Allahabad Bank has allotted 65,28,43,095 new equity shares of face value of Rs 10 each to Government of India for cash at issue price of Rs 46.78 aggregating to Rs 3053.99 crore against capital infusion of Rs 3054 crore in the Bank for FY 2018-19.
Apunka Invest Commercial has entered Loan Conversion Agreement dated 18 February 2019 for acquiring equity shares of Panorama Studios against advanced loan given to Panorama Studios.
Upon the aforesaid acquisition, the company will acquire 7,612 equity shares of the face value of Rs. 10/ - (Rupees Ten only) @ Premium of Rs. 2,486/- each on a private placement basis for consideration other than cash.
Bemco Hydraulics announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 19 March 2019 .
Biocon announced that the USFDA concluded two pre approval inspections of Biocon's manufacturing facilities in Bengaluru.
There were no observations and no Form 483 was issued after the pre-approval inspection of Biocon's Oral Solid Dosage Facility conducted between 11 February - 15 February 2019.
The pre-approval inspection of the company's additional, new injectable manufacturing line for a biologic drug product, conducted between 7 February - 15 February 2019, resulted in a Form 483 with two observations. Biocon intends to address these expeditiously.
BLB announced that National Company Law Tribunal vide order dated 25 January 2019 has approved the scheme of arrangement for amalgamation of the company's four wholly subsidiaries namely, - BLB Commodities, BLB Global Business, Caprise Commodities and Sri Sharadamba Properties with BLB.