To acquire 89% stake in Purple Panda Fashions, which owns and operates the
with an investment of Rs 950 crore through a combination of secondary stake purchase and primary investment
Aims to become net debt free by FY23
FPO price band at Rs 615 to Rs 650. CMP at Rs 1004.
35% discount to CMP
Signs a profit sharing agreement with Serum Institute to deliver additional 150 million vaccines doses of multiple vaccines each year in international market.
Overall terms is 15 years.
Executed a Business Transfer Agreement with
Board approves right issue upto Rs 130cr
Read More: Stocks in News- 21 Mar’22