Sun Pharmaceutical Industries Ltd.

Godawari Power & Ispat has signed a Share Purchase Agreement with Hira infraTek (HITL) on March 21, 2022 to acquire 44,54,621 equity shares of Hira Ferro Alloys (HFAL) from HITL at a price of Rs. 224/-per share. Subsequent to acquisition of these 44,54,621 equity shares of HFAL from HITL, the GPIL's holding in HFAL shall increase from 56.45% to 75.66% of the paid-up capital of HFAL.

G R Infraprojects has emerged as L-1 bidder in Financial Bid Opening dated March 21, 2022 for the tender invited by National Highways Authority of India for '4-Laning of UjjainBadnawar Section from km 26.9 to km 96.00 (Length-69.1 km) in the State of Madhya Pradesh on HAM'.

The board of REC has approved a proposal to raise up to Rs 85,000 crore in 2022-23 which includes Rs 75,000 crore from different type of bonds, term loans, external commercial borrowing among others.

Bank of India (BoI) has invested nearly Rs 109 crore in National Asset Reconstruction Company (NARCL). The bank's shareholding in NARCL will come to 9 per cent as on March 21, 2022. Incorporated in July 2021, NARCL is an asset reconstruction company backed by the government.

Sun Pharmaceutical Industries has entered into a share purchase agreement (SPA) with Daiichi Sankyo Company, Japan wherein subject to conditions precedents, the Company has agreed to acquire 68,86,500 (Sixty Eight Lakhs Eighty Six Thousand Five Hundred) equity shares, representing 11.28% of present equity share capital of Zenotech Laboratories, which is presently a subsidiary of the Company. The above transaction is inter-se transfer between the promoters of Zenotech Laboratories.

APL Apollo Tubes (APL Apollo), India's leading branded structural steel tube manufacturer, announced a minority equity investment by APL Apollo Mart (Apollo Mart), a wholly owned subsidiary of APL Apollo in Shankara Building Products (Shankara) through a combination of purchase of secondary promoter shares and proposed preferential allotment of convertible warrants. The investment is in-line with APL Apollo's growth vision.

Avantel has received an order for an amount $13,66,000 from Lockheed Martin Corporation for supply of Satcom Equipment. Earlier, the company had received the supply order for supply of Loco devices for implementation of RTIS phase -- 2 (Real Time Train Information system). The company had bagged an order for an amount Rs 125.68 crore exclusive of applicable taxes.