Sanofi India: The company's board has declared final dividend of Rs 106 and a special didvidend of Rs 349.
Wockhardt, Dr Reddy's:
Dr Reddy's Laboratories (DRL) has entered into a definitive agreement with Wockhardt to acquire select divisions of its branded generics business in India, Nepal, Sri Lanka, Bhutan and Maldives, and a manufacturing plant for Rs 1,850 crore.
The company has received a Warning Letter from USFDA for its Goa manufacturing facility.
IndiGo: A preliminary probe by the Securities and Exchange Board of India (Sebi) has suggested prima facie violations of corporate governance and listing disclosure norms in certain related-party transactions involving budget carrier IndiGo’s parent firm, InterGlobe Aviation, sources said.
OMCs, paint stocks: Crude oil prices edged up on Wednesday. Brent crude rose 42 cents, or 0.8 per cent, to $55.37 a barrel, while US West Texas Intermediate crude gained 43 cents, or 0.9 per cent, to $50.33 a barrel. Still, both benchmarks are down nearly 7 per cent since last Thursday's close, Reuters reports.
India Cements: S Gopikishan Damani has bought 85,22,428 shares of India Cements at an average price of Rs 82.70 apiece, NSE bulk deal data shows.
JSW Steel: JSW Steel’s $2.7-billion purchase of a bankrupt steel mill is facing a fresh hurdle after a former chairman of Bhushan Power & Steel challenged the deal in the country’s top court.