Bharat Electronics: The Ministry of Defence has signed two contracts worth Rs 3,800 crore with the company, for the supply of medium power radar and digital radar warning receivers (RWR) for Indian Air Force.
Lupin: Company received tentative approval from US FDA for Obeticholic acid tablets. The tablets had an estimated annual sales of $255 million in the US as per IQVIA MAT data of December 2022.
Rail Vikas Nigam: The company’s JV with Rachana construction has received LOA in EPC mode in Gujarat, to upgrade the Sarkhej-Changodar section of NH-8A for the Ahmedabad-Bagodara-Rajkot road to six lanes with a paved shoulder.
The project cost is Rs 252.2 crore. According to the deal, Rachana Construction will hold 60% of the share in the project whereas Rail Vikas Nigam’s share will be 40%.
Tata Steel: The company has acquired the balance of 1.35 crore equity shares of Tata Steel Advanced Materials from Tata Steel Downstream Products at Rs 12.81 per share, amounting to Rs 17.33 crore. After this transaction, Tata Steel Advanced Materials has become a direct wholly owned subsidiary of Tata Steel.
India Bulls Housing Finance: Company has raised Rs 91.64 crore as its Securities Issuance and Investment Committee had approved the allotment of 9.16 lakh non-convertible debentures for a face value of Rs 1,000 each for cash at par on a public issue basis.
IDFC First Bank: IDFC FHCL, a subsidiary of IDFC, has received 37.75 crore equity shares of IDFC FIRST Bank on payment of the application money of Rs 2,196.30 crore to IDFC FIRST Bank. With this investment, IDFC’s holding, through IDFC FHCL, in IDFC FIRST Bank will go up to 39.99%.