1 / 12Zomato | Food delivery aggregator opened its ₹8,500 Qualified Institutions Placement (QIP) offering, with a floor price set at ₹265.91 per equity share. The company announced on November 23, 2024, that its shareholders have approved a proposal to raise capital through a Qualified Institutions Placement (QIP). Last month, its board approved raising up to ₹8,500 crore through a qualified institutions placement (QIP). The fundraising is meant to strengthen the balance sheet at this point.
2 / 12Vedanta | The company is moving forward with its second dollar bond issuance in two months, seeking investor interest in Indian offshore debt following the recent US indictment of Adani Group founder Gautam Adani in an alleged bribery case. The offering could raise up to $500 million and is seen as a key test for global demand for Indian high-yield credit in the wake of the Adani controversy. The notes will feature call options, adding flexibility for Vedanta.
3 / 12GE Vernova | Power transmission and distribution solution providers’ promoter Grid Equipments Private Ltd announced an offer for sale (OFS) to divest up to 8.38% of the company’s paid-up equity share capital. The floor price for the offer for sale has been set at ₹1,550 per share. The sale will involve a base offer of 14,000,000 equity shares (5.47% of paid-up equity) with an option to oversubscribe by an additional 7,451,168 shares (2.91%), collectively amounting to 21,451,168 shares.
4 / 12HDFC Life | The company disclosed a data theft incident involving customer information. “We wish to inform that we have received communication from an unknown source, who has shared certain data fields of our customers with us, with mala fide intent,” the company stated in a stock exchange filing. In response, HDFC Life has initiated an information security assessment and data log analysis to determine the breach’s root cause.
5 / 12BHEL | The company said the company in a consortium with Hitachi Energy India Ltd, has secured a contract for the establishment of two high voltage direct current (HVDC) terminal stations as part of the Khavda renewable energy zone phase V project. The project, awarded by Power Grid Corporation of India Ltd (PGCIL), will facilitate the evacuation of renewable energy from Khavda in Gujarat to Nagpur in Maharashtra.
6 / 12Power Grid | State-owned company said it has been declared the successful bidder for the transmission system for evacuation of power from a project spanning Rajasthan and Uttar Pradesh. The award, granted under tariff-based competitive bidding (TBCB), will be executed on a build, own, operate, and transfer (BOOT) basis. Power Grid received the letter of intent (LoI) for the project on November 25, 2024.
7 / 12New India Assurance | The company said it has secured a favourable ruling from the Income Tax Department for assessment years 2013-14 to 2019-20. The orders passed following appeals to the Commissioner of Income Tax (Appeals), entitle the company to a cumulative tax refund of ₹1,945.08 crore, including ₹489.22 crore as interest. The company added that it is actively engaging with tax authorities to expedite the release of the refund.
8 / 12Wipro | IT company announced Omkar Nisal’s appointment as the chief executive officer of, Europe Strategic Market Unit (SMU), effective immediately. Nisal will report to CEO and MD Srini Pallia and will also join the Wipro executive board. Nisal succeeds Pierre Bruno, who is stepping down. Omkar will continue to be based in London. Nisal has been with Wipro since 2012, establishing himself as a trusted advisor to clients, and has built high-performing teams that work with clients across business sectors to deliver exceptional results.
9 / 12HUL | Leading FMCG maker announced an in-principle approval from its board of directors to demerge its ice cream business into a separate listed entity. The demerger decision follows Unilever’s move to separate its global ice cream business and subsequent evaluations by an independent committee of HUL directors, which culminated in the announcement of the separation in October 2024.
10 / 12Ashoka Buildcon | Highway developer said it has received a letter of award (LoA) from the National Highways Authority of India (NHAI) for a ₹1,391 crore project. The contract involves developing a four-lane economic corridor from Bowaichandi to Guskara-Katwa Road (km 89.814 to km 133) along NH-116A in West Bengal under the hybrid annuity mode. The project is scheduled for completion within 910 days, including the monsoon period.
11 / 12Premier Energies | The company said its subsidiaries, Premier Energies Global Environment Private Ltd, Premier Energies International Private and Premier Energies Photovoltaic Private, have received multiple orders aggregating to ₹1,087 crore. The orders, awarded by two large Independent Power Producers (IPPs) and one other customer, include ₹964 crore for solar modules and ₹123 crore for solar cells.
12 / 12Gulf Oil Lubricants | The company said it has renewed its exclusive strategic partnership agreement with Piaggio Vehicles Pvt Ltd, thus extending their collaboration through 2030. The partnership focuses on delivering high-performance, co-branded lubricant solutions for Piaggio’s small commercial vehicles, encompassing retail, factory-fill, and export markets.
