Stocks in News:
$LUPIN : The pharmaceutical major received the Chinese regulatory body's nod for its Oseltamivir Phosphate Oral Suspension, a paediatric medicine used to treat influenza, officially marking its foray into the Chinese market. $WIPRO : The IT services giant has officially fixed June 5 as the record date for its massive Rs 15,000 crore share buyback program. Central Bank of India: Day 1 of the bank's OFS saw massive demand, with non-retail investors subscribing to 76.9 crore shares, representing a 236% subscription rate. The bank will exercise the oversubscription option for up to 36.2 crore shares (a 4% stake), taking the total offer size to 72.4 crore shares. $RBLBANK : Emirates NBD announced an open offer to acquire up to a 26% stake in the bank, setting the offer price at Rs 282.38 per share for a total value of up to Rs 11,735 crore. IRFC: The railway financier signed a loan agreement for External Commercial Borrowing worth $1.1 billion with a consortium of major banks, including SBI, HDFC Bank, Sumitomo Mitsui Banking, and DBS Bank. Gujarat Themis Biosyn: The company's arm, Themis Biosyn Japan, will acquire a 100% equity stake in MicroBiopharm Japan for approximately Rs 1,300 crore. Minda Corp: The company signed a pact with Vehicle Access Systems Technology to gain operational control over their JV, Minda Vast Access Systems, effective April 1. Tega Industries – Executed Rs. 1,500 crore term loan facility agreement with Standard Chartered, Axis Bank and EXIM Bank to finance proposed Molycop acquisition; facility secured against identified company/group assets and securities. Jaiprakash Power Ventures – As part of JAL insolvency resolution implementation, Jaiprakash Associates entered share sale agreement with Adani Power for transfer of 24% stake in JP Power for about Rs. 2,993.59 crore.

















