Post divestment, Glenmark Pharma will own 7.84% of GLS. Nirma will make a mandatory open offer to all public shareholders of GLS after completion of the deal, it said.
The orders came after the regulator observed large-scale reversal trades in the illiquid stock options segment on the BSE, leading to artificial volumes on the exchange.
The ad-supported offer will kick off in the US, UK, Germany and Canada early next year, before France, Italy, Spain, Mexico and Australia during 2024, the company said.
The construction will begin this year, and it will include 500,000 square feet of planned cleanroom space and will start to become operational in late 2024.
Apple has for the first time made available the 'made-in-India' iPhone on the same day it started selling the devices in the country and other parts of the globe.
Addressing a gathering, replete with saffron flags, Aditya Thackeray raised the issues of inflation and farmers' plight due to deficient and excessive rainfall which is troubling farmers.
The three states are the only ones in the country that are not implementing the scheme, touted as the world’s largest government-funded healthcare program.
The returning monsoon has started while during main rainy days, the state received average rainfall and August was one of the driest months in history, therefore, the situation is quite grim.