Stocks to Watch: Zee Entertainment, ICICI Bank, UltraTech Cement, BSE
AstraZeneca Pharma India: The company plans to launch Enhertu in India in January 2024. The drug is used in the treatment of adult patients with unresectable or metastatic HER2-positive breast cancer who have received a prior anti-HER2-based regimen. Mazagon Dock Shipbuilders: The Ministry of Defence has signed a ₹1,614.89-crore deal with the company for six next-generation offshore patrol vessels for the Indian Coast Guard.
Cochin Shipyard: The company has signed a contract worth ₹488.25 crore with the Ministry of Defence for short refit of an Indian Naval ship. Samvardhana Motherson: The deadline to complete its acquisition of a 73.05% stake in Irillic Pvt Ltd has been extended from December to the end of February 2024 by mutual agreement. Zee Entertainment: The company said it has received communication from CMEPL and BEPL saying they will enter into good faith negotiations as required under the merger cooperation agreement.
ICICI Bank: The bank has received the RBI’s approval to reappoint Sandeep Batra as executive director from 23 December 2023 to 22 December 2025. India Pesticides: The firm has received technical equivalence (TEQ) certification for a herbicide technical product from the European Union. Inox India: The manufacturer of cryogenic tanks is set to list on the BSE and NSE.
The issue price has been set at ₹660 a share. Analysts expect it to list at a premium of 75-80% over the issue price. UltraTech Cement: The company has entered into a share subscription and shareholders agreement to acquire a 26% stake in renewable energy firm Clean Max Terra for ₹20.25 crore.
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