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Glenmark Pharma, Maruti Suzuki, Tata Metaliks are to be Watched

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Maruti Suzuki India has recalled 17,362 vehicles manufactured between December 8, 2022, and January 12, 2023, to inspect and replace the airbag controller (affected component) free of charge if required for these vehicles.

Glenmark Pharmaceuticals has announced an agreement with Eris Oaknet Healthcare Private Limited, a wholly-owned subsidiary of ERIS LIFESCIENCES LIMITED, to divest Tail Brands from its dermatology division in India and Nepal for a value of up to Rs 340.48 crore.

E.I.D. Parry (India) is a new 120 KLPD distillery of the company at its sugar unit in Andhra Pradesh in Sankili, having commercial operations with effect from January 17, 2023.

On a consolidated basis, the net profit of Tata Metaliks reported Rs 9.48 crore in the October-December quarter of FY23 compared to a net profit of Rs 35.88 crore in the October-December quarter of FY22. Total income rose to Rs 792.43 crore in the October-December quarter of FY23 from Rs 693.12 crore in the October-December quarter of FY22.

Shalby reported a net profit (consolidated) of Rs 15.27 crore in the October-December quarter of FY23 compared to a net profit of Rs 18.40 crore in the October-December quarter of FY22. Total income was high to Rs 206.5 crore in the October-December quarter of FY23 from Rs 207.1 crore in the October-December quarter of FY22.

The board of directors of Dishman Carbogen Amcis has approved the issuance of rated, senior, listed, redeemable, secured, principal-protected market-linked non-convertible debentures of the face value of Rs 1,00,000 each, aggregating up to Rs 100 crore, on a private placement basis in one or more tranche.

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