Company Profile

GlaxoSmithKline Pharmaceuticals has decided to transfer its rights in relation to the Iodex and Ostocalcium brands to GlaxoSmithKline Asia, for an aggregate consideration of Rs 1649 crore. The transaction is expected to be completed before the end of the year, subject to shareholder approval and the customary closing conditions, including relevant regulatory approvals.

GlaxoSmithKline Pharmaceuticals is an Indian subsidiary of GlaxoSmithKline plc. The company business has a broad portfolio of innovative and established medicines, with leadership positions in respiratory and HIV. 

Vodafone Idea’s (VIL) enterprise arm -- Vodafone Idea (VIL), Vi Business has lined up a range of new postpaid plans for corporate customers. The upgraded plans will be bundled with range of exclusive benefits. Vi 'Business Plus' plans would enable corporate customers to strike the right balance between business objectives and employee preferences in an increasingly hybrid working environment.

U.S. based Adagio Therapeutics has granted an exclusive license to Biocon Biologics, a fully integrated biosimilars company and a subsidiary of Biocon, to manufacture and commercialize an antibody treatment based on ADG20 for India and select emerging markets. ADG20, a novel monoclonal antibody targeting the spike protein of SARS-CoV-2 and related coronaviruses, is in global clinical development by Adagio as a single agent for both the treatment and prevention of COVID-19, the disease caused by the SARS-CoV-2 virus, its variants, as well as future variants that may emerge.

Bajaj Auto has reached an agreement its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM through a two-step transfer of their stakes to a new holding company.

GlaxoSmithKline Pharmaceuticals has decided to transfer its rights in relation to the Iodex and Ostocalcium brands to GlaxoSmithKline Asia, subject to shareholder approval, for an aggregate consideration of Rs 1649 crore. The transaction is expected to be completed before the end of the year, subject to shareholder approval and the customary closing conditions, including relevant regulatory approvals.

Prataap Snacks has commenced commercial production at its newly set up Unit situated at Mouza - New Kolorah, Police Station - Domjur, District - Howrah, West Bengal on July 26, 2021.

Sharika Enterprises has received the order from LS Cable India for Supply of Cable Accessories amounting 1.67 crore Including Taxes. Earlier, the company had received the order amounting Rs 4.23 crore.

Tata Power has committed to reducing emissions in alignment with the Science-Based Targets initiative (SBTi). SBTi is a project which drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets.

In compliance with the provisions of Regulation 24A of SEBI LODR Amendment Regulations, 2018, read with SEBI Circular dated February 08, 2019, Glaxosmithkline Pharmaceuticals has informed that it has enclosed the Annual Secretarial Compliance Report of the Company for the financial year ended 31st March 2021.

The above information is a part of company’s filings submitted to BSE.