ICICI Bank inaugurates three new branches in Indore

Indore: ICICI Bank has set up three new branches in Indore, located at Palsikar Colony, Nipania and Loha Mandi. These branches are equipped with an ATM, each. With this, ICICI Bank has 47 branches in the city.

The branches offer a comprehensive range of accounts and deposits including savings and current accounts, fixed and recurring deposits and loans like, home loan, personal loan, auto loan, gold loan, business loan and education loan along with remittance and card services. They also provide locker facility at its premises. The branches operate from 9:30 A.M. to 3:00 P.M. on Monday to Friday and on the first, third and fifth Saturdays of the month.

The branches also offer Tab Banking facility that provides nearly 100 services at the customer’s place by an employee through a tablet device. The services include opening of accounts and Fixed Deposit (FD), raising cheque book request, generation of e-statements and change of address, among others.

ICICI Bank has more than 320 branches and over 510 ATMs and cash recycling machines (CRMs) in Madhya Pradesh.

ICICI Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call centres, internet banking , and mobile banking.

Novotel Marks One Year of Ocean Commitment with WWF Partnership

Paris, 22 May 2025 – Ahead of World Ocean Day (8 June), Novotel proudly marks the first anniversary of its transformative three-year partnership with the World Wide Fund for Nature (WWF), reaffirming its commitment to protecting the wellbeing and longevity of the ocean with the launch of two new food policies: Novotel’s Sustainable Seafood Principles in partnership with WWF France and the launch of a pioneering global Plant-Forward food ambition across 600 hotels.

“At Novotel, we are taking decisive action to protect our oceans, and the partnership with WWF is a driving force of this commitment,” said Jean-Yves Minet, Novotel Global Brand President. “Through their guidance and expertise, we can drive change at scale across our 600 hotels and more widely across the industry and communities we reach. At Novotel, we’re committed to making it easier to make choices that have a positive impact on the longevity of the planet, on marine life, and on future generations. From responsible sourcing to a Plant-Forward approach, our ocean impact strategy is designed to drive real change. Together, we can lead the way toward a healthier, more sustainable future – one positive choice at a time.”

DELICIOUS, HEALTHIER, MORE SUSTAINABLE FOOD
The new Sustainable Seafood Principles were created in partnership with WWF and led by the fisheries experts at WWF France. The new guidelines, launched globally across Novotel’s 600 hotels, include banning of 350 species of endangered seafood species, and promoting responsible fishing by 2027, serving only MSC-certified wild-caught species or responsibly sourced local fish, and use ASC- or organic-certified farmed seafood for salmon and shrimp, fostering supplier collaboration where needed. WWF France has created Sustainable Seafood Training, a comprehensive global training programme for Novotel chefs, food and procurement teams, and is working alongside Novotel and Accor to improve traceability.

Furthermore, Novotel has pioneered a Plant-Forward1 ambition, targeting all its 600 hotels to have a minimum of 25% plant-based menus by 2026. Today 39% of hotels dedicate at least 25% of their menus to plant-forward options. Novotel is committed to offering market leading, tasty, sustainable, and Plant-Forward philosophy at scale, guided by a leading culinary institute.

EDUCATION & AWARENESS FOR THE NEXT GENERATION
Novotel welcomes more than two million family stays a year and this summer families at Novotel will experience two new edutainment games designed by WWF France and Novotel to inspire and empower children to be ambassadors for the ocean. “Guardians of the Mediterranean” is an interactive card and digital game inspired by the WWF Blue Panda boat, created to educate families about ocean conservation in a fun, engaging way. “Sea Turtle” is a lively digital quiz that helps children learn about the threats faced during turtle migration, including ghost gear, plastic and pollution.

“Inspiring and educating the next generation is key to protecting our ocean,” added Jean-Yves. “By engaging young minds through play, we plant the seeds of awareness, empathy, and action for a healthier, more sustainable marine future. As a leading family-friendly hotel brand, Novotel is perfectly placed to champion this vital mission.”

A YEAR OF PROGRESS: STRENGTHENING NOVOTEL’S COMMITMENT TO THE OCEANS
Since its launch in June 2024, Novotel has made significant strides to deliver upon its ocean preservation and sustainable impact plan:

1/ REDUCE IMPACT
Novotel’s commitment to reducing its impact aligns with Accor’s industry-leading mission towards positive hospitality, including:
Phasing out single-use plastics across Novotel hotel operations
Installing large-format and refillable dispensers in hotels
Minimizing food waste through innovative solutions and guest engagement
Launched microplastic filter pilots in two Novotel hotels2 in France to reduce impact from hotel laundry

2/ DELICIOUS, HEALTHIER & MORE SUSTAINABLE FOOD CHOICES
In addition to the new Plant-Forward ambition and Sustainable Seafood Principles, Novotel has implemented significant actions:
A globally managed Fishery Improvement Project (FIP) was launched in Q1 2025 in collaboration with WWF, including support of the Indian Squid FIP in Kerala, India
Launched a partnership with Seafood Souq to ensure all seafood suppliers and products are onboarded to SFS Trace and meet required traceability standards, including an 18-hotel pilot in the Middle East3.
A Seafood Taskforce procurement project has been launched in Europe in collaboration with WWF France, working directly with five suppliers to improve traceability as part of the brand’s commitment to support WWF’s ambition for sector-wide change throughout the supply chain.

3/ ENHANCE EDUCATION & OCEAN AWARENESS
Novotel is committed to raising awareness of the importance of the ocean to modern life, inspiring hotel teams, guests and communities to positively contribute to a more balanced life with the ocean.
New global Ocean Awareness Training for all Novotel teams in all 600 hotels, enhancing their knowledge and inspiring their action and commitment. The training has been developed in partnership with AXA Climate.
New WWF Sustainable Seafood Training: for all chef, F&B and procurement teams, including the impact of overfishing, sustainable seafood sourcing and best-in-class sustainability practices in restaurants.
Edutainment in-hotel events, programming and games to inspire positive action amongst the Novotel community.

4/ CONTRIBUTE TO RESEARCH & INNOVATION
Novotel is supporting essential WWF France conservation projects around the world, investing to support ocean impact, research and action through critical projects.

1/ The protection of Posidonia in the Mediterranean
Where: Europe
Why: Per hectare, the Posidonia meadow sequesters five to seven times more carbon than the tropical forest
Status: Action plans underway in 9 coastal cities; 8 mooring fields in project; and 73 buoy conversions completed in 2024 and 41 planned in 2025.

2/ The identification and removal of “ghost gear”
Where: Mediterranean Sea
Why: Lost, abandoned and otherwise discarded fishing gear are a major threat to marine life
Status: Over 1,000 hectares prospected in Bonifacio; several4 nets identified; pilot retrieval with underwater robots scheduled for 2025–2026; new prospection missions in Calanques and Ajaccio planned.

3/ Supporting the WWF France’s Blue Panda boat
Where: Europe – France, Greece, Türkiye, Italy and Croatia
Why: The Blue Panda sails across the Mediterranean conducting missions to develop science-based solutions and recommendations to protect Mediterranean marine life, to raise public awareness, and leading lobbying missions with countries and communities.
Status: 2024 campaign completed across France, Greece, Turkey, Italy and Croatia; educational visits reached 550+ children in France; Cap Cétacés anti-collision system tested; ghost gear prospection and Marine Protection Areas studies conducted; Blue Panda to be in Nice 8–14 June for UNOC with stakeholder events.

4/ Tracking and tracing marine turtles
Where: Global, with a specific focus on Asia-Pacific
Why: Six of seven species of marine turtles remained threatened by harvesting, illegal trade, being caught by commercial fisheries and the loss of nesting beaches. Mapping nesting beaches, migratory corridors and foraging grounds for critical turtle populations.
Status: ‘Blue Corridors’ initiative launched October 2024; over 12,600 turtles tracked globally; data gathering and connectivity analysis ongoing in 2025; update to be published by WWF at UNOC 2025.

5/ Protecting the sea turtles of the Western Atlantic
Where: Guiana Shield
Why: Mobilising civic society and fighting illegal, unreported and unregulated fishing will help protect leatherback turtles breeding on coastal areas of the Guianas, and green and olive ridley turtles from Brazil to Venezuela.
Status: Youth ambassador programme launched; regional delegation to attend UNOC in June 2025; field projects including eco-guide training, citizen science, and advocacy actions ongoing through 2025-2026.

Ludovic Frère Escoffier, Ocean Program Manager, WWF France, said: “Protecting the ocean also means protecting our common future. Faced with the growing threats of overfishing, pollution and loss of biodiversity, economic players have a key role to play. We welcome Novotel’s commitment to integrating the preservation of marine ecosystems into its strategy. By collaborating with influential companies in the tourism sector, together we are accelerating the transition to more sustainable, responsible practices that are compatible with ocean resilience.”

“The ocean is our planet’s greatest source of balance – the ‘lungs of the world’,” added Jean-Yves Minet. “It regulates climate, supports livelihoods, and protects ecosystems. But that balance is at risk. To secure a sustainable future, we must rebalance our relationship with the oceans, reducing our impact and ensuring marine health. Our wellbeing is deeply tied to the health of the ocean. Protecting the ocean isn’t just about the environment, it’s about supporting human health and longevity too.”

WHAT’S NEXT FOR NOVOTEL? POSITIVE STEPS TO IMPACT OCEAN LONGEVITY
Looking ahead, Novotel remains committed to amplifying its impact by:

•  Collaborating with industry leaders at UN Ocean Conference in Nice to drive meaningful change
•  WWF Sustainable Seafood Training – launching summer 2025
•  Ocean Awareness Training in partnership with AXA Climate – launching summer 2025
•  Expanding sustainable seafood practices across all hotels
•  Embedding a new Plant-Forward menu strategy in all hotels
•  Introducing new guest engagement programs focused on ocean preservation
•  Continuing to support critical WWF France ocean preservation projects around the world

Gartner Survey Finds 77% of Engineering Leaders Identify AI Integration in Apps as a Major Challenge

STAMFORD, Conn., May 22, 2025 — Seventy-seven percent of engineering leaders identify building AI capabilities into applications to improve features and functionality as a significant or moderate pain point, according to a survey by Gartner, Inc. The survey also found that the use of AI tools to augment software engineering workflows was the second largest pain point, with 71% of engineering leaders considering it significant or moderate.

The survey of 400 software engineering/application development leaders in the U.S. and U.K was conducted from October to December 2024.

“With CEOs identifying AI as the technology that will most impact their industry, interest in offerings like AI agents is driving the most momentum,” said Jim Scheibmeir, VP Analyst at Gartner. “Even with business leaders focusing more on this technology and despite the growing hype, execution is not easy.”

Both emerging vendors and established hyperscalers have developed and continue to enhance their platforms to alleviate the pain points experienced by enterprises. Many dozens of emerging and established vendors are operating and innovating in this market. Gartner estimates the current market size of the AI application development platforms market to be $5.2 billion.

“Engineering leaders should opt for AI application development platforms or those with the best ecosystem, rather than a combination of disparate vendors, large language models (LLMs) and AI services,” said Scheibmeir. “This approach enables scaling, reuse and consistency in an area of technology and software engineering that is still very novel.”

AI Assistants and Agents Will Also Affect Software Engineering Talent

Currently, AI agents are acting as a learning peer to software engineers, enabling them to focus on complex as well as creative aspects of software engineering. This is leading to more people entering the engineering role without having the traditional computer science background.

“Bringing in team members from outside of science, technology and math fields, such as design, psychology and the arts, can introduce fresh perspectives and creative problem-solving approaches,” said Nitish Tyagi, Principal Analyst at Gartner. “This diversity can also lead to more innovative solutions and a richer, more inclusive user experience.”

Gartner predicts that GenAI will enable 40% of software team members to come from nontraditional software engineering or technical educational backgrounds by 2028, up from 20% today.

AI won’t be able to replace all software engineering tasks and, at least in the near term, organizations will need to focus on reviewing the output from AI-augmented tools. This leads to the requirement of hiring engineers with strong foundational skills, such as logic building and developing algorithms. People from nontechnical backgrounds, such as design, arts and philosophy, will provide new creative ways to solve logical problems using AI.

“The future will be dominated by composable or fusion product teams that consist of software engineers, UX designers, product managers and even data scientists coming from both technical and nontechnical educational backgrounds,” said Tyagi.

Hiring the right candidates that have GenAI skills will become crucial regardless of their educational background. To achieve this, organizations are quickly moving toward a skill-based hiring approach rather than relying on pure resumes and educational background. They utilize skill assessment and interview platforms to assess the right candidates.

Additionally, they can use AI techniques and skills data to design tailored learning paths for both new and existing employees. The survey also found that 38% of respondents said that using AI for learning a new skill is the most effective technique.

Sip Your Way to Summer Glow with Gunam Beauty

May, 2025 – As the temperatures rise, so does the need for simple, effective ways to stay hydrated and healthy. Gunam Beauty invites you to refresh your wellness routine with two effortless summer drink recipes—crafted to nourish your skin, support gut health, and keep you glowing from the inside out. Featuring Gunam’s best-selling Blue Spirulina and Golden Glow Blend, these functional beverages are as delicious as they are beneficial.

1. Healthy Blue Gatorade
A vibrant, replenishing electrolyte drink with skin-loving benefits

Ingredients:

• 1.5 cups coconut water
• Juice of ½ lime
• Juice of ½ lemon
• ¼ tsp Gunam Blue Spirulina
• Pinch of sea salt
• Ice

Method:
In a shaker or jar, mix the lime and lemon juice with blue spirulina until smooth. Add coconut water and sea salt, and stir or shake to combine. Pour over ice and enjoy chilled.

Why it works:
This hydrating mix delivers a natural electrolyte boost from coconut water—rich in potassium, magnesium, and sodium to support energy, muscle function, and hydration. Blue Spirulina adds a powerful dose of plant protein and antioxidants to help combat oxidative stress and support clear, radiant skin. A splash of citrus rounds it out with immune-boosting vitamin C.

2. Golden Glow Sparkler
A sparkling, anti-inflammatory drink that radiates health

Ingredients:

• ½ tsp Gunam Golden Glow Blend
• 2 tbsp water
• Juice of ½ lemon
• 200 ml ginger ale or ginger kombucha
• Ice (Optional garnish: lemon slice or mint sprig)

Method:
In a glass, whisk or stir the Golden Glow Blend with water until smooth. Add lemon juice and mix. Fill the glass with ice, pour in the kombucha or ginger ale, stir gently, and garnish if desired.

Why it works:
Turmeric, adaptogens, and antioxidant-rich ingredients in the Golden Glow Blend help fight inflammation, support immunity, and promote skin health. Swapping ginger ale for kombucha adds natural probiotics that nurture gut health, aid digestion, and support overall wellness—making this the ultimate beauty tonic for summer.

Gunam Beauty’s approach to wellness is clean, conscious, and holistic. Whether you’re post-yoga, post-brunch, or prepping for a sun-soaked day, these drinks are an easy way to stay refreshed while supporting your skin, gut, and overall vitality.

Honda Reaches 500 Million-Unit Milestone in Cumulative Global Motorcycle Production

MUMBAI, India / TOKYO, Japan, May 22, 2025: Honda’s cumulative global production of engine/motor-powered motorcycles has reached 500 million units, 76 years after the company began mass production of motorcycles in 1949 with the Dream D-Type.

Since its foundation in 1948, Honda has developed and offered products and services that meet the needs of customers in many countries and regions, based on its belief that “the purpose of technology is to make people’s lives easier.”

Honda began mass-production of motorcycles at its first overseas production facility in Belgium in 1963, and since then, has expanded its production globally in accordance with its fundamental principle of “producing locally where there is demand.” As a result, Honda achieved its 100 million-unit milestone in 1997, its 200 million-unit milestone in 2008, and its 300 million-unit milestone in 2014. In 2018, Honda’s annual production exceeded 20 million units for the first time in its history, and cumulative global production reached 400 million units in 2019. Although the annual production of motorcycles temporarily declined due to COVID-19 in 2020, demand has steadily recovered worldwide to pre-pandemic levels since then. In addition to internal combustion engine (ICE) models, Honda positioned year 2024 as its “first year of global expansion” for electric powered two-wheelers and has started launching new models, creating a wide and diverse product lineup.

Honda now offers a broad variety of models from commuters for everyday use to larger displacement models for weekend leisure as well as electric vehicles, with an annual production capacity of more than 20 million units in 23 countries and regions and 37 production entities. The company deliver products and services to customers worldwide through a network of more than 30,000 Honda dealers.

Honda will continue its efforts to further solidify its motorcycle business, by providing attractive products and services from diversified approach, realizing the “joy and freedom of mobility” for a wider range of customers, building a highly efficient business structure, and achieving carbon neutrality, including through electrification.

■ Toshihiro Mibe, Director, President and Representative Executive Officer, Honda Motor Co., Ltd.

“For Honda, motorcycle business is our founder’s business, and will continue to be the company’s core business. In the motorcycle business, we have built the trust of our customers through our many products and services, which has enabled us to achieve a cumulative production volume of 500 million units. I would like to thank our customers and all stakeholders who were involved in achieving this milestone, from development to production, sales, and service. Honda will continue to take on the challenge of expanding the joy of our customers around the world.”

■ Honda’s path to 500 million-unit global motorcycle production

■ Outline of the Ceremony to Commemorate the 500 Million Units of Motorcycle Production

Dates:  Thursday, May 22, 2025, from 9:30 a.m. Indian local time Venue:              Honda Motorcycle and Scooter India Private Limited (HMSI)

Fourth plant (Vitthalapur, Ahmedabad District, Gujarat) Speakers: Minoru Kato, Executive Officer, Chief Officer for Motorcycle and

Power Products Operations, Honda Motor Co., Ltd.

Masanori Shimazoe, Operating Executive, General Manager, Kumamoto Factory, Honda Motor Co., Ltd.

Toshio Kuwahara, President and CEO, Asian Honda Motor Co., Ltd. Tsutsumu Otani, President & CEO, HMSI

Tropical Agro Drives Innovation in Agri-Inputs Launches Patented ‘Tag Proxy’ Herbicide Amidst Growing Farm Labour Challenges in Delhi

Delhi, May 22, 2025: Tropical Agrosystem (India) Pvt. Ltd., a leading player in the crop protection and plant nutrition industry, has announced the nationwide launch of its revolutionary patented product — Tag Proxy, a powerful herbicide formulated to combat persistent weed problems while addressing one of the most critical issues facing Indian agriculture today: labour scarcity.

With rising farm input costs and an acute shortage of agricultural labour, Tag Proxy arrives as a timely solution for farmers. This non-selective, post-emergent herbicide targets all weed types in a single application, delivering long-lasting control and reducing dependency on manual weeding. Easy to use and highly effective, it empowers Indian farmers to focus on boosting productivity while lowering operational burdens.

Weed infestations remain a serious challenge in Indian agriculture. A joint study by the Federation of Seed Industry of India (FSII) and the Directorate of Weed Research reports weed-related losses of 25–26% in Kharif crops and 18–25% in Rabi crops, resulting in an annual productivity loss of over ₹92,000 crore.

“At Tropical Agro, our mission is rooted in improving farmer welfare through innovation,” said Mr. V.K. Jhaver, Founder, Tropical Agro. “With Tag Proxy, we are filling a vital gap in India’s weed management landscape. This product not only enhances field efficiency but also addresses the growing issue of labour unavailability. We remain committed to rolling out more breakthrough solutions that strengthen India’s food security and support our farmers’ prosperity.”

Herbicide – Tag Proxy

Tag Proxy features a proprietary blend of Paraquat Dichloride 22.4% W/W and Oxyfluorfen 1.99% W/W EW, designed for fast action and consistent, season-long results. A single spray delivers complete control, saving farmers time, reducing labour costs, and enabling them to focus on yield enhancement and income growth.

This launch follows the successful rollout of Tag Stem Lee — India’s first granular insecticide with three active ingredients, developed to protect paddy crops from stem borer and leaf folder infestations. Tag Stem Lee has received an encouraging market response.

Key Benefits of Tag Proxy:

• Patented, non-selective, post-emergent herbicide
• Complete weed control with a single spray
• Effective across weed species.
• Reduces labour dependency and saves time

 Approved by the Central Insecticides Board & Registration Committee (CIBRC), Tag Proxy will be available nationwide starting May 21, 2025.

With Tag Proxy, Tropical Agro reaffirms its commitment to transforming Indian agriculture — delivering innovative, sustainable, and farmer-first solutions that drive productivity, lower costs, and enable long-term growth.

Novotel Pune Appoints Manali Khatavkar as Marketing and Communication Manager

Novotel Pune is delighted to announce the appointment of Manali Khatavkar as the hotel’s new Marketing and Communication Manager. With over 12 years of rich and diverse experience across the hospitality, healthcare, and event sectors, Manali steps into her new role with a reputation for strategic thinking, digital innovation, and impactful brand storytelling.

In her new position, Manali will spearhead the hotel’s integrated marketing and communication initiatives, overseeing brand positioning, digital marketing, public relations, content strategy, and social media engagement. Her focus will be on amplifying the hotel’s brand narrative, driving guest engagement, enhancing media visibility, and contributing to overall revenue growth.

Prior to joining Novotel Pune, Manali served as Marketing and Communications Manager at Novotel Visakhapatnam Varun Beach and The Bheemili Resort, where she led the marketing function for both properties. Her previous roles include tenures at renowned brands such as Crowne Plaza Pune City Centre, Dr. D.Y. Patil Super Specialty Hospital, and The Orchid Hotel Pune, where she was responsible for end-to-end brand communication.

Anant Leekha, General Manager, Novotel Pune, commented on the appointment: “We are thrilled to welcome Manali Khatavkar to the Novotel Pune leadership team. Her extensive background in marketing and communications, coupled with her deep understanding of the hospitality landscape, makes her an invaluable addition.”

Manali holds a Post Graduate Certificate in Digital Marketing, Communications, Marketing Analytics, and Public Relations from MICA and UpGrad, along with a Post Graduate Diploma in Event Management & Marketing.

Outside of work, Manali is an avid traveler who enjoys exploring new cultures, capturing moments through photography, and indulging in culinary experiences.

Yuki Opens Its Fourth Outlet in Sarjapur, Bringing Its Signature Pan-Asian Flavours to a New Locale

Bangalore, May 22, 2025 – Yuki Kitchen, renowned for its innovative Pan-Asian cuisine proudly announces the opening of its fourth outlet in the vibrant neighborhood of Sarjapur. This expansion marks another milestone in Yuki’s journey to bring diverse Asian flavors to Bangalore’s discerning diners.

Building upon the success of its previous locations, Yuki Sarjapur offers a meticulously curated menu that spans Japanese, Korean, Malaysian, and Thai cuisines. Guests can indulge in signature dishes such as cream cheese dumplings, truffle edamame dumplings, and the popular fried sushi (Yasai Futomaki Age). The menu also features regional specialties like Larb Gai from North-Eastern Thailand, Burmese Chickpea Tofu, and original Kampung Rice from Malaysia, catering to a wide range of palates, including vegetarian and vegan preferences.

Complementing the culinary offerings is Yuki’s celebrated cocktail program, featuring unique creations like the Geisha’s Garden, Pandan Teq-Tea, and the indulgent Fig & Cheese Old Fashioned. Reflecting the restaurant’s commitment to quality and innovation.

The Sarjapur outlet’s interior design continues Yuki’s tradition of blending authenticity with modern aesthetics. Inspired by Japanese cherry blossoms and Neo Art Deco elements, the space features earthy tones, black and white flooring, and teal and pink furniture. The omnipresent Koi fish motif symbolizes the journey of culinary excellence across Yuki’s locations, while the signature Yuki logo adorns a prominent wall, reinforcing brand identity.

“Our commitment to providing a memorable dining experience extends beyond the plate. The elegant interiors, influenced by Japanese cherry blossoms and Neo Art Deco design, create an ambiance that complements the exceptional flavors on offer. The Koi fish motif, weaving its way through our outlets, symbolizes the journey of our culinary excellence from one location to another. Yuki is not just a restaurant; it’s an invitation to embark on a gastronomic adventure. We invite you to join us and explore the tantalizing world of Pan-Asian cuisine, where tradition meets modernity, and every bite is a celebration of flavor.” Sai Shivani & Priyesh Busetty, Co-founders, Yuki

With its distinctive blend of vibrant flavours, warm hospitality, and immersive design, Yuki’s new Sarjapur outlet is poised to become a cornerstone of the neighbourhood’s dining scene. Standout dishes like the cream cheese dumplings, fried sushi, Larb Gai, Kampung Rice, and the indulgent Japanese cheesecake offer a journey across Asia’s most beloved culinary traditions. The space itself has been thoughtfully designed to include cosy, intimate corners —  making it as much about connection as it is about cuisine.

Schloss Bangalore Ltd’s Rs3,500 Cr IPO to Open on May 26, 2025

Chandigarh, May 22, 2025: Schloss Bangalore Limited (the “Company” or the brand “The Leela”) proposes to open on Monday, May 26,2025, an initial public offering (“Offer”) of equity shares bearing face value of ₹10 each (“Equity Shares”) aggregating up to ₹ 35,000 million (₹ 3,500 crore).

The Offer comprises a Fresh Issue of Equity Shares aggregating up to ₹25,000 million (₹2,500 crore) (the “Fresh Issue”) and an Offer for Sale of Equity Shares aggregating up to ₹10,000 million (₹1,000 crore) by the Selling Shareholder – Project Ballet Bangalore Holdings (DIFC) Pvt Ltd (“Promoter Selling Shareholder”).

The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein at least 75% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors, on a discretionary basis (the “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 are allocated to Anchor Investors. 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, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith.

Further, not more than 15% of the Offer shall be available for allocation to non-institutional investors (“Non-Institutional Investors” or “NIIs”) (the “Non- Institutional Portion”) of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹200,000 and up to ₹1,000,000 and two thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. The allocation to each Non-Institutional Investor shall not be less than the minimum application size, subject to availability of Equity Shares in the Non-Institutional Portion and the remaining available Equity Shares, if any, shall be allocated on a proportionate basis in accordance with the conditions specified in this regard in Schedule XIII of the SEBI ICDR Regulations. Further, not more than 10% of the Offer shall be available for allocation to retail individual investors (“Retail Individual Investors” or “RIIs”) (the “Retail Portion”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All Bidders (other than Anchor Investors) shall mandatorily participate in this Offer through the Application Supported by Block Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID for UPI Bidders (defined hereinafter)) in which the Bid Amount will be blocked by the SCSBs or the Sponsor Bank(s), as the case may be. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange.

JM Financial Limited, BofA Securities India Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), ICICI Securities Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the Offer.