Stocks in News
Persistent Systems: HDFC Asset Management Company sold 15.76 lakh equity shares (2.06%) in the company via open market transactions on December 2, reducing shareholding to 5.14% from 7.20% earlier.
TeamLease Services: The company sold 100% shareholding in subsidiary IIJT Education.
Tech Mahindra: The company through its subsidiary will acquire 100% stake in US-based Activus Connect LLC and Activus Connect PR LLC, for $62 million.
Lupin: The company and Biomm entered into a distribution and marketing agreement for Pegfilgrastim in Brazil.
Tatva Chintan Pharma Chem: The company appointed Ashok Bothra (Chartered Accountant) as Chief Financial Officer (CFO) of the company.
Carborundum Universal: Subsidiary CUMI International, Cyprus (CIL) has entered into an agreement to acquire an existing company in Germany which will become a step-down subsidiary of CUMI. This acquisition will facilitate a base in European Union (EU) facilitating CUMI Group accessing markets in EU for its portfolio viz., abrasives, ceramics and electrominerals.
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