MAR-के -TING

MB
BUZZ
1 2 N O V E M B E R 2 0 2 1  

M A R - के - T I N G

B U Z Z N E W S L E T T E R

TABLE OF

CONTENTS
MEET INDIA'S RICHEST SELF-MADE
FEMALE BILLIONAIRE Meet India's richest self-made

B Y N I D H I S H A H female billionaire • P. 1

58-year-old Falguni Nayar CEO and founder of specialty

Paytm IPO Subscribed 56% So Far

beauty and personal care platform Nykaa is now India’s On Final Day Of Issue • P. 2

richest self-made woman billionaire. She called it quits at

the peak of her career as an investment banker and built UK to add Covaxin to approved

her own beauty empire that today crossed Rs 1 lakh crore in list from November 22 • P. 2

market capitalisation on its listing debut. FSN E-Commerce

GE to split into three
Ventures, Nykaa’s parent entity, is India’s first woman-led
companies • P. 3
unicorn to hit the stock exchange. Shares of Nykaa closed

96% higher on Wednesday, valuing Nayar's wealth at $6.5 Tatas to take over, operate Air

billion. The Nykaa founder and CEO have joined only six India by Jan 23, 2022 • P. 3

other women billionaires in India. Apart from Nayar, Kiran

JSW Steel, Varun Beverages
Mazumdar-Shaw (Biocon) and Divya Gokulnath (BYJU's) are
first companies to get land in
the only other self-made billionaires.
J&K for business units• P. 4

P. 1
PAYTM IPO SUBSCRIBED 56%
SO FAR ON FINAL DAY OF
ISSUE
B Y T A N U S H R I T A G I R I

Paytm's ₹ 18,300-cr share sale via IPO, the country's

biggest ever, is subscribed 56% so far on its 3rd and

final day of issue, according to subscription data on

the stock exchanges. On Wednesday, retail individual

investors showed maximum interest as the portion

reserved for them is fully subscribed by 1.37 times so

far - the highest among the three groups of

investors. Paytm is selling shares in the price band of

₹ 2,080 - ₹ 2,150 per share and retail investors can

bid for a minimum of one lot of 6 shares up to a

maximum of 15 lots. The IPO consists of a fresh issue

of ₹ 8,300 crores and an offer for sale by existing

shareholders worth ₹ 10,000 cr. Paytm's IPO is likely

to be the biggest in the country's corporate history,

breaking a record held by Coal India Ltd, which

raised ₹ 15,000 crores over a decade ago. However,

given a fancy for fintech, the company could

command a high valuation.

UK TO ADD COVAXIN TO
APPROVED LIST FROM
NOVEMBER 22
B Y A M R I T A N A N D

The UK government has said that India's Covaxin will be

added to its list of approved COVID-19 vaccines for

international travelers from November 22, meaning that

those inoculated with the Bharat Biotech-manufactured jab

will not have to self-isolate after arrival in England. The

move follows the World Health Organisation's (WHO)

Emergency Use Listing for Covaxin, which is the second most

used formulation in India. Covishield, the India-

manufactured Oxford-AstraZeneca COVID-19 vaccine, was

added to the UK's approved list last month. The changes will

come into effect at 4 am on November 22. The UK

government has also simplified the travel rules for all under-

18s coming to England. They will now be treated as fully

vaccinated at the border and will be exempt from self-

isolation requirements on arrival, day-8 testing, and pre-

departure testing. They will only be required to take one

post-arrival test and a confirmatory free PCR test if they

test positive.

P. 2
GE TO SPLIT INTO THREE
COMPANIES
B Y S I D D H A R T H S H A R M A

General Electric announced on Tuesday that it would

split into three public companies in a bid to reduce

its debt and boost share prices. The three businesses

will focus on aviation, health care, and energy. "GE

will separate the health care company, in which it

expects to retain a stake of 19.9%, in early 2023. It

will combine GE Renewable Energy, GE Power, and

GE Digital and spin-off the business in early 2024.

The aviation company will retain the GE name and

will be led by current chief executive Larry Culp. The

aviation company will also inherit other assets and

liabilities of GE. "By creating three industry-leading,

global public companies, each can benefit from

greater focus, tailored capital allocation, and

strategic flexibility to drive long-term growth and

value for customers, and investors. GECAS had been

providing most of the revenue for GE Capital, but its

sales fell nearly 20 percent last year as COVID

disrupted the aircraft leasing business.

TATAS TO TAKE OVER,

OPERATE AIR INDIA BY JAN
23, 2022
B Y M I T U L B O R I C H A

The countdown for founder Tata Group re-acquiring Air

India 68 years after the Maharaja was nationalised has

begun. They have to take control and start running AI, AI

Express and AI-SATS (in which 50% stake is athe new

owners) latest by January 23, 2022 — the “long stop

date” as per the share purchase agreement signed with

the government last month.

The long stop date of January 23, 2022, is the outer limit

by when Tata’s wholly owned subsidiary Talace has to

take over AI. This date has been agreed upon by both the

parties (seller government and buyer Tatas),” said people

in the know.

P. 3
 JSW STEEL, VARUN BEVERAGES FIRST COMPANIES
TO GET LAND IN J&K FOR BUSINESS UNITS

B Y R A M I T R O Y

Around 400 companies have responded to the union territory's new industrial policy. Among the firms

that have expressed interest are JSW Steel, Varun Beverages Limited, HP Kapital, Atmiya Fieldcon and

Rashmi Group. According to sources in the department of Industries and Commerce, JSW Steel has

been allowed 50 kanals (6.25 acres) of land at Lassipore in Srinagar for setting up a steel plant. “The

group will be investing Rs 150 crores,’’ sources said. On October 9, during the three-day visit of Home

Minister Amit Shah to the UT, the group's representatives were given the papers allocating land for the

steel plant. Sources said Varun Beverages Limited have also been issued land allotment papers for

setting up a business unit in Kathua in Jammu. According to sources, HP Kapital submitted a proposal

for setting up a health care center with an investment of Rs 2,000 crore. The J-K government has

identified 14 sectors to invite companies across the world for investment in UT. In February, the Centre

approved a new Industrial Developmental Scheme for J&K to attract investment worth Rs 28,400 crore.

The government has offered a range of subsidies to those interested in investing in Kashmir. Investment

in plant and machinery up to Rs 50 crore will get a capital incentive of up to Rs 7.5 crore and a capital

interest subsidy at the rate of six percent for a maximum of seven years

Group 1: 21BSP0227 Amrit Anand

21BSP2600 Mitul Boricha
21BSP1807 Nidhi Shah
21BSP1956 Ramit Roy
21BSP0603 Siddharth Sharma
21BSP2235 Tanushrita Giri

Reference
https://timesofindia.indiatimes.com/business/india-business/nykaa-ceo-falguni-nayar-meet-indias-richest-self-made-
billionaire/articleshow/87628129.cms
https://www.ndtv.com/business/paytm-ipo-news-paytm-ipo-indias-biggest-ever-public-offer-subscribed-56-so-far-on-final-day-of-
issue-2605299
https://economictimes.indiatimes.com/news/india/uk-to-add-covaxin-to-approved-list-from-november-
22/articleshow/87595948.cms
https://timesofindia.indiatimes.com/business/india-business/tatas-to-take-over-operate-air-india-by-jan-23-
2022/articleshow/87574173.cms
https://www.theweek.in/news/biz-tech/2021/11/10/ge-to-split-into-three-companies.html
https://www.theweek.in/news/biz-tech/2021/11/08/jsw-steel-varun-beverages-first-companies-to-get-land-in-jk-for-business-
units.html
P. 4