DECEMBER 20258SWIGGY GETS SHAREHOLDER NOD TO RAISE 10,000 CR VIA QIPZF ADAS WIN ACCELERATES INDIA'S EV SAFETY AND AUTOMATION DRIVESwiggy, a food and grocery delivery service, announced on Monday that it has received approval from its shareholders to raise up to Rs 10,000 crore through a qualified institutional placement (QIP). During the company's first extraordinary general meeting for the current fiscal year (FY26), the shareholders approved video conference fundraising through a special resolution. A stock exchange filing stated, "We would like to advise that the resolution as outlined in the notification of November 14, 2025, was passed by the shareholders with the requisite majority." According to the voting analysis, only 0.52 percent of voters opposed the resolution ZF Commercial Vehicle Control Systems India Limited has secured a major nomination to engineer and calibrate an ZF ADAS suite for a top Indian electric commercial vehicle maker. The system is already approved by ARAI, confirming full compliance with the upcoming GSR 184e safety rules.Built for scale, the platform supports SAE Level 2 fea-tures and is designed to grow toward higher automation for global markets. It is engineered to handle India's com-plex road conditions and will be deployed across coaches, heavy-duty trucks, and tractor-trailer platforms.Akash Passey, Chairman (Non-Executive Director), ZF Commercial Vehicle Control Systems India Limited, stated "ZF Group is committed to advancing safety and authorizing capital raising through QIP, with 99.47 percent of votes in favor.Last month, the board of the company approved a plan to raise funds through the QIP method. It is important to note that QIP serves as a mechanism for listed companies to obtain capital from qualified institutional buyers, including mutual funds and insurance firms.This process involves the issuance of new shares. In this instance, Swiggy is seeking to raise funds to enhance its quick commerce (qcom) operations while also fortifying its balance sheet.The company is engaging in fundraising at a moment when competition in the instant-grocery sector is intensifying, with competitors eager to secure capital and broaden their operations.Notably, Zepto has recently declared the completion of a funding round amounting to approximately $450 million, achieving a valuation of $7 billion. Furthermore, it has transitioned into a public entity in anticipation of its debut on the D-street next year to access public markets.Additionally, Blinkit, which aims to establish 3,000 dark stores by March 2027, has received an investment of Rs 600 crore from its parent company Eternal, while Innovative Retail, the consumer-facing division of BigBasket, has obtained Rs 200 crore in debt financing from DBS Bank. sustainability through solutions designed for India's ADAS regulatory landscape...transition to enhanced safety and automation."Paramjit Singh Chadha, Managing Director, ZF Commercial Vehicle Control Systems India Limited, added "Our ADAS portfolio is developed to improve safety, support fatigue reduction, and assist better vehicle operation. By making advanced safety technologies intuitive and accessible, we aim to empower drivers with improved confidence, comfort, and control."ZF's ADAS solution has undergone extensive real-world validation, demonstrating consistent performance across varied driving conditions. With over 300,000 kilometers tested on Indian terrains and an additional 65,000 kilometers evaluated in collaboration with OEM partners, the system has been refined to withstand the demand of commercial mobility environments.Backed by more than 300,000 kilometers of tests on Indian terrains and 65,000 kilometers with OEM partners, the ZF ADAS system has proven its durability and accuracy. It meets key AIS safety standards for emergency braking, fatigue monitoring, blind spot detection, cyclist and pedestrian alerts, and lane departure warnings.Powered by OnGuardMAX and short-range radar, the platform delivers 16 advanced assistance features that strengthen safety and support the commercial mobility shift underway across India. TOP STORIESTOP STORIESTOP STORIES
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