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Pharma stock falls 6% after company proposes divestment of majority stake in subsidiary

Pharma stock falls 6% after company proposes divestment of majority stake in subsidiary

Shares of this pharma stock under the mid-cap category fell up to 6 percent after the company agreed to the proposed divestment of a majority stake in its subsidiary company.  With a market capitalization of Rs 22,267.30 crores, the stocks of Glenmark Pharmaceuticals Limited started their trading session on Friday at Rs 815.95 and currently [...]
Inter Ministerial Discussion for Easing FDIs Underway: Official

Inter Ministerial Discussion for Easing FDIs Underway: Official

According to a top government official, there is currently inter-ministerial discussion about further easing restrictions on foreign direct investment in the space industry in order to draw foreign players and private businesses. According to the official, there is a ton of room for foreign businesses to invest in India's rapidly expanding sector. The proposal to [...]
Fundamentally strong Chemical stock that is trading at a discount of 30% to keep an eye on

Fundamentally strong Chemical stock that is trading at a discount of 30% to keep an eye on

A stock is said to be ‘fundamentally strong’ when it portrays a specific set of characteristics such as consistent and improving financials, favourable leverage ratios, etc.  Listed below is one such fundamentally strong stock that is trading at a discount of up to 30 percent from its 52-week high level:  Anupam Rasayan India Limited  With [...]
Everything you need to know about the Crompton-Butterfly Merger

Everything you need to know about the Crompton-Butterfly Merger

To acquire a 55% stake in certain Butterfly trademarks from promoter group entities for a sum of Rs. 30.38 crore, at a price of Rs. 1,403 per equity share, Crompton Greaves signed definitive agreements with some members of the promoter group of Butterfly Gandhimathi Appliances Ltd. ("Butterfly") in February 2022. In order to purchase up [...]