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Sun Pharma in focus after acquiring stake in US-based firm

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Industries (Sun Pharma) announced that one of its wholly owned subsidiaries has agreed to acquire by way of allotment to it, 2.03 lakh Series A Preferred Stock (equivalent to 15.91% fully diluted equity stake on conversion) of Krystal Biotech Inc., United States of America, a biopharmaceutical company using gene therapy to develop treatments for patients suffering from rare debilitating disorders. The announcement was made after market hours yesterday, 8 August 2017.

Bharat Heavy Electricals (Bhel) announced that it has achieved another milestone in expanding and consolidating its footprint in the international market by securing export orders from Chile and Estonia. With these latest orders, Bhel has now expanded its global footprint to 82 countries across all the six inhabited continents. The announcement was made after market hours yesterday, 8 August 2017.

Endurance Technologies' consolidated net profit rose 16.07% to Rs 96.53 crore on 8.84% rise in total income to Rs 1684.2 crore in Q1 June 2017 over Q1 June 2016. EBITDA (earnings before interest, taxes, depreciation and amortization) margin improved to 14.1% in Q1 June 2017 from 13.5% in Q1 June 2016. The result was announced after market hours yesterday, 8 August 2017.

Anurag Jain, managing director of the company said that two-wheeler growth rebounded in Q1 June 2017. Growth in top line and profitability was also driven by strong focus on operations. The subsidiaries in Europe turned in yet another quarter of impressive performance.

Astral Poly Technik's consolidated net profit fell 6.65% to Rs 24.84 crore on 6.2% decline in total income to Rs 443 crore in Q1 June 2017 over Q1 June 2016. The announcement was made after market hours yesterday, 8 August 2017.

Thomas Cook (India) announced that it has recently launched a unique group tours portfolio, 'Romantic Getaways', to tap into Middle India's high growth honeymoon travel segment. The tours have been designed to delight honeymooners with a relaxed/easy paced itinerary (starting late morning and ending by early evening) ensuring couples time together-away from the group, must-see attractions, special value-adds like candle-light dinners, a couple spa, wine and chocolates, stretch-limousine transfers, etc.

Thomas Cook's Romantic Getaways feature India's favourite romantic destinations: Singapore with a Cruise, France & Switzerland, New Zealand, Bali and Mauritius with Dubai. The announcement was made after market hours yesterday, 8 August 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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