ITC Hotels sees Rs 3,856 Cr block deal; Biocon, ICICI Bank, HFCL, Zen Tech in focus

• Eternal: An institutional investor is likely to sell a 0.5% stake for up to Rs 1,500 crore via a block deal.
• Biocon: Plans full integration of Biocon Biologics; subsidiary received US FDA approval for a Parkinson's disease drug.
• ICICI Bank: Its subsidiary, ICICI Prudential AMC, filed for a Rs 10,603-crore IPO, with subscriptions open from December 12-16.
• ITC Hotels: British American Tobacco affiliates sold a 9% stake for Rs 3,856 crore; HCL Capital acquired nearly 7%.
• Zen Technologies: Received a Rs 120 crore contract from the Ministry of Defence to set up India’s first Combat Training Node.

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