Lupin, KPI Global Infrastructure and PTC India to see some action today

Lupin has received approval from the United States Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA), Arformoterol Tartrate Inhalation Solution 15 mcg (base)/2 ml, Unit-dose Vials to market a generic equivalent of Brovana Inhalation Solution, 15 mcg /2 ml of Sunovion Pharmaceuticals Inc. (Sunovion).

KPI Global Infrastructure has received the biggest single order for executing solar power project of 25 MWdc capacity from Greenlab Diamonds, Surat under 'Captive Power Producer (CPP)' segment of the Company. Earlier, the company had received order for executing solar power project of 2 MWdc capacity from Shabnam Petrofils, Surat under Captive Power Producer segment of the Company.

PTC India has bagged new contracts worth Rs 10.08 crore under consulting services. As per the contracts, the company will provide services to Madhya Pradesh Industrial Development Corporation (MPIDC).

IDFC First Bank has raised Rs 1,500 crore through private placement of Unsecured, Subordinated, Rated, Listed, Non-Convertible, Fully Paid-Up, Taxable, Redeemable Basel III Compliant Tier 2 Bonds (in the nature of Debentures) for a face value of Rs 1 crore each. The Bonds shall be redeemed in accordance with the terms of issue on its original maturity of 10 years, however, a Call Option may be exercised at the sole discretion of the Bank after completion of 5 years from the date of allotment and yearly thereafter, and subject to fulfilment of extant regulatory provisions.

Thermax has executed Share Subscription Agreement with Exactspace Technologies and its Promoters and Shareholders Agreement with Exactspace, its Promoters and Shell India Markets (Existing Investor). The investment will result in the company holding up to 15.17% of the share capital of Exactspace. The company proposes to provide end to end asset support to customers and increase its share of service offerings by collaborating with Exactspace as IoT solution partner.

Ugro Capital has raised its first impact focused debt investment of Rs 138 crore from funds managed/ advised by Switzerland based impact investor responsAbility. The transaction was structured in two legs - in the first leg, an Rs 31 crore equivalent USD-denominated ECB was raised which was followed by Rs denominated NCDs totalling Rs 107 crore in the second leg.

Amrapali Industries’ board has approved the incorporation of a wholly owned subsidiary of the company namely Amrapali Industries Global lFSC (WOS) by subscribing 1,50,000 shares of Rs 10 each in the paid-up share capital of the Proposed Company.