Dreamfolks Services: The company, whose IPO was sold from August 24 to August 26, is commanding a healthy gray market premium of Rs 140-150 over its issue price of Rs 326. The premium suggests a strong listing on Tuesday.
: The company is pivoting from a prescription manufacturing service to an original device manufacturer (ODM) for smart TVs, having acquired sub-licensing rights for Google TV and Android TV from Google. The rights, announced by Dixon on Monday, will enable the firm to both design and manufacture smart LED
for third-party brands.
Cipla, :
, KKR-owned JB Chemicals and are in the final race for acquiring Medley Pharmaceuticals in a deal worth around ₹4,500 crore, said people aware of the development. Half a dozen bids were in for Medley, including bids from 2-3 private equity funds. However, the pharma majors offered a higher price, in the range of Rs 4,500 crore, and have made the cut following the non-binding bid submissions, said the people.
: The company said Sameer Khetarpal has joined as its chief executive officer and managing director. Earlier in May this year, JFL, which operates fast-food chains Domino’s Pizza and Dunkin’ Donuts, announced the appointment of Khetarpal as CEO and MD, both with effect from September 5, 2022, for a period of five years.
Adani Ports: The Supreme Court allowed
NSE -0.12 % & Special Economic Zone Ltd to withdraw its petition challenging the high court’s order that upheld the company’s disqualification of its bid by the Jawaharlal Nehru Port Trust (JNPT) for upgrading a container terminal in Navi Mumbai.
Tata Motors: India’s largest commercial vehicle maker is investing up to Rs 4,000 crore in the next two years to revamp and rationalize its product portfolio and introduce cleaner powertrains, seeking to meet future emission norms of the industry that appears to be on course to scaling a fresh peak in sales volumes.
: The healthcare provider said it will acquire a Bengaluru-based orthopedic and trauma hospital for Rs 200 crore.
: State-owned power giant NTPC announced the acquisition of 600-MW Jhabua Power Plant for Rs 925 crore, which is its first such deal through insolvency proceedings.
Reliance Power: The and its subsidiary have entered into an indicative memorandum of understanding with Varde Partners, a global alternative investment firm, to raise debt funding of up to Rs 1,200 crore ($150 million) for settlement and discharge, acquisition or restructuring of certain financial debt availed by the company.
Dr Lal PathLabs, : Antique Stock Broking has initiated coverage on diagnostic chains
and Metropolis Healthcare with sell ratings. The brokerage has set a price target of Rs 1,643 on Dr Lal which is over 30 percent below the stock’s Monday closing price of Rs 2,369.35. Its price target of Rs 1,232 is about 10.5 per cent below Metropolis’ closing price of Rs 1,3
.