Biocon Limited

Biocon Limited said it will acquire a 26% stake in AMPYR
Renewable Energy Resources Eleven Pvt Ltd (AREREPL) on a fully diluted basis in
one or more tranches for Rs 7.5 crore. AREREPL was incorporated on April 13,
2021. It is a special purpose vehicle formed for the generation and supply of
solar power. It will develop a 30 MWac solar power plant at Benkanhai village
in Karnataka.

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JSW Steel

The company said it has reserved Rs 10,000 crore to reduce
carbon emissions through various initiatives. JSW Steel aims to reduce carbon
emissions intensity by 42% by 2020, group chairman Sajjan Jindal said in an
annual report. The company has contracted for about 1 GW of renewable energy,
of which 225 MW became operational in April 2022, and the balance will come on
stream in phases, he added.

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HDFC

HDFC, which is slated to merge with HDFC Bank, raised Rs
4,000 crore through a paper having 21 months’ maturity at 7.28%. It received
bids in excess of Rs 70,000 crore. Usually, HDFC raises funds through long-term
papers (5-10 years) but issued a short-term paper after a long time.

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Infosys

The tech giant has agreed with The House Fund III, LP, a
Venture Capital (VC) fund based out of the US, for the investment of $10
million. The investment is expected to be completed by June 30 this year. This
is a minority holding and is not exceeding 20% of the fund size. The House Fund
is a pre-seed and early-stage VC fund, investing in startups from the UCB’s
ecosystem focused on AI.

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Minda Industries

The flagship company of the UNO MINDA Group said it has
acquired 4,48,162 equity shares or a 5.24% stake in German-based FRIWO AG, by
investing 14.99 million euros. The investment has been made in the aforesaid
company, after obtaining the requisite approvals including Reserve Bank of
India under Overseas Direct Investment (ODI) guidelines, the company said in an
exchange filing.

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GR Infraprojects

The company has concluded the development of the Purvanchal
Expressway (Package-VII) from Mojrapur to Bijaura in Uttar Pradesh on an EPC
basis. The Independent Engineer issued the completion certificate on June 28 and
declared the project fit for entry into commercial operation with effect from
March 7, 2022.

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Wonderla Holidays

Wonderla Holidays Limited has signed an agreement with the
Government of Odisha for leasing land of around 50 acres for the development of
an amusement park project in Kumarbasta Village, Khorda District, Bhubaneswar,
Odisha.

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MTAR Technologies

Investor Fabmohur Advisors LLP offloaded 61,855 equity
shares of a 0.2% stake in the company through open market transactions on June
28. With this, its stake in the company stands reduced at 0.79%, down from
0.99% earlier.

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Bharat Road Network

The company has received Rs 94.11 crore from the purchaser
for its equity exposure of Rs 112.16 crore in Shree Jagannath Expressways
Private Limited (SJEPL), an associate of the company, after the closing
transaction by selling an entire 40% stake owned in SJEPL. Indian Highway
Concessions Trust acting through its investment manager is the purchaser.