Alembic Pharma: Aleor Dermaceuticals, a 60:40 JV with Orbicular Pharmaceutical Technologies, completed USFDA inspection at its formulation manufacturing facility located at Karakhadi, Gujarat, India; without any observations.
Alembic Pharma: On Wednesday Drug firm Alembic Pharmaceuticals said its joint venture firm Aleor Dermaceuticals has successfully completed the inspection of Karakhadi facility in Gujarat by the US health regulator. Aleor Dermaceuticals is a 60:40 Joint Venture (JV) between Alembic Pharmaceuticals and Orbicular Pharmaceutical Technologies, the company said in a BSE filing.
Vedanta: The company board has approved offering for subscription, on a private placement basis, up to 20,000 nos. Secured, Rated, Non-Cumulative, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10,00,000/- each aggregating up to Rs 2,000 Crores in one or more tranches.
SBI: Lender Launched ‘Residential Builder Finance With Buyer Guarantee (RBBG)’, to focus on affordable housing. SBI will provide a guarantee of project completion to homebuyers with the objective of pushing up demand for residential units. The scheme also aims to complete housing projects that are stalled. SBI has signed an agreement with Sunteck Realty for three existing projects in Mumbai Metropolitan Region.
JSW Energy: CARE assigned the rating of ‘AA-/Credit Watch with Negative implications” for the company’s Rs 300 crore Non-Convertible Debenture (NCD) issue.
Aster DM Healthcare: Board meeting will be held on January 9 to consider share buyback.
Asian Granito: ICRA reaffirmed the long-term rating at [ICRA] A and the short term rating at [ICRA] A1 for Rs 262 crore Lines of Credit Bharti Airtel: QIP launched, fixed a floor price of Rs 452.09 per share. The company has begun marketing its $2-billion (Rs 14,350 crore) equity issuance to institutional investors on Wednesday to pay the AGR (adjusted gross revenues) dues to the central government within the January 23 deadline set by the Supreme Court
GMR Infra: The company has raised Rs 2,000 crore debt through non-convertible debentures from Tata Sons and Singaporean wealth fund GIC to retire earlier loans.
Adani Green: On Wednesday Adani Green released provisional operational update for the Q3 and 9 months of the Financial Year 2019-20. Grid availability at 98 per cent for 9M FY20, and 97.9 per cent for Q3 FY20; Grid availability lower at Wardha Solar (40MW Nalwar & 10 MW Kallur), PSEPL (40 MW Karnataka) & PDPL (50MW Ghani).
Sunteck Realty: Rajnish Kumar said SBI signed MoU with company for 3 projects under RBBG
Central Bank of India: Brickwork Ratings upgraded its ratings on Tier II bonds & Innovative Perpetual Debt Instrument of the bank
Source: Business Standard, Moneycontrol and Other Published Sources