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Shalby Limited provides guarantee for overseas subsidiary

Shalby Limited has provided security by way of Stand by Letter of Credit Guarantee amounting to USD 9.45 million ....

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Shalby subsidiary receives license for import of medical devices; Stock soars ~4%

Mars Medical Devices received a license for the complete range of Joint replacement from Shalby Advanced Technologies Inc. USA. ....

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Stocks To Watch: Reliance, HDFC Life, IDBI Bank, Hindustan Zinc, JSW Steel, Shalby, HUL, Asian Paints

The S&P BSE Sensex and NSE Nifty 50 declined for the third session on Thursday, dragged by losses in information technology and energy stocks.

Sensex fell 1.06% to 59,464.62. The Nifty also declined by similar magnitude to 17,757. ....

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Barometers hover near day's high; breadth remains strong

Read more about Barometers hover near day s high; breadth remains strong on Business Standard. The benchmark indices hit intraday high in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, surged 633.05 points or 1.30% at 49,365.60. The Nifty 50 index jumped 173.50 points or 1.18% at 14,851.30. ....

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Shalby gains on acquiring implant assets from Consensus Orthopedics

Shalby gained 1.31% to Rs 162.40 after the company announced that it has entered into a definitive agreement to acquire certain assets from California- based Consensus Orthopedics, for a total cash consideration of $11.45 million.
The assets were acquired by Shalby Advanced Technologies Inc, a wholly owned subsidiary of Mars Medical Devices, which is a wholly owned subsidiary of Shalby. The announcement was made on Saturday, 15 May 2021.
The acquired assets are primarily comprised of inventory and plant and equipment. Product inventory includes knee systems, mobile bearing knee systems, hip systems and revision knee systems. The manufacturing plant and equipment consists of machining & finishing (60,000 components per annum), inspection (75,000-80,000 components per annum) and cleaning, packaging & sterilization (1,50,000 components per annum). The manufacturing site is USFDA certified and has ISO certification 13485:2016. In addition, an experienced team of over 40 consen ....

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