Swiggy Limited’s Initial Public Offering To Open on Nov 6-8, 2024; Price Band Fixed From Rs 371 To Rs 390 Per Equity Share

*  Price Band fixed at Rs  371 per equity share to Rs 390 per equity share of the face value of Rs 1 each (“Equity Shares”) of Swiggy Limited (the “Company”)

* Anchor Investor Bidding Date – Tuesday, November 05, 2024

* Bid /Offer Opening Date – Wednesday, November 06, 2024, and Bid/ Offer Closing Date – Friday, November 08, 2024

* Bids can be made for a minimum of 38 Equity Shares and in multiples of 38 Equity Shares thereafter

* For further details, please also see price band advertisement shared as an attachment or view price band advertisement published in Financial Express newspaper dated October 30, 2024 on  page no 26.

Swiggy Limited, India's pioneering on-demand convenience platform (the “Company”), proposes to open its initial public offering (“Offer”) on Wednesday, November 06, 2024. Bid/ Offer Closing Date will be Friday, November 08, 2024. Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, that is, Tuesday, November 05, 2024. 

The Price Band of the Offer has been fixed from Rs 371 per Equity Share to Rs 390 per Equity Share. Bids can be made for a minimum of 38 Equity Shares and in multiples of 38 Equity Shares thereafter.

The Offer comprises of a Fresh Issue of Equity Shares aggregating up to Rs  44,990 million (the “Fresh Issue”) and an offer for sale of up to 175,087,863 equity shares  (the “Offer for Sale”) by the Selling Shareholders. .

The Offer includes a reservation of up to 750,000 equity shares of face value of Rs 1 each, aggregating up to Rs [•] million, for subscription by eligible employees not exceeding 5% of our post-offer paid-up equity share capital (the “Employee Reservation Portion”). The Offer less the Employee Reservation Portion is hereinafter referred to as the Net Offer.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).

This is an Offer in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. This Offer is being made through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion the “QIB Portion”) provided that our Company and Selling Shareholders, in consultation with the BRLMs, may 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 price at which Equity Shares will be allocated to the Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations. 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 (excluding the Anchor Investor Portion) (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net 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. If at least 75% of the Net Offer cannot be Allotted to QIBs, then the entire Bid Amount (as defined hereinafter) will be refunded forthwith. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not more than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders (“NIBs”) of which (a) one third portion shall be reserved for NIBs with application size of more than Rs 200,000 and up to Rs 1,000,000; and (b) two-thirds of the portion shall be reserved for NIBs with application size of more than Rs ,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in other sub-category of the NIBs in accordance with SEBI ICDR Regulations, subject to valid Bids being received above the Offer Price and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Bidders (“RIB”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Further, Equity Shares will be allocated

on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids being received from them at or above the Offer Price. All 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 and UPI ID (in case of UPI Bidders (defined hereinafter) using the UPI Mechanism), in which case the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as applicable to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Offer through the ASBA process. For details, see “Offer Procedure” beginning on page 445 of the Red Herring Prospectus.

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, BofA Securities India Limited, Jefferies India Private Limited, ICICI Securities Limited and Avendus Capital Private Limited are the book running lead managers (“Book Running Lead Managers” or “BRLMs”) to the Offer.

Terms used but not defined herein shall have the meaning assigned to such terms as defined in the RHP.

VOX India Expands Product Range With Ceiling And Wall Panels For Modern, Sustainable Architecture

~ Pioneering innovative building materials, VOX India presents Infratop Four Lamella SV26, Fronto SV24, and Welo SV22 – a trio of ceiling and wall panel solutions redefining modern aesthetics and durability for diverse architectural applications~

VOX India, a leading interior and exterior building material company, expands its product line up with the launch of three versatile wall and ceiling panels: the Infratop Four Lamella SV26, Fronto SV24, and Welo SV22. These panels cater to the growing demand for visually stunning, durable, and multi-functional materials that elevate spaces across residential and commercial settings.

Infratop Four Lamella SV26: Premium Ceiling and Soffit Panel for Versatile Applications

The Infratop Four Lamella SV26 is a sophisticated solution ideal for ceilings and soffits in both interior and exterior spaces. Its four-groove lamella design creates a streamlined, contemporary aesthetic, bringing a sleek touch to spaces like verandas, under eaves, and even indoor settings.

Key Highlights:

Sleek Design Aesthetic: The four-groove lamella structure offers clean lines and uniform spacing, enhancing the visual elegance of any setting.

Exceptional Versatility: Suitable for use both indoors and outdoors, the SV26 panel is designed to seamlessly complement a wide range of architectural styles and applications.

Durable and Low Maintenance: Resistant to weather conditions, the SV26 requires minimal maintenance, ensuring long-term durability without the need for frequent upkeep.

Fronto SV24: Dynamic Asymmetric Slat Panel for Wall and Ceiling Applications

With the Fronto SV24, VOX introduces a distinctive cladding solution designed for both wall and ceiling installations in indoor and outdoor environments. The panel’s asymmetric slat design brings a visually compelling, layered effect, adding depth and texture to any project.

Key Highlights:

Asymmetric Slat Design: A departure from traditional cladding, the non-uniform slats of the SV24 create a dynamic visual effect, adding architectural interest.

Enhanced Depth and Dimension: The interplay of light and shadow across the asymmetric slats enriches the panel's overall aesthetic, delivering a sophisticated, modern twist to any space.

Welo SV22 (Print): Versatile Ceiling Panel for Interior False Ceiling Applications

The Welo SV22 panel, featuring a five-slat design, is crafted specifically for interior ceiling applications, including false ceilings, drop ceilings, T-bar ceilings, suspended ceilings, grid ceilings, and ceiling tiles. Made from high-quality polymer material, it combines style with structural integrity, offering a clean, linear look suited for residential and commercial environments.

Key Highlights:

Five-Slat Configuration: The evenly spaced slats lend a sense of order and rhythm, adding contemporary elegance to ceilings.

Adaptable Aesthetics: Available in a range of finishes, the SV22 integrates seamlessly with various architectural styles, allowing for customization to suit distinct design needs.

Durable and Lightweight: Engineered from durable polymer, the SV22 is lightweight, water-resistant, and ideal for modern false ceiling systems, ensuring longevity in high-traffic areas.

Commenting on the launch, Mr. Varun Poddar, Founder of VOX India, stated, “Our new panel collection at VOX India represents a significant leap forward in architectural design flexibility. It is driven by our commitment to meeting an industry need for building materials that combine beauty with longevity. Through extensive research and innovation, we recognized a gap in the market for products that can withstand the demands of modern spaces while elevating their visual appeal. VOX India's latest line up continues to set new standards in the building materials sector, making it easier than ever to create spaces that are not only visually stunning but also built to last. We are excited to support architects, builders, and homeowners with pioneering solutions that redefine design potential and durability.”

The Infratop Four Lamella SV26, Fronto SV24, and Welo SV22 panels are ready to redefine residential and commercial spaces with their modern aesthetics and robust performance.

About VOX:

VOX is a renowned European brand at the forefront of designing, manufacturing, and distributing furniture, home furnishings, and building materials. Since 1989, the Voelkel family, the driving force behind the brand, has established VOX as a symbol of independence, originality, and creativity in business. With a legacy of over three decades, VOX has now established a presence in India through its association with the former promoters of Ashirvad pipes. Founded in 1975, Ashirvad pipes, renowned as the largest CPVC and column pipe manufacturer globally, concluded its operations in 2018 after being acquired by the Aliaxis group.

Turkish Airlines Received Three Awards From Airline Passenger Experience Association (APEX)

Turkish Airlines, the flag carrier of Türkiye, has been awarded the prestigious 'World Class' award by APEX (Airline Passenger Experience Association) for the fourth consecutive year, maintaining its place among the 10 airlines in the world that have received this prestigious award. The awards presented by APEX were handed out at a special ceremony during the APEX/IFSA Global Expo held in California. The carrier has also received ‘Best-In-Class’ distinction award in Sustainability, marking the airline's commitment to excellence in passenger experience and operational quality.

As a result of comprehensive inspections conducted by industry professionals, the 'World Class' recognition was awarded based on performance across three categories: Safety & Well-Being, Service-Guest Experience, and Sustainability, in which Turkish Airlines earned a ‘Best-In-Class’ distinction award. This achievement reflects Turkish Airlines’ commitment to sustainability through circular practices, digitalization, waste management, and more. In addition to these achievements, the national flag carrier has also received ‘FTE Pioneer Award’ from Future Travel Experience (FTE), a part of the APEX group. The FTE Global Airline Pioneer Awards ceremony took place in Los Angeles to award six winners worldwide that are pushing the boundaries of innovation, enhancing customer experience, and playing a vital role in advancing the air transport industry. 

Commenting on the awards, Turkish Airlines Chairman of the Board and the Executive Committee, Prof. Ahmet Bolat stated: “We are honored to receive the 'World Class' and ‘Best-In-Class Sustainability’ awards from APEX, and ‘FTE Pioneer Award’ from Future Travel Experience (FTE). This triple recognition underscores our dedication to enhancing passenger experience, driving innovation, and integrating sustainable practices across our operations while delivering a world-class experience for our guests. My heartfelt thanks to our Turkish Airlines family for making these achievements possible and to our passengers for their trust in our services.”

“Turkish Airlines has consistently redefined luxury travel, earning APEX World Class recognition year after year,” APEX Group CEO Dr. Joe Leader remarked. “Their unmatched global network, combined with a passenger experience enriched by world-renowned Turkish hospitality, sets a high bar for excellence. With the unveiling of their new Crystal Business Class suite in 2024, featuring enhanced privacy, larger seating, and exquisite design details, Turkish Airlines continues to elevate the standards of premium air travel, truly embodying the essence of APEX World Class by YATES+.”

About Turkish Airlines:

Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 472 (passenger and cargo) aircraft flying to 349 worldwide destinations as 296 international and 53 domestics in 130 countries. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram. 

About Star Alliance:

Established in 1997 as the first truly global airline alliance, the Star Alliance network was founded on a customer value proposition of global reach, worldwide recognition, and seamless service. Since its inception, it has offered the largest and most comprehensive airline network, with a strong emphasis on enhancing the customer experience throughout the entire Alliance journey. The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United. Overall, the Star Alliance network currently offers 17,500 daily flights to over 1,150 airports in 189 countries. Further connecting flights are offered by Star Alliance Connecting Partner Juneyao Airlines. Star Alliance Press Office: Tel: +65 8729 6691 Email: mediarelations@staralliance.com Visit our website or connect with us on social media: 

Samsung Announces Biggest Ever Festive Offers On Galaxy Z Fold6 And Z Flip6 In India

* Consumers purchasing Samsung’s sixth generation foldables will additionally get Galaxy Z Assurance worth up to INR 14999 at just INR 999

Samsung, India’s largest consumer electronics brand, today announced exciting limited period offers on its immensely popular sixth-generation foldable smartphones - Galaxy Z Fold6 and Galaxy Z Flip6. 

Starting today, consumers purchasing Galaxy Z Fold6 will get the smartphone at as low as INR 144999 along with a 24 months no-cost EMI. Similarly, consumers purchasing Galaxy Z Flip6 will get the device at just INR 89999 with 24 months no-cost EMI as a part of a limited period festive offer. Galaxy Z Fold6 is priced starting INR 164999 and Galaxy Z Flip6 is priced starting INR 109999. Consumers seeking enhanced affordability can take advantage of the convenient EMI options starting as low as INR 2500 for Galaxy Z Flip6 and INR 4028 for Galaxy Z Fold6. 

Additionally, customers purchasing Galaxy Z Fold6 or Galaxy Z Flip6 will get Galaxy Z Assurance at just INR 999 for a limited period. The Galaxy Z Assurance programme, which provides complete device protection was originally priced at INR 14999 for Galaxy Z Fold6 and INR 9999 for Galaxy Z Flip6.  Under the Z Assurance programme, customers can now avail two claims in a year. 

Galaxy Z Flip6 and Galaxy Z Fold6 are the slimmest and lightest Galaxy Z series devices ever, and come with perfectly symmetrical design with straight edges. The Galaxy Z series is also equipped with enhanced Armor Aluminum and Corning Gorilla Glass Victus 2, making this the most durable Galaxy Z series yet. Galaxy Z Fold6 and Flip6 are equipped with the Snapdragon® 8 Gen 3 Mobile Platform for Galaxy, one of the most advanced Snapdragon mobile processors yet, combining best-in-class CPU, GPU, and NPU performance. The processor is optimized for AI processing and offers enhanced graphics along with improved overall performance.

The Galaxy Z Fold6 offers a range of AI-powered features and tools – Note Assist, Composer, Sketch to Image, Interpreter, Photo Assist and Instant Slow-mo – to maximize the large screen and significantly enhance your productivity. Galaxy Z Fold6 now comes with 1.6x larger vapor chamber for longer gaming sessions and ray tracing supports life-like graphics on its 7.6-inch screen that offers a brighter display of up to 2600 nits to deliver more immersive gaming.

The Galaxy Z Flip6 offers a range of new customization and creativity features so users can make the most of every moment. With the 3.4-inch Super AMOLED FlexWindow, consumers can use AI-assisted functions without even needing to open the device. Users can reply to texts with suggested replies, which analyzes their latest messages to suggest a suitable tailored response.

FlexCam now comes with the new Auto Zoom to compose the best framing for shots by detecting the subject and zooming in and out before making any necessary adjustments. The new 50MP Wide and 12MP Ultra-wide sensors provide an upgraded camera experience with clear and crisp details in pictures. Galaxy Z Flip6 now also comes with enhanced battery life and gets a vapor chamber for the first time.

Samsung Knox, Samsung Galaxy’s defense-grade, multi-layer security platform built to safeguard critical information and protect against vulnerabilities with end-to-end hardware, real-time threat detection and collaborative protection, secures Galaxy Z Fold6 and Z Flip6.

Galaxy Z Fold6 is available in three stunning colours- Silver Shadow, Navy Blue and Pink whereas Galaxy Z Flip6 is available in Silver Shadow, Mint and Blue. Both the devices are available across all leading online and offline retail stores.

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the world of TVs, smartphones, wearable devices, tablets, digital appliances, network systems and memory, system LSI, foundry and LED solutions. For latest news on Samsung India, please visit Samsung India Newsroom at http://news.samsung.com/in. For Hindi, log on to Samsung Newsroom Bharat at https://news.samsung.com/bharat. You can also follow us on Twitter @SamsungNewsIN  

Honda Cars India Releases Teaser image For The “All-New 3rd Generation Honda Amaze”

Honda Cars India Ltd, leading manufacturer of premium cars in India released the teaser for the “All-New 3rd Generation Honda Amaze”, an innovative and stylish premium compact sedan designed for young buyers and modern families.

Building on its successful legacy as India’s trusted and popular choice among entry sedans, the All-New Amaze combines bold design, cutting-edge technology, and Honda’s signature reliability to meet the lifestyle and aspirations of today’s dynamic generation.

Since its debut in India in 2013 and subsequent launch of 2nd Generation in 2018, Honda Amaze has set a benchmark for premium styling among entry sedans winning hearts of Indian consumers, and is celebrated for its stylish appeal, comfort, performance, safety and unbeatable value making it the perfect car for those starting new journeys. 

Commenting on the teaser release, Mr. Takuya Tsumura, President & CEO, Honda Cars India Ltd. said, “The Honda Amaze has always been a special product for us and our customers in India. As a pioneer in premium styling for entry sedans, the Honda Amaze has always set the standard for design and sophistication in its segment. With the 3rd generation, we are excited to take this to the next level, offering our modern Indian customers an enhanced premium package like never before.”

Mr. Itaru Otani Appointed New Chairman Of Yamaha Motor India Group

India Yamaha Motor (IYM) Pvt Ltd. is pleased to announce the appointment of Mr. Itaru Otani as the new Chairman of Yamaha Motor India Group.

Mr. Otani brings over three decades of experience with Yamaha Motor Company, having held key leadership roles across global markets, including Australia, Brazil, and Japan. With expertise spanning Sales, Marketing, and Corporate Strategy, he has consistently focused on Motorcycle Business Operations, strengthening Yamaha’s position worldwide. Prior to this role, Mr. Otani served as Chief General Manager, leading the Land Mobility Business Operations based out of Japan.    

Commenting on his appointment, Mr. Itaru Otani, Chairman, Yamaha Motor India Group of Companies, said, “It’s a privilege to lead Yamaha in a country as vibrant and full of potential as India. The aspirations of Indian consumers are evolving rapidly, and we see incredible opportunities to bring in products that blend Yamaha’s global expertise with the unique needs and desires of Indian riders. Our focus will be on promoting exciting, stylish and sporty two-wheelers that not only align with the market’s expectations but also set new benchmarks in design, quality, and innovation. I am looking forward to further strengthen Yamaha in India under ‘The Call of the Blue’ brand campaign and drive forward our long-term vision by unlocking new avenues of growth in one of the world’s most dynamic two-wheeler markets.”

About Yamaha Motor India Group of Companies

Yamaha Motor made its initial foray into India in 1985 as a joint venture. In August 2001, it became a 100% subsidiary of Yamaha Motor Co., Ltd, Japan (YMC). In 2008, Mitsui & Co., Ltd. entered into an agreement with YMC to become a joint investor in India Yamaha Motor Private Limited (IYM). IYM's manufacturing facilities comprise State-of-the-art plants at Surajpur (Uttar Pradesh) and Kanchipuram (Tamil Nadu). The infrastructure at these plants supports the production of motorcycles and parts for the domestic as well as overseas markets. YMC has established its subsidiaries - Yamaha Motor Research and Development India Pvt Ltd. (YMRI), Yamaha Motor India Sales Pvt Ltd. (YMIS) and Yamaha Motor India Pvt Ltd. (YMI) in India to independently support IYM in the development, sales & marketing of its products and overall business planning & regional control respectively.

Presently, its product portfolio includes YZF-R3 (321cc), MT-03 (321cc), YZF-R15 V4 (155cc), YZF-R15S V3 (155cc),  MT-15 V2 (155cc); FZS-Fi Version 4.0 (149cc), FZS-Fi Version 3.0 (149cc), FZ-Fi Version 3.0 (149cc), FZ-X (149cc), AEROX Version S (155cc), AEROX (155cc) and scooters like Fascino 125 FI Hybrid (125cc), Ray ZR 125 FI Hybrid (125cc), Ray ZR Street Rally 125 FI Hybrid (125cc).

Irfan Razack, Chairman And Managing Director, Prestige Group Honoured With Karnataka Rajyotsava Award 2024

Irfan Razack, Chairman and Managing Director of the Prestige Group, was awarded the prestigious Karnataka Rajyotsava Award on 1st November 2024 in recognition of his outstanding contributions to the Real Estate industry and his dedication to the economic and infrastructural development of Karnataka. This distinguished honour, bestowed by the Government of Karnataka, celebrates individuals who have significantly impacted their fields, contributing to the state's growth and progress.

Irfan Razack has been a pioneering force in transforming the skyline of Bangalore and other cities across India. Under his visionary leadership, Prestige Group has not only redefined real estate standards but also championed sustainable urban development, social responsibility, and community engagement. Through a vast portfolio spanning residential, commercial, retail, and hospitality sectors, Mr. Razack’s work has left an indelible mark on the real estate landscape and has set a benchmark in the industry.

He has also been recognized for his exceptional leadership, being voted one of Asia’s Best CEOs in 2014 by Institutional Investor magazine and receiving ‘The World’s Greatest Leaders’ award by Asia One in 2015-16. His achievements have placed him among India’s top builders and leaders. In addition to his professional accomplishments, Razack is actively involved in numerous philanthropic and corporate social responsibility (CSR) initiatives, supporting causes that benefit society at large.

Ms. Uzma Irfan, Director, Corporate Communications, Prestige Group, expressed her heartfelt congratulations to CMD, stating, “We are immensely proud of Irfan Razack’s recognition with the Karnataka Rajyotsava Award 2024. His profound passion and steadfast commitment to not only constructing buildings but also creating environments that enhance lives and inspire communities have been pivotal in shaping the trajectory of Prestige Group. This prestigious award serves as a testament to his dedication to the state of Karnataka and the core values he exemplifies in all his endeavors. We extend our heartfelt congratulations to Irfan Razack for this well-deserved accolade, which further underscores his significant legacy in Karnataka’s growth story.”

The Karnataka Rajyotsava Award 2024 acknowledges Mr. Razack's exceptional professional contributions and his unwavering commitment to enhancing the connectivity and strength of Karnataka. This award serves as an inspiration for future generations, illuminating the path toward excellence and community engagement.

About Prestige Group:

Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has a diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management, and Warehouses with operations in more than 12 major locations in India. The Group has completed 300 projects spanning a developable area of ~ 190 mn sqft. The company has been graded CRISIL DA1+ by CRISIL and enjoys a credit rating of ICRA A+.