If the deal valuation were to go beyond a certain pre-specified threshold, the excess amount would be given to the Future Group, according to the new agreement between the parties.
Indian pharmaceutical cos are facing regulatory issues and steep competition in US market.
On Wednesday, the market cap of PNB Housing was at Rs 21,265 crore as against PNB’s market cap of Rs 20,856 crore.
The company said it introduced 38 new products, and enriched or value-added products accounted for 68 per cent of the total deliveries.
Volume growth for March quarter was 11 per cent against expectations of 6-8 per cent.
JSPL has higher exposure to long steel products that are used for construction.
According to reports, Indian retail sector is 30 per cent of the GDP.
Shares of some of the retailers, including Avenue Supermarts Future Retail, and Trent have fallen by 3-3.5% since May 2 after the news reports stated that the deal between Flipkart and Walmart was in the final stages.
The stock has fallen about 30 per cent from its IPO price of Rs 520.
Post GST, the estimated volume dip in the company’s cigarette sales for the September-December quarter was 6 per cent and 4 per cent, respectively.
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