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- MADAME - Prêt -À- Porter 2.0 Spring/Summer ’22 Roadshow
The Prêt -À- Porter 2.0 Roadshow featuring luxe brands MADAME, CAMLA and MSecret rang up the curtain in Gurugram on 28th July 2021. Capturing the brand ethos and its commitment to timeless style, this Spring/Summer’22 range showcased a wide variety of apparel collections across Women’s and Men’s wear perfect for the summer. The Spring/Summer ‘‘22 collection is a testament to brand’s creative expression, consisting of everyday wear as well as statement pieces on the go for the chic woman from MADAME, modish man from CAMLA and its loungewear collection from MSecret. Inspired from a soothing colour palette perfect for the breezy spring-summer season, the range includes comfortable silhouettes and breezy fabrics, perfect for tackling warm summers. The week-long event witnessed the presence of over 300 buyers from across the country including household names like Shopper’s Stop, Central, Lifestyle as well as online stores like Reliance and Ajio- paving the way for future seasonal launches. Akhil Jain, Executive Director, MADAME commented, “We wished to provide our guests with an extravagant experience through a show that gave them a glimpse of our upcoming Spring-Summer collection. Fashion is constantly changing and evolving, and each season brings with itself new creative arenas waiting to be explored, which was exactly what our Prêt-À- Porter 2.0 presented.”
- Chingari Celebrates First Anniversary with #SAALEKCHINGARIANEK Campaign
Chingari, India's leading socio-commerce app, celebrated its first anniversary with Chingari's family and other content creators through the enthusiastic #SaalEkChingariAnek campaign. On this occasion, Chingari also launched Chingari Anthem. So that the creators can participate in this festival and win millions of Chingari coins by creating exciting videos. In a short span of time, Chingari has gained a strong foothold based on its unique imagination and concepts.Providing a personalised platform for content creators is one of the main reasons for the success of the platform. Also, the creators ’passion and creativity were promoted through various competitions held last year. Speaking on the occasion, Sumit Ghosh, CEO and co-founder of Chingari App, said, “This year has been unforgettable since the beginning of Chingari. Our progress has been accelerated by the team's efforts to build our app in a way that will further our vision and benefit as many Indian audiences as possible. We will continue to provide a lot of opportunities to artists in the country. Our goal is to be the voice of producers struggling to get a fair platform. The rapid growth of art professionals is the long-term goal of this brand. So that they get maximum opportunities and benefits." The Chingari App gained momentum in this area based on the trust the brand has created in the audience and partner organizations. Last year, they partnered with various brands and celebrities to provide new opportunities to users of the brand and platform. The brand has also developed a learning platform for content creators where artists can learn from experienced professionals and hone their skills. It is through such pioneering initiatives that Spark is able to develop a holistic growth environment for independent artists and content creators. Speaking about future plans, Deepak Salvi, COO and co-founder of Chingari, said, “As entrepreneurs and organizations invest in science, commerce and technology, Chingari has helped to understand the psychology, demographics and audience understanding of creative content in the past year. We want to use these statistics and information for manufacturers across the country so that they can benefit from this. ” The song 'Ban Chingari' was written by creative director Pranat Ghude to attract the attention of multilingual, millennials as well as capture the diversity of India and it will be a great feast for dance and music lovers in the country. The canvas of the official genius of the spark culture is transmitted through this video. Through this anthem, we want to build a stronger relationship with the audience. They also want to participate in this festival. The anthem is also available on leading music streaming platforms. Due to this great success of the platform, many public and private organizations are looking forward to partnering with Chingari, which only believes in the credibility of the brand.Chingari, which is a regular basis for technology innovation, aims to become the most widely used socio-commerce platform in India in the next few years. If you want to watch the song "Ban Chingari" then definitely go to this link https://www.youtube.com/watch?v=ciXE_v0dfdI
- Leading Cement Company, Nuvoco Vistas’s Rs. 5,000 crores IPO to open on August 09, 2021
Nuvoco Vistas Corporation Limited (“Nuvoco Vistas” or the “Company”), is the fifth-largest cement Company in India and the largest cement company in East India in terms of capacity and one of the leading ready mix concrete manufacturers in India (Source: CRISIL Report). As of March 31, 2021, the Company had 11 Cement Plants with a consolidated installed manufacturing capacity of 22.32 MMTPA. The Company’s leadership team is led by Mr Hiren Patel, Chairman and Non-Executive Director and Mr Jayakumar Krishnaswamy, Managing Director. Nuvoco Vistas is proposing to open its initial public offering of Equity Shares on Monday, August 09, 2021, and close on Wednesday, August 11, 2021. The price band for the Offer has been determined at Rs. 560 – Rs. 570 per Equity Share. The total Offer size is up to Rs. 5,000 crores with a fresh issuance of Equity Shares, aggregating up to Rs. 1,500 crores and an offer for sale of Equity Shares aggregating up to Rs. 3,500 crores, by Niyogi Enterprise Private Limited (the “Promoter Selling Shareholder”). The Company intends to utilize the proceeds of Rs. 1,350 crores from the fresh issue for repayment/prepayment/redemption, in full or part, of certain borrowings availed of by our Company, besides general corporate purposes. ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JP Morgan India Private Limited and SBI Capital Markets Limited are the book running lead managers to the Offer (“BRLMs”). The Company and the Promoter Selling Shareholder have, in consultation with the BRLMs, consider participation by Anchor Investors, whose participation shall be one Working Day prior to the bid/offer opening Date, i.e. Friday, August 06, 2021. The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made in accordance with Regulation 6(1) of the SEBI ICDR Regulations, through the Book Building Process wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation to Retail Individual Investors. All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the Red Herring Prospectus dated July 30, 2021 (“RHP”) filed with the Registrar of Companies, Maharashtra at Mumbai (“RoC”).
- Noida International Airport gathers steam as SBI approves Rs 3,725 crore loan
Noida’s aspirations to take to the skies is all set to take off. The State Bank of India (SBI) has greenlit the credit sanction of Rs 3,725 crore for the development of the Jewar airport a.k.a Noida International Airport (NIA). The Yamuna International Airport Private Limited (YIAPL), a subsidiary of Zurich Airport International (ZIA), is responsible for putting Noida on the aviation map. The funding is a testament to the financial viability of the airport and will open the gates for the laying of the foundation stone and subsequent operations. ZIA had won the rights for the project by outbidding Delhi International Airport Limited (DIAL), Anchorage Infrastructure Investments Holdings Limited and Adani. SBI coming in as a partner at this crucial juncture is an added bonus. SBI had sanctioned the loan on a door-to-door loan tenor of 20 years. In simple words, the entire principal plus the interest will have to be repaid within 20 years. SBI’s interest in the project underlines its belief that airports and the aviation industry in general, will play a critical role in India’s future growth. With travel restrictions being lifted and flyers taking to the skies again, SBI’s bet might just pay off handsomely. Private airports are the all the buzz these days as the government looks to take its strategic disinvestment plans to the next level. Privatization of public sector undertakings (PSUs) has become a priority for the Centre as it looks to offload its stakes in airports. The presence of players like Adani, SBI and now ZIA, bodes well for the airport industry. The Adani Group, in particular, has made the most of this opportunity, snapping up six airports in Guwahati, Lucknow, Mangalore, Thiruvananthapuram, Lucknow and Ahmedabad. The Group’s latest acquisition, Mumbai International Airport, is a jewel in its crown. Adani has a 74 per cent in the airport, which is one of the busiest airports in the country and the world. In fact, the Group’s chairman, Gautam Adani, expressed his delight at the annual general meeting, saying that one in every four passengers flies through an Adani airport. Although the aviation industry has been hit hard by the pandemic, experts predict that the rise of the working class and the widening middle-class demography would boost post-pandemic air travel. And it is not just passenger traffic that is expected to grow. Freight traffic is also on the rise and Indian airports alone have the potential to reach 17 million tonnes by 2040. It is now clear why parties like ZIA, DIAL, Adani and SBI are investing in airports. The government also expects Indian freight and air logistics have the potential to become the most efficient and profitable by 2030. Accordingly, $ 1.83 billion has been earmarked for the development of airport infrastructure and the aviation industry by 2026. If all goes according to plan, soon everybody can fly
- “ Pedagogical Thoughts Made Facts ” authored by Sahaj Sabharwal has been released nationwide.
Sahaj Sabharwal, a young writer and author was born on 17th March 2002. He lives in Jammu city, Jammu and Kashmir, India. He has completed his schooling at Delhi Public School Jammu as a Non-Medical student. Now he is a student of Aeronautical Engineering. His hobbies include writing thoughts, listening to music, discovering new things, exploring the world, writing and singing rap songs to mention but a few. He has been awarded many awards in poetry writing at the State level, National level and International level. He mostly writes motivational thoughts and on topics related to social issues for spreading awareness among the people. His writings are regularly published in many newspapers, magazines, websites, anthologies and other media platforms. According to him, " Be You No need to update your view On society's new view " His aim in life is to invent/discover something new as a Scientist or Researcher. He wants to do something new, which is done by a few. He is an inspiration of his own. He is a successful author of the BOOK -: "Poems By Sahaj Sabharwal " Owner-: www.sahajsabharwal.in . Pedagogical Thoughts Made Facts has been released in both paperbacks as well as in e-book format in India and soon it will be available on all major and minor stores worldwide in both paperback and e-book. The book is available at just Rs 249 in paperback format on Amazon, Flipkart and Bluerose Store while the e-book is available at just Rs 129 on Google Play Books. About the Book-: The BOOK - : " Pedagogical Thoughts Made Facts " is written by Sahaj Sabharwal. This book contains poetry, thoughts, quotes, stories and articles. In this book, most of the write-ups are based on real-life experiences and today’s thoughts written by Sahaj are future facts for others which really motivates. Moreover, this book contains writings that are based on social issues for awareness and for a positive mindset. Every single piece of writing in this book contains a deep meaning if you could relate. All the content in this book is original content and is copyrighted by Sahaj Sabharwal. Moreover, Sahaj has set the Records Titled -: 1.) Most numbers of times author used his own name in his book 2.) Youngest person to write a book containing Pedagogical Thoughts Record description -: A single book titled " Pedagogical Thoughts Made Facts " written by Sahaj Sabharwal containing poems, thoughts, quotes, articles & stories based on social issues and real-life experiences for a positive mindset and a total of 440+ full names of 'Sahaj Sabharwal' in English in the whole book and total of 9 full names of 'सहज सभरवाल' after each Hindi write up. Mr Sahaj's name will be present in the Exclusive World Records book and the Delhi Book of Records. And from now onwards, Sahaj Sabharwal will be a multiple record holder making J&K and the whole of India proud of him being a known young author of 2 books. The first book was published when he was quite young as 17 years old child containing 51 pages and now at the age of 19, his second book is out now containing 209 pages in total. This is a great success of young Jammu poet and author Sahaj Sabharwal. Links to his book are listed below -: Book name -: Pedagogical Thoughts Made Facts AMAZON -: https://www.amazon.in/Pedagogical-Thoughts-Facts-Sahaj-Sabharwal/dp/9354278779/ BLUEROSE STORE -: https://bluerosepublishers.com/product/pedagogical-thoughts-made-facts/ FLIPKART -: https://www.flipkart.com/pedagogical-thoughts-made-facts/p/itme93e377a24f2b?pid=9789354278778 GOOGLE PLAY BOOKS -: https://books.google.co.in/books?id=aBA6EAAAQBAJ&dq=sahaj+sabharwal WEBSITE -: https://www.sahajsabharwal.in/books
- Hassen Dilruba - Character at the level best with a film that has an intense premise
Thanks for the wonderful response to this column for reviewing, films and shows on OTT, our today’s pick is Taapsee’s Haseen Dilruba that is now out on Netflix. Let’s see how it is. Not every film is easy to digest through the screenplay, or very different. But Hassen Dilruba is very illogical, and difficult to get convinced. This film shows the genre of romantic suspense, but the first 1/2 to 1 hour it's hectic to watch it. And then we get puzzled about the genre. Whereas, the story revolves around three people, in a strangely romantic and revenge mood, with discouraging the standards of Indian Society. Usually, the writer creates a character, making changes to the character, is part of the director, but the drastic change of Tapsee Pannu here is very tough to understand. Rani aka Tapsee Pannu's performance was weak as compared to "Thappad ". In one moment she’s the standard Taapsee Pannu-type, and in the next, she goes stunningly off-brand and literally begs a man to accept her. It's a pure Hindi- Fiction movie. Harshawardhan Rane aka Neel, The film starts, and Rani aka Tapsee is introduced to Virkrant Messy aka Rishu. While Vikrant Messy has done his character at the level best. Even though Vikrant being a good actor, the script has laid down him to give his average performance. " Neel " played by Harshwardhan Rane also disappoints at a time, where he is not as strong a character which was needed to be in this film. Making this a women-centric film, this is where all fuss takes place with this thought and this is the unprivileged part of the film. While, a great character as a police officer is present in this film, who is Aditya Shrivastav A very experienced actor, has not only shown his acting skills but also tried to put back the film incorrect understanding. Investigation throughout the film trying to find the exact fact of why did this crime happen is an interesting journey to watch. The whole story is based on Dinesh Pandit - "Kausli Ka Kahar". Still making an IMDb rating of 6.9/10, it is featuring on Netflix. If you are interested in a Rom-Thrill, do watch it. You can have a look at the trailer from the below link. https://www.youtube.com/watch?v=lt_bDfnXKGM
- Fino Payments Bank becomes the first profitable fintech to file for an IPO
Four years after starting operations as a payments bank, Blackstone, ICICI Group and BPCL backed Fino Payments Bank Limited (FPBL) has filed the draft documents with SEBI for an IPO. As per market sources, the IPO size is likely to be ₹1,300 crores. The issue includes a fresh issue of ₹ 300 cr as well as an OFS component. FPBL is a scheduled commercial bank serving the emerging Indian market with its digital-based financial services. The company is a fully owned subsidiary of Fino Paytech Limited (FPL), a pioneer in technology-enabled financial inclusion solutions. FPL is backed by marquee investors like Blackstone, ICICI Group, Bharat Petroleum and IFC, amongst others. The fintech bank turned profitable in the fourth quarter of FY20 and has consistently enhanced its profitability since. This makes FPBL the first profitable fintech to file for an IPO. Over the last few years, FPBL has witnessed a steep surge in transaction volumes on the back of digitization and proliferation of its banking points. As stated in the DRHP, in FY21 the payment bank’s platform has facilitated more than 434 million transactions having a gross transaction value of Rs 1.32 lakh crores. It has a strong leadership position in the fintech industry having the largest network of micro ATMs as of March 2021 with a market share of 55%, a rohasbust merchant network of 6.4 lakhs and 25.7 lakh bank accounts. A digital-based transaction-focused approach with no credit risk have enabled the growth of FPBL in times wherein the financial sector was looming over challenges. Its revenue for FY21 stood at ₹791 crores that grew at a CAGR of 29% in the last three years. The bank registered a profit of ₹20.5 crores in FY21 with an annual average ROE of 15%, the DRHP states. Investment bankers appointed to the issue are Axis Capital Ltd, CLSA India Pvt Ltd, ICICI Securities Ltd and Nomura Financial Advisory Services Pvt Ltd
- Pushkar Sharma's valiant 144 helps Ruaraka - A secure a well-earned victory
Kenya's swashbuckling southpaw, Pushkar Sharma slams a 144 runs hefty innings against SCLPS A in the NPCA Super50. Pushkar Sharma is known for his stroke-making and as known to many, he is the former U-16 captain of Mumbai. He has had his struggle as he lost his father at the peak of his career and now it's his showers that is seeing the progress in Pushkar Sharma as a cricketer. After losing the toss, Raurka A was put to bat first by SCLPS A. They lost two early wickets and then came in Pushkar who glued a vital partnership with Kenneth Wiaswa. Pushkar batted at one down and amassed 144 runs from 139 deliveries. His innings saw 20 boundaries scattered in different directions of the circle. Pushkar And Kenneth jolted a 195 runs stand which helped Raurka A to get into a command-able position. While chasing a total of 341 in 50 overs, SCLPS A fell short to just 212. Purshotam Vekariya was the star with the ball as he bagged four wickets to his name. He conceded 66 runs in his full quota. This magnificent knock of 144 of 139 balls from Pushkar Sharma saw him achieve the man of the match award in this encounter. After the innings, Pushkar thanked his family and the support that he got from Indiafirst life insurance. In the post-match ceremony, he was heard saying, " When I went out to bat, our team was already under pressure because we lost 1 wicket in the very first ball of the match. So It was changing to face that pressure and slowly and steadily I tried to smoothen things up and keep the scoreboard ticking. I tried my best and It's my highest run in ODI till now. In the end, I am thankful to my family for supporting me. And also to Indiafirst life insurance and BlackBird Sports Company for the enormous help they have provided to me." Let's hope to witness more of such mesmerizing knocks of the willow of Pushkar Sharma.
- Collar Bomb - the synopsis is not that easy to intake emanating boredom
Most of the stories are interesting though their screenplay and synopsis are not that easy to intake emanating boredom. This story is one of these categories. The cast is full of well-known names like Jimmy Sheirgill, Asha Negi, Sparsh Srivastav, Rajshri Deshpande, Naman Jain Collar Bomb is set in the hilly town of Sanawar in Himachal Pradesh, where Manoj Hesi (Jimmy Sheirgill) is the Station Head Officer at the local police station And then the challenge starts, where Kumar Hesi has to complete some tasks and become the saviour of the crowd present in the room when attacked by a suicide bomber. His colleague ASI Sumitra Joshi, a confident officer also takes charge to go to the depth of the case. Eventually, the scenario gets complicated, showing some grim steps of Kumar Hesi. Trying to save his son, Hesi is on fire to commit whatever the terrorist demands, which shows poor protagonist actions. Nikhil Nair’s screenplay and Dnyanesh Zoting’s direction show some loopholes, which make the craft look dull, thus resulting flat perspective for the viewers. The climax has a twist, but yet all these do not add up to make Collar Bomb worth a watch. Upon all the facts above, you want to get some thriller entertainment and suspense, this can be your binge-watch movie. The fact of it is , it shows the scriptwriter's lack of creativity. As it has, fewer elements. While we are eager to find the logic behind the whole story, it's very dull to understand the end then. Also, for now, Bollywood needs to come out with prejudices about some communities by stop looking at them as terrorists. With an IMDB rating of 5.2/10, collar bomb is streaming on Disney+ Hotstar. You can watch the trailer, https://www.youtube.com/watch?v=zXOZUz7NT8M
- Mimi is here to strengthen Bollywood’s relationship with surrogacy dramas
Most films just entertain you, some films teach you, while some are just for a one-time watch. . With an IMDb rating of 8.3/10, Mimi is one of that one-time watch categories. Bollywood’s relationship with surrogacy dramas is highlighted with a film by Laxman Utekar, 'Mimi' is a remake of Samroudhhi Porey's National Award-winning Marathi film 'Mala Aai Vhhaychy!' (2011) It also features Pankaj Tripathi, Sai Tamhankar, Manoj Pahwa, Supriya Pathak, Evelyn Edwards and Aidan Whytock in supporting roles. Kriti Sanon plays Mimi, a 'young and fit woman in small-town Rajasthan. She dreams to become a Bollywood actress. This dream dissolves when an American couple enters into this story, where they need a child from a surrogate mother. And the connector between the couple and Mimi is " Driver Bhannu", played by Pankaj Tripathi. With the hope of money for a photoshoot, Mimi agrees to be a surrogate mother. Director Laxman Utekar’s Mimi, his second with star Kriti Sanon after Lukka Chuppi, is no exception. The deal gets final, and then Mimi (aka Kriti Sanon) gets pregnant, where to hide this news, Kriti halts in her friends' house, Shama, played by Sai Thamankar. The comic writing is impressive, and Pankaj Tripathi has done it very well. The way Kriti has turned herself into Mimi, a surrogate mother, where she has to carry the baby-bump and walk, run is appreciable. While Kriti is fine, nourishing with healthy food, for the baby, and suddenly, the American couple John and Summer run back to America as they get to know that there is a biological disorder in the baby. Kriti aka Mimi finds it difficult to accept this incident. The scene where she applies talcum powder to hide her tears makes more impact on the story, then decides not to abort the baby, and then the struggle with the secret of this Surrogate Mother finds difficult paths. Whereas Mimi's parents need to know the father of the baby, pointing towards Pankaj Tripathi aka Bhanu, attempts are made, but not with that impact comedy manner, Mimi makes a new conflict in the story. The baby jumps into the world, and there is a mix of feelings around Mimi, with taking care of a white baby, roaming the paths of Rajasthan, and seeing the bond between the mother and son, melts our heart and that was the attachment moment with this film. While the unexpected twist takes place and John and Summer, return to India, claiming to return the child to them, and threatening Mimi and her family. In the end, the emotions take over the nature of human being and John and Summer adopts a girl child from the orphanage. Kriti has done her part very well, compared to her role in before projects. While Pankaj Tripathi, with his comic timing and his acting, is somewhat less energetic, but satisfying. Summer (Evelyn Edwards) and John (Aidan Whytock), did their parenting role at their are even. Overall, an emotional drama film, and could be a One-Time Watch. This movie is streaming on Netflix. Here's the link to the trailer https://www.youtube.com/watch?v=_sc3HyeNxPs
- Garware Hi-Tech Films Ltd. ), a leading player in speciality Polyester Films in India
Garware Hi-Tech Films Ltd. (formerly Garware Polyester Ltd.), the flagship company of the Garware Group and a leading player in speciality Polyester Films in India declared its results for the quarter ended June 30, 2021, on July 29th,2021. Highlights for Consolidated Q1 FY22 (April-June’21) Revenue at ₹ 305.60 Cr (vs ₹ 169.44 Cr in Q1 FY’21 up by 80 % on YoY basis) Exports contributed ₹ 249.06 Cr (vs ₹ 141.35 in Q1FY21) up by ₹ 76 % on a YoY basis Net Profit for the period after tax at ₹ 35.83 Cr (vs ₹ 13.61 Cr in Q1 FY21) up by 163 % on a YoY basis Earning per share (EPS) at ₹ 15.42, up by 163 % over the corresponding quarter in FY 2020-21 Unique Products, Global Patents, Focus on Value Added Films, Higher Share of Consumer Products, Focus on Export Markets, etc. have further improved the company's financial results. GHFL announced a Capex of ₹135cr for the new lamination window film line to materialize the company’s aim to expand the window films category across safety, architectural and front window screen glasses. Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for the quarter stood at ₹ 65.86 Cr (vs ₹ 30.88 Cr in Q1 FY21) reflecting a 21.56% EBITDA margin. EBITDA margin up by 334 Bps on YoY basis due to increase in revenue including speciality products. “GHFL’s performance in the first quarter was robust across all financial metrics,” said Ms Monika Garware, Vice-Chairperson, and Jt. Managing Director, GHFL. “As the markets are opening up, we hope to maintain the growth momentum. We continue to put efforts into growing our revenue share through exports, which witnessed a growth of 76%% in Q1 on a YoY basis. Consistent improvement in our operating metrics reflects our relentless rigour of execution & our increased focus towards niche high margin speciality products, which has resulted in PBDT Margin reaching 20.1% in Q1FY22. The outlook for the rest of the year is promising with an anticipated incremental revenue contribution from our newly launched PPF line. Given the current visibility and a promising demand landscape, we foresee better times for us going ahead helping us realize our growth aspirations.” About Garware Hi-Tech Films Limited Garware Hi-Tech Films Limited (formerly Garware Polyester Ltd.) (BOM: 500655) is the flagship company of the Garware Group co-promoted by the Chairman and Managing Director Mr S.B. Garware in the year 1957 along with the Founder-Chairman Late Padmabhushan Dr Bhalchandra Garware. The company makes Hi-Tech speciality performance polyester Films in India and has its State-of-the-Art manufacturing facilities at Aurangabad in Maharashtra, India. GHFL is the pioneer and one of the largest exporters of Polyester Films in India and the winner of top exporters’ awards for continuous 33 years from PLEXCOUNCIL. Garware Hi-Tech Films Ltd.’s (GHFL) manufacturing facility in Aurangabad is vertically integrated, from the manufacture of polyester chips to the finished product of polyester films with four independent manufacturing lines and a business that spans the globe. Polyester Films are used for a variety of end-applications such as PET Shrink films for Label application, Low Oligomer PET films for insulation of hermetically sealed compressors motors, Electric motor insulation and cable insulation, sequin application films, TV and LCD screen application, Packaging applications etc. GHFL is also the market leader and India’s only manufacturer of Sun Control window films for Building, safety and auto applications. The company has facilities for manufacturing various coated products and co-extruded products for a speciality application, apart from its capacity to design the recipe for raw material of PET films to suit the end application of the product. The company has also developed surface-protection films and Paint Protection Films designed to deliver the highest level of protection and impact resistance which has applications in many sectors.
- Devyani International Limited to launch its Initial Public Offer on August 4, 2021
Devyani International Limited (the “Company”), the largest franchisee of Yum Brands in India, and among the largest operators of chain quick-service restaurants (“QSR”) in India (Source: Global Data Report), on a non-exclusive basis,operates Pizza Hut, KFC, and Costa Coffee stores,as well as stores of other brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli and Ckrussh Juice Bar, is proposing to open the Bid/Offer Period in relation to its initial public offering of Equity Shares (the “Offer”) on Wednesday, August 4, 2021. The Bid/Offer Period will close on Friday, August 6, 2021. the price Band for the Offer has been fixed at Rs. 86– Rs. 90 per Equity Share. Mr Ravi Jaypuria , Non Executive Director ,Devyani International Limited The Company and the Selling Shareholders, may in consultation with the Lead Managers, consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date. The IPO comprises fresh issuance of Equity Shares aggregating to Rs. 4,400 million by the Company (“Fresh Issue”) and an offer for sale of up to 155,333,330 Equity Shares by the selling shareholders, namely, Dunearn Investments (Mauritius) Pte. Ltd. (the “Investor Selling Shareholder”), and the promoter selling shareholder, RJ Corp Limited (the “Promoter Selling Shareholder” and together with the Investor Selling Shareholder, the “Selling Shareholders” and such offering of Equity Shares by the Selling Shareholders, the “Offer for Sale”). The Offer includes a reservation of up to 550,000 Equity Shares for subscription by Eligible Employees of the Company (the “Employee Reservation Portion”). The Offer less the Employee Reservation Portion is referred to as the “Net Offer”. 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”, the “QIB Portion”), provided that our Company and the Selling Shareholders may, in consultation with the Lead Managers, 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. Further, 5% of the QIB Portion (excluding Anchor Investor Portion) (“Net QIB Portion”) shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. 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 Net QIB Portion for proportionate allocation to QIBs. Further, not more than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders 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. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them 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 providing details of their respective ASBA Accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. The Company proposes to utilise the Net Proceeds towards (i) repayment/prepayment of all or certain of the Company’s borrowings; and (ii) general corporate purposes. The Equity Shares offered in this Offer are proposed to be listed at both BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”) post the listing. For the purpose of the Offer, NSE is the Designated Stock Exchange. Kotak Mahindra Capital Company Limited, CLSA India Private Limited, and Edelweiss Financial Services Limited are the Global Coordinators and Book Running Lead Managers to the Offer and Motilal Oswal Investment Advisors Limited is the Book Running Lead Manager to the Offer. All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the Red Herring Prospectus dated July 26, 2021 (“RHP”) filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi(“RoC”). Disclaimers DEVYANI INTERNATIONAL LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public issue of its Equity Shares and has filed the RHPwith the RoC and thereafter with SEBI and the Stock Exchanges. The RHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the Lead Managers, i.e. Kotak Mahindra Capital Company Limited at www.investmentbank.kotak.com, CLSA India Private Limited at www.india.clsa.com, Edelweiss Financial Services Limited at www.edelweissfin.com and Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see "Risk Factors" on page 27 of the RHP and should refer to the RHP for further details in relation to the Offer. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A and referred to in this Red Herring Prospectus as “U.S. QIBs” (for the avoidance of doubt, the term “U.S. QIBs” does not refer to a category of institutional investor defined under applicable Indian regulations and referred to in the Red Herring Prospectus as “QIBs”) in transactions exempt from, or not subject to, the registration requirements of the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. DISCLAIMER CLAUSE OF SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Offer or the specified securities stated in the Offer Document. The investors are advised to refer to page 372 of the RHPfor the full text of the disclaimer clause of SEBI. DISCLAIMER CLAUSE OF BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHPhas been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 377 of the RHP for the full text of the disclaimer clause of BSE. DISCLAIMER CLAUSE OF NSE (Designated Stock Exchange): It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to page 377 of the RHPfor the full text of the disclaimer clause of NSE.












