2022-02-14 06:30:07
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BSC Exclusive Morning Market News & Update
Bank of Baroda: The company will acquire 21% stake of Union Bank of India in IndiaFirst Life Insurance Company, a joint venture between Bank of Baroda, Union Bank of India and Carmel Point Investments.
Sapphire Foods: The company has approved merger of Gamma Pizzakraf and Gamma Pizzakraft (Overseas) with the company with appointed date as April 1, 2022.
Eros: The company appointed Vijay Thaker as Chief Financial Officer.
Karur Vyasa: The bank has amended External Benchmark Rate- Repo Linked from 7.05% to 7.15% effective from Feb. 14.
Dr. Reddy’s Laboratories: The company entered into an exclusive sales and distribution agreement with Novartis India Limited (“NIL”) for the Voveran range, the Calcium range and Methergine in India.
Birla Corporation: The company’s subsidiary RCCPL’s first white cement-based wall putty plant was inaugurated at Maihar, Madhya Pradesh with annual production capacity of almost 2 crore tons.
Ujjivan: CEO Sanjeev Barnwal resigned effective from Feb. 14.
EKI Energy: The company acquired 51% stake in Glofix Advisory Services for an aggregate amount of Rs 43,68,150.
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