Jun 10, 2021By: Rounak Jain
Some of its product shipments could get delayed after an emergency shutdown of the company’s catalytic cracker unit in Jamnagar refinery.
Its shares surged by over 3 percent, closing in on the ₹5,900 mark in the first half of the day.
Shares of the active pharmaceutical ingredient (API) maker have surged by over 3.5 percent, making it the top gainer on the Nifty50 index at 12pm.
It has set up a committee to consider raising ₹500 crore via non-convertible debentures.
Its planned annual general meeting scheduled for June 8 has now been pushed to June 14.
Century Plyboards India, Cera Sanitaryware, eClerx Services, Mazagon Dock Shipbuilders, NHPC, Parle Industries, Shankara Building Projects, Steel Authority of India, Tide Water Oil India.
It reported a 23 percent fall in its net profit in the March 2021 quarter to ₹30 crore, while revenue fell by 5 percent to ₹590 crore, year-on-year.
It has announced plans to spin off two of its gas pipeline projects via an infrastructure investment trust (InvIT).
Its board will meet on June 13 to consider proposal to raise long-term funds from domestic or global markets.
Its subsidiary Wipro IT Services LLC has approved the issuance of dollar-denominated notes totaling to $750 million (approx. ₹5,470 crore).
It has acquired Jampp, a leading programmatic mobile marketing company, for $41.3 million (approx. ₹300 crore).
It reported a profit of ₹20 crore in the March 2021 quarter against a loss of ₹29 crore a year ago. Revenue increased marginally to ₹1,341 crore from ₹1,330 crore, year-on-year.