Career Point has received ₹35 crore in its wholly-owned subsidiary Career Point Infra from Career Point University, Kota, towards asset sale transaction. Pramod Maheshwari, Chairman and Managing Director, Career Point, said that it was a very strategic and vigilant decision for the company to enter into the annuity-driven formal education segment. The company’s investments in formal education are being paid off, Maheshwari said. Shares of Career Point jumped 6.8 per cent at ₹126.05 on the NSE.
Sun Pharmaceutical Industries has completed buyback of 75 lakh shares at ₹900 each for an aggregate amount of ₹670 crore. The buyback of the fully paid-up equity shares was completed on a proportionate basis through the tender offer route, the drug maker said in an exchange filing. The buyback offer had opened on September 22 and closed on October 5. Shares of Sun Pharma closed 0.3 per cent higher at ₹747.75 on the NSE.
GHCL on Friday said its board has approved an additional capital expenditure of ₹67.25 crore for the company’s yarn and home textile division. The expenses will go towards setting up a 2.1-MW windmill, as well as purchase of equipment and improvement in capacity, the company said in an exchange filing. Shares of GHCL tumbled 5.8 per cent at ₹278 on the NSE.