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SPARC share price: Shares of Sun Pharma Advanced Research Company (SPARC), the research division of India’s top pharmaceutical firm Sun Pharma, fell by 20% on Wednesday after unsatisfactory results from Phase 2 trials of its experimental drug SCD-044. SPARC share price opened at an intraday high of ₹186 apiece on the BSE, the stock touched…
HDB Financial Services IPO: HDB Financial Services (HDBFS) Ltd, a subsidiary unit of India’s largest private sector lender—HDFC Bank, has received the approval from capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹12,500 crore through an upcoming initial public offering (IPO). The parent firm HDFC Bank, which holds a 94.6 per…
IDFC First Bank on Monday said its shareholders have rejected the proposal to allow global private equity firm Warburg Pincus’ arm to nominate a non-executive director on the bank board. Last month, IDFC First Bank board had approved a preferential equity issue of about ₹4,876 crore to Currant Sea Investments BV, an affiliate company of…