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State Bank of India (SBI): The Competent Authority has accorded in-principle approval on 29 August 2023, to set up a wholly owned subsidiary by SBI Funds Management Ltd at IFSC Gift City Gandhinagar.
Lupin: Lupin Pharma Canada Ltd., a wholly-owned subsidiary of Lupin announced the launch of Propranolol LA (long-acting) capsules, 60 mg, 80 mg, 120 mg and 160 mg, in Canada. Propranolol LA is a generic equivalent of Inderal LA, it provides an effective treatment solution since the discontinuation of Inderal LA for patients and healthcare practitioners.
Zomato: SoftBank Vision Fund (SVF Global) is reportedly likely to offload 1.17% stake it holds in food delivery giant for Rs 940 crore via a block deal. A total of 10 crore shares will be sold by SVF Growth Fund, at a price of Rs 94 apiece,
Central Bank of India: The bank has entered into a strategic Co-Lending Partnership with M/s. IKF Finance Limited to offer MSME Loans at competitive rates. The participation by both the entities in this Co-Lending arrangement will result in greater expansion of portfolio by Central Bank of India and M/s. IKF Finance Limited.
MPS: MPS Interactive Systems Limited, a wholly owned subsidiary of MPS Limited, announced that it has agreed to acquire 65% of the issued and paid-up capital of all the following entities i.e. Liberate Learning Pty Ltd (Australia), Liberate eLearning Pty Ltd (Australia), App-eLearn Pty Ltd (Australia), and Liberate Learning Limited (New Zealand) (here-in-after referred to as ?Liberate Group?). The remaining 35% shareholding of each of the entities of the Liberate Group will be acquired by MPSi in subsequent tranches based upon valuation methodology as agreed under the transaction documents.
Minda Corporation: Minda Europe B.V, Netherlands, a non-operative Wholly Owned Subsidiary Company has been closed voluntarily. It may be noted that Minda Europe B.V. is not a material subsidiary of Minda Corporation Limited and therefore it will not impact consolidated financials of Minda Corporation.
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