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Spandana Spoorthy in focus on debut

Shares of Spandana Spoorthy Financial will debut on the bourses today, 19 August 2019. The initial public offer (IPO) of Spandana Sphoorty Financial received bids for 1.03 crore shares. The issue was subscribed 1.05 times. The price band for the issue was Rs 853 to Rs 856 per share.

Tech Mahindra informed divestment of 73.38% equity investment held by the company in FixStream Networks Ine., USA, a subsidiary company for $2 million. The announcement was made on Sunday, 18 August 2019.

Sun Pharmaceutical Industries announced that one of its wholly owned subsidiaries has granted an exclusive license to a subsidiary of China Medical System Holdings Ltd. (CMS) to develop and commercialize seven generic products in Mainland China. The announcement was made after market hours on Friday, 16 August 2019.

Tltan Company purchased 9,45,000 equity shares from one of the shareholders of Carat Lane Trading (CaratLane), a subsidiary of the company, thereby increasing its stake in CaratLane by 2.8%. Pursuant to this, the shareholding of the company in CaratLane has increased from 69.5% to 72.3%. The announcement was made after market hours on Friday, 16 August 2019.

TVS Motor (Singapore) Pte., a wholly-owned subsidiary of TVS Motor Company, has signed definitive agreements to invest US$ 3.2 million in Predictronics Corporation, a US corporation, headquartered in Cincinnati, Ohio, which specialises in providing end-to-end predictive maintenance analytics solutions. The announcement was made on Saturday, 17 August 2019.

BEML said that its order book position stood at Rs 8917 crore as on 30 June 2019. The announcement was made after market hours on Friday, 16 August 2019.

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