Global pharmaceutical giant Lupin has announced that it has received the Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration (FDA) for its facility located in Chhatrapati Sambhajinagar (Aurangabad). This followed a product-specific Pre-Approval Inspection conducted from September 1 to September 5.
In other developments, RITES Limited has been awarded a Letter of Award from Cochin International Airport Ltd for the construction of a Regulator cum Bridge (RCB) across Chengalthodu at Chengal, Kanjoor Panchayath. This project will be executed on a turnkey basis, with an estimated cost of ₹52 crore, excluding GST, which includes Project Management Consultancy (PMC) fees.
Cosmo First Limited has entered a strategic joint venture with South Korea’s Filmax Corporation, sharing a 50-50 stake. This collaboration aims to introduce and scale multiple business segments of Cosmo First in the South Korean market while promoting Filmax products globally through Cosmo’s various international arms.
Kanpur Plastipack Limited (KPL), specializing in Flexible Intermediate Bulk Containers (FIBCs) and technical textiles, has announced a capital expenditure plan of ₹105.26 crore. This initiative aims to enhance production capacity, operational efficiency, and the diversification of product segments. A new facility for its FIBC Division will be constructed at Unit 3, Gajner Road, with an investment of ₹47.22 crore covering three projects: a new manufacturing facility, a modern roll management system, and a new warehouse for the Trading Division.
Natco Pharma Limited reported the successful delisting of Adcock Ingram Holdings Limited from the Johannesburg Stock Exchange as of November 11. This milestone concludes a strategic acquisition wherein Natco secured a 35.75% stake in Adcock, valued at approximately $226 million (ZAR 4 billion). Natco had made an offer of ZAR 75 per share to acquire the minority shareholders, a proposal that garnered substantial shareholder support and approval in October 2025. This acquisition solidifies Natco’s market presence in South Africa.
Absolute Sports, a subsidiary of Nazara Technologies, is entering the burgeoning sport of pickleball through the acquisition of the Mumbai franchise in the Indian Pickleball League. With exclusive rights to the Mumbai territory, Absolute Sports plans to develop and manage the team, encompassing its digital identity, branding, and fan engagement initiatives.
State-owned NTPC is preparing to venture into coal gasification, recognizing that the final product can serve dual purposes as fuel and as feedstock for fertilizers and synthetic fuel. This initiative aims to optimize profits while enhancing clean fuel availability in the country.
Sammaan Capital Ltd, formerly Indiabulls Housing Finance Ltd, has issued an offer to all debenture holders, excluding those with Subordinated Debt bearing ISIN INE148I08215. The Asset Liability Management Committee has decided to purchase Non-Convertible Debentures maturing on or before June 30 at par, retaining them as treasury stock until maturity.
BSE has injected ₹41.28 crore into its subsidiary, India International Exchange (IFSC) Limited, by taking part in a rights issue through the Overseas Direct Investment (ODI) pathway. This capital infusion is intended to bolster ongoing operations and support new strategic initiatives within the exchange.
Lastly, the National Company Law Tribunal (NCLT) has concluded hearings on Vedanta Ltd’s proposed demerger and has reserved its judgment. This has emerged in light of objections from the government regarding pending claims amounting to ₹16,700 crore, drawing attention to the mining giant’s corporate restructuring plans and their potential implications for its financial status.
Published on November 13, 2025.
