Lupin, Adani Transmission and Canara Bank to see some action today

Lupin has received approval from the United States Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) Sevelamer Carbonate for Oral Suspension, 0.8 g and 2.4 g packets to market a generic equivalent of Renvela for Oral Suspension, 0.8 g and 2.4 g Packets of Genzyme. This product will be manufactured at Lupin's Goa facility in India. Sevelamer Carbonate for Oral Suspension had estimated annual sales of USD 51.7 million in the US (IQVIA MAT September 2021).

Adani Transmission (ATL), India's largest private sector power transmission company and part of the diversified Adani Group, has received the Letter of Intent (LoI) for the acquisition of a renewable energy evacuation system under Khavda-Bhuj Transmission. ATL won the project through the Tariff-Based Competitive Bidding (TBCB) process and has received the LoI for the project. ATL will build, own, operate and maintain the transmission project in Gujarat for a period of 35 years.

Canara Bank has raised Rs 2,500 crore in Basel III-Compliant Tier II bonds, at a coupon rate of 7.09% per annum. The issue received overwhelming response from investors, with bids for more than Rs 9,374 crore against a base issue size of Rs 1000 crore and green shoe option of Rs. 1500 crore. Based on the response, the Bank has decided to accept Rs 2,500 crore at a coupon rate of 7.09% per annum. The said Tier II bonds are issued with tenor of 15 years. However, it can be called back by the issuer after ten years or any anniversary date thereafter.

INOX Leisure has commenced the Commercial Operations of a Multiplex Cinema Theatre taken on Lease basis, located at INOX Leisure, Ground Floor, Tower 5, Worldmark, Maidawas Road, Sector 65, Gurugram, Haryana - 122001 with effect from today, i.e. Friday, 24th December, 2021. The said Multiplex Cinema Theatre has 5 screens and 904 seats. INOX is now present in 70 cities with 158 Multiplexes, 667 screens and a total seating capacity of 150,621 seats across India.

Vodafone Idea has been recognized for having the Best Security Operations Centre in the Country, by the Data Security Council of India (DSCI). In addition, the DSCI has also recognized Mathan Kasilingam, CISO- Vodafone Idea as the Best Security Leader of the year. These recognitions are a part of the DSCI’s efforts to recognize, honour and reward organizations and individuals who have taken strategic, proactive and innovative security and privacy efforts to help their organization address real risks, build resilience, increase trustworthiness and create a conducive environment for doing business. The dual recognitions conferred upon Vodafone Idea are noteworthy as they have been conferred at a time when organizations across the globe, have been seeing increasing importance of cyber-security.

Indo Thai Securities has incorporated subsidiary company in the name of ‘Femto Green Hydrogen’ on December 23, 2021. The subsidiary company will be engaged in establishment and carrying on the business of research, development, marketing, selling and distribution of such products which will be used for eliminating pollution’ created by the surface transport. The aim of incorporation is to diversify the business line of the company.

Asian Granito India (AGL) is planning to launch one of the World's largest Tiles showroom in India's Tiles hub - Morbi, Gujarat. The showroom is conceptualised in 1.5 lakh square feet area and aims to showcase AGL Group's production, technological excellence at one place.  The showroom will have the entire range of the group's exquisite and innovative range of Sanitaryware, Bathware and Engineered Marble and Quartz range including 5,000 plus Tiles products in all sizes, designs and finishes under one roof.