Morepen Labs gets USFDA clearance for a bulk drug

 
  • Dec 20 2017
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December 20: Pharma Major Morepen Labs Is Optimistic About Its Road Ahead All Thanks to Its Latest Drug Montelukast Which Has Been Cleared By The USFDA. Speaking To BTVI, Sushil Suri, CMD At Morepen Labs Says They Expect Montelukast To Drive Revenues To Rs 500 Crores In Next 2-3 Years. Watch The Interview To Find Out All About The Company’s Fundamentals Straight From The CMD.



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WELSPUN ENTERPRISES

Completes acquisition of 49% stake in the projects from MBL Group

Total consideration of Rs 2,300 Cr 

Projects involve 4-laning of sections of NH-72A & NH-73

TATA STEEL

Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held

To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr

Sets Rights Issue Price At Rs 510/Fully Paid Share

To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr

Sets Rights Issue Price At Rs 615/Partly Paid Share

TECHNOFAB ENGG

Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles

Projects in waste water sector

Projects funded by European Investment Bank

Cos order backlog increases to Rs 2,200 cr, which is an all-time high

J KUMAR INFRAPROJECTS

Gets LOA for 2 projects from Delhi Metro Rail Corp

Work includes finishing works of 8 stations of Mumbai Metro Rail Project

Cost of Contracts stands at nearly Rs 57 cr

FUTURE RETAIL

To acquire entire equity share capital of arm Travel News Services

Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr

Post acquisition, TNSI Retail to become step-down arm of co

TNSI JV Welcome Retail Private Limited to become step-down arm

Deal likely to be completed in 12-16 weeks

Note: Travel News Services (TNSI)

Effect of acquisition

Consolidation of retail business of FRL

To help FRL expand its presence at Airports, Metro Stations, Universities

Will have access to retail brand WH Smith", license for which is held by co

Note: Future Retail (FRL)

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