GlaxoSmithKline Pharma in focus as board OKs Thane land sale

GlaxoSmithKline Pharmaceuticals said its board approved sale of 60 acre land in Thane to Oberoi Realty for Rs 555 crore. The announcement was made after market hours on Friday, 22 September 2017.

Capacit'e Infraprojects debuts on the secondary equity market today, 25 September 2017. The company had priced the initial public offer (IPO) at the top end of the Rs 245 to Rs 250 per share price band. The IPO opened on 13 September 2017 and closed on 15 September 2017. It received bids for 209.17 crore shares. The IPO was subscribed 183.03 times.

Departmental store chain Shoppers Stop said its board approved a proposal to sell 5% equity in the company for Rs 179.25 crore to Amazon NV Holdings LLC, the investment arm of the world's largest online retailer Amazon Inc. Amazon.com NV Investment Holdings, a foreign portfolio investor, will subscribe to about 43.95 lakh shares in Shoppers Stop at Rs 407.78 each on a preferential basis.

Usha Martin clarified that it is indeed considering the sale of its wire and wire rope business with a view to reduce its debt. The announcement was made after market hours on Friday, 22 September 2017.

VST Tillers said it entered into an agreement with Kukje Machinery Co., Korea to avail the required technology for manufacture of higher horse power tractors. The announcement was made after market hours on Friday, 22 September 2017.

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