New Delhi, March 28 -- Bharat Forge (BFL) has secured a contract with the Ministry of Defence (MoD) to deliver 184 units of the 155mm/52-calibre advanced towed artillery gun system (ATAGS).

The company has invested Rs.85 crore in Jio Payments Bank by subscribing to 8.5 crore equity shares, aimed at supporting the bank's business operations. Following this investment, its stake in Jio Payments Bank will rise from 82.17% to 85.04%. Additionally, the company has purchased 1.73 crore equity shares of its subsidiary, Jio Finance, for Rs.1,000.24 crore, with the funds intended to support Jio Finance's business activities.

The bank successfully completed its Qualified Institutions Placement on March 27, raising Rs.1,219.39 crore by issuing 31....