Stocks like Aurobindo Pharma, Jindal Saw, Route Mobile, Gujarat Industries Power Co, Aditya Birla Real Estate, Exide Industries, Sonata Software, Sun TV Network, LTIMindtree, Hampton Sky Realty, Aditya Birla Sun Life AMC, and Restaurant Brands Asia will also be in focus on December 18.
The company plans to double its investments in the next 2-3 years
Pharma stocks helped contain broader market losses on September 6, with increased investor interest in defensive plays like Glenmark Lifesciences and Suven Pharma.
Glenmark Life Sciences Share Price | GPCB has ordered to deposit interim environment damage compensation as and when determined by GPCB.
UltraTech Cement, Maruti Suzuki India, Sun Pharma Advanced Research Company, Glenmark Life Sciences, Hindustan Zinc, Godawari Power and Ispat, Manappuram Finance, Jubilant Pharmova, and Strides Pharma Science will also be in focus on Monday.
With this OFS, Glenmark Pharma will exit Glenmark Life Sciences. The floor price for the OFS sits at a 7.5 percent discount to the current market price of Glenmark Life Sciences.
Sales in March 2024 quarter declined by 13.6 percent amid shipment delays and logistics challenges
In September this year, Glenmark Pharmaceuticals said its board has approved to divest 75 per cent stake in its subsidiary GLS to Nirma Ltd for Rs 5,651.5 crore.
Glenmark Pharma has hived off a 75 percent stake in Glenmark Life Sciences, which accounted for nearly 11 percent of its consolidated top line, and had a 20 percent EBITDA contribution, to clear debt
Saldhana added that the management of Glenmark Lifesciences will remain intact
With this acquisition, Nirma group founded by Dr Karsanbhai Patel has forayed into the API segment. Glenmark Pharma, the parent of Glenmark Life Sciences will use the deal proceeds towards repayment of debt
The board of Glenmark Pharmaceuticals is said to take a decision regarding the sale soon and the amount received will be used to repay the debt of Rs 2,904 crore
Nirma has indicated that it will make large acquisitions in the domestic or overseas market to the tune of Rs 5,000-7,000 crore as part of its diversification plan.
The API subsidiary Glenmark Life Sciences (GLS) is trading at undemanding valuations and is yet to reach its full potential
Glenmark Pharma, the parent company that holds 82.85% stake in Glenmark Life, is looking to reduce its debt burden via the stake sale process, say sources
Glenmark Life's strong growth in Q4 was on account of better margins driven by higher contribution from CDMO business, better product mix, PLI benefit and lower input costs
With the continuous nine-day winning streak, the support level continues to shift higher as we now see immediate support in the zone of 17,700 - 17,600; whereas 200-SMA around 17,500 is likely to act as a sacrosanct level