New Delhi, Feb 28 (PTI) In one of the largest deals in the pharma and healthcare space, Biocon on Monday said its subsidiary Biocon Biologics will acquire Viatris Inc's biosimilars business for up to USD 3.33 billion (about Rs 24,990 crore). Biocon Biologics has entered into a definitive agreement with Viatris Inc to acquire its [...]
New Delhi, Feb 28 (PTI) Unichem Laboratories Ltd on Monday said it has received approval from the US health regulator to market its generic version of Divalproex Sodium extended-release tablets used for treatment bipolar disorder and migraine. The approval by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) [...]
New Delhi, Feb 26 (PTI) The government on Saturday permitted up to 20 per cent foreign direct investment (FDI) under automatic route in IPO-bound LIC with an aim to facilitate disinvestment of the country's largest insurer, sources said. The decision in this regard was taken by the Union Cabinet, chaired by Prime Minister Narendra Modi. [...]
New Delhi, Feb 26 (PTI) The Union Cabinet on Saturday permitted up to 20 per cent foreign direct investment (FDI) under automatic route in IPO-bound LIC with an aim to facilitate disinvestment of the country's largest insurer, sources said. The decision in this regard was taken by the Cabinet, chaired by Prime Minister Narendra Modi. [...]
Bikaji Foods International, a leading manufacturer of snacks and sweets, has filed preliminary papers with markets regulator Sebi for an initial public offer estimated to be worth Rs 1,000 crore. Certain shareholders of the Rajasthan-based company, including two promoters, plan to offload around 2.94 crore shares through the Offer For Sale (OFS) route. Bikaji was [...]
Mumbai, Feb 22 (PTI) Finance Minister Nirmala Sitharaman Tuesday said there is a lot of interest and buzz in the market for the upcoming initial public offering of Life Insurance Corporation of India (LIC). She also indicated that the Initial Public Offering (IPO) will happen in the current financial year. On February 13, the state-owned [...]
Mumbai, Feb 21 (PTI) The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities, the largest fund manger as well as holder of household savings, dwarfing even SBI deposits, as per a report. Holding [...]
New Delhi, Feb 21 (PTI) Subscribers of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are eligible for LIC initial public offering at a discount, Chairman of insurance company M R Kumar said on Monday. "PMJJBY is part of that and reservation will be there (for the policyholders)," Kumar said in an interaction with the media. [...]
New Delhi, Feb 21 (PTI) IPO-bound Life Insurance Corporation (LIC) on Monday said it would like to retain some stake in IDBI Bank so that the insurer continues to reap the benefits of the bancassurance channel. IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, following the acquisition of an additional [...]
