By Malvika Gurung
Investing.com -- Lupin (NS:LUPN): The US drug regulatory USFDA has issued 13 observations to the pharmaceutical major’s subsidiary Novel Laboratories, after conducting an inspection.
Future Retail (NS:FURE): The retail company’s CEO Sadashiv Nayak has resigned from the position after only 7 months of his appointment.
Vedanta (NS:VDAN): The mining major’s board has given a green signal to the company’s plans of sourcing 580 MW of green energy for its operations across the country. It signed a power delivery agreement with Sterlite Power Technologies.
Ruchi Soya Industries (NS:RCSY): The edible oil maker has set an issue price at Rs 650/share for its follow-on public offer.
HDFC (NS:HDFC) Asset Management Company (NS:HDFA): The country’s largest insurer LIC has acquired a 2.02% of the leading mutual fund's investment company through open market transactions, raising its shareholding from 5% to 7.02% in the company.
SJVN (NS:SJVN): The PSU has incorporated a new subsidiary called SJVN Green Energy for the execution of renewable projects, and it will work towards generating power from renewable sources.
Sterlite Technologies (NS:STTE): The tech company will be selling its stake of 64.98% held in Maharashtra Transmission Communication Infrastructure for a total consideration of Rs 43 crore, which will be received in multiple tranches.