Daily Fundamental Snippets

Hindustan Lever Ltd (HLL) has reported a 31.8% growth in calendar 2006.

Ranbaxy Laboratories plans to raise $2 billion via American Depository Shares (ADS) to fund the proposed acquisition of Merck's generics business valued at $5.2 billion.

ICI India has divested a portion of its auto refinish paints business to PPG Industries of the US.

Nitesh Estates has reported that New York-based Och-Ziff Capital Management Group has picked up 25 per cent stake in the company for $51 million.

Lupin Ltd has entered into an agreement with Laboratoires Servier of France for the sale of certain patent applications and related intellectual property (IP) of blood-pressure drug Perindopril for multiple countries.


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