NBCC (India) in focus after signing MoU

NBCC (India) has signed a Memorandum of Understanding (MoU) with Ministry of Youth Affairs & Sports (MYAS), Department of Sports, Government of India to Provide Project Management Consultancy for development of National Sports University at Imphal, Manipur. The approximate cost of project would be Rs. 400 crore. The announcement was made after market hours yesterday, 30 September 2019.

Punjab National Bank said that the bank has received amount of capital infusion of Rs 3000 crore towards contribution of Central Government in the preferential allotment of equity shares (Special securities/Bonds) of the bank, as government's investment. The announcement was made after market hours yesterday, 30 September 2019.

Government of India has conveyed its decision to infuse capital of Rs 7000 crore in Bank of Baroda. The Capital infusion will be by way of preferential allotment of equity shares (Special Securities / Bonds) of the bank during the FY2019-20 as Government's investment in Bank. The announcement was made after market hours yesterday, 30 September 2019.

Cadila Healthcare entered into an asset purchase agreement to sell its right, title and interest in ZYPITAMAGTM (Pitavastatin), along with applicable registrations and intangible assets relating to ZYPITAMAG for USA and Canada markets to Medicure Inc., a cardiovascular pharmaceutical company. The announcement was made after market hours yesterday, 30 September 2019.

National Peroxide said that the company's plant located at Kalyan, Maharashtra, has been temporarily shutdown from 30 September 2019 for carrying out expansion of production capacity from 95,000 MT per annum (50%w/w) to 150,000 MT per annum (50%w/w) for an approximate period of 90 days. The announcement was made after market hours yesterday, 30 September 2019.

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