Out of the total allocation of 14,33,80,733 Equity Shares to the Anchor Investors, 7,95,48,091 Equity Shares (i.e., 55.48% of the total allocation to Anchor Investors) were allocated to 14 domestic mutual funds through a total of 35 schemes.

 The anchor book saw participation from a wide variety of domestic investors, including ICICI Prudential MF, Kotak MF, Nippon MF, Aditya Birla Sun Life MF, DSP MF, 360 ONE, Motilal Oswal MF, Tata MF, Bharti AXA MF, Edelweiss MF, and Canara Robeco MF, to name a few.

 The anchor book saw participation from a wide variety of international investors, including Capital Research, Goldman Sachs Asset Management (GSAM), Fidelity, Franklin Templeton Global, Eastspring Investments, Pine Bridge, and White Oak Capital, to name a few.

As mentioned in the RHP, Global investment firm Think Investments invested a little over Rs 136 crore as part of a pre-IPO funding round. The shares were bought at Rs 127 per piece.

The price band of the issue is fixed at Rs. 103/- to Rs. 109/- per equity share. The offer includes a discount of Rs. 10/- per Equity Share being offered to Eligible Employees bidding in the Employee Reservation Portion. Bids can be made for a minimum of 137 Equity Shares and in multiples of 137 Equity Shares thereafter.

The IPO shall open its bid/offer in relation to its initial public offer on Tuesday, 11^th November 2025. The bid/ offer closing date is Thursday, 13^th November 2025.

The total offer size comprises equity shares of face value of ₹1 each aggregating up to ₹ 3480 Crores. The IPO includes a fresh issue of equity shares of face value ₹1 each aggregating up to ₹3100 Crores and an offer for sale of equity shares of face value ₹1 each aggregating up to ₹380 Crores.

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited, and Axis Capital Limited are the bankers to the issue.

Link: https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20251110-57&attachedId=f778380b-e39b-4da6-8635-82ca22998503

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• Aimed at enhancing shareholder value, this consolidation will help to streamline the organization structure and simplify compliance requirements for effective governance.
• For every 100 equity shares of SIL with a face value of Rs. 10/- each, Ambuja Cements will issue 12 equity shares with a face value of Rs. 2/- each, to eligible shareholders of SIL.
• Subject to requisite approvals, the transaction is expected to be completed within 9-12 months.

AHMEDABAD: Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, today announced separate Schemes of Arrangement of its subsidiaries Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL). The proposed Schemes inter alia provide for the Amalgamation of SIL and PCIL with Ambuja Cements.

Ajay Kapur, CEO of Cement Business, Adani Group, said, “This merger aims to make our company more competitive and efficient, ultimately enhancing shareholder value. Enhanced working capital management and internal funds will support the growth of our business operations. Unified cash flow management will pool resources for faster expansion and cost savings in administration and governance, thereby simplifying compliance requirements. This advancement through a larger entity will increase market competitiveness and deliver greater value to our shareholders.”

SIL has a clinker capacity of 6.6 MTPA, a cement capacity of 6.1 MTPA, and limestone reserves of ~1 billion tonnes. SIL’s Sanghipuram plant is India’s largest single-location cement and clinker unit by capacity, with a captive jetty and captive power plant.

Penna has four integrated plants in Andhra Pradesh and Telangana, along with a grinding unit in Maharashtra. It has an operational capacity of 10 MTPA. Additionally, two plants, with a capacity of 2 MTPA each, are under construction in Krishnapatnam and Jodhpur, expected to be completed within the next 8-12 months. It also has five bulk cement terminals at Kolkata, Gopalpur, Karaikal, Kochi, and Colombo (Sri Lanka).

Ambuja Cements will issue 12 equity shares of the face value of Rs. 2/- each for every 100 equity shares of SIL of the face value of Rs. 10/- each as recommended by the valuers and accepted by the Board and thereby, the eligible shareholders of SIL will become the shareholders of Ambuja Cements.

These transactions will be effected with requisite approvals from related stakeholders and authorities, anticipated to be completed within 9-12 months.

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During the AGM, Shri Mukherjee emphasized NMDC’s commitment to delivering strong volumes and meeting the domestic iron ore demand. NMDC achieved the 45MT milestone in FY24, becoming the first iron ore mining company to achieve that target, and also recorded a significant increase in sales, reaching 44.48 MT. The company’s revenue rose by 21% to Rs. 21,294 crores, with Profit After Tax (PAT) at Rs. 5,632 crores, a 2% increase from the previous year and the company’s EBITDA also saw a 28% growth.

Shri Amitava Mukherjee, CMD (Addl. Charge) stated, “NMDC’s operational excellence, financial prudence, and strategic agility have strengthened our position as a leader in the mining sector. Looking ahead, NMDC is committed to forging a path of sustainable growth and strategic capacity expansion, driven by an ambitious vision to reach 100 MT company by 2030.”

Global and Domestic Market Performance

Shri Mukherjee provided an overview of the global iron ore market, noting a stable production rate despite fluctuations due to geopolitical tensions. India recorded strong growth in iron ore production, and NMDC’s contribution to the sector was vital, securing a 16% market share in FY24.

Domestically, NMDC played a crucial role in supporting India’s infrastructure development, driven by a robust economic environment. India’s GDP growth for FY24 stood at 8.2%, significantly above the global average.

Operational Milestones and Strategic Projects

The company’s major mining projects in Chhattisgarh and Karnataka achieved their highest-ever annual production volumes. NMDC also made significant strides in resolving bottlenecks in pellet production and enhancing supply chain resilience, including the commencement of operations at its Kumar Marenga stockyard and the implementation of a 10 MTPA Rapid Wagon Loading System.

A notable achievement in FY24 was the commencement of gold mining at Mount Celia in Western Australia through its subsidiary, Legacy Iron Ore Limited. The company also resumed its operations at the Panna Diamond Mines in Madhya Pradesh.

Response to Climate Change and ESG Initiatives

NMDC reaffirmed its commitment to environmental sustainability, with ongoing efforts to reduce carbon emissions through eco-friendly ore transportation and renewable energy investments. Shri Mukherjee highlighted NMDC’s plan of laying a 15MTPA slurry pipeline, doubling the Kirandul-Kothavalasa railway line from 28 MTPA to 40 MTPA, and investing in solar and wind energy projects. NMDC is also exploring opportunities to mine critical minerals like lithium and cobalt.

The company’s ESG performance remains strong, with focused efforts on reducing greenhouse gas emissions, enhancing biodiversity conservation, and executing transformational CSR initiatives. NMDC’s flagship social programs, such as Shiksha Sahayog Yojana and Balika Shiksha Yojana, continue to make a positive impact in rural and tribal communities.

Corporate Governance and Strategic Outlook

Shri Mukherjee reiterated NMDC’s commitment to upholding the highest standards of corporate governance, ensuring transparency and accountability in its operations. NMDC’s long-term vision includes expanding its production capacity and contributing to India’s National Steel Policy, which aims to increase steel production capacity to 300 MT by that year.

“As we advance toward NMDC 2.0, we are guided by innovation, sustainability, and a shared purpose. Our new logo symbolizes our commitment to responsible mining and growth, and we are confident that with the support of our stakeholders, NMDC will continue to thrive,” said Shri Mukherjee.

The AGM concluded with shareholders expressing their continued support for NMDC’s ambitious growth plans and its dedication to creating long-term value for all stakeholders.

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MUMBAI: JSW Infrastructure Limited (the “Company”), a part of the JSW Group and India’s second-largest private commercial port operator, today announced its results for the fourth quarter and year ended 31^st March 2024.

Q4 FY2024 – Key Highlights

• Cargo Handled Volumes of 29.3 Million Tonnes, up 9% YoY 
• Revenue increased by 23% YoY to ₹1,200 Crore
• EBITDA of ₹685 Crore an increase of 29% YoY and an EBITDA margin of 57.1%
• Profit Before Tax (PBT) of ₹417 Crore up 41% YoY
• PAT of ₹329 Crore up 9% YoY

FY2024 – Key Highlights

• Cargo Handled Volumes of 106 Million Tonnes, up 15% YoY,
  • Third-party share increased to 40% from 33% last year   
• Revenue increased by 20% YoY to ₹4,032 Crore
• EBITDA of ₹2,234 Crore an increase of 24% YoY and an EBITDA margin of 55.4%
• Profit Before Tax (PBT) of ₹1465 Crore up 81% YoY
• PAT of ₹1,161 Crore up 55% YoY
• The Board has recommended a dividend of ₹0.55/share
• Strong Balance Sheet
  • Net Debt/EBITDA of 0.03x
  • Cash and Bank balance of ₹4,316 Crore

FY2024 – A Year of Delivering Promises

• Successful equity listing in October 2023
• Acquisition of 465,000 Cubic Meter Liquid Storage Terminal at Fujairah, UAE
• Acquired majority Stake in PNP port
• Concession agreement signed with Karnataka Maritime Board for development of a 30 mtpa greenfield port at Keni, Karnataka
• Emerged as a winner bid for a 7 mtpa dry bulk terminal in Tuticorin through PPP mode
• Signed a concession agreement with Jawaharlal Nehru Port Authority for the two liquid berths of 4.5 mtpa
• Jaigarh Port, the flagship port of the company recognized with a five-star rating by the British Safety Council

Growth Strategy

The company has embarked on a growth plan to enhance its cargo handling capacity by 2.4 times, to 400 mtpa by FY 2030 or earlier from the existing 170mtpa. This represents a compounded annual growth rate (CAGR) of 15%. The company is actively pursuing and exploring various project development opportunities, leading to a robust project pipeline. Moreover, privatization bids of terminals/berths in the major ports and the inorganic opportunities in the areas of port and port-related infrastructure are the additional levers to accelerate the growth.

The company has a strong balance sheet and is well-positioned to pursue organic and inorganic growth without compromising on its leverage ratios.

Consolidated Financial Performance Review

Q4 FY2024

During the quarter, the company handled cargo volumes of 29.3 million tonnes which is higher by 9% over the last year. The increase in the volume is primarily on the back of increased capacity utilization at the Paradip Coal Terminal and Mangalore Coal Terminal. Newly acquired assets (PNP and Liquid Terminal, UAE) also contributed to the growth. The third-party volume grew by 35% year-on-year and the share of third-party in the overall volumes stood at 46% vs 37% a year ago.

The higher volume translated to 23% growth in the total revenue which stood at ₹1,200 Crore. Increased revenue translated to EBITDA of ₹685 Crore (+29% yoy) with a strong margin of 57%.

 PBT and PAT stood at ₹417 Crore and ₹329 Crore respectively, reflecting a growth of 41% and 9% year-on-year.

FY2024

During the year, the company handled cargo volumes of 106 million tonnes which is higher by 15% over the last year. The increase in the volume is primarily on the back of increased capacity utilization at the Iron ore and Coal terminals of Paradip and Mangalore Coal Terminal. Also, volumes at the Mangalore Container terminal grew by 18%. The third-party volume grew by 36% year-on-year and the share of third parties in the overall volumes stood at 40% vs 33% a year ago.

The higher volume translated to 20% growth in the total revenue which stood at ₹4,032 Crore. Increased revenue, the benefit of operating leverage, and cost control meant EBITDA of ₹2,234 Crore (+24% YoY) with a strong margin of 55.4%. As a result, PBT grew at 81% to ₹1,465 Crore, while PAT stood at ₹1,161 Crore representing a 55% year-on-year growth.

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• The bid/ Offer will open on Wednesday, May 8, 2024, and close on Friday, May 10, 2024. The Anchor Investor Bidding Date shall be Tuesday, May 7, 2024;

• Bids can be made for a minimum of 47 Equity Shares and in multiples of 47 Equity Shares thereafter

• RHP Link: https://www.icicisecurities.com/Upload/ArticleAttachments/Aadhar%20Housing%20Finance%20Limited%20-%20RHP.pdf

INDIA: Aadhar Housing Finance Limited (the “Company”), proposes to open the initial public offering of its Equity Shares on Wednesday, May 8, 2024. (“Offer”)

The initial public offering comprises a fresh issue of Equity Shares aggregating to ₹ 10,000 million (“Fresh Issue”)and an offer of sale of up to such number of Equity Shares aggregating up to ₹ 20,000 million by BCP Topco VII Pte. Ltd. (the “Promoter Selling Shareholder”) (“Offer for Sale” and together with the Fresh Issue, the “Offer”).

The Company proposes to utilize the Net Proceeds from the Fresh Issue, (i) to meet future capital requirements towards onward lending; and (ii) for general corporate purposes.

The Equity Shares are being offered through the Red Herring Prospectus dated April 30, 2024 (“RHP”) filed with the Registrar of Companies, Karnataka at Bangalore (“RoC”). The Equity Shares issued through the RHP are proposed to be listed on the Stock Exchanges BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the“Stock Exchanges”). For the Offer, the designated stock exchange shall be NSE.

Amit Dixit, Head of Private Equity Asia, Blackstone, said, “The listing is a significant milestone for Aadhar Housing Finance Limited, and its transformation is a great example of what we do best: Building businesses that build India. We brought our scale, network, and best global practices to grow the business, and empowered the company in digitizing its processes, end to end from origination to collection. It has been a wonderful partnership, and we couldn’t be more proud of where the business stands today.”

Mukesh Mehta, Senior Managing Director at Blackstone Private Equity, said, “It is rewarding to be a part of Aadhar Housing Finance Limited’s mission to enable underserved Indians to own homes and play a role in the company’s transformation and growth. Our priority has been to build through close alignment with the Company’s leadership and using Blackstone’s access to capital, resources, and our technology expertise.”

Rishi Anand, Managing Director & Chief Executive Officer, of Aadhar Housing Finance Limited, said, “This is a significant milestone in our journey towards empowering individuals and families with the keys to their own homes. With the true meaning of ‘Ghar Banega, Toh Desh Banega’, we embrace the responsibility of nation-building and laying a foundation for stronger communities.”

ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, and SBI Capital Markets Limited are the Book Running Lead Managers to the Offer.

All capitalized terms referred to in this press release that have not been defined shall have the same meaning as prescribed in the RHP.

This Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations, as amended. The Offer is being made by Regulation 6(1) of the SEBI ICDR Regulations and through a Book Building Process wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”). Our Company may, in consultation with the Book Running Lead Managers, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis by the SEBI ICDR Regulations (“Anchor Investor Portion”), out of which at least one-third shall be available for allocation to domestic Mutual Funds only, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion, i.e., the “Net QIB Portion)”.

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders other than Anchor Investors, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders such that: (a) one-third of the portion available to Non-Institutional Bidders, shall be reserved for applicants with an application size of more than ₹0.2 million and up to ₹1 million and (b) two-thirds of the portion available to Non-Institutional Bidders, shall be reserved for applicants with application size of more than ₹1 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders, subject to valid Bids being received at or above the Offer Price and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) by SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

All Bidders, other than Anchor Investors, are required to mandatorily utilize the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders) which will be blocked by the SCSBs or the Sponsor Banks as applicable, to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.

Disclaimer:

Aadhar Housing Finance Limited is proposing, subject to receipt of requisite approvals, market conditions, and other considerations, an initial public offering of its equity shares (“Equity Shares”) and has filed the red herring prospectus dated April 30, 2024 (the “RHP”) with the RoC. The RHP is available on the website of SEBI at www.sebi.gov.in, the website of stock exchanges i.e., NSE at www.nseindia.com, BSE at www.bseindia.com, on the website of the Company at https://aadharhousing.com/ and on the websites of the BRLMs, i.e. ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited and SBI Capital Markets Limited at www.icicisecurities.com, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, https://investmentbank.kotak.com, www.nomuraholdings.com/company/group/asia/india/index.html, and www.sbicaps.com, respectively. Any potential investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP, including the section titled “Risk Factors” beginning on page 24 of the RHP. Potential investors should not rely on the DRHP for making any investment decisions. Specific attention of the investors is invited to “Risk Factors” on page 24 of the RHP. This announcement is not an offer of securities for sale in the United States or elsewhere. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. The Equity Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States, except under an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. Accordingly, the Equity Shares are only being offered and sold (a) within the United States solely to persons who are reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from or not subject to the registration requirements of the U.S. Securities Act, and (b) outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur.

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The IPO comprises an offer for sale of up to 46,275,000 equity shares by Tata Motors Limited, up to 9,716,853 equity shares by Alpha TC Holdings Pte. Ltd., and up to 4,858,425 equity shares by Tata Capital Growth Fund I. Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.

The anchor investor bidding date is set for November 21, 2023, one working day prior to the bid/offer opening date. The company’s equity shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any other applicable law of the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

Potential investors should note that investment in equity shares involves a high degree of risk, and for details relating to such risk, please see the section entitled ‘Risk Factors’ on page 34 of the red herring prospectus (RHP). The RHP is available on the website of the Securities and Exchange Board of India (SEBI), the websites of the stock exchanges, and the website of the company.

In compliance with applicable laws, bids may not be made by persons in any jurisdiction outside India. The IPO is not an offer of securities for sale in the United States, and there will be no public offering of these securities in the United States.

Tata Technologies Limited is a global engineering and product development digital services company. The company’s IPO is subject to the receipt of requisite approvals, market conditions, and other considerations. Potential investors are advised to carefully review the RHP and consult with their financial advisors before making any investment decisions.

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The public issue attracted bids for 31,62,48,800 equity shares against the total available offering of 11,23,200 shares, indicating the overwhelming response from investors. The total IPO size amounts to an impressive Rs 30.48 crores, comprising a fresh issue of 12,60,800 equity shares, totaling 21.55 crores, and an offer for sale (OFS) of 5,21,600 shares.

Digikore’s IPO price band had been set at Rs 168 to Rs 171 per share, with a manageable IPO lot size of 800 shares. The company is poised to move swiftly in the post-IPO process, with plans to finalize the basis of allotment on September 29, and refunds will be processed on October 3.

Leading the IPO process is Sarthi Capital Advisors Private Limited as the book-running lead manager, with Bigshare Services Private Limited serving as the IPO registrar. Notably, Digikore’s IPO received an overwhelming welcome from anchor investors, who committed Rs 8.22 crores on September 22, 2023, setting the stage for a successful offering.

Digikore’s innovative contributions to the world of Animation and Visual Effects (VFX) have been recognized by prominent industry stalwarts, including Nikhil Vora, Vijay Khetan, Mrinal Singh, Pramod Kasat, and more. The company had also successfully concluded a pre-IPO funding round, attracting investments from these notable investors.

Founded in the year 2000, Digikore Studios Limited offers a wide array of visual effects services, catering to various mediums, including films, web series, TV series, documentaries, and commercials.

Digikore’s IPO has set a new record, receiving an overwhelming response from investors, underscoring the strong investor appetite for Digikore’s shares. The company is poised to move swiftly in the post-IPO process, with plans to finalize the basis of allotment on September 29, and refunds will be processed on October 3.

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The price band for the IPO has been fixed at INR 280 to INR 300 per equity share of face value INR 10 each. Bids can be made for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter. The Anchor Investor Bidding Date shall be Friday, September 22, 2023.

The Red Herring Prospectus (RHP) will be available on the website of Securities and Exchange Board of India (SEBI) at www.sebi.gov.in and on the websites of the book running lead managers (BRLMs), IIFL Securities Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited at www.iiflcap.com, www.motilaloswalgroup.com, and www.sbicaps.com, respectively. The RHP will also be available on the websites of BSE and NSE at www.bseindia.com and www.nseindia.com, respectively.

All bidders, other than the Anchor Investors, are required to participate in the IPO only through an Application Supported by Blocked Amount (ASBA) process by providing details of their respective ASBA Account and UPI ID in case of UPI Bidders, pursuant to which their corresponding Bid Amounts will be blocked by the Self Certified Syndicate Banks (SCSBs) or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

IIFL Securities Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited are the book-running lead managers (BRLMs) to the Offer.

Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” on page 34 of the RHP. Potential investors should not rely on the Draft Red Herring Prospectus for making any investment decision instead should rely on RHP.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold only outside the United States in ‘offshore transactions’ as defined in, and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offers and sales are made.

Disclaimer Clause of SEBI: SEBI only gives its observations on the offer documents and this does not constitute approval of either the Offer or the specified securities stated in the Offer Document. The investors are advised to refer to page 491 of the RHP for the full text of the Disclaimer Clause of SEBI.

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE.

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ASUS has surpassed the latest innovations across segments by launching some of the iconic and stellar products in the Consumer Notebook and Gaming segments. From ThinCredible to PlayAllYourGames, these notable product launch campaigns have gained wide popularity among the masses recently. With this growth trajectory, ASUS has been one of the strong leaders in the gaming segment as well and is addressing the latest needs of customers with the innovative ROG laptop series.

Arnold Su, Vice President, Consumer & Gaming PC, System Business Group, ASUS India, said, “We are thrilled to capture the No. 2 position in the consumer notebook category in India for two consecutive quarters. It would not have been possible without the team’s efforts; each member has contributed to this benchmark and helped us remain consistent with our business growth. With this recognition, we are dedicatedly working towards our mission and hoping to capture the No.1 position in the upcoming quarters.“

ASUS laptops feature purposeful innovations designed to enhance the user experience while also reducing their environmental impact, creating a more sustainable future for everyone. In 2023, over 90% of ASUS consumer laptops are meeting EPEAT and ENERGY STAR (r) 8.0 standards, showcasing the brand’s commitment to delivering more on sustainability.

ASUS is a multinational company known for the world’s best motherboards, PCs, monitors, graphics cards, and routers. Along with an expanding range of superior gaming, content-creation, and AIoT solutions, ASUS leads the industry through cutting-edge design and innovations made to create the most ubiquitous, intelligent, heartfelt, and joyful smart life for everyone. With a global workforce that includes more than 5,000 R&D professionals, ASUS is driven to become the world’s most admired innovative leading technology enterprise. Inspired by In Search of Incredible brand spirit, ASUS won more than 11 awards every day in 2019 and ranks as one of Forbes’ World’s Best Regarded Companies and Fortune’s World’s Most Admired Companies.

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