Stocks in news: Wipro, Britannia Industries, Cipla, Biocon and more

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Indian equity markets ended at new life highs on Tuesday amid a largely firm trend in other Asian bourses and steady foreign fund inflows. The Sensex closed at 62,681.84 with a gain of 177.04 points, which is its latest record level. The index rose 382.6 points to its all-time high of 62,887.40. The Nifty closed at 18,618.05, up 55.30 points or 0.30 per cent, its fresh record high.

Here is a look at the stocks that may be in the news today.

Wipro: BNP Paribas Arbitrage sold 18,00,164 lakh shares at an average price of Rs 405 per share of the IT major for Rs 72.9 crore through open market transactions, according to block deal data available with BSE. Societe Generale bought the company’s shares.

Britannia Industries: The biscuit and dairy products maker has signed a joint venture with France’s Bell SA and Britannia Dairy to develop, manufacture and sell cheese products in India and certain other markets.

Cipla: The pharmaceutical company has launched Leuprolide Acetate Injection Depot 22.5 mg, used in the treatment of prostate cancer. The product was previously approved by the US Food and Drug Administration based on the New Drug Application (NDA) regulatory route.

Biocon: The pharma firm said its unit Biocon Biologics has completed the multi-billion dollar acquisition of the global biosimilar business of its partner Vytris. In February 2022, Biocon Biologics entered into an agreement to acquire the biosimilar business of Vytris Inc. for a consideration of up to $3.33 billion.

Read also: Sharp fall in Uniparts India GMP: Should you still subscribe to the IPO?

Gland Pharma: The drugmaker has signed a put option agreement to acquire Europe-based Senexi Group for up to 120 million euros, marking its foray into international markets. Gland Pharma International Pte has entered into a ‘Put Option Agreement’ to acquire 100 per cent of Senexi Group.

Inox Wind: The wind energy solutions provider said the company and its unit Inox Green Energy Services have repaid a loan of Rs 411 crore. Inox Green Energy Services, a subsidiary of Inox Wind, has recently committed Rs 250 crore for debt reduction and Rs 161 crore for debt reduction as part of strategic initiatives to improve their respective balance sheets.

Kilpast India: A subsidiary of the pesticide player 3B Blackbio Biotech India signed a non-binding letter of intent to acquire 100 per cent in the Europe-based life science product maker. A special period of 60 days has been agreed upon between the parties to complete the due diligence.

Greenpanel Industries: The plywood and laminates player company said its board of directors has approved the closure of its wholly owned subsidiary Greenpanel Singapore Pte Ltd. Assistant.

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