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M&M, Zydus Lifesciences and Mastek to see some action today

19 Jul 2022 Evaluate

Mahindra & Mahindra (M&M) has executed an Option Exercise Share Purchase Agreement to acquire 1,317 Equity Shares of Sampo Rosenlew Oy, Finland, a subsidiary of the Company (Sampo) pursuant to exercise of a call option by the Company on the other Shareholder of Sampo. Pursuant to the said transaction, the Shareholding and consequent voting rights of the company in Sampo would increase from 79.13% to 100% of the Equity Share Capital of Sampo. Consequently, Sampo would become a wholly owned subsidiary of the company.

Zydus Lifesciences’ subsidiary -- Zydus Worldwide DMCC has received final approval from the United States Food and Drug Administration (USFDA) to market Efinaconazole Topical Solution, 10%. (US RLD: Jublia). Efinaconazole is an azole antifungal used for the topical treatment of Onychomycosis of the toenails due to Trichophyton rubrum and Trichophyton mentagrophytes.

Mastek has announced the signing of a definitive agreement to acquire MST Solutions. MST Solutions is based in Chandler, AZ, and is an independent Salesforce consulting partner in the Americas region. MST is a trusted partner to several Fortune 1000 and large enterprise clients. MST has built a strong reputation for themselves especially in the Healthcare, Public Sector and Manufacturing Industry verticals.

Mahindra Logistics has received approval for incorporation of new wholly owned subsidiaries of the Company, one each in India namely ‘V-Link Freight Services’ and in United Kingdom namely ‘MLL Global Logistics’. This in line with the Company's vision to further address growth opportunities in logistics and will also establish international presence. Post initial investment by the company, the new companies will become wholly owned subsidiaries of the company.

Yes Bank is planning to invest up to Rs 350 crore for a potential 20 percent stake in asset reconstruction company JC Flowers, which has emerged as the base bidder for the lender's bad loans worth Rs 48,000 crore. It is planning to raise up to $1 billion in FY23 to bolster its core capital base once the NPA challenge is over.

Surya Roshni has obtained orders amounted to Rs 91.27 crore (including GST) for supply of API- 5L 3LPE Coated Line pipes from Bharat Gas Resources.

Adani Wilmar has further slashed edible oil prices by up to Rs 30 per litre amid a fall in global prices. The maximum reduction has been done in soyabean oil. The stocks with new prices will reach the market soon. Fortune soyabean oil price has been revised to Rs 165 per litre from Rs 195 per litre. The sunflower oil rate has been revised to Rs 199 per litre from Rs 210 per litre. Mustard Oil MRP (maximum retail price) has been cut to Rs 190 per litre from Rs 195 per litre.

Mastek Share Price

1688.00 -56.90 (-3.26%)
20-Apr-2026 15:31 View Price Chart
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