Page 7 - Ipca Labs News Today

As many as 26 stocks hit their 52-week lows today. BSE 500 stocks such as Aditya Birla Fashion and Retail, Ipca Labs, PVR Inox and VMart hit their respective one-year low levels. That said, 115 stocks touched their one-year high levels today.

Analysts believe Ipca Labs would have been better-placed had they committed this growth capital to secularly growing within the India market.

Emirates Telecommunications Group Co increased its stake in Vodafone Group Plc, the holding company of Vodafone Idea, from 14 percent to 14.6 percent. It has the regulatory nod to take the stake to 15 percent

Technically, the Nifty may find strength at the 17,863 mark, an analyst said

Share Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty 50 opened lower on Tuesday, and traded nearly flat. Financial  shares trade with gains, while chemical share trade in the red. Investors await more of financial results from India Inc for domestic cues, with Bajaj Auto and Tata Consumer due to post their earnings later in the day. Nestle reported its quarterly numbers earlier in the day.

IPCA Labs: Motilal Oswal Securities said the acquisition is expensive, given increased competition in the US generics oral solids space, rising regulatory risks, strong efforts needed to turnaround Unichem,

Ipca Labs share price: Premchand Godha, Promoter and Executive Chairman, lpca Labs said, "This acquisition is in line with our stated strategy to enhance our portfolio in our chosen growth markets. We both are well positioned to successfully integrate our product offerings and grow our businesses."

Ipca is also making an open offer to the public equity·shareholders of Unichem to acquire from them up to 26% of the fully diluted outstanding equity share capital at a price of Rs 440 per share

After receiving approval from the Competition Commission of India in accordance with the Competition Act, 2002, the shares would be purchased for Rs 440 per share, , ipca laboratories, unichem laboratories

Mumbai-based pharmaceutical firm Ipca Laboratories on Monday said it will acquire a 33.38% stake in specialty pharmaceutical company Unichem Laboratories for Rs 1,034 crore. In addition, ......