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China Tech Buzz

Global News Impacting Chinese Tech

Buzzing stocks today: Anupam Rasayan, Bliss GVS, Oil India, NBCC, RVNL, Lupin, Aurobindo Pharma, Goodluck, PNC Infra, Sterlite Tech, CBI and others

News Snapshot:

Surat-based Anupam Rasayan India Ltd said it was acquiring up to 74.2 per cent in Bliss GVS Pharma Ltd, a Mumbai-based formulations company. A provider of custom synthesis and specialty chemicals Anupam Rasayan said in a statement it was picking up 43.3-48.2 per cent equity stake, followed by an open offer to the public shareholders of Bliss GVS Pharma Limited, at a reported cost of ?1,360-plus crore. The company plans to acquire shares at Rs 299 per share. The acquisition will be funded through a Rs 300 crore term loan, with the remaining amount financed via a non-controlling, non-voting equity…

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