Synopsis
Motilal Oswal PE has about 13.5% stake, acquiring it through two tranches of primary and secondary deals at a valuation of about ₹1,600-₹2,200 crore about a year ago. A few minority shareholders hold the rest.
PTI
The Singapore government’s investment fund Temasek Holdings is in advanced talks to acquire about 15% stake in Covid-19 test kits maker Molbio Diagnostics for ₹1,500-₹1,800 crore ($250 million), multiple people aware of the development said.
Molbio is likely to be valued at ₹12,000 crore ($1.6 billion) after the proposed funding round, wherein a couple of promoters will sell around 15% in the Goa-based company, which develops and commercialises the point-of-care molecular diagnostics platform TrueNat.
India-UAE flights: All 4 airports in Kerala set up rapid PCR testing facilities dhanusha@khaleejtimes.com Filed on July 12, 2021
Tests expected to cost about Dh125 each
All four international airports in Kerala have installed rapid polymerase chain reaction (PCR) testing facilities within their premises to cater to UAE bound passengers, officials and service providers confirmed to Khaleej Times.
In Thiruvananthapuram, Kochi, and Kozhikode, international airports have already set up the infrastructure and hired the workforce to conduct rapid PCR tests on UAE bound passengers.
Furthermore, officials at Kannur International Airport have said they are in the final stages of the process and are ready to cater to any passenger traffic as and when scheduled flights resume between both countries. Service providers have said the tests are expected to cost a maximum of 2,500 rupees (Dh 123).
With 37,154 new coronavirus infections, India s total tally of COVID-19 cases rose to 3,08,74,376, while the total recoveries crossed three crore, according to the Union Health Ministry data updated on Monday. The death toll climbed to 4,08,764 with 724 fresh fatalities. The active cases have declined to 4,50,899 and comprise 1.46 per cent of the total infections, while the national COVID-19 recovery rate has increased to 97.22 per cent, the data updated at 8 am showed. A decrease of 3,219 cases has been recorded in the active COVID-19 caseload in a span of 24 hours. As many as 14,32,343 tests were conducted on Sunday taking the total cumulative tests conducted so far for detection of COVID-19 in the country to 43,23,17,813, while the daily positivity rate was recorded at 2.59 per cent. It has been less than three per cent for 21 consecutive days, the ministry said.
COVID-19: India records 37,154 new cases, 724 fresh fatalities
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Last Updated: Jul 12, 2021, 10:53 AM IST
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Synopsis
The active cases have declined to 4,50,899 and comprise 1.46 per cent of the total infections, while the national COVID-19 recovery rate has increased to 97.22 per cent.
AFP
The weekly positivity rate stands at 2.32 per cent.
With 37,154 new coronavirus infections, India s total tally of COVID-19 cases rose to 3,08,74,376, while the total recoveries crossed three crore, according to the Union Health Ministry data updated on Monday.
The death toll climbed to 4,08,764 with 724 fresh fatalities.
The active cases have declined to 4,50,899 and comprise 1.46 per cent of the total infections, while the national COVID-19 recovery rate has increased to 97.22 per cent, the data updated at 8 am showed.
India s Covid-19 caseload dips to 37,154; 724 deaths reported sify.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sify.com Daily Mail and Mail on Sunday newspapers.