Buzzing stocks: Meesho, Clean Max, Lupin, IOC, NBCC, NCL Ind, Zee, Edelweiss, Jujhar Logistics, Ola
SoftBank eyes Meesho stake sale, Clean Max commits ₹50,000 crore in Andhra Pradesh
SVF II Meerkat LLC, an affiliate of SoftBank, is reportedly considering selling a 1% stake in e-commerce firm Meesho Ltd through a block deal worth around ₹1,174 crore. The floor price for this transaction stands at ₹246.23 per share, which could represent a discount of up to 3.1% from the current market price.
Clean Max Enviro Energy Solutions has pledged a substantial ₹50,000 crore investment in Andhra Pradesh for developing 3GW of integrated power generation facilities using wind, solar, and pumped hydro technologies. The firm has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to execute this ambitious project.
Lupin Ltd announced that its commercial partner, Sandoz, has launched Ranluspec, a biosimilar version of Lupin’s Ranibizumab, in Europe, excluding Germany. This development marks a significant stride in expanding access to biologic treatments for retinal diseases.
Indian Oil recently supplied its first consignment of Extreme Winter Grade Diesel (XWG Diesel) to Army units in the Northeast. This specialized fuel, which can function at temperatures as low as minus 42 degrees Celsius, was flagged off from the company’s Missamari Depot for deployment in Army units under the Eastern Command’s 4 Corps.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
