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Market Updates

The Markets are expected to open marginally higher today as trend in GIFT nifty indicate a positive start for the broader index after Nifty closed 94.35 points higher at 21,349.40 on Friday.

Aurobindo Pharma:

U.S FDA's pre?approval inspection—from Dec. 11?22—at the U.S.? based unit Eugia ended with 10 observations.

Adani Power:

A consortium of Adani Power received letter of intent from resolution professional of Coastal Energen after lenders approved the resolution plan.

Adani Green Energy:

Completed power purchase agreement with the Solar Energy Corp of India to supply 1,799 MW of solar power. Concludes power offtake tie?up for the entire 8,000 MW manufacturing?linked solar tender awarded by SECI.

Zydus Lifesciences:

The USFDA conducted an inspection at the API site situated in Ahmedabad between Dec. 14 and 22. The inspection was closed with six observations.

Bank of Baroda:

The company raised its stake in Open Network for Digital Commerce (ONDC) to 8.51% from 5.56% for Rs 30 crore.

KPIT Technologies:

The company approved the initial strategic acquisition of 13% shareholding in N?Dream AG, a cloud?based game aggregation platform for €2.7 million as a primary investment and €0.3 million as a secondary investment.

RBL Bank:

RBI?appointed director, named in 2021 when the bank was going through an unexpected leadership transition, retired on Dec 23.

Talbros Automotive Components:

The company approved divesting and selling its entire 40% stake in Nippon Leakless Talbros to Nippon Leakless Corp. and Leakless Gasket for a consideration of Rs 81.80 crore.

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