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TOP CORPORATE NEWS- 15 APR 2019

corporate news (2)
Alembic Pharma gets approval for Bimatoprost Ophthalmic Solution
Alembic Pharma, in its filing to the exchanges on Monday, informed that the company received US Food & Drug Administration (USFDA) Approval for Bimatoprost Ophthalmic Solution, 0.03%.
The approved ANDA is therapeutically equivalent to the reference listed drug (RLD), Lumigan, 0.03% of Allergan Sales, LLC (Allergan). Bimatoprost Ophthalmic Solution, 0.03%, the company said in a press note.
The drug is indicated for the reduction of elevated intraocular pressure in patients with open-angle glaucoma or ocular hypertension.

PC Jeweller extends gains on Carlina stake buy
Shares of PC Jeweller extended gain in intraday trade on Monday after foreign portfolio investor (FPIs) bought more than 2% in the company through the open market.
Carlina had purchased 124.65 mn equity shares, representing a 1.2% stake, in the company in April.
Earlier, on April 10, Carlina had acquired 3.7 mn shares, or 0.94% stake, in the company at price of Rs94.68/share, as per NSE data.

Dixon Technologies acquires 50% stake in Padget Electronics
Dixon Technologies (India) Limited (Dixon) has acquired its Joint Venture Company- Padget Electronics Private Limited (Padget) making it a Wholly-owned Subsidiary (WoS) of the Company. The company acquired a 50% stake in Padget Electronics for Rs27cr, the company said in the BSE filing on Friday after market hours.
The company has acquired, by way of acquisition, 75 lakh fully paid up equity shares of face value Rs10/- each of Padget Electronics Private Limited (“Target Company”), which represents 50% of total Equity Share capital of the Target Company, the company said in the filing.

SpiceJet gains 7% on launch of new international flights
Shares of SpiceJet gained 7% on Monday after the company launched a slew of new international flights from Mumbai.
SpiceJet will connect Mumbai to a host of international destinations with direct non-stop flights to Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok, and Kathmandu. The new international flights will commence from May-end, the company said in a press note to the exchange on Monday.

Jet Airways 5% stake pledged with SBICap Trustees
Jet Airways 5% stake has been pledged with SBICap Trustee Company, a PTI report said.
As per Media report, the lenders have taken control of the debt-ridden airline company. Further, ~5.19% stake of the airline were pledged with SBICap Trustee Company on April 11.
A media report also added that founder of the airline company Naresh Goyal has pledged 26% stake in the ailing airline as security for loans from Punjab National Bank.
Meanwhile, the company in its filing to the exchanges informed that Rajshree Pathy has submitted her resignation as an Independent Director of the company with effect from April 13, 2019, owing to time constraints on account of her other current commitments.

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