Category: launch

An Initiative by Canara HSBC Oriental Bank of Commerce Life Insurance

Bangalore, 16^th March 2019:Canara HSBC Oriental Bank of Commerce Life Insurance launched its “meformycity” initiative in Bangalore on 16^thMarch 2019. The initiative which promises to make our cities cleaner and beautiful through graffiti art held a concert at Phoenix Marketcity, Whitefield, Bangalore in order to bring together the audience at large and contribute to the cause.

An enthralling live performance by renowned bollywood singer “Benny Dayal” hooked the audience with his thumping music numbers. Mr. Anuj Mathur, MD and CEO and Ms. Tarannum Hasib, Chief Distribution Officer, Canara HSBC Oriental Bank Of Commerce Life Insuranceinaugurated the graffiti digitally across Banaglore, Kolkata & Ahmedabad. Event holds utmost prominence as this is one of its kind sustainable activity being done to beautify city walls with a message to promote cleanliness in surroundings.

Canara HSBC Oriental Bank of Commerce Life Insurance has taken this step to sensitize civilians about how a simple depiction & expression of the great Indian spirit on the walls of our cities can induce us in making our environment a better & cleaner place.

Mr. Anuj Mathur, Managing Director & Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance said, “We take pride in doing our bit for the society and are also humbled by the phenomenal response by our audience. This has not only allowed us to contribute towards cleanliness of our cities but also connect with our audience in a better way. We as a company encourage everyone in the organization to participate and do their bit to implement sustainable practices and make a positive impact for the environment. We also recognize the importance of educating people and keep doing awareness campaigns and employee volunteering activities to support the environment around the year.”

Ms. Tarannum Hasib, Chief Distribution Officer, Canara HSBC Oriental Bank of Commerce Life Insurancesaid, “Our promise has been to leave a legacy behind, where the society at large can come together and contribute towards making our cities cleaner & beautiful. We are extremely proud of hosting this initiative in Bangalore”.

Speaking at the event, Benny Dayal said, “I am thrilled to be here – as part of a campaign that believes in clean and beautiful cities. I believe that as a society and as citizens of this country, we all have a responsibility towards our nation and creating an atmosphere of cleanliness and beauty for everyone.”

Till date Canara HSBC Oriental Bank of Commerce Life Insurance has covered more than 10,000 square feet in creating graffiti across 10 locations in 9 Indian cities which have left an immense impact in creating awareness on cleanliness and making our environment a better place to live.

The company has partnered with Radio Mirchi to create outreach campaigns on Radio and reach the audience digitally.

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“Leading film star Srinidhi Shetty graced the event”

Bangalore, 15th March 2019: Known for its outstanding designs, exquisite craftsmanship and impeccable purity, Vummidi Bangaru Jewellers (VB]), a I19-year-old legacy heirloom brand: partnered with Forevermark, the diamond brand from the De Beers Group by launching it at their jewellery store in Bangalore. Forevermark diamonds are the world’s most carefully selected diamonds while Vummidi Bangaru Jewellers is known for its commitment to quality and service. The solidarity of these two brands has brought about an ideal association to offer elegant diamond jewellery pieces that come with a unique inscription number assuring you that they are the most beautiful, rare and responsibly sourced diamonds.

Honouring the occasion was the Kannada film star, Srinidhi Shetty. Adorned in Forevermark jewellery, she said, “I am truly delighted to be present at the launch of Foreve mark at Vummidi Bangaru Jewellers at ayanagar . Knowing that less than 1 % of the world’s diamonds are eligible to be a Forevermark diamond, I feel even more privileged to wear these stunning earrings which has been exquisitely designed by Vummidi Bangaru Jewellers.”

Highlighting the partnership, Mr. Amarendran Vummidi, Managing Partner, Vummidi Bangaru Jewellers said, “it gives us immense pleasure to have associated with Forevermark – the diamond expert that offers the best quality of diamonds to its partners, with its stringent selection process. Using Forevermark diamonds in our designs not only enhances the jewellery but also reinstates the trust that customers hove on us.”

Speaking on the occasion, Mr. Sachin Jain, President, Forevermark India said, “Forevermark is proud to be associated with Vummidi Bangaru Jewellers, one of the finest jewellers in Bangalore. We ensure that we work exclusively with experts who are passionate about diamonds and committed to excellence like, Vummidi Bangaru Jewellers. Their exquisite design and craftsmanship enhances the beauty of a Forevermark diamond and we look forward to a lasting relationship with Vummidi Bangaru Jewellers.

Forevermark diamonds are the world’s most carefully selected diamonds. Each Forevermark diamond undergoes a journey of rigorous selection and bears a unique inscription at its heart, which is an assurance that every Forevermark diamond is beautifu promise that the diamond has been carefully selected to meet Forevermark’s standards of quality and integrity. Known rare and responsibly sourced . Less than 1 % of the world ‘s diamonds are worthy of this inscription which is a r combining superior quality and exclusive designs to produce elegant masterpieces, Vummidi Bangaru Jewellers will carry forward the promise of Forevermark. Visit the store at No. 9, 33rd Cross, 4th Block, Jayanagar, Bengaluru. For details on Forevermark, visit http://www.forevermark.com

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* Embassy Office Parks REIT (“Embassy REIT”) is issuing Units aggregating up to Rs. 47,500 million (the “Issue”)

* Bids open on March 18, 2019 and closes on March 20, 2019 *

* The Price Band for the Offer is from Rs. 299 to Rs. 300 per Units. Bids can be made for a minimum of 800 Units and in multiples of 400 Units thereafter by Bidders other than Anchor Investors and Strategic Investors.

* This Issue will constitute at least 10 % of the issued and paid – up Units on a post – issue basis

* Initial Public Issue in reliance upon regulation 14(1) of the Securities and Exchange Board of India Real Estate Investment Trusts) regulations, 2014, as amended (the “REIT Regulations”)

March 15, 2019: The initial public offering (IPO) of Embassy Office Parks REIT (“Embassy REIT”), the first ever by a Real Estate investment Trust in India, will open on March} 18, 2019 at a price band of Rs 299 to Rs 300. Embassy REIT is issuing Units aggregating up to Rs. 47,500 million (the “Issue”). This Issue will constitute at least 10 % of the issued and paid – up Units on a post – Issue basis in accordance with Regulation 14(2A) of the REIT Regulations. The issue will close on March 20, 2019.

The Units of the Embassy REIT are proposed to be listed on the National Stock Exchange of india Limited (the “NSE”) and BSE Limited (the “BSE”, together with the NSE, the “Stock Exchanges”). The Embassy REIT has received in-principle approvals from the NSE and the BSE for listing of the Units pursuant to letters dated October 11, 2018 and October 9, 2018, respectively. NSE is the Designated Stock Exchange for this issue . This issue will constitute at least 10 % of the issued and paid – up Units on a post – issue basis in accordance with Regulation 14(2A) of the REIT Regulations. The Manager, in consultation with the Lead Managers, may retain oversubscription in the Issue in accordance with the REIT Regulations and the SEBI Guidelines.

The Net Proceeds from the Issue will be used for (i) Partial or full repayment or pre-payment of bank/ financial institution debt of certain Asset Special Purpose Vehicles (“SPVS”) and by the Investment Entity, (ii) Payment of consideration for acquisition of the Embassy One Assets currently held by Embassy One Developers Private Limited (“EODPL”), and (ii) General purposes.

The Issue will include participation by Strategic Investors in accordance with the SEBI Guidelines.

The Issue is being made through the Book Building Process and in compliance with the REIT Regulations the SEBI Guidelines , wherein not more than 75 % of the Issue ( excluding the Strategic Investor Portion) shall be available for allocation on a proportionate basis to Institutional Investors, provided that the Manager may , in consultation with the Lead Managers , allocate up to 60 % of the Institutional Investor Portion to Anchor Investors on a discretionary basis in accordance with the REIT Regulations and the SEBI Guidelines.

Further , not less than 25 % of the Issue ( excluding the Strategic Investor Portion ) shall be available for allocation on a proportionate basis to Non-Institutional Investors, in accordance with the REIT Regulations and the SEBI Guidelines, subject to valid Bids being received at or above the Issue Price.

Bids can be made for a minimum lot of 800 Units and in multiples of 400 Units thereafter by Bidders other than the units subscribed for by Anchor Investors and Strategic Investors.

Axis Trustee Services Limited is the Trustee to the Issue while Embassy Office Parks Management Services Private Limited is the Manager to the Issue. Embassy Property Developments Private Limited and BRE/ Mauritius Investments are the Sponsors to the issue.

The Global Coordinators and Book Running Lead Managers (GCBRLMs) to the offer are Morgan Stanley India Company Private Limited, Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and DSP Merrill Lynch Limited. Book Running Lead Managers (“BRLMs”) to the Offer are Axis capital Limited, Credit Suisse Securities (India) Private Limited, Deutsche Equities India Private Limited, Ca Goldman Sachs ( Limited, IIFL Holding Private Limited. India) Securities Private Limited, HSBC Securities and Capital Markets (India) Private Limited,IIFL Holdings Limited, JM Financial Limited and Nomura Financial Advisory and Securities (India)

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” Custom-made solutions suited for both industrial and commercial operations”

Bangalore, 15th March 2019: Everest Industries Limited, one of India’s leading Solution Providers in gment launched ‘Everest Integrated Steel Connect’ in Bangalore on 15th March, 2019. The company’s aims to enhance customer experiences through their highly-skilled in-house design, engineering & solutions team equipped with world class software and 8 state-of-the-art manufacturing facilities providing Integrated Building Solutions.

With this launch, the company position in the rapidly evolving construction sector of South India, driven by ever increasing demand from Infrastructure, Manufacturing & Warehousing. On offer is an array of solutions comprising Pre-Engineered Buildings, Light Gauge Steel Framing (Smart Steel Buildings), Solar Panels, Walls, Claddings, Facade & Roofing solutions for application across industrial and commercial buildings, admin buildings, canteens, guesthouses, recreation centers amongst others

Through its integrated platform the Company delivers end-to-end solutions by from solution architecture to structural design to installation. Customized software and latest ERP deployment (SAP S4-Hana platform) facilitate consumers to track the status of their projects real-time Speaking on the launch,

Mr. S. Krishnakumar, CEO, Everest Steel Building Solutions said, “Bangalore is an important market for us, given the presence of several large industries, multinationals and industrial areas like Hosur, Peenya (Bangalore-Tumkur Highway), Doddaballapur (Bangalore-Hindupur State Highway) & private industrial enclaves. The area also serves as an entry point for industries located in hubs across Mysuru, Anantapur, Hindupur, Ranipet amongst other regions. We believe that Everest is a one stop shop which offers hassle-free experience to its consumers and can address the construction need of the region through innovative end to end building solutions. Our ability to construct safe, speedy strong, and sustainable solutions provides an edge in the knowledge driven markets of Karnataka & difficult terrains of Coorg.” In the coming years the company foresees significant growth in the construction sector.

Projects like Warehouses, Factories for Manufacturing, Airports, Power plants and Transmission & distribution ports, railways workshops, Metro Rails, resorts will lead the construction boom. Every year, the company supplies over 2,000-4,000 MT across the Bangalore and Karnataka region marking a 15 % market share in its segment. In the forthcoming years, the company aims to do an annual business of over 50 Cr from the Karnataka region In the last few years, the company has successfully completed more than 100 projects in Karnataka with a valuation of around 200 crores-the prominent ones being ACC, BASF India Limited, MTR Food Private Limited, Rishi FIBC Solutions Private Limited, Shree Cement Limited, Supreme Industries Limited and TATA Power amongst several others, thus contributing to infrastructure & employment in the region. The concept of integrated solutions coupled with timely performance, excellent service backup and a faster response time ensures high percentage of repeat clientele for the company. Everest Industries Limited has also bagged several industry awards for the innovative work in the sector.

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Bengaluru, March 8, ’19: TURBOSTEELLPS TMT BARS-the first and only product in Karnataka to use the LPS (Low Phosphorus and Sulphur) technology for high grade steel bars, was launched in the city today by popular cine star and director Mr. Ramesh Aravind.

“We are excited about the launch of this innovative and advanced offering under our TURBOSTEEL brand TURBOSTEEL LPS TMT Bars’ physical properties are stable, mechanically superior and visually distinct from other products. The finish, lustre and rib design are outstanding and are being much appreciated by experts in the construction industry” said Praveen Chandra Ramamurthy, Managing Director, Prakash Sponge Iron and Power Private Limited. Using unmatched precision and advanced technologies available, the parent company Prakash Sponge Iron & Power Pvt. Ltd established in 2007, has successfully commissioned the state-of-the-art steel melting and steel rolling mill to produce world class quality steel bars under the popular brand name TURBOSTEEL.

The company has over 100 dealers across Karnataka and plans to introduce the new product in other states soon. Having provided direct and indirect employment to more than 600 people, the company is on a growth path to expand d add additional steelmaking capacity.

The new offering TURBOSTEEL LPS TMT Bars’ chemical properties are controlled at various stages of manufacturing. tarting at the iron ore mines. The high grade iron ore coupled with Advanced LRF -Ladle Refining Furnace and MSS Convertor during steel making enables to control the Phasphorus and Sulphur levels in the steel, resulting in a high quality efficient product.

It gives me immense pleasure to be part of such an initiative to introduce a first of its kind technology in Karnataka. Being an engineer myself I was quite convinced with the precision and quality they offer with the launch of TURBOSTEEL LPS TMT BARS. A long lasting and strong building is the aim of any construction and TURBOSTEELLPS TMT BARS gives you just that, which is indisputable in the state’s steel industrytoday”, said Ramesh Aravind, cine star and director, Brand Ambassador of TURBOSTEEL LPS TMT BARS.

TURBOSTEELLPS TMT Bars-Quick Brief

TURBOSTEEL LPS TMT Bars is a product of Prakash Sponge Iron and Power Pvt. Ltd, established in the year 2007 based in Chitradurga district, Karnataka. TURBOSTEELs unique selling point is the LPS technology used in making steel, which reduces the Phosphorus and Sulphur content in steel to very law levels. This makes the TMT Bars str and reliable than other ordinary TMT on the current production levels. The company is part of ERM Group, which has interests largely in the Ore Mining. Steel, and Power Generation bars available in the market. The primary focus is the state of Karnataka, based areas of Iron Ore mining steel, and Power Generation.

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