On Friday Indian shares fell sharply ahead of December-quarter gross domestic product data, as a spike in global bond yields sparked a sell-off in world equities. Dewan Housing Finance Corp. Ltd seems to be locked in an upper circuit at ₹19.80, even as the markets are seeing a bloodbath.
The non-bank lender has filed an application for submission of resolution plan of Piramal Capital & Housing Finance Ltd (PCHFL) with the National Company Law Tribunal. Natco Pharma gained ).35% on Friday, as it launched epilepsy treatment drug ‘Brivaracetam.
The company has launched Brivaracetam tablets under brand BRECITA in India, Natco Pharma said in a regulatory filing. Brivaracetam, indicated towards treatment of epilepsy, is developed by UCB Pharma and currently marketed in India by Dr Reddy’s under brand name Briviact.
Just Dial was trading at ₹738.65 a piece, down -3.76%, a day after announcing the launch of its B2B app Jdmart. Meanwhile, HDFC Mutual Fund has offloaded 2.73% stake in local search engine for over ₹108 crore through an open market transaction. According to a regulatory filing, the schemes of HDFC Mutual Fund, which held 8.33% stake in Just Dial earlier, sold 1,690,653 shares in open market transaction. The shares were offloaded on February 24, 2021.
Jet Airways was trading -2.18% lower at 1:22 pm. Meanwhile, UAE-based Indian businessman Murari Lal Jalan, who is part of a two-member consortium chosen to revive Jet Airways (India) Ltd by its creditors, is in an advanced stage of talks with the Uzbekistan government to start a full-service airline and also build a new airport in the central Asian country, lawyers representing the lenders and their chosen resolution professional informed the Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday.