Zomato | In a significant move, SoftBank’s venture capital fund, SVF Growth (Singapore) Pte Ltd, has exited the popular online food delivery platform Zomato. The stake sale involved a transaction of 9.36 crore shares at a trade price of ₹120.5 per share, amounting to a total value of ₹1,127.51 crore, as per exchange data.
Bank of India | The state-owned lender said on Friday (December 8) that its qualified institutions placement (QIP) was oversubscribed 4.11 times. The public sector bank aimed to raise ₹4,500 crore through the QIP, with a base issue size of ₹2,250 crore and a green shoe option of ₹2,250 crore.
Tata Motors | The automobile company is set to increase the price of its commercial vehicles by 3% from January 1, 2024.
PSP Projects | The company has emerged as the lowest bidder for a project worth ₹296 crore in Ahmedabad. The company’s total value of projects for as the lowest bidder stand at ₹1,063.86 crore for the financial year 2023-24. Total work order for the financial year so far stand at ₹1,060.3 crore.
Cipla | The pharmaceutical major’s arm announced voluntary recall of one lot of Vigabatrin for oral solution, USP 500 mg. Vigabatrin has been found to have seal integrity issues allowing for powder leakage from pouch. Vigabatrin is used to treat refractory complex partial seizures in adults and children.
Mazagon Dock | The company has bagged an order from ONGC worth ₹1,145 crore for part replacement of pipeline project on a turnkey basis.
Wipro | Amid ongoing transformation, the IT consultation services company on Friday (December 8) announced significant changes to its chief growth office (CGO). Stephanie Trautman, the current CGO, is set to step down from her role, marking the end of her tenure effective December 31, 2023.