Several Indian companies are drawing investor attention today, December 8, due to significant corporate actions, new project wins, and strategic developments. Eternal, the parent company of Zomato, saw an institutional investor offload a substantial stake, while biotechnology major Biocon announced a major restructuring plan for its biologics unit. Infrastructure and telecom firms also reported new contracts. ### Major Corporate Developments Drive Market Focus Eternal, the parent company behind food delivery giant Zomato, is in focus after an undisclosed institutional investor sold a 0.5% stake. This block deal involved approximately 5.3 crore shares and was valued at up to ₹1,500 crore. The shares were reportedly sold at an offer price of ₹289.5 apiece, which represented a 1% discount to the prevailing market price. Tr^[1][2]ading for Eternal shares showed volatility during the morning session. Th^[2]e company's market capitalization stands at about ₹2,81,446.38 crore, placing it in the large-cap segment. Bio^[3]con, a leading biotechnology company, announced plans to fully integrate its biosimilars subsidiary, Biocon Biologics Limited (BBL), into the parent company. This^[4][5] strategic move aims to create a unified biopharma entity and simplify the corporate structure. The ^[4]deal values Biocon Biologics at approximately $5.5 billion, or about ₹6,591 crore in share allotment. As par^[5][6][7]t of the transaction, Biocon will issue 17.1 crore new shares to BBL's minority shareholders at ₹405.6 per share. The comp^[6]any will also acquire the remaining stake held by Viatris Inc. (formerly Mylan) for $815 million, comprising $400 million in cash and $415 million in stock. To finan^[4][5][8]ce this integration and other needs, Biocon plans to raise ₹4,500 crore through a Qualified Institutional Placement (QIP). The restru^[6][8]cturing is expected to be completed by March 2026. ICICI Ban^[4]k, a major private sector lender, recorded significant trading activity today, with a total traded value exceeding ₹106 crore. Despite a sl^[9]ight dip in its share price, the stock remained a key point of interest for investors. The bank's s^[9][10]ubsidiary, ICICI Prudential Asset Management Company (AMC), is also preparing for its initial public offering (IPO), expected to launch around December 12. Reports sugg^[11]est the IPO could be valued at approximately ₹10,000 crore. The bidding fo^[11]r anchor investors is set for December 11. ### Infrastru^[11]cture and Defense Sectors Secure New Orders HFCL, a telecom gear manufacturer, secured new export orders worth $72.96 million, equivalent to about ₹656.1 crore, for supplying optical fibre cables. The orders came ^[12][13][14]through the company's overseas wholly-owned subsidiary from an international client. Initial reports ^[12][13]of this order led to a more than 3% rally in HFCL shares, though the stock later saw some decline. The company expe^[12][13]cts to execute these orders by November 2026. HFCL's internati^[12][13]onal business has been a strong growth driver, contributing 28% to its total revenue in the second quarter of fiscal year 2026. Ashoka Buildcon^[12] saw its shares rally after receiving an additional order worth ₹477.21 crore from the Brihanmumbai Municipal Corporation (BMC). This order is for ^[15]an existing flyover project at the T-junction on Sion-Panvel Highway in Maharashtra Nagar, Mumbai. With this new addi^[15][16][17]tion, the total project cost has increased to ₹1,573.79 crore, and the revised completion deadline is January 13, 2028. The company, however^[16][17], recently faced a show-cause notice on November 26, 2025, concerning a girder collapse incident on another project, which it attributed to a hydraulic jack failure and unforeseen circumstances. MTAR Technologies, ^[16][17]a precision engineering solutions company, continues to demonstrate strong order book growth. The company closed the second quarter of fiscal year 2026 with an order book of ₹1,296 crore, up from ₹930 crore at the end of the first quarter. MTAR also received addit^[18]ional orders worth ₹480 crore after the second quarter ended. Recently, the company secu^[18]red confirmed orders totaling ₹194 crore from Megha Engineering & Infrastructures Ltd for components critical to the civil nuclear power sector. These nuclear power orders a^[19]re slated for execution by April 2028. MTAR anticipates doubling it^[19]s sales in the second half of fiscal year 2026 compared to the first half. Cochin Shipyard, a governme^[18]nt-owned company, announced a significant shipbuilding contract with Denmark-based Svitzer. The deal involves building f^[20][21]our 26-meter fully electric 'TRAnsverse' tugs, with an option for four additional vessels. This contract is valued betw^[20][21]een ₹250 crore and ₹500 crore, and deliveries are expected to begin from late 2027. This agreement aligns with India^[20][21]'s national maritime programs, including Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, promoting domestic manufacturing. Zen Technologies, a developer o^[21]f defense training and anti-drone solutions, secured defense orders worth ₹120 crore from India's Ministry of Defence. The order is for a comprehensive t^[22][23]raining node, including a suite of training simulators and related equipment, and is expected to be completed within one year. Additionally, the company previous^[22][23]ly received orders worth ₹289 crore in late October 2025 from the Ministry of Defence to upgrade existing Anti-Drone Systems used by the Indian armed forces, with completion also expected within one year. NBCC (India) Ltd completed an e-auc^[24]tion of 175 residential units in Iconic Tower No. 13 at Aspire Leisure Valley in Greater Noida (West). The sale generated approximately ₹48^[25][26]5.41 crore, and NBCC will receive a 1% marketing fee on the total sale value. Earlier this week, NBCC also secured f^[25][26]ive new construction and redevelopment orders totaling ₹665 crore. The largest of these was a ₹642.82 crore^[25][26] project from the Ghaziabad Development Authority for the redevelopment of the Tulsi Niketan area. SPML Infra, through a joint venture with ^[25][26]Shree Hari Infraprojects, received a contract worth ₹207.38 crore from the Public Health Engineering Department (PHED), Jhalawar, Rajasthan. This project falls under the Jal Jeevan Miss^[27][28][29]ion and aims to strengthen water supply infrastructure across the Kota and Bundi regions. The contract includes comprehensive construc^[27][30]tion and a ten-year period for operations and maintenance. The project scope involves building three in^[27][30]take wells, three water treatment plants with a combined 118 MLD capacity, and 52.6 kilometers of pipelines. This infrastructure upgrade is expected to p^[30]rovide consistent tap water connections to over 1.03 million residents in the Kota-Bundi belt.

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