by Vora Corporate Finance | Oct 28, 2023 | Insights, Merger & Acquisitions
Transaction: Glenmark Pharmaceuticals Limited (GPL) has entered into a share purchase agreement with Nirma Limited to divest a 75% stake in Glenmark Lifesciences (GLS) at an EV of Rs 7500 Crores. Current Promoter group to be public shareholders. About Glenmark...
by Vora Corporate Finance | Oct 28, 2023 | Insights
Secondary Market Update: Indian indices corrected marginally by Nifty 50 and Sensex gaining 2% at 19,638.30 and 1.04% at 65,508.32 respectively. In September, FPI sold total equities worth Rs 14,768 Crores. During September, despite of the global concerns and subdued...
by Vora Corporate Finance | Oct 28, 2023 | Insights
India’s inclusion in JP Morgan’s Emerging market bond index JP Morgan Chase & Co. in September said that it would include Indian Government Bond’s in its Government Bond Index- Emerging Markets Global Index Suite from June 2024. The inclusion of Indian Bonds in...
by Vora Corporate Finance | Oct 25, 2023 | Articles, Capital Market Updates
Fitch Ratings downgraded the United States of America’s Long-Term Rating to AA+ from AAA leading to increase in US treasury yields and sell off in US stock markets. There is a small note on credit rating agencies. Indian Indices hit all time high with Nifty 50 gaining...
by Vora Corporate Finance | Oct 25, 2023 | Articles, Capital Market Updates
The 50th World Environment Day was hosted with focus on solutions to plastic pollution under the campaign #BeatPlasticPollution. We look at how plastic pollution especially our addiction to single use plastic products is choking the world and how action from various...
