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Sapphire Foods / Devyani International: Sapphire Foods to merge with Devyani International effective April 1. Sapphire shareholders will receive 177 Devyani shares for every 100 Sapphire shares held, as per the approved swap ratio. The merger values Sapphire at par with Devyani. Additionally, Sapphire Foods Mauritius has approved a secondary sale of an 18.5% stake in Sapphire Foods to the Devyani promoter group.
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MOIL: The company hiked prices of Mn-44% and above ferro-grade manganese ore by 3% and Mn-44% and below grades also by 3%. Prices of SMGR Mn-30% and fines grades were raised by 5%, while SMGR Mn-20% and fines grades were cut by 10%.
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Time Technoplast: Received approval from the Petroleum and Explosives Safety Organisation (PESO) to manufacture and supply high-pressure cylinders of 2-litre capacity.
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Ola Electric: Successfully developed India’s first dry electrode cell, the 4680 Bharat Cell, entirely in-house.
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Aurobindo Pharma: Subsidiary approved the acquisition of the non-oncology prescription formulations business of Khandelwal Labs for ₹325 crore.
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TAJ GVK Hotels & Resorts: Promoters Moonshot Trust and Starlight Trust pledged 67.37 lakh shares each in favour of 360 ONE Prime as security for a ₹250 crore term loan.
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RailTel Corporation: Received a Letter of Acceptance for a ₹56.7 crore order from the Assam Health Infrastructure Development & Management Society.
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