Zomato | Japanese conglomerate SoftBank’s venture capital fund SVF Growth (Singapore) Pte is likely to divest a 1.1% stake in the online food delivery platform, via a block deal, sources privy to the developments told CNBC-TV18. The offer size for this block deal stands at ₹1,127.5 crore. The floor price for the Zomato shares has been set at ₹120.50, they said.

Five-Star Business Finance | Venture capital firm Matrix Partners India is reportedly gearing up to sell a 5.87% stake in a non-banking lender, sources privy to the developments told CNBC-TV18. The potential divestment comes with an option to upscale the stake sale to 8.81%, sources told CNBC-TV18. The issue size for the base transaction is set at ₹1,250.5 crore, with the flexibility to upsize to ₹1,875.7 crore.

Olectra Greentech | Electric bus manufacturer on Thursday said the company has clinched a contract from the Vasai Virar City Municipal Corporation in Mumbai. The letter of award signifies Olectra’s successful bid for the supply and maintenance of 40 electric buses. The contract is valued at ₹62.80 crore and the 40 electric buses are slated for delivery over a span of seven months.

Sterlite Technologies | The digital solutions company on December 7 said it has initiated arbitration proceedings against Aksentt Tech Services over an outstanding and overdue amount of ₹254 crore. The dispute centres around products delivered and services provided by STL to Aksentt under the Master Agreement dated June 20, 2020, for optical fiber deployment services in 1960 Gram Panchayats in Maharashtra.

IIFL Securities | The Securities Appellate Tribunal (SAT) on December 7 set aside the order by the Securities and Exchange Board of India (Sebi) prohibiting IIFL Securities from taking new clients for two years as a stock broker. It also reduced the monetary penalty imposed on IIFL Securities to Rs 20 lakh from Rs 1 crore.

IRCON | The government on Thursday (December 7) said IRCON International Ltd’s offer for sale (OFS) has witnessed an overwhelming response from non-retail investors, hitting a subscription rate of 4.63 times the base size. The government, in response to the tremendous demand, has decided to exercise the green shoe option.

TVS Electronics | Chennai-based company said the company has received ₹35.58-crore notice from Chennai customs. This financial blow is a consequence of a disagreement with the Customs Department regarding the classification of thermal line printers imported by the company from a neighboring country under the duty-free category.

Titagarh Rail | Titagarh Rail has launched QIP to raise up to ₹700 cr, floor price at ₹976/share, sources said, adding that the indicative issue price is at Rs 933/share.