Shriram Properties Ltd Initial Public Offering To Open On Dec 08, 2021

* Price Band fixed at Rs 113 to Rs 118 per equity share of face value of Rs. 10 each of Shriram Properties Limited (“Equity Shares”)

* Bid /Offer Opening Date – Wednesday, December 08, 2021 and Bid/ Offer Closing Date – Friday, December 10, 2021

* The Anchor date shall be Tuesday, December 07, 2021

Shriram Properties Limited (The “Company”) to open its Bid / Offer in relation to its initial public offering on Wednesday, December 08, 2021

The Price Band of the offer has been fixed at Rs. 113 to Rs. 118 per Equity Share. Bids can be made for a minimum of 125 equity shares and in multiples of 125 Equity Shares thereafter.

The Offer comprises of issuance of Equity Shares aggregating up to Rs. 600 crores (the “Offer”) and includes a fresh issue of Equity Shares aggregating upto Rs. 250 crores and an offer for sale aggregating upto Rs. 350 crores.

The offer of sale aggregates upto Rs. 90.95 crores by Omega TC Sabre Holdings Pte. Limited, upto Rs. 8.34 crores by Tata Capital Financial Services Limited, upto Rs. 92.21 crores by TPG Asia SF Pte. Ltd, upto Rs. 133.50 crores by WSI/WSQI V (XXXII) Mauritius Investors Limited (The “Investor Selling Shareholders”) and upto Rs. 25 crores by Other Selling Shareholders.

The offer includes a reservation aggregating up to Rs. 3.00 crores, for subscription by Eligible Employees (“Employee Reservation Portion”). The Eligible Employees are being Offered a discount of Rs. 11 per Equity Share.

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75% of the Net Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that the Company and the Investor Selling Shareholders may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion. Further, 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price.

Further, not more than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts (including UPI ID in case of RIBs, if applicable) which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) to the extent of their respective.

For details, see “Offer Information” beginning on page 378 of the Red Herring Prospectus.

The Equity Shares offered through Red Herring Prospectus are proposed to be listed on BSE and NSE.

Axis Capital Limited, ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers

All capitalized terms not specifically defined herein shall have the meanings ascribed to such terms in the red herring prospectus dated December 1, 2021. 

Mobil Associates With 83, The Most Awaited Movie Of This Year

 

Mobil, a leading brand of engine oil in India has partnered with the most awaited movie of the year ’83’, that is set to hit the silver screens this Christmas. India will relive the historic win at the 1983 Cricket World Cup through this sports drama. The movie is sure to stir patriotic fervour across the country. Ranveer Singh starrer ‘83’ has been making waves ever since the project was announced. Movie buffs have been eagerly waiting for the movie ever since the makers confirmed that it will release in the theatres.

The film will showcase the journey of 14 inspired men throughout the 1983 World Cup tournament, and the historic win under Kapil Dev’s captaincy.

Ranveer Singh will be seen stepping into the shoes of Kapil Dev. The ensemble cast includes Tahir Raj Bhasin, Jiiva, Saqib Saleem, Jatin Sarna, Chirag Patil, Dinker Sharma, Nishant Dahiya, Harrdy Sandhu, Sahil Khattar, Ammy Virk, Addinath Kothare, Dhairya Karwa, R Badree and Pankaj Tripathi. While Deepika Padukone will be seen in a cameo role, playing Romi, Kapil Dev's Wife.

Mobil is the official engine oil partner for the film. This association is one amongst several initiatives under the brand’s ‘Farak Laakar Dekhiye’ campaign, encouraging audiences to make a difference and see the change.

Commenting on the association, Deepankar Banerjee, CEO, ExxonMobil Lubricants Pvt Ltd, said, “We feel extremely proud to be associated with the movie ‘83. Mobil has been a strong proponent of making a difference and bringing change in society through our ‘Farak Laakar Dekhiye’ campaign. India’s world cup triumph in 1983 made a difference not just to Indian cricket and sports but also at one level to the national confidence and optimism. This December, we will celebrate the retelling of India’s triumph. This cricket plus movie combination gets the Indian pulse racing and will help us connect better with Indian consumers, trade partners, and employees.”

Reliance Entertainment and Phantom Films present 83, a Kabir Khan Films Production. The film is produced by Deepika Padukone, Kabir Khan, Vishnu Vardhan Induri, Sajid Nadiadwala, Phantom Films, Reliance Entertainment and 83 Film Ltd. 83 is directed by Kabir Khan. A Reliance Entertainment and PVR Pictures release slated this Christmas on 24th December 2021 in Hindi, Tamil, Telugu, Kannada, and Malayalam.

“I thank Mobil for their support and are pleased to have them as the Official Engine Oil Partner for the film. ’83 celebrates an iconic milestone that brought about a positive change in Indian cricketing history. This is in tune with Mobil’s ethos of Farak Laakar Dekhiye, making them a natural partner in this celebration,” said Kabir Khan, Director, ‘83.

‘83 is scheduled for theatrical release on December 24, 2021.

KisanKraft Receives INR 20 Crore Order For 5,000 Intercultivators From Across Nepal

* Sets aggressive export targets for 2022

KisanKraft, a Bengaluru-based agri-equipment company for small farmers, has received an order worth Rs. 20 Crores from Nepal for 5,000 intercultivators which will be manufactured in India at its recently commissioned 46-acre Nellore campus. The 15-year old company is planning aggressive export revenues for 2022 targeting SAARC, Asia, and Africa countries. The intercultivator is multi-utility equipment for the small farmer used for weeding, soil turning, soil mulching, and can also be used for soil loosening and smoothing before and after planting the crops. KisanKraft currently has a manufacturing capacity of 75,000 units of inter-cultivators per annum at its Nellore plant

Ankit Chitalia, CEO, KisanKraft Ltd. elaborated on the Nepal order and said, “Since we started production 2 weeks ago at our new factory in Nellore A.P., we have been receiving high interest for our machines from many SAARC countries and Africa.  Export order from Nepal for 5,000 intercultivators is worth about INR 20 crores, and we expect to get more export orders soon. Our machines have been proven in tough agricultural conditions in India, and there is a huge similarity with the countries we are targeting in terms of plot sizes, paying capacity, target usages. We make products suited for the small farmers who need equipment that are simple, rugged, multi-use, affordable, and easy to service.”

Ravindra Agrawal, Chairman KisanKraft further stated, “Our commitment to providing high-quality machinery to small farmers at an affordable price has been recognized and rewarded by customers. India is in a strong position to reduce dependence on imports of farm machinery and, also emerge as a manufacturing hub for exports. Our state-of-the-art factory equipped with latest CNC machines, presses, and an ROHS compliant powder coating line with Zero Liquid Discharge and testing facilities are designed to cater to the huge demand for these products in India and abroad”.

“KisanKraft caters to mechanization of the entire agricultural cycle, from land preparation to post-harvest operations. We are already manufacturing BIS-ISI certified engines and water pumps along with intercultivators at our Nellore plant. We are investing heavily in manufacturing and another factory is coming up in the same campus to manufacture Brushcutters, Sprayers, and Reapers, which will become operational in 2022”, added Ravindra Agrawal.

About KisanKraft

KisanKraft was founded in 2005 with a vision to improve the livelihoods and quality of life of small & marginal farmers by serving their needs in every facet of agriculture. It is India’s only company to serve the small farmer’s needs in the entire seed-to-harvest cycle. It is also India’s only company to manufacture intercultivators with inhouse component production. Intercultivators assist small farmers in most aspects of cultivation, from soil preparation, planting, crop management, harvesting, and post-harvesting operations. KisanKraft has served more than 50 lakh small farmers through mechanization adoption, to increase farmer earnings, crop productivity, and cultivated area. The company has become the leader in its segment, beginning from a small garage and three people in 2005, to a pan-India organization serving lakhs of farmers across India with a 46-acre campus in Nellore and through its’ 14 regional offices, 500+ employees, and a large network of 5,000+ dealers.

Tata Motors Provides All-New Winger Vaccine Van In Dharwad, Bolsters Government Vaccination Drive

* Vaccine Van delivered to the Indian Red Cross Society, Karnataka

Reaffirming its commitment towards community service, Tata Motors, India’s leading automobile company, announced the delivery of the Tata Winger Vaccine Van to the Indian Red Cross Society, Karnataka to extend its support to the government vaccination drive, raise awareness, and enhance coverage across the Dharwad district. The Winger vaccination van was flagged off by Mr. Nitesh Patil, Deputy Commissioner, Dharwad, Mr. Sitaram Kandi, Vice President, Human Resources, Mr. Mahesh Suguru, Plant Head, Mr. Adil Bala, Head-TA, TCF, Paint & BIW, Mr. Jagadish Kulkarni, Head-Technical Services, Mr. Nitin Kanwade, Head-LCV & M&HCV, Mr. Shubhesh Gaurav, Head-SCM, Dr. Kavan Deshpande, Red Cross Society, NGO partners, and other representatives from the administration and Tata Motors’ CSR team. 

The Tata Motors Vaccine Van is built on Tata Winger’s versatile platform and is customized to facilitate smooth vaccination in rural areas. It comes equipped with a refrigerator, doctor’s examination table, oxygen cylinder, suction machine, needle dispenser, beacon with public address system, and enhanced safety features. The Winger vaccine van will be deployed in the Dharwad district to facilitate the vaccination drive and build resilience within the community there to limit the spread of COVID-19 virus.

About Tata Motors

Part of the USD 109 billion Tata group, Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 34 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and amongst the top three in the passenger vehicles market.

Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centers located in India, UK, US, Italy and South Korea. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by preparing a tailor-made product strategy, leveraging the synergy between the Group companies and playing an active role liasoning with the Government in developing the policy framework

With operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia, supported by a strong global network of 103 subsidiaries, 9 associate companies, 4 joint ventures and 2 joint operations as on March 31, 2021, Tata Motors’ commercial and passenger vehicles are marketed in countries, spread across Africa, Middle East, South & South East Asia, Australia, South America, Russia and other CIS countries.

Yamaha's AEROX 155 Gets A More Aggressive Appeal With Metallic Black Colour

Continuing to grow within its brand direction, ‘The Call of the Blue’, India Yamaha Motor Pvt. Ltd. today announced that soon after the launch of the AEROX 155, the maxi-sports scooter has received an overwhelming response in the Indian market. To further build on this excitement, the company has launched the AEROX 155 in a new shade of Metallic Black. Adding to the appeal of the AEROX 155, the new Metallic Black colour is sure to give the maxi-sports scooter an even more aggressive look as it showcases sharp and aerodynamic body lines that are inspired by ‘R-Series’ motorcycle range. The Metallic Black colour version of the AEROX 155 is priced at Rs. 1,29,000, Ex-showroom Delhi, and will be available across all Yamaha Blue Square showrooms in India, from December 2021 onwards.

With the addition of the new colour, the AEROX 155 will be available in 3 colours now – Racing Blue, Grey Vermillion and Metallic Black. Yamaha will continue to make the AEROX 155 even more exciting with such upgradations, enhancing the overall ownership experience of racing aficionados in India.

The AEROX 155 is powered by a new generation 155cc Blue Core engine equipped with Variable Valve Actuation (VVA). Mated to a CVT transmission, the liquid-cooled, 4-stroke, SOHC, 4-valve motor produces a max power output of 15 PS at 8,000rpm with 13.9 Nm of peak torque produced at 6,500rpm. The AEROX 155 also gets a Smart Motor Generator System for quiet engine starts, whereas the Stop & Start System, boosts fuel efficiency.

On the feature front, the AEROX 155 showcases LED headlights and a tail light with 12 compact LEDs, a Single Channel ABS, 14-inch wheels with Wider 140mm rear tyre, Bluetooth Enabled Yamaha Motorcycle Y-Connect App, 5.8-inch Multi Information Display, 24.5 Litre Under seat storage and an External Fuel Lid.

Toyota Kirloskar Motor Ties Up With Karnataka Bank To Introduce Attractive Finance Options For Its Customers In India

* Innovative offerings to suit the customer needs and provide easy finance schemes

* Strengthens TKM’s tier II & III towns focus through A & B segment cars

In pursuance of its customer-first approach, Toyota Kirloskar Motor (TKM) today announced the signing of Memorandum of Understanding with Karnataka Bank to enable easy finance options for customers across a vast number of cities and towns in India.

Following the tie-up, Karnataka Bank will be one of the preferred financiers for the entire range of vehicles sold by TKM. The finance options at competitive interest rates will be available to customers, including those covered under priority sector schemes, for purchasing Toyota vehicles for both private and commercial use.

Sharing his thoughts on the alliance, Mahabaleshwara M.S, Managing Director & CEO, Karnataka Bank, said, “This is a collaborative effort of two great brands, Karnataka Bank and Toyota Kirloskar Motor, to provide the best in class service to our customers. We are delighted to be collaborating with TKM and this partnership will offer quick and seamless experience of our digital car loan product to the customers, who are desiring to own world class products from TKM. Karnataka Bank offers car loans through our extensive branch network with an indigenously developed end to end digital platform for existing as well as new customers, enabled with simplified and faster processing capabilities. The partnership offers constant commitment towards providing best in class services to our customers as well as the potential buyers of Toyota Kirloskar Motor Vehicles.”

Commenting on the tie-up, Mr. R Venkatakrishnan, Vice President (VP), Strategic Business Unit, TKM said, “TKM always strives to enhance & aid customer convenience by introducing timely and relevant schemes for easy finance options. This tie-up is one such endeavour,  enabled to establish new-age banking and finance solutions for a hassle-free and seamless buying experience for our customers. Following our successful foray into the B-segment with products such as Glanza and Urban Cruiser, we are witnessing strong demand from smaller cities and towns in addition to the metros. To meet the growing demand and improve the sales experience of our customers in both Metros as well as smaller markets, we are looking to further expand the reach of Toyota products across the country with a sharp focus on rural markets. With this collaboration, we have focused on designing innovative schemes to suit the customer needs while also providing ease of finance. Along with our partner, Karnataka Bank, we hope to build on our respective strengths to create the best solutions for our customers”.

Over the years TKM has continued to stay true to its customer-first policy, by consistently coming up with resourceful finance schemes and packages. The partnership with Karnataka Bank will further add to this list of plans that are available to Toyota customers.”

About Karnataka Bank

Karnataka Bank Limited is India's one of the time tested private sector Banks. It is an 'A' Class Scheduled Commercial Bank based in Mangaluru in Karnataka, India. Karnataka Bank Limited has wide network of  branches,  ATMs, Cash recyclers and e-lobbies/mini e-lobbies across India.

Karnataka Bank ventured into digital platforms for all major retail loan products and focuses more on customer delight using its traditional as well as digital channels. With over 9 decades of experience at the forefront of providing professional banking services and quality customer service, the digitally focused Bank is going to celebrate its centenary year in 2024.

Happiest Minds Is Among India’s Top 25 Best Workplaces In IT & IT-BPM 2021

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital. Born Agile’, Mindful IT Company, today announced being ranked among India’s Top 25 Best Workplaces in IT & IT-BPM 2021 by Great Place to Work InstituteTM.

Joseph Anantharaju, Executive Vice Chairman, Happiest Minds said, “This fourth accolade this year from the Great Place to Work InstituteTM is a testimony to our unique and award-winning culture of happiness and mindfulness. I dedicate these awards to our teams, their families, our customers and shareholders”.

Sachin Khurana, Vice President & Chief People Officer, Happiest Minds said, “Every single Happiest Mind is an Ambassador of Happiness and we are grateful to this our 4000+ team. Our wellness initiatives and diversity measures have sustained us through these times”.

Sharon S. Rajkumar, Vice President & Happiness Evangelist, Happiest Minds said, “This is the latest smilestone that we have received from Great Place to Work InstituteTM – in addition to Top 25 in IT & IT/BPM, this year saw us in India’s Top 25, Asia’s Top 100 and Top 50 for Women. Our People Practices continue to be in the Best Cultures Quadrant and we are grateful to our teams and all our stakeholders”.

The Great Place to WorkTM Institute’s Trust Model and Culture Audit driven rankings are widely considered the industry benchmark for workplace culture. This year’s edition of India’s Best Workplaces in IT & IT-BPM saw 263 organizations submitting nominations out of which top 75 were selected following a rigorous assessment.  Happiest Minds has regularly featured in the Great Place to Work Institute’s multiple rankings for over five years.

About Happiest Minds Technologies:

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, etc. Positioned as ‘Born Digital . Born Agile’, our capabilities span digital solutions, infrastructure, product engineering and security. We deliver these services across industry sectors such as automotive, BFSI, consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail and travel/transportation/hospitality.

A Great Place to Work-Certified™ Company, Happiest Minds is headquartered in Bangalore, India with operations in the U.S., UK, Canada, Australia and Middle East.