INDIGO , POLYCAB ; Sell flows on PMS desk , Dealers expect block deal very soon in both the names - Ndtv PROFIT π΄π΄
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NETWEB TECH ; QIP opened today; Strong demand , Chunk of Fll and domestic investors participated - NDTV PROFIT π’π’
Largely all long-only funds have shown interest
Largely all long-only funds have shown interest
JANA SFB ; Buy flows on large HNI and PMS desk , Dealers expect some positive newsflow
Buzz of block deal also; TPG likely to sell - NDTV PROFIT
Buzz of block deal also; TPG likely to sell - NDTV PROFIT
SPAR AUTO ; QIP opened today, Demand driven by domestic funds only - NDTV PROFIT π’
GODREJ CONSUMER; Dealers expect new CEO name to be announced soon - NDTV PROFIT π’π’
TATA SONS AGM
Tata Sons Chairman N Chandrasekaran, director Anita George at Bombay House to attend AGM
Noel Tata and other directors have joined meeting virtually
Tata Sons Chairman N Chandrasekaran, director Anita George at Bombay House to attend AGM
Noel Tata and other directors have joined meeting virtually
SAMMAAN CAPITAL: Co says There Are No Allegations Against Sammaan Capital
SC Asked CBI To Probe Allegations Vs Ex-Promoter
SC Asked CBI To Probe Allegations Vs Ex-Promoter
SAMMAAN CAPITAL Ceo Says Co Has Got Complete Clean Chit From All Agencies
TATA SONS AGM
Tata Sons Chairman N Chandrasekaran, director Anita George at Bombay House to attend AGM
Noel Tata and other directors have joined meeting virtually
Tata Sons Chairman N Chandrasekaran, director Anita George at Bombay House to attend AGM
Noel Tata and other directors have joined meeting virtually
GAS STOCKS ; GOVERNMENT ALLOCATES MORE CHEAPER APM GAS FOR DOMESTIC PNG
β½ Eligible City Gas Distributors (CGDs) to get additional 200 SCM of lower-priced APM natural gas for every incremental billed domestic PNG connection.
π New allocation will be effective from September 1, 2026.
π° Move aims to reduce dependence on costlier LNG and help CGDs offset elevated sourcing costs.
π Government aims to accelerate adoption of domestic piped natural gas (PNG).
π’ Impact: Positive for City Gas Distribution companies β potential reduction in gas sourcing costs and support for margins.
β½ Eligible City Gas Distributors (CGDs) to get additional 200 SCM of lower-priced APM natural gas for every incremental billed domestic PNG connection.
π New allocation will be effective from September 1, 2026.
π° Move aims to reduce dependence on costlier LNG and help CGDs offset elevated sourcing costs.
π Government aims to accelerate adoption of domestic piped natural gas (PNG).
π’ Impact: Positive for City Gas Distribution companies β potential reduction in gas sourcing costs and support for margins.
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SYRMA SGS FORMS JV WITH KAGA ELECTRONICS
π€ Incorporated Syrma Kaga Electronics Pvt Ltd (SKEPL) jointly with Kaga Electronics India.
π Syrma SGS will hold 60% stake, while Kaga Electronics India will hold 40%.
π° Syrma to invest βΉ60 lakh by subscribing to 6 lakh shares at βΉ10 each.
π JV will manufacture PCBs, semiconductors and other electronic components for various applications.
π’ Impact: Positive β expands electronics manufacturing capabilities through strategic JV.
π€ Incorporated Syrma Kaga Electronics Pvt Ltd (SKEPL) jointly with Kaga Electronics India.
π Syrma SGS will hold 60% stake, while Kaga Electronics India will hold 40%.
π° Syrma to invest βΉ60 lakh by subscribing to 6 lakh shares at βΉ10 each.
π JV will manufacture PCBs, semiconductors and other electronic components for various applications.
π’ Impact: Positive β expands electronics manufacturing capabilities through strategic JV.
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UAE's Defense Ministry detected two ballistic missiles launched from Iran.
MACQUARIE ON L&T FINANCE
OUTPERFORM | Target: βΉ400 | Initiates Coverage
Macquarie names L&T Finance its top pick in the NBFC space.
Stock trades at a 35β50% valuation discount to larger peers, offering scope for convergence.
Expects AUM CAGR of ~23% over FY26β28E.
Forecasts strong EPS CAGR of ~28% over the next 3 years.
RoA expected to expand ~40 bps to 2.7% by FY28E.
RoA improvement to be driven by credit-cost normalisation, ARC book wind-down & operating leverage.
Key catalysts: improving returns and strong EPS growth.
OUTPERFORM | Target: βΉ400 | Initiates Coverage
Macquarie names L&T Finance its top pick in the NBFC space.
Stock trades at a 35β50% valuation discount to larger peers, offering scope for convergence.
Expects AUM CAGR of ~23% over FY26β28E.
Forecasts strong EPS CAGR of ~28% over the next 3 years.
RoA expected to expand ~40 bps to 2.7% by FY28E.
RoA improvement to be driven by credit-cost normalisation, ARC book wind-down & operating leverage.
Key catalysts: improving returns and strong EPS growth.
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AUTHUM INVESTMENT TO INVEST βΉ101.63 CR IN SUBSIDIARY ISARC VIA RIGHTS ISSUE
π¦ Authum has agreed to subscribe to 40.65 Cr equity shares of its subsidiary India SME Asset Reconstruction Company (ISARC).
π΅ Shares offered at βΉ10 each, with 25% payable upfront (βΉ2.50/share) β initial investment of approximately βΉ101.63 Cr.
π Authum currently holds 88.37% stake in ISARC.
π― Capital infusion will help ISARC meet its capital requirements for general business operations.
π€ Transaction is a related-party transaction and is being undertaken at armβs length.
π’ Impact: Positive β strengthens capital base of the ARC subsidiary and supports business operations.
π¦ Authum has agreed to subscribe to 40.65 Cr equity shares of its subsidiary India SME Asset Reconstruction Company (ISARC).
π΅ Shares offered at βΉ10 each, with 25% payable upfront (βΉ2.50/share) β initial investment of approximately βΉ101.63 Cr.
π Authum currently holds 88.37% stake in ISARC.
π― Capital infusion will help ISARC meet its capital requirements for general business operations.
π€ Transaction is a related-party transaction and is being undertaken at armβs length.
π’ Impact: Positive β strengthens capital base of the ARC subsidiary and supports business operations.
CG POWER REPORTS SUSPECTED CYBER INCIDENT
π» Suspected cyber event detected on the companyβs IT systems.
β Core systems and business operations remain unaffected.
π‘οΈ External and internal cybersecurity experts engaged for investigation, remediation and mitigation.
π’ Company has notified CERT-In about the incident.
π‘ Impact: Neutral to Slightly Negative β no operational disruption reported so far.
π» Suspected cyber event detected on the companyβs IT systems.
β Core systems and business operations remain unaffected.
π‘οΈ External and internal cybersecurity experts engaged for investigation, remediation and mitigation.
π’ Company has notified CERT-In about the incident.
π‘ Impact: Neutral to Slightly Negative β no operational disruption reported so far.
ASTER DM : Centella Mauritius Holdings (TPG) Likely To Sell 7.2% Equity Via Block Deal - CNBC-TV18
Floor Price For The Deal Is Set At 766.1/Sh, May Offer Discount Of Up To 6.3% ΀ο CMP
Sellers' Residual Holding Subject ΀ο A 60-day Lock-in
Alert - TPG Held 9.9% Stake At The End Of Q1
Floor Price For The Deal Is Set At 766.1/Sh, May Offer Discount Of Up To 6.3% ΀ο CMP
Sellers' Residual Holding Subject ΀ο A 60-day Lock-in
Alert - TPG Held 9.9% Stake At The End Of Q1
EMS LIMITED: EMERGES HIGHEST BIDDER FOR 2 NHAI ORDERS WORTH βΉ42.12 CR
π Company received H-1 bidder status for 2 NHAI user-fee collection contracts.
π° Combined order value is approximately βΉ42.12 Cr, excluding TCS.
π Projects cover Rangamatia Fee Plaza in Assam and Bartana Fee Plaza in Haryana.
β³ Both contracts have an execution period of 1 year.
π’ Impact: Positive β new NHAI orders strengthen the company's order book.
π Company received H-1 bidder status for 2 NHAI user-fee collection contracts.
π° Combined order value is approximately βΉ42.12 Cr, excluding TCS.
π Projects cover Rangamatia Fee Plaza in Assam and Bartana Fee Plaza in Haryana.
β³ Both contracts have an execution period of 1 year.
π’ Impact: Positive β new NHAI orders strengthen the company's order book.
PC JEWELLER REPAYS DEBT OF 8 OUT OF 14 CONSORTIUM BANKS π°
π¦ PC Jeweller has fully cleared outstanding debt of 8 out of 14 consortium banks, with repayments completed ahead of schedule.
π Company has also discharged over 96% of outstanding debt relating to the remaining 6 banks.
π³ Less than 4% of outstanding debt remains to be repaid.
π― Company remains on track to become debt-free during the current quarter.
πͺ Debt reduction is expected to materially strengthen the balance sheet and financial position.
π’ Impact: Positive β near-complete debt repayment significantly improves financial leverage.
π¦ PC Jeweller has fully cleared outstanding debt of 8 out of 14 consortium banks, with repayments completed ahead of schedule.
π Company has also discharged over 96% of outstanding debt relating to the remaining 6 banks.
π³ Less than 4% of outstanding debt remains to be repaid.
π― Company remains on track to become debt-free during the current quarter.
πͺ Debt reduction is expected to materially strengthen the balance sheet and financial position.
π’ Impact: Positive β near-complete debt repayment significantly improves financial leverage.
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