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BL Morning report: October 7, 2025
BusinessLine· 2025-10-07 01:00
Group 1: WeWork IPO - WeWork India's IPO has seen a muted demand with only 13% subscription on the second day [1] - The IPO is priced between ₹615 and ₹648 per share and is entirely an offer for sale, with no proceeds going to the company [1] - Anchor investors have committed ₹1,348 crore ahead of the IPO, but brokerages express caution due to high valuations and fixed costs despite the strong brand and profitability [1] Group 2: Eli Lilly Investment - Eli Lilly and Company plans to invest over $1 billion in a new contract manufacturing facility in Hyderabad, India [2] - The new hub will enhance Lilly's manufacturing network with advanced technical and quality capabilities, and hiring has already begun [2] - This investment reflects Lilly's global expansion strategy and confidence in India's talent and infrastructure, with over $55 billion committed to global facilities since 2020 [2] Group 3: Cough Syrup Investigation - A Special Investigation Team (SIT) has been formed to investigate the deaths of 14 children in Chhindwara, linked to a toxic cough syrup [3] - The cough syrup, manufactured in Tamil Nadu, has been banned by the state, and a wider investigation is underway [3] - The syrup was found to contain diethylene glycol, prompting nationwide scrutiny of similar drugs [3]