Unichem Labs may sizzle after securing USFDA nod

Unichem Laboratories received a tentative approval from the United States food and Drug Administration for its Tadalafil tablets in the strengths of 2.5 mg, 5 mg, 10 mg and 20 mg. The announcement was made after market hours yesterday, 11 December 2018.

The board of directors of Reliance Industries accorded its approval to a scheme of arrangement for transfer of its fibre undertaking, on a going concern basis, to a separate company and a scheme of arrangement for transfer of its tower undertaking, on a going concern basis, to a separate company. The announcement was made after market hours yesterday, 11 December 2018.

Zydus Wellness (ZWL) announced that the Competition Commission of India (CCI) has granted approval for ZWL's acquisition of Heinz India jointly with Cadila Healthcare. The definitive agreement in relation to this acquisition was signed on 24 October 2018. The announcement was made after market hours yesterday, 11 December 2018.

UFO Moviez India informed about a reduction in purchase consideration for the transfer of shares of Qube Digital Cinema (QDCPL) from Nomura Asia Investment (MB) Pte., CSI BD (Mauritius), Intel Capital Corporation and/or Streetedge Capital LP to UFO Moviez India and India Advantage Fund S4 I, a fund managed by ICICI Venture Funds Management Company. The announcement was made after market hours yesterday, 11 December 2018.

PNC Infratech informed that PNC Challakere (Karnataka) Highways, the company's wholly owned subsidiary, has submitted duly executed financing documents to NHAI for the Hybrid Annuity Model (HAM) Project in Karnataka worth Rs 1157 crore. The announcement was made after market hours yesterday, 11 December 2018.

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