Corporate Snippets

Cipla will invest Rs10bn in the immediate and near future in factories, expansion of existing facilities and infrastructure. (BS)

HDIL has objected to Golden Tobacco’s renewed plans to sell four acres of its land in the Andheri area of Mumbai, expected to be worth around Rs1bn. (BS)

Reliance Industries is seen as a likely partner for Chesapeake Energy Corp's Eagle Ford shale acreage. (DNA)

The promoters of Religare Enterprises made an open offer to acquire about 28mn shares of financial services company at Rs457 a share. (BS)

Piramal HC is likely to consider buyback of shares along with special dividend after it gets the proceeds deal with Abbots Labs. (DNA)