Piramal clarifies on reports of acquiring majority stake in DHFL
Piramal Enterprises in its filing to the exchanges on Thursday clarified on a media report that stated Piramal, Baring PE in talks to acquire the majority stake in DHFL.
The company said that no such proposal as referred to in the captioned news article has been placed for approval of the board or any of its Committee.
"Further, in response to your query regarding the increase in the price of the company's scrip, we would like to inform you that we are not aware of any information/announcement which in our opinion may have a bearing on the price/volume behavior in the scrip of our company," the company said in a press note to the exchange.
Infosys, ABN AMRO sign strategic partnership in Netherlands
Infosys, a global leader in next-generation digital services and consulting, announced a strategic partnership with ABN AMRO. This partnership strengthens Infosys position as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies, and further enhances the company strategy to help clients navigate their next digital transformation journeys.
As part of the announced partnership, Infosys will acquire 75% of the shareholding in Stater N.V., a wholly owned subsidiary of ABN AMRO Bank N.V., that offers pure-play, end-to-end mortgage administration services in the Netherlands, Belgium and Germany. ABN AMRO will continue to hold the remaining 25% of the shareholding.
DHFL soars on reports of Piramal, Baring PE eyeing majority stake in the company
Shares of DHFL soared ~10% after media report stated that Piramal Group and Baring Private Equity (PE) were in advanced stage of negotiations to acquire the majority stake in the housing finance company.
Earlier this month, Kapil Wadhawan had said that the company has engaged with large potential entities to identify and onboard the right strategic partner and are in advanced stages of discussions to achieve the same over the next 90 days, the media report added.
Bank of Baroda gains 4% on government decision to infuse Rs5,042cr in bank
Bank of Baroda, in its filing to the exchanges on Thursday, informed that the government has conveyed the decision to infuse the capital of Rs5,042cr in the bank. Reacting to this, shares of the bank climbed 4% on the BSE.
"The capital infusion will be by way of preferential allotment of equity shares (Special Securities /Bonds) of the bank during FY19 as government's investment," the bank said in a press note.
Unichem Lab stock gains after receiving USFDA nod for Tadalafil tablets
Shares of Unichem Laboratories gained over 2% in the morning trade after the pharma company has received final Approval for its ANDA, Tadalafil Tablets, 2.5 mg, 5 mg 10 mg and 20 mg from the USFDA for a generic version of ELI LILLY's Cialiss, 2.5 mg, 5 mg, 10 mg and 20 mg.
Unichem's Tadalafil Tablets are indicated for the treatment of erectile dysfunction (ED), the signs and symptoms of benign prostatic hyperplasia (BPH), and ED and the signs and symptoms of BPH (EDIBPH).
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