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Adar Poonawala firm Rising Sun to buy 60% stake in Magma Fincorp for Rs 3,456 crore

Adar Poonawala firm Rising Sun to buy 60% stake in Magma Fincorp for Rs 3,456 crore
As par the agreement, Magma Fincorp to allot 45.80 crores equity shares to Rising Sun Holdings and 3.57 crore shares to Sanjay Chamria and Mayank Poddar
Chitranjan Kumar | February 10, 2021 | Updated 22:53 IST
Adar Poonwalla-led firm Rising Star Holdings to acquire controlling stake in Magma Fincorp
Adar Poonwalla-led firm Rising Star Holdings is planning to acquire controlling stake in financial services company Magma Fincorp via open offer. Rising Star will buy 60 per cent stake in Mumbai based non-banking financial company (NBFC) in a Rs 3,456 crore cash deal. The open offer is subject to receipt of statutory and other regulatory approvals. ....

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Serum Institute seeks approval to conduct trial for Novavax COVID-19 vaccine

Serum Institute seeks approval to conduct trial for Novavax COVID-19 vaccine
Last year in September, Novavax had announced its deal with Serum Institute in order to produce 2 billion doses of COVID-19 vaccines
BusinessToday.In | January 29, 2021 | Updated 16:49 IST
Novavax s protein-based coronavirus vaccine was 89.3 per cent effective in preventing coronavirus in a trial conducted in the UK
After successfully manufacturing the University of Oxford-AstraZeneca s Covishield vaccine in India, Serum Institute of India (SII) has now applied to India s drug controller to conduct a trial of Novavax Inc s COVID-19 vaccine. Serum Institute s CEO Adar Poonwalla told news agency Reuters that he is expecting a decision on the Indian trial on Novavax s vaccine soon. ....

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Sharad Pawar visits Serum Institute in Pune in wake of fire | India News

PUNE: NCP chief SharadPawar on Saturday visited the city-based Serum Institute of India (SII), where a major fire had broken out two days ago, killing five persons.
Sources in the SII said, Pawar visited the affected building around noon and took stock of the situation.
Serum s CEO, Adar Poonwalla, accompanied Pawar.
In a tweet, Pawar later said, Visited the Serum Institute in Pune along with @adarpoonawalla and reviewed the present situation there, after the unfortunate fire incident.
Visited the Serum Institute in Pune along with @adarpoonawalla and reviewed the present situation there, after the… https://t.co/52FlmugA5d Sharad Pawar (@PawarSpeaks) 1611385762000 ....

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Mumbai City Latest Updates: CM Uddhav Thackeray inaugurates Balasaheb Thackeray's statue : The Balasaheb Thackeray statue has been inaugurated

Mumbai City Latest Updates: CM Uddhav Thackeray inaugurates Balasaheb Thackeray s statue
Mumbai City Latest Updates: CM Uddhav Thackeray inaugurates Balasaheb Thackeray s statue
As Mumbai’s coronavirus vaccination drive marked its fourth day, a total of 3,539 health workers received the jab out of the targetted 3,852 beneficiaries at the designated centres on Friday. The BMC has also eased the earlier rule that healthcare workers could only get vaccinated at the hospital-centre assigned to them by the Co-WIN software. They can now walk into any of the hospitals offering Covid-19 vaccines for their shots. Mumbai reported 482 fresh coronavirus cases and the city s cumulative total climbed to 3,05,131. Both Dadar and Dharavi reported 0 new cases in the last 48 hours. Meanwhile, the Mumbai Traffic Police have issued restrictions on the movement of vehicles on Saturday as the statue of Shiv Sena s late supremo Balasaheb Thackeray will be unveiled in South Mumbai.Follow all th ....

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NCP chief Sharad Pawar visits Serum Institute in Pune in wake of fire

Read more about NCP chief Sharad Pawar visits Serum Institute in Pune in wake of fire on Business Standard. A major fire had broken out two days ago, killing five persons ....

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