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Syngene International IPO opens July 27

Making the announcement are Dr S Subramanian of Axis Capital; M B Chinappa, CFO, Syngene International Ltd; Peter Bains, CEO, Syngene International Ltd; Dr Kiran Mazumdar Shaw, MD, Syngene International Ltd; Manoj Nerukar, COO, Syngene International Ltd; Sumit Jalan, Credit Suisse Securities (India) Pvt Ltd and Indraneil Borkakoty, Jefferies India Private Ltd.

PANJIM: Syngene International Ltd announced that it has obtained the approval of the Registrar of Companies for its Red Herring Prospectus, for an Initial Public Offering. The IPO is an offer for sale by Biocon Limited of a part of its shareholding in Syngene. Biocon along with its subsidiary, Biocon Research Limited, currently holds an 84.5% equity stake in Syngene. The company has already obtained necessary approvals from SEBI and FIPB.

The offer will open for subscription on Monday July 27, 2015 and will close on Wednesday, July 29, 2015. Company and the Selling Shareholder may, in consultation with the BRLMs, consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/ Offer Opening Date.

The price band for the offer has been fixed between Rs 240 and Rs 250 per equity share of Rs 10 each.

GJSCI launches new age digital learning platform 

From left to right are Prof V K Murti, Nirupa  Bhatt, Premkumar Kothari, Binit Bhatt and Mrigank Tripathi

PANJIM: The Gem & Jewellery Skill Council of India (GJSCI), under the National Skill Development Corporation (NSDC) introduced the new digital learning platform, to skill and upskill jewellery retail sales associates across India. 

This initiative will help individuals at remote locations get trained by themselves, along with their work, at a time of their convenience. The digital platform, developed by Tech Partner – Qustn Technologies, was launched by Chief Guest, Nirupa Bhatt, MD – India and Middle East, GIA, Guest of Honor, Prof V K Murti, Academic Head, Centre for Family Business, SP Jain Institute of Management & Research, Mumbai along with Prem Kumar Kothari, chairman, GJSCI, Binit Bhatt, COO, GJSCI and Mrigank Tripathi, Founder and CEO, Qustn Technologies.

The course, defined by GJSCI will be made available in 9 languages to the users with various modules in it, covering all key topics including the basics of gold and jewellery products, selling process, customer service along with others. To make the system even more intuitive, the online module is simplified into simple steps which ensures it is easily comprehensible.