Zomato, TCS and SVP Global Ventures to see some action today

Zomato has completed the acquisition of 18.10% stake in Grofer Entities. The company has acquired 9.16% of shareholding on a fully diluted basis in Grofers India (GIPL) for a consideration of Rs 518.21 crore and 8.94% of shareholding on fully diluted basis in Hands on Trades (HOTPL) for a consideration of Rs 222.83 crore, with an aggregate consideration of Rs 741.05 crore.

Tata Consultancy Services (TCS) is expanding its strategic partnership with Google Cloud with the launch of Google Garages at its TCS Pace Port coinnovation and advanced research centers in Amsterdam, New York and Tokyo. The TCS Google Garages provide an immersive experience for companies to evaluate cloud solutions, develop and prototype applications, apply analytics and artificial intelligence (AI) capabilities using design thinking and agile development to address business opportunities and create value.

SVP Global Ventures has started commercial operations for its mega textile plant in Oman. The Group has invested $150 million (around Rs 1,100 crore) in setting up 1.5 lakh spindles and 3,500 rotors facility at Sohar Free Trade Zone in Oman. The plant is expected to reach peak utilisation by September 2021 and expected to contribute hugely in overall revenue of the company.

Dabur India is witnessing robust growth in South India and it is launching region-specific products along with taking on board regional celebrities and influencers to strengthen its presence.

Hikal has started operations in staggered manner in manufacturing unit at Mahad. The company expect to ramp up production over the next several days. Earlier, company had suspended operations due to heavy rains and floods in the Raigad District.

GIC Housing Finance is planning to raise funds by way of issue of redeemable non-convertible debentures/bonds on a private placement basis up to aggregate the limit of Rs 2,500 crore. The proposed funds are to be raised in one or more tranches. Shareholders' approval is being sought in the company's next annual general meeting (AGM) on September 27, 2021.

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