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24 Nov 2015

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News/Events affecting stock prices
Indian markets are expected to open lower tracking weak Asian markets.
Tomorrow is holiday for markets on account of Guru Nanak Jayanti.
Pfizer Ltd: The biggest deal in the history of pharmaceutical is here and Pfizer Inc. will become Pfizer plc. On Monday pharma giant Pfizer announced it has struck a deal with Irish drug maker Allergan for roughly $160 billion as part of a merger that would create one of the largest pharma company.

Gammon India
Gammon India Ltd: Bankers led by ICICI Bank have decided to initiate Strategic Debt Restructuring for Gammon India-wherein lenders would acquire controlling stake of 51% equity stake in the construction and engineering company.

Max India
Max India Ltd: The company plans to sell 23 per cent stake in Max Bupa Health Insurance to its UK-headquartered parent Bupa for Rs 191 crore in an all-cash transaction that values the health insurer at Rs 830 crore.

Wockhardt Ltd: India's drug pricing watchdog National Pharmaceutical Pricing Authority (NPPA) has exempted drug maker Wockhardt's three insulin products from price controls for five years, starting January 8, 2015.