In today’s trade, shares of Manappuram Finance, Kotak Bank, Nazara Technologies, United Breweries among others will be in focus due to various news developments.
Manappuram Finance
Manappuram Finance on Wednesday said that its subsidiaries — Asirvad Micro Finance and Manappuram Home Finance — have received approvals from the Reserve Bank of India for indirect change in control and management of the respective companies by Bain Capital.Torrent Pharma
Zydus Lifesciences and Torrent Pharmaceuticals have inked a licensing and supply agreement to co-market diabetes treatment medication Semaglutide Injection in the Indian market.Under the terms of the agreement, Zydus will manufacture and supply the product, while Torrent Pharma has received semi-exclusive rights to co-market the product in India under its own brand name Sembolic
Kotak Bank
Standard Chartered is reviewing offers from Kotak Mahindra Bank and Federal Bank to acquire the British lender’s up to 600,000 customers in India who only have credit card accounts, Reuters reported. The potential divestment is part of StanChart’s strategy to reduce focus on single-product clients
Nazara Technologies
Nazara Technologies announced that its wholly owned subsidiary, Nazara Technologies UK has signed definitive agreements to acquire a 50% controlling stake in Bluetile Games SL and BestPlay Systems SL for a consideration of $100.3 million (Rs 918 crore)United Breweries
The company has received environmental clearance (EC) under the EIA (Environmental Impact Assessment) for the proposed Greenfield Brewery with capacity of 1.3 million hectolitres per annum in Uttar Pradesh, subject to conditions.