three comments after an inspection of its US unit. The US Food and Drug Administration (FDA) inspected the company’s manufacturing facility in St. Louis from June 6 to June 17, 2022.
Wipro
Wipro company Topcoder appointed CEO. Topcoder has appointed Doug Hanson as its Chief Executive Officer (CEO). The company said that in his new global role, Doug will be responsible for the success of Topcoder and its customers and partners.
Cipla
Cipla will buy 21 per cent stake in Acira Labs. The pharma company has signed an agreement to acquire 21.05 per cent stake in Acira Labs to develop affordable, innovative medical kits in India. The cost of acquisition is Rs 25 crore.
Vadilal Industries
The company has acquired KKC through its subsidiary Vadilal Industries USA Inc. The subsidiary signed a stock purchase agreement with ice cream parlor operator Krishna Kripa Corporation, USA (KKC) for subscription of shares, which would result in 100 per cent voting rights in the subsidiary KKC. The cost of acquisition is $0.25 million.
Aurobindo Pharma
Aurobindo acquired 51 per cent stake in GLS Pharma, which deals in oncology business and has a manufacturing facility in Hyderabad. The cost of acquisition of 51 per cent stake is Rs 28.05 crore.
Dileep Buildcon
Dilip Buildcon’s joint venture company RBL-DBL has been declared as the L-1 bidder for the Surat Metro Rail project in Gujarat. The order is worth Rs 1,061 crore. The company also received completion certificates for two road projects in Karnataka.
Nazra Technologies
The company has decided to make a further strategic investment of up to Rs 20.1 crore in Materials subsidiary Absolute Play By subscribing to optionally convertible debentures in one or more tranches, by acquiring shares of promoter Porush Jain and up to Rs 10 crore in Brandscale Innovations.
Galaxy Surfactants
SBI Mutual Fund had sold 1 lakh equity shares in the company through an open market transaction on June 16. With this his stake in the company has come down from 3.27 per cent to 2.98 per cent.
Indian Hume Pipe Company
The company has received a work order of Rs 110 crore from Public Health Engineering Department (PHED), Rajasthan. Under Jal Jeevan Mission (JJM) order for 10 years operation and maintenance for Cluster Water Supply Project Package-VII of Chambal Bhilwara Water Supply Project Phase II of Jahajpur-Kotri Tehsil of District Bhilwara. This project is to be completed within 15 months.
Engineers India
The company has won three separate projects from the specialty chemicals, sunrise and infrastructure sectors. It will provide consultancy services and the estimated order value of these projects is around Rs 80 crore.
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