Published : 24 Mar 2023
• Bajaj Hindusthan Sugar acquires stake two companies worth approximately Rs 800 cr. • It acquired 98.01% in Phenil Sugars for Rs 350 cr and a 5.04% stake in Bajaj Power Ventures for Rs 445.54 cr.
• Fitch affirms Adani Ports at 'BBB-'; outlook stable. • Fitch believes the Hindenburg report claiming governance issues at the Adani group has a limited near-term impact on APSEZ's funding and access at the current rating level.
• Lupin gets tentative US FDA approval for Obeticholic Acid Tablets. • This drug had estimated annual sales of $255 mn in the US.
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