Tag Archive for biotech

DIL Limited subsidiary, Fermenta Biotech Limited wins accolades at UBM India Pharma Awards 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

DIL Ltd. (BSE: DIL: 506414) today announced that its subsidiary, Fermenta Biotech Ltd. (FBL) was recognized for excellence at the UBM India Pharma Awards 2018. FBL won three awards including Awards for Excellence in Export Promotion, Pharma International Excellence and Excellence in Corporate Social Responsibility. The prestigious awards were conferred on FBL at a grand event in Delhi attended by pharma industry leaders and visionaries from across the world.

Mr. Prashant Nagre, CEO, Fermenta Biotech Ltd. said, “These awards are testament to our efforts to remain ahead of the curve in a competitive global environment. We are happy to be recognized for our excellence amongst our peers. The award for our CSR efforts is a result of our belief that we should always give back to the community we are present in, and we are happy that our small contribution has been recognized.”

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DIL Ltd. approves Scheme of Amalgamation with subsidiary, Fermenta Biotech Ltd.

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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DIL Ltd. (BSE: DIL) today announced that the Board of Directors at its meeting held on June 21, 2018 has approved the Scheme of Amalgamation (‘Scheme’) with its subsidiary, Fermenta Biotech Ltd. (FBL) which is engaged in manufacturing and marketing of bulk drugs including Vitamin D3 and enzymes. Under the terms of the Scheme, 100 equity shares of DIL of Rs.10 each fully paid up would be issued for every 1,006 equity shares of FBL of Rs.10 each fully paid up.

However, as the Board had at its meeting held on June 18, 2018 recommended the split/sub-division of shares of DIL Ltd. from face value of Rs.10 (Rupees Ten) each to face value of Rs.5 (Rupees Five) each, and issue of Bonus equity shares in the proportion of 1:1, the number of shares to be issued to FBL shareholders would also undergo a change i.e. 100 equity shares of DIL of Rs.5 each fully paid up would be issued for every 251 equity shares of FBL of Rs.10 each fully paid up.

The Amalgamation will be value accretive to shareholders of DIL Ltd., as they would have directly access to the core business of the Group. The greater integration and increased financial strength and flexibility for the amalgamated entity would result in maximising overall shareholder value. The greater efficiency in cash management of the group and unfettered access to cash flow generated by the combined business will allow it to be deployed more efficiently to fund organic and inorganic growth opportunities, to maximize shareholder value. The pooling of human capital having diverse skills, talent and vast experience would result in improved organizational capability and leadership, allowing the company to compete successfully in an increasingly competitive industry. In addition, more focused operational efforts, rationalization, standardisation and simplification of business would result in substantial cost savings. Read more

Cultivate Quality Veggies with VeggieStar from Saveer Biotech Limited

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Veggiestar Product

Due to the growing urbanization, industrialization and use of excessive chemicals in agriculture, the food we eat is not fresh and hygienic anymore. In today’s time, most of the eatables are contaminated that can cause serious damage to our health. In answer to this problematic scenario, we can cultivate our own leafy greens and herbs, which will be more hygienic than today’s adulterated artificially, produced food items.  The urbanites have constraints of land, but have reasonable open spaces in their residential or office premises, where safe cultivation of hygienic vegetables is possible. Read more