The co and its global subsidiaries already boast of several high street investors such as Singapore’s GIC, Global Environment Fund, Standard Chartered Plc backing them up.
If the Hyderabad-based company begins selling the drug now, it may face penal damages on losing the patent battle with Teva.
Vijaya Diagnostic Centre has acquired 29.16% stake in the loss-making listed diagnostics firm Medinova Diagnostic Services and announced open offer to buy 26.14% from the shareholders of the latter.
If the deal with Sagar Cements fructifies, it will be the largest since UltraTech’s Rs 3,800-crore purchase of the Gujarat unit of Jaypee Cement.
Lok Satta Party may opt for a prepoll alliance with BJP in AP, and its leader N Jayaprakash Narayan could consider a larger role in national politics by contesting a parliament seat.
“The company plans to use the equity amount of Rs 900 crore to clear most of the standalone debt.", a person with direct knowledge of the matter said.
Reddy said that he will be joining YSR Congress Party of YS Jagan Mohan Reddy, son of late chief minister of Andhra Pradesh YS Rajasekhara Reddy.
The order was issued after consultations with all stakeholders for determination of the Aeronautical Tariffs in respect of the airport for the first control period.
The Indian car industry is in the middle of a downturn, but Ford Motor’s Indian unit is planning a round-the-clock manufacturing programme at its Chennai plant to meet local as well as overseas demand for its compact SUV EcoSport. The plant will operate 24 hours from the second half of 2014, a first in Ford’s 17-year presence in India.
Lingamaneni said his decision to enter the industry is based as much on sound business logic as it is on his fascination for the flying objects.
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