Pidilite’s online B2B platform Genie crosses 1000+ crore in sales

New Delhi, May 12th, 2023 : Pidilite Industries, a leading manufacturer of construction and specialty chemicals, announced today that its online B2B dealer application, Genie, has achieved a significant milestone of over 1000+ crore in sales for FY22-23. With its impressive growth rate, Pidilite Genie has contributed to 14% of Pidilite’s overall business in FY23.

Says Sudhanshu Vats, Deputy MD, Pidilite Industries, ” At Pidilite, our top priority is to empower and support our dealers in achieving their business goals. That’s why we launched Pidilite Genie, an initiative aimed at helping retailers take a digital leap. We are proud to share that Pidilite Genie has made considerable progress in a short period of time. Pidilite Genie has been installed by nearly 5 lakh dealers and has facilitated over 18 lakh orders since its launch. We are continuously enhancing the platform to cater to the evolving needs of our dealers, and we are confident that Pidilite Genie has the potential to become the go-to platform for all the order placements in the near future.

Designed with a user-friendly interface, Pidilite Genie serves as a one-stop online platform for dealers to order any product across Pidilite’s product range with just a few clicks. The app’s intelligent technology streamlines the ordering process, making it easier to reorder basis previous purchases and recommend deals based on the dealer’s buying pattern. Dealers can also view current schemes, track loyalty performance, and redeem scheme rewards against future purchases.

Looking ahead, Pidilite Genie plans to expand its user base manifold by launching it in international markets and extending Pidilite’s entire product portfolio and services to enable dealers to realize their full business potential. Pidilite Genie will also add exciting new features such as a multilingual interface, customized in-app interactions, voice-to-text functionality, visibility of order journey, helping dealers track and plan their performance proactively.

As Pidilite Genie continues to evolve and improve, it aims to become a 24x7x365 digital assistant for dealers, striving to make Genie the primary mode for order placement. With the new roadmap in place, Pidilite Genie is well-positioned to continue its growth in the future.

Honda Racing India riders head to Malaysia for Round 2 of 2023 Asia Road Racing Championship

Sepang International Circuit (Malaysia), 12 May 2023: Almost seven weeks since the first round in Thailand, the 2023 Asia Road Racing Championship (ARRC) has now reached to Malaysia for its second round of the season. IDEMITSU Honda Racing India team from Honda Motorcycle & Scooter India (HMSI) is all set to raise the stakes higher at Sepang International Circuit in Malaysia this weekend.

After making a strong start in the first opening round of Asia Production 250cc (AP250cc) class of Asia’s toughest road racing championship, the solo Indian two-wheeler racing team enters the upcoming round with a total 9 points.

Commenting on the upcoming round, Mr. P Rajagopi, Operating Officer – Premium Motorcycle Business, Honda Motorcycle & Scooter India said, “The first round of 2023 ARRC witnessed our feisty riders Kavin and Mohsin delivering powerful performances on the international soil. Both our young guns scored points for the team. For round 2, the team is motivated and our riders are in full shape. Sepang circuit brings with it new challenges for Mohsin as he would be racing here for the first time. However, Kavin is already familiar with the track and his experience will help him in scoring more points. With their strategy in place, the team has its sight to have both riders as high up the standings as possible. Our riders have trained hard during these off weeks, so we continue with the same motivation to get the best results.”

Kavin’s strong performance at the Buriram International Circuit in round 1 is a testament to his talent. The Chennai racing prodigy scored 1 point in his first race after which his impressive riding skills during the second race resulted in 11th place finish. The 17-year-old rider enters the round 2 with total 6 points and is currently placed at 13th on the scoreboard.

Backing Kavin up as his teammate is the promising rookie rider Mohsin P. The young lad from Mallapuram is at 17th position with 3 points at his debut season at ARRC. Based on the learning so far, the 20-year-old rider will seek to climb up the scoreboard at Sepang International racetrack.

Sharing his thoughts, Kavin Quintal said, “I am very excited to be back at the Sepang International Circuit. I have worked hard on my weak points and personally, I feel strong and motivated to race in the second round of ARRC this weekend. As always, my aim is to give the best I can, so I am able to improve my performance in each outing and score more points for my nation and my team.”

Looking forward to the second round, Mohsin Paramban said, “I am happy to be in Malaysia to race for the second round on the MotoGP track. It will be a new adventure for me. With the guidance from my mentor and skilled technicians, I have worked hard on my weak points. I am optimistic to claim as many points as possible for this weekend.”

Indian business leaders reflect on the future of Technology on National Technology Day 2023

Dr. Mukesh Gandhi, founder and CEO, Creative Synergies Group

Creative Synergies Group

Dr. Mukesh Gandhi, Founder and CEO, Creative Synergies Group: “India is poised for a digital revolution, but to excel in digital innovation, we need to promote a research-oriented approach to technology. Initiatives focused on establishing centers of excellence to train the youth in emerging tech and incentives for start-ups and new businesses can only work if the knowledge-base aggressively enables the economy to become self-reliant. A research-oriented approach can clearly unleash the untapped potential of EVs and robotics in emerging markets like India.

At Creative Synergies Group, our proven track record in digital engineering innovations with 40+ Fortune 500 companies worldwide enables us to empower large and mid-size businesses in India. On this National Technology Day and beyond, we are committed to supporting brands to define and realize their vision for the digital future. We are very bullish about India’s economic growth projections and look forward to playing a meaningful role in driving innovation.”

Mr. Nitish Rai, Co-Founder and CEO, FreightFox

FreightFox

Mr. Nitish Rai, Co-Founder, and CEO, FreightFox: “Manufacturing logistics is a complex and multi-echelon ecosystem that poses a range of obstacles for companies in freight movement. From fragmented information systems to unpredictable shipping costs, these challenges can make it difficult to operate efficiently and effectively. However, over the years, India has developed an innovation-driven community who are using cutting-edge technology to solve complex challenges in the manufacturing logistics industry. At FreightFox, we are proud to be part of this community that employs state-of-the-art technology to address intricate obstacles in the manufacturing logistics sector.

On this National Technology Day, we are committed to improving the freight ecosystem by providing credible freight market intelligence and granular visibility into routes and expenditures. With our integration and data-driven solution development on top of ULIP (Unified Logistics Interface Platform) developed by NLDSL, FreightFox along with the manufacturing organisations are taking decisive control of their logistics value chains. This enables more informed decisions and a streamlined supply chain. We want to leverage technology in a truly meaningful way to create business value for the manufacturing logistics fraternity and we are dedicated to collaborating with our partners and clients to bring this vision into reality.”

Mr. Krishna Rangasayee, Founder and CEO, SiMa.ai

SiMa.ai

Mr. Krishna Rangasayee, Founder and CEO, SiMa.ai: “Over the years with an abundance of talent and innovation, India has witnessed tremendous growth in the advanced technology sector. However, to date, the industry is burdened with numerous challenges pertaining to high power consumption, complex cooling mechanisms, and latency, which is of utmost importance in applications like automotive, drones, and robotics as they require immediate decision-making capabilities. At SiMa.ai, we understand these challenges and have worked tirelessly to develop a solution that overcomes them. Our AI-based chip startup has developed the industry’s first software-centric purpose-built MLSoC™ platform, which is a game-changer in the field of artificial intelligence.

With our purpose-designed architecture in hardware and software, SiMa.ai has now opened the door to the use of AI in edge devices. We bring down a significant hurdle that used to require hiring a massive army of AI specialists before any company could get started. Our software eliminates this requirement, making “Effortless Machine Learning” possible for all. This MLSoC Platform can be deployed in “any” smart/computer vision application regardless of the image sensor type, resolution, AI model, network or framework, with a “10x” better performance than most other providers and a seamless “push button” software integration for an effortless ML experience in the embedded edge market. By optimizing power and performance, we can enable true disruptor technology for real-life applications, including smart vision, robotics & Industry 4.0, ADAS, healthcare, drones, and smart agriculture to name a few, where quick decision-making is critical.

On this National Technology Day, we are proud to be part of the vibrant and dynamic ecosystem. As we look into the future, we are thrilled about the possibilities of AI and Machine Learning to revolutionize the industry and enhance the quality of our daily lives. By making AI more accessible, we believe that we can help catalyze the growth of the technology sector in India and beyond.”

Mr. Karan Rai, Chief Product and Technology Officer, Ennoventure Inc.Ennoventure

Mr. Karan Rai, Chief Product and Technology Officer, Ennoventure Inc. “In an ever-evolving landscape, the technology industry continues to redefine how we live, work, and interact. From artificial intelligence to biotechnology, breakthroughs across diverse sectors are reshaping industries across and propelling humanity forward.

Today, on National Technology Day, Ennoventure proudly celebrates the transformative power of innovation and the limitless possibilities it holds for a brighter future. This day serves as a reminder of the indomitable spirit that drives us to push boundaries and harness the potential of technology to shape the world we live in.

At Ennoventure, we recognize the profound impact of technological advancements on various sectors. Drawing upon our industry insights across sectors such as FMCG, automotive spare parts, and agrochemicals, Ennoventure is empowered to develop cutting-edge solutions that address complex challenges in the counterfeiting industry and further drive growth. Our comprehensive suite of anti-counterfeit solutions revolutionize the way we combat counterfeiting, offering solutions that instill trust, protect consumers, and promote a thriving ecosystem. We aim at paving the way for a future where authenticity and integrity are the cornerstones of every transaction, fostering a marketplace that benefits all stakeholders.

We are committed to fostering innovation, driving digital transformation, and nurturing talent for the next generation. Together, we can harness the power of technology to create a prosperous and sustainable future for all.’’

Make your mom feel extra-special this Mother’s Day with her favourite electronic gadgets from Vijay Sales

May 11, 2023: Mother’s Day is all about pampering your favourite person and letting her splurge her heart out. And there cannot be a better way than gifting her favourite tech to her from the wide range of electronics and gadgets available at Vijay Sales. The leading consumer retail company has rolled out special offers on the occasion across its physical stores and the website www.vijaysales.com with discounts of up to 60% on Styling range, Smartphones, Truly Wireless Buds & Neckbands, Laptops & Tablets, Smart & Portable Speakers, Air Conditioners, Home Appliances, Smart Watches, Kitchen Gadgets and more.

If your mom loves to stay groomed, gift her from gadgets like Hair Dryers, Hair Straighteners, etc. at a starting price of just Rs. 499. For those who are moving towards fitness, the sale also features Juicers at up to 55% off, Air Fryers at up to 40% and a range of Kettles & Sandwich Makers at up to 50% Off. One can also gift her TWS Buds or Neckbands starting at INR 699 as well as trendy Smart Watches from brands like Fire-Boltt, boAt & Noise with prices as low as INR 1,399.

For the moms who love to keep their homes up-to date with the latest electronics and gadgets, the sale features plenty of options that one can go in for.

If she is an entertainment lover, Vijay Sales is offering incredible discounts on Televisions starting at INR. 7,990. One can gift her Smart & Portable Speakers from prominent brands like boAt, JBL, Marshall, Bose & more start at INR. 999. Let them reminisce their old day’s with those memorable songs by gifting them a Saregama Carvaan starting at just INR 2,190.

For Working mothers or Smart Phone & Gadget Enthusiasts, one must use this opportunity to gift them from a range of latest 5G smart phones at a starting price of INR. 14,499 or even laptops & tablets which are available at up to 50% discount.

Additionally, owing to the summer season, Vijay Sales has a wide range of Split and Window Air Conditioners at a starting price of INR. 25,990.

To further celebrate Motherhood, the sale features exclusive deals on all Apple devices and accessories, including iPhones, iPads, MacBooks, Airpods, Watches and Accessories. Consumers can avail benefits of No Cost EMI schemes with HDFC Bank & Bajaj Finserv. Additionally HDFC Bank Card holders get up to INR. 5000 cashback as well on select Apple products.

Vijay Sales Spokesperson commented,“Mothers are selflessly working every day to make lives easy and providing the best to their children. While they too deserve to be pampered every day, this special occasion can be an excuse to appreciate their efforts and make them feel special. What better way than to let her indulge in Vijay Sales’ retail therapy.’’

Apart from the discounts, consumers shopping with Vijay Sales can join the MyVS loyalty program, which will reward them with 0.75% loyalty points on every purchase.

Customers can benefit with Instant Cash backs from banking partners for purchases made at Vijay Sales stores: HSBC Bank Card holders can avail 7.5% instant discount of up to INR 7,500 on Credit Card EMI transactions above INR 20,000. YES Bank Credit Card holders can avail an instant discount of 5% up to INR 2,000 on EMI transactions of INR 15,000 & above. AU Small Finance Bank Card Holders can avail 5% Instant Discount up to INR 5,000 on Credit Card EMI transactions on a minimum purchase of INR 10,000 & above. Rupay Credit Card holders can avail 20% Instant Discount up to INR 1,500 on Non EMI transactions at stores only.

Additionally, there are certain Bank offers applicable only on Sunday’s:

IndusInd Bank Debit Card holders are eligible for 10% Instant Discount up to INR 2,000 on Non EMI transactions of INR 15,000 & above. AU Small Finance Bank Card Holders can avail 5% Instant Discount up to INR 1,000 on Credit Card Non-EMI transactions of INR 10,000 & above, whereas Debit Card Holders can avail 5% Instant Discount up to INR 2,000 on Non-EMI transactions of INR 10,000 & above

KL Deemed to be University Announces Counselling Session for Graduate and Post Graduate Programs

New Delhi, May 2023: KL Deemed to be University is conducting its national-level admission counselling for engineering courses at KL Deemed to be University in Vijayawada and Hyderabad campuses. The counselling includes the candidates who shrehave passed KLEEE for undergraduate courses and KLMAT 2023 for management courses. KL Deemed-to-be University announced a substantial contribution of INR 100 crore for merit scholarships in 2023. In addition to the scholarships, KL Deemed to be University also announced fee concessions for candidates who outperformed in sports.

The KLEEE Counselling Procedure 2023 will be held in two rounds. The counselling of KL Deemed to be University admissions will be conducted entirely based on KLEEE Rank 2023. Therefore, all the shortlisted candidates will receive a call letter from the University and be invited to the counselling process. A subsequent number of steps are included in the KLEEE Counselling Schedule, which provides for registration, and document verification, followed by the seat allotment process.

With the mission to impart quality higher education and to undertake research and development with emphasis on application and innovation that cater to emerging societal needs through the overall development of the students of all sections, enable them to be globally competitive and socially responsible citizens with intrinsic values. KL Deemed to be University’s goal is to identify and introduce new specializations and offer programs in emerging areas. The University introduce and implement innovation in the teaching and learning process to strengthen academic delivery.

At the counselling sessions, aspirants and their parents can meet the University officials including Director of Admissions, Dr J. Srinivasa Rao, Deans and other faculty members to clear their doubts and get customised counselling.

Vice Chancellor, KL Deemed to be University, Dr G. Pardha Saradhi Varma said, “ We are delighted to welcome creative and intellectual masterminds to extend the University’s talent network. The counselling process has been a success. We have received a tremendous response from the students. We have also provided scholarships and fee waiver to students who have outperformed at the state level in 12th exams and to a student who has outperformed in sports at the international level.”

Zell Education hosts its first Finance Frontiers Conclave

Mumbai, 11th May 2023: Zell Education, India’s leading finance and accounts Ed-tech , recently hosted its first edition of Finance Frontiers Conclave 2023 on 6th May at Sheila Raheja Auditorium, Mumbai. The event brought together an exclusive opportunity to build a niche community led by industry leaders. It was orchestrated over multiple sessions, including keynote, panel discussion, open Q&A and networking sessions.

The event kick started with a keynote and a welcome speech by Pratham Barot, Co-founder and CEO of Zell Education, followed by a Panel discussion on “From Accounting Student to CFO: Career Progression in F&A”. It highlighted the esteemed panelist from of the industry, namely, Keyur Shah Partner & Leader of the Financial Services Tax practice at EY; Vivek Soni Partner & National Leader of Private Equity Services; Nidhi Sony, Talent Director at EY and Parth Gandhi Founder and CIO at Bombay Capital.

More than 150 attendees were present in the event and had the opportunity to participate in Open Q&A followed by a Networking session by the end of the event.

“It was a great experience to put together an event of such stature and record a significant participation,” said Pratham Barot, Co-founder and CEO of Zell Education. “While we always strive to become a trusted platform for aspiring students to get upskilled in various Finance & Accounting roles, creating a space for them to interact with industry experts directly will benefit them in the future. We are also thankful to our speakers/panellists who took the time to share their knowledge, experience, latest trends and best practices of the industry with the growing fraternity of Finance professionals”, Mr. Barot

The Body Shop Gifting range for Mother’s Day

Mothers take on many roles in our lives – friend, confidant, frenemy, mentor, stylist… these are only a few examples. They work hard to take care of us and often forget to take care of themselves. So, this Mother’s Day, why not gift these superwomen some much-needed TLC? The Body Shop, a Britain-born international, ethical beauty brand, has an extensive Mother’s Day gifting range. The products in its collection are infused with handpicked ingredients like British Rose that emanate a refreshing floral scent and are ideal for year-round use. What’s more, is that The Body Shop’s gifting range comes at varied price points. So, there’s something for every budget.

Here are some of the options to pick from:

1. Bloom & Glow British Rose Mini Gift, INR 1395

At the end of a long day, everyone deserves to indulge themselves, and your mother is no exception. Let her skin soak up the goodness of handpicked English roses with The Body Shop’s Bloom & Glow British Rose Mini Gift. Containing a 60ml shower gel, 50ml body butter, and a 30ml hand cream, the mini gift is ideal for mothers who travel a lot. They can simply pack it in their handbags/suitcases and enjoy a pampering session anytime, anywhere! The body butter in the gift set is Vegan Society-certified and made with 96% ingredients of natural origin, including Community Fair Trade shea butter from Ghana that offers up 96 hours of hydration for the skin. The Bloom & Glow British Rose Mini Gift is sure to offer indulgence for when your mum needs a little pick-me-up.

2. The Lather & Slather British Rose Gift Case, INR 1395

Mothers often have an entire day of tasks ahead of them as soon as they wake up, and a pampering session is much-needed, which is just what The Body Shop’s Lather & Slather British Rose Gift Case will provide. Containing a 60ml shower gel, 50ml body butter and a 30ml hand cream packed in a reusable gift case, the set is the perfect Mother’s Day gift. It will allow your mum to have some “me time” and indulge in self-care. Besides, the container of each of the products is fully recyclable, thereby minimising the impact on the planet.

3. Jolly & Juicy Strawberry Essentials Gift, INR 2745

The pleasantly fruity scent of strawberry will rejuvenate your skin like no other! The Body Shop’s Jolly & Juicy Strawberry Essentials is bound to treat your mum to a luxurious at-home self-care session. Containing a 250ml shower gel, a 200ml body yogurt, 30ml hand cream, and a mini Ramie Bath Lily, the gift set will leave one smelling invigorating and fruity. The body yogurt is made with Community Fair Trade almond milk from Spain, while the Mini Ramie Bath Lily is made with natural, durable fibres that gently scrub away dead cells without damaging the skin or polluting the environment. Once you’re done, all you have to do is finish up with the hydrating hand cream.

4. Happy & Hydrated Vitamin E Skincare Gift, INR 3595

The Body Shop’s Happy & Hydrated Vitamin E Skincare Gift set is ideal for pampering and refreshing the skin. The gift set contains a gentle cleansing face wash, a moisturising cream, and a cooling gel mist, all of which provide intense hydration. Perfect for all skin types, the products in this gift set come in recyclable containers, with the gift box handmade by The Body Shop’s Community Fair Trade partner, Get Paper Industry (GPI), based in Nepal.

5. Rich & Creamy Avocado Essentials Gift, INR 2900

Say hello to clear, smooth skin with The Body Shop’s Rich & Creamy Avocado Essentials gift kit that comes with a 250ml shower cream, a 200ml body yogurt, a 30ml hand balm, and a mini Ramie Bath Lily. Enriched with avocado and Community Fair Trade organic almond milk from Spain, the products in this gift set are sure to leave your mother’s skin feeling soothed, smooth, and nourished.

6. Protect & Soften Hand Balm Trio, INR 1595

Our mothers’ hands are often subjected to hard work almost every day, so treat them to a luxurious hand care session with The Body Shop’s Protect & Soften Hand Balm trio. Enriched with shea butter, almond milk, and avocado, the hand balms are ultra-hydrating, and leave one’s hands feeling moisturised and loved. The gift set also supports brand’s Community Fair Trade partners who helped make it. The nourishing Hand Creams are made with handcrafted Community Fair Trade shea butter from Ghana.TBS’s trade helps provide financial independence to over 600 women across 11 villages. They also pay a premium on top of a fair price to help invest in community projects.

Mumbai, get ready for a musical weekend treat with Javed Ali and Shilpa Rao at R CITY

Mumbai, 11th May 2023 – Mumbai’s iconic lifestyle destination, R CITY, is bringing to its patrons an unforgettable musical extravaganza, this May, with two of the country’s top singers performing live through its two musical concerts – Farnaz Fever presenting JAVED ALI – LIVE IN CONCERT at 7 PM on Saturday 20th May 2023 and MAHETIK ENTERTAINMENT PVT LTD presenting SHILPA RAO – LIVE IN CONCERT at 7:30 PM on Sunday 21st May 2023. The music gigs will definitely transport the audience into a musical wonderland making it a weekend to remember!

No stranger to the music scene in India, and the man behind countless tunes, Javed Ali, is known for his soulful voice, and has delivered chartbusters including songs like “Jashn-e-Bahaara” (Jodhaa Akbar), “Kun Faya Kun” (Rockstar) amongst others. He is all set to entertain the crowds by performing some of his finest Sufi, Bollywood and pop hits. On the other hand, Shilpa Rao, popularly known for her unique blend of Indian classical and contemporary styles, promises an energy-filled concert where she will be performing her Bollywood chart-toppers such as “Ghungroo” (War), “Malang” (Malang) and many more.

Over a period of time, R CITY has expanded its horizons and has organized various genres of events for its audiences at the sprawling 24,000 sqft huge courtyard. This ranges from stand-up comic shows to musical nights, flea markets to food festivals, etc. which makes R CITY more than just a shopping destination.

So head to R CITY with your loved ones and enjoy a weekend filled with soulful melodies, foot-tapping rhythms and electrifying beats!

Tickets to both concerts are available on BookMyShow. So grab them now.

JSW Infrastructure files DRHP to raise upto Rs 2,800 crore through IPO route

New Delhi, 11th May 2023:– JSW Infrastructure, the ports business of the JSW Group has filed the DRHP for its initial public offering with SEBI on 9th May 2023. The Ports business of Sajjan Jindal-led JSW Group plans to raise upto Rs 2,800 crore through the IPO route. The company plans to deploy these funds to retire its debt as well as to fund its capacity expansion projects.

JSW Infrastructure has emerged as the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2020 to Fiscal 2022, and the second largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2022”. As at December 31, 2022, JSW Infrastructure has an installed cargo handling capacity of 153.43 million tonnes per annum for multi-commodity cargo including dry bulk, break bulk, liquid bulk, gases and containers. JSW Infrastructure’s port business operations have expanded from one Port Concession at Mormugao in Goa that was acquired by the JSW Group in 2002 and commenced operations in 2004, to nine Port Concessions as of December 31, 2022 across India, making it a well-diversified maritime ports company. Additionally, company is into O& M contracts of 2 ports in UAE, at Fujairah Terminal and Dibba Terminal having a collective capacity of 41 mmtpa.

JSW Infrastructure has in the past acquired Port Concessions in the states of Tamil Nadu and Karnataka as part of its efforts to increase cargo handling capacity, expand its footprint across geographies and products and to cater to growing cargo volumes. As part of its strategy, the company plans to further expand its asset portfolio and grow its operations by evaluating acquisition opportunities to strengthen its presence in handling container and liquid cargo, with a focus on increasing its third-party customer base.

The JSW Infrastructure IPO is the third public listing by the JSW Group and follows 13 years after the public listing of JSW Energy in January 2010. JSW Infrastructure Promoters will not be diluting their current stake.

JSW Infrastructure has shown very strong CAGR growth in all key parameters in terms of, Cargo volume 35%, revenue 41% from Rs 1,143.15 crore in FY 2019-20 to Rs 2,273.06 crore in FY 2021-22, EBITDA 31% from Rs 713.42 crore in FY 2019-20 to Rs 1,215.11 crore in FY 2021-22 & PAT 30% from Rs 196.53 crore in FY 2019-20 to Rs 330.44 crore in FY 2021-22.

For the nine months ended December 31, 2022, it handled a cargo volume of 66.70 million metric tons (MMT), revenue from operations stood at Rs 2,279.44 crore and profit after tax stood at Rs 447.24 crore, whereas EBITDA margin stood at 52.87% and has a net debt of Rs 2,875 crore.

JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, DAM Capital Advisors Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited are the book running lead managers and KFin Technologies Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.