IIFL Wealth in focus on listing

Shares of IIFL Wealth Management, the demerged entity of IIFL Holding, will list on bourses today, 19 September 2019. IIFL Wealth Management is the first standalone wealth management company to list in India.

Tata Communications and Cisco have expanded their partnership to offer enterprises a secure, fully-managed, multi-channel, intelligent and cloud-based Cisco Webex Contact Center solution. With expertise in designing, implementing and managing contact centres for enterprises worldwide, Tata Communications is positioned to provide managed services for Cisco Webex Contact Center. The announcement was made after market hours yesterday, 18 September 2019.

RITES has signed the contract for supply of two additional fully air-conditioned Diesel Multiple Unit train sets, for $22.4 million (Rs 160 crore) with the Ministry of Transport and Civil Aviation, Government of Sri Lanka, on 17 September 2019. The supply under the new contract will be done in FY 2020-21. The announcement was made after market hours yesterday, 18 September 2019.

Laurus Labs has agreed to acquire 100% shares of Phekolong Pharmaceuticals Pty, a wholly owned subsidiary company of Pharmacare Limited t/a Aspen Pharmacare, South Africa, by way of cash consideration of ZAR 75,000 (Seventy-five thousand South African Rand). At the conclusion of the transaction, all residual assets and liabilities that are within the target company immediately prior to completion will be for Pharmacare Limited's account and accordingly all such assets and liabilities will be transferred from the target company to Pharmacare immediately prior to completion. The announcement was made after market hours yesterday, 18 September 2019.

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