Reliance Industries

The company is planning to shut down one crude distillation
unit (CDU) and fluidized catalytic cracker (FCC) of its SEZ refinery at
Jamnagar for routine maintenance and inspection activities. The duration of the
shutdown is expected to be between 4-5 weeks for the CDU, starting September
10, 2022. The other CDU and secondary processing units are likely to function
normally during this period.

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Zydus Lifesciences

The company has acquired rights to market MonoFerric (iron
isomaltoside) injection, used to treat iron deficiency in adult patients, in
India and Nepal from Denmark-based Pharmacosmos A/S). However, Zydus
Lifesciences did not disclose the financial details of the transaction. With
this development, iron deficiency patients will get access to this critical
therapy which will be enhanced by the company’s “strong last-mile delivery”.

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Budget carrier SpiceJet announced that it has appointed
Ashish Kumar as its Chief Financial Officer (CFO). Kumar’s appointment for the
post is effective from September 9, SpiceJet said in a statement.

Websol Energy Systems

Amp Energy has announced a joint venture with Websol Energy
Systems for the manufacturing and production of up to 1.2 GW of monocrystalline
PERC solar cells and modules. The production of monocrystalline PERC solar
cells and modules would be in two phases of 600 MW each at Websol’s existing
unit at Falta in West Bengal. In the joint venture, Websol will hold a 51%
stake and Amp Energy will have the 49%.

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Kotak Mahindra Bank

Kotak Securities, a subsidiary of Kotak Mahindra Bank, is
acquiring all the assets of Bengaluru-based start-up FundExpert Fintech, a
digital multi-asset wealth management platform for independent financial
advisors (IFA) and mutual fund distributors. More than 2,300 distributors use
the FundExpert platform to manage mutual fund portfolios worth more than Rs
15,000 crore, Kotak Securities said in a statement.

HG Infra Engineering

Subsidiary HG Ateli Narnaul Highway has received the
completion certificate for its road project in Haryana. With this, the project
has been declared fit for commercial operations as on March 11, 2022.

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IRB InvIT Fund

The company is set to buy the Vadodara Kim Expressway HAM
project in Gujarat from its sponsors IRB Infrastructure Developers, at an
enterprise value of Rs 1,297 crore and equity value of Rs 342 crore. The
acquisition is likely to be completed by October 2022. After the completion,
the InvIT will have six operations and revenue generation assets in its

Ujjivan Small Finance Bank

The bank has issued non-convertible debentures of Rs 74
crore. The redemption date for the NCDs is April 26, 2028, and the coupon rate
is 11.95%.

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Gujarat Industries Power

The company board of directors had approved the award of an
EPC contract worth Rs 244 crore to KEC International. The contract is for a
400/33 KV pooling sub-station, 1,200 MW of solar, wind, and hybrid power, and a
renewable energy park of 2,375 MW capacity in Gujarat.