🇮🇳 India Daybook: Aequs, Meesho Make Market Debut; Aditya Birla Renewables Secures BlackRock Investment

📍 IPO DEBUTS

• Aerospace components manufacturer Aequs is set to make its debut on Dalal Street today, December 10, 2025, following an initial public offering that was oversubscribed 101.63 times. The shares will be listed on both the BSE and NSE.
• Softbank-backed e-commerce firm Meesho is also scheduled to list on the BSE and NSE today, December 10, 2025, after its IPO received a robust subscription of 79.03 times.

📍 STRATEGIC INVESTMENTS

• A unit of BlackRock (Global Infrastructure Partners - GIP) has agreed to invest up to ₹3,000 crore (approximately USD 335 million) in Aditya Birla Renewables Ltd (ABREN) for a minority stake. This investment includes an initial commitment of ₹2,000 crore and a greenshoe option for an additional ₹1,000 crore, reflecting strong confidence in India's burgeoning renewables sector.

📍 REGULATORY DEVELOPMENTS

• AU Small Finance Bank has received approval from the Department of Financial Services to increase its foreign investment limit from 49% to 74%. This enhancement is expected to provide the bank with sufficient headroom for foreign investment in compliance with regulatory policies.

📍 CORPORATE ANNOUNCEMENTS

• InterGlobe Aviation (IndiGo) faces a directive from the Ministry of Civil Aviation, which has ordered a 10% curtailment of its flights. This measure aims to stabilize the airline's operations and reduce cancellations amidst nationwide disruptions.
• Sambhv Steel Tubes saw its shares jump by 6% following the announcement of its expansion plans.
• BlueCloud Softech Solutions Limited received in-principle approval from BSE for the allotment of 31.68 crore equity shares. This share swap arrangement is part of the acquisition of M/s AIS Anywhere, with a board meeting scheduled for today to finalize the allotment.
• Annvrridhhi Ventures Limited announced an extension of the closing date for its Rights Issue to December 16, 2025, from the original December 10, 2025, to encourage greater participation from eligible shareholders.
• Zodiac Energy Limited published the results of remote e-voting for a postal ballot, which concerned the approval for giving loans or guarantees or providing security under Section 185 of the Companies Act, 2013.

📍 FUNDRAISING

• Swiggy has launched a Qualified Institutional Placement (QIP) issue, aiming to raise ₹10,000 crore, approximately one year after its market debut.

📍 JOINT VENTURES

• A new 50:50 Joint Venture, Semiophore Ltd., has been announced between India and Israel (formed by ATGC Biotech and Luxembourg Industries). This JV will focus on manufacturing and commercializing Indian pheromone-based crop protection technologies for international markets.

📍 BOARD MEETINGS/RESULTS

• Galaxy Medicare Limited has scheduled a Board Meeting for December 10, 2025, to consider and approve its financial results and potentially a dividend.

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