*IPO: Bain Capital-Backed Emcure Pharmaceuticals Looks To List*
Pune-based Emcure Pharmaceuticals Ltd. filed its draft red herring prospectus with the Securities and Exchanges Board of India on Thursday. The company is looking to raise Rs 1,100 crore through a fresh issue of equity shares and also conduct an offer for sale of 1.82 crore shares owned by promoters, promoter group and other investors.
The selling shareholders include: Promoters Satish Mehta and Sunil Mehta who cumulatively own 48.05% stake in the company Family members of the promoters who own 33.55% stake BC Investments IV Ltd, an affiliate of Bain Capital, which owns 13.09% Other investors who own 4.23%
In the offer for sale, the promoters are looking to sell up to 22.8 lakh equity shares, the promoter group is looking to sell up to 37.35 lakh shares, BC Investments is looking to sell up to 99.5 lakh shares and other shareholders will look to sell 22 lakh shares.
The selling shareholders may also undertake a pre-IPO placement worth Rs 200 crore before filing the red herring prospectus, the DRHP said. Merchant bankers to the IPO include BoB Capital, Axis Capital, BofA Securities, Credit Suisse and JM Financial.
Emcure develops, manufactures and markets a broad range of pharmaceutical products - formulations, biologics, APIs - across major therapeutic areas including gynaecology, cardiology, blood-related, oncology, respiratory, CNS and HIV.
At least Rs 947.6 crore from the proceeds of the offer will be used to repay either full or a part of Emcure Pharma's borrowings, according to the DRHP. As of March 31, the company's total outstanding borrowings were at Rs 1,712 crore
Emcure Pharma's lenders include Export Import Bank of India, Aditya Birla Finance, Tata Capital, Shinhan Bank, Bajaj Finance, Bank of Maharashtra and Bank of Baroda.
*As of March 31, the company reported a consolidated net profit of Rs 419 crore, up over four times from Rs 101 crore reported a year ago. Consolidated total income for FY21 stood at Rs 6,092 crore, up 19% year-on-year*
Pune-based Emcure Pharmaceuticals Ltd. filed its draft red herring prospectus with the Securities and Exchanges Board of India on Thursday. The company is looking to raise Rs 1,100 crore through a fresh issue of equity shares and also conduct an offer for sale of 1.82 crore shares owned by promoters, promoter group and other investors.
The selling shareholders include: Promoters Satish Mehta and Sunil Mehta who cumulatively own 48.05% stake in the company Family members of the promoters who own 33.55% stake BC Investments IV Ltd, an affiliate of Bain Capital, which owns 13.09% Other investors who own 4.23%
In the offer for sale, the promoters are looking to sell up to 22.8 lakh equity shares, the promoter group is looking to sell up to 37.35 lakh shares, BC Investments is looking to sell up to 99.5 lakh shares and other shareholders will look to sell 22 lakh shares.
The selling shareholders may also undertake a pre-IPO placement worth Rs 200 crore before filing the red herring prospectus, the DRHP said. Merchant bankers to the IPO include BoB Capital, Axis Capital, BofA Securities, Credit Suisse and JM Financial.
Emcure develops, manufactures and markets a broad range of pharmaceutical products - formulations, biologics, APIs - across major therapeutic areas including gynaecology, cardiology, blood-related, oncology, respiratory, CNS and HIV.
At least Rs 947.6 crore from the proceeds of the offer will be used to repay either full or a part of Emcure Pharma's borrowings, according to the DRHP. As of March 31, the company's total outstanding borrowings were at Rs 1,712 crore
Emcure Pharma's lenders include Export Import Bank of India, Aditya Birla Finance, Tata Capital, Shinhan Bank, Bajaj Finance, Bank of Maharashtra and Bank of Baroda.
*As of March 31, the company reported a consolidated net profit of Rs 419 crore, up over four times from Rs 101 crore reported a year ago. Consolidated total income for FY21 stood at Rs 6,092 crore, up 19% year-on-year*
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From the Business Media - 23 August 2021
Economic Times
Ø Karnataka Bank plans to raise Rs 6,000 cr via debt
Ø FPIs invest Rs 5,001 cr in Indian equities so far in August
Ø Three insurance-related firms to raise Rs 10,000 cr through IPOs
Ø Nirmala Sitharaman to launch National Monetisation Pipeline on Aug 23
Ø FM Nirmala Sitharaman launches new fund for MSMEs
Ø Post LIC IPO, 60% of insurance biz to be with listed entities: FinMin official
Ø 483 infra projects show cost overruns of Rs 4.43 lakh crore
Ø Vi lenders demand additional collateral on existing loans
Ø NABARD's loans rise 25.2 per cent to reach Rs 6 lakh crore in FY21
Ø Kamdhenu Group plans Rs 200 crore investment to expand paints biz; aims Rs 1000-crore revenue in 5 years
Ø Greenply Industries expects WFH to have positive impact on branded plywood manufacturers
Business Standard
Ø Pharma companies lead topline growth in Q1FY22: ICICI Direct Research
Ø GAIL to foray into hydrogen generation, scale up its renewable portfolio
Ø Major tariff hikes by telcos unlikely in the short-run: Analyst
Ø Tata Realty to invest Rs 4,000 cr in residential, commercial projects
Ø ONGC offers 43 of its fields to operators for enhancing production
Ø $17.2 bn infused in Indian startups by VC firms during Jan-July: Report
Ø Trai suggests to create separate authorisation for access network provider
Ø Power ministry circulates draft rules on clean energy, seeks comments
Ø Railways suffered Rs 36,000 cr loss during pandemic: Raosaheb Danve
Ø Jet Airways staff unions challenge resolution plan, file appeal in NCLAT
Financial Express
Ø India's exposure to US securities jumps over $20 bn in 3 months; touches $220.2 bn in June
Ø Footwear retailer Metro Brands files IPO papers with Sebi
Ø Sebi keeps Adani Wilmar’s Rs 4,500-cr IPO in abeyance.
Ø Sebi extends deadline for public comments on swing pricing mechanism proposal for MFs
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Pizza Hut ties up with HUL to add Kwality Wall's ice cream, desserts in menu
Ø Zomato invests over $100 million in Grofers
Ø Sterlite Power Transmission files IPO papers with SEBI; Anil Agarwal-led firm looks to raise Rs 1,250-cr
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø Cooking gas LPG price hiked by Rs 25 per cylinder
Mint
Ø Rural consumption strong in Q1 despite blow from covid 2.0
Ø RBI penalty may deter banks from installing more ATMs
Ø Recapitalization, demand revival to be key for SpiceJet
Ø Karvy Stock Broking Chairman C Parthasarathy held for bank loan default case
Ø L&T Infotech to offer jobs to 4,500 freshers in FY22 amid high attrition
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø HAL signs ₹5,375 cr contract with US firm for engines to power Tejas jets
Ø Sugar rally could help India to export 6 mn tonnes without subsidy
Ø Infosys chief summoned by FinMin, asked to explain tax portal glitches
Ø The IPO charm is waning; revival hinges on lowering expectations.
Economic Times
Ø Karnataka Bank plans to raise Rs 6,000 cr via debt
Ø FPIs invest Rs 5,001 cr in Indian equities so far in August
Ø Three insurance-related firms to raise Rs 10,000 cr through IPOs
Ø Nirmala Sitharaman to launch National Monetisation Pipeline on Aug 23
Ø FM Nirmala Sitharaman launches new fund for MSMEs
Ø Post LIC IPO, 60% of insurance biz to be with listed entities: FinMin official
Ø 483 infra projects show cost overruns of Rs 4.43 lakh crore
Ø Vi lenders demand additional collateral on existing loans
Ø NABARD's loans rise 25.2 per cent to reach Rs 6 lakh crore in FY21
Ø Kamdhenu Group plans Rs 200 crore investment to expand paints biz; aims Rs 1000-crore revenue in 5 years
Ø Greenply Industries expects WFH to have positive impact on branded plywood manufacturers
Business Standard
Ø Pharma companies lead topline growth in Q1FY22: ICICI Direct Research
Ø GAIL to foray into hydrogen generation, scale up its renewable portfolio
Ø Major tariff hikes by telcos unlikely in the short-run: Analyst
Ø Tata Realty to invest Rs 4,000 cr in residential, commercial projects
Ø ONGC offers 43 of its fields to operators for enhancing production
Ø $17.2 bn infused in Indian startups by VC firms during Jan-July: Report
Ø Trai suggests to create separate authorisation for access network provider
Ø Power ministry circulates draft rules on clean energy, seeks comments
Ø Railways suffered Rs 36,000 cr loss during pandemic: Raosaheb Danve
Ø Jet Airways staff unions challenge resolution plan, file appeal in NCLAT
Financial Express
Ø India's exposure to US securities jumps over $20 bn in 3 months; touches $220.2 bn in June
Ø Footwear retailer Metro Brands files IPO papers with Sebi
Ø Sebi keeps Adani Wilmar’s Rs 4,500-cr IPO in abeyance.
Ø Sebi extends deadline for public comments on swing pricing mechanism proposal for MFs
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Pizza Hut ties up with HUL to add Kwality Wall's ice cream, desserts in menu
Ø Zomato invests over $100 million in Grofers
Ø Sterlite Power Transmission files IPO papers with SEBI; Anil Agarwal-led firm looks to raise Rs 1,250-cr
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø Cooking gas LPG price hiked by Rs 25 per cylinder
Mint
Ø Rural consumption strong in Q1 despite blow from covid 2.0
Ø RBI penalty may deter banks from installing more ATMs
Ø Recapitalization, demand revival to be key for SpiceJet
Ø Karvy Stock Broking Chairman C Parthasarathy held for bank loan default case
Ø L&T Infotech to offer jobs to 4,500 freshers in FY22 amid high attrition
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø HAL signs ₹5,375 cr contract with US firm for engines to power Tejas jets
Ø Sugar rally could help India to export 6 mn tonnes without subsidy
Ø Infosys chief summoned by FinMin, asked to explain tax portal glitches
Ø The IPO charm is waning; revival hinges on lowering expectations.
FM Nirmala Sitharaman to launch national infrastructure monetization plan on August 23
https://www.moneycontrol.com/news/business/fm-nirmala-sitharaman-to-launch-national-monetisation-pipeline-on-august-23-7277661.html
Download moneycontrol app: http://m.moneycontrol.com/mom
https://www.moneycontrol.com/news/business/fm-nirmala-sitharaman-to-launch-national-monetisation-pipeline-on-august-23-7277661.html
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Moneycontrol
FM Nirmala Sitharaman To Launch National Infrastructure Monetization Plan On August 23
Apart from providing visibility to investors, the NMP will also serve as a medium-term roadmap for the asset monetisation initiative of the union government.
*🔹Mkt. Updates :*
*SGX Nifty +135 pts (16555) from last trade 16420 ,*
Nikkei +342 pts ,
Hangseng +320 pts ,
Now @6.52am .
Dow +225.96 pts ,Nsdq +172.88 pts, S&P
+35.87 pts, Bovespa +888 pts , Ftse +29 pts , Dax +42 pts , Cac +20 pts , Crude @ $62.61 brl (+0.46), Brent @ $65.74 brl (+0.56) , Gold @ 1780.40 (-3.50), Silver @ $22.99 (-0.11), Euro @ $1.1702, JPY @ $109.90, INR @ 74.345
*🔹US GOVT. 10-YEAR YIELD : 1.27%*
*Today's Corporate Action, 23rd Aug Ex Date :*
ASTRAL
Final Dividend - Rs. - 1.0000
BALAJITELE
Final Dividend - Rs. - 0.2000
BENGALT
Final Dividend - Rs. - 1.0000
CHAMBLFERT
Final Dividend - Rs. - 4.5000
DLF
Dividend - Rs. - 2.0000
GLOSTERLTD
Dividend - Rs. - 25.0000
INDIAMART
Final Dividend - Rs. - 15.0000
KAIRA
Final Dividend - Rs. - 10.0000
RUPA
Dividend - Rs. - 3.0000
RUPA
Special Dividend - Rs. - 2.0000
SHREYANIND
Dividend - Rs. - 3.0000
SUNPHARMA
Final Dividend - Rs. - 2.0000
SUNTV
Interim Dividend - Rs. - 3.7500
SWASTIVI
Bonus issue 2:7
*Today's Key Results / Board Meetings, 23-Aug-21 :*
ARNOLD
A.G.M.
BAROEXT
A.G.M.
CANBK
General
ECOBOAR
General
INDHOTEL
General
KAMAHOLD
Interim Dividend
MANGIND
A.G.M.;General
MEGASTAR
A.G.M.;General;Preferential Issue of shares
NATURAL
General
NETLINK
General
PBAINFRA
General
PURITY
A.G.M.;General
SACHEMT
A.G.M.;Dividend
SBFL
A.G.M.
SCTL
General
STARLENT
A.G.M.;Final Dividend
STDSFAC
General
WAA
A.G.M.
*SEC IN F&O BAN FOR, 23-Aug-21 :*
*1. CANBK 2. NATIONALUM 3. NMDC 4. PNB 5. SUNTV 6. VEDL*
*SGX Nifty +135 pts (16555) from last trade 16420 ,*
Nikkei +342 pts ,
Hangseng +320 pts ,
Now @6.52am .
Dow +225.96 pts ,Nsdq +172.88 pts, S&P
+35.87 pts, Bovespa +888 pts , Ftse +29 pts , Dax +42 pts , Cac +20 pts , Crude @ $62.61 brl (+0.46), Brent @ $65.74 brl (+0.56) , Gold @ 1780.40 (-3.50), Silver @ $22.99 (-0.11), Euro @ $1.1702, JPY @ $109.90, INR @ 74.345
*🔹US GOVT. 10-YEAR YIELD : 1.27%*
*Today's Corporate Action, 23rd Aug Ex Date :*
ASTRAL
Final Dividend - Rs. - 1.0000
BALAJITELE
Final Dividend - Rs. - 0.2000
BENGALT
Final Dividend - Rs. - 1.0000
CHAMBLFERT
Final Dividend - Rs. - 4.5000
DLF
Dividend - Rs. - 2.0000
GLOSTERLTD
Dividend - Rs. - 25.0000
INDIAMART
Final Dividend - Rs. - 15.0000
KAIRA
Final Dividend - Rs. - 10.0000
RUPA
Dividend - Rs. - 3.0000
RUPA
Special Dividend - Rs. - 2.0000
SHREYANIND
Dividend - Rs. - 3.0000
SUNPHARMA
Final Dividend - Rs. - 2.0000
SUNTV
Interim Dividend - Rs. - 3.7500
SWASTIVI
Bonus issue 2:7
*Today's Key Results / Board Meetings, 23-Aug-21 :*
ARNOLD
A.G.M.
BAROEXT
A.G.M.
CANBK
General
ECOBOAR
General
INDHOTEL
General
KAMAHOLD
Interim Dividend
MANGIND
A.G.M.;General
MEGASTAR
A.G.M.;General;Preferential Issue of shares
NATURAL
General
NETLINK
General
PBAINFRA
General
PURITY
A.G.M.;General
SACHEMT
A.G.M.;Dividend
SBFL
A.G.M.
SCTL
General
STARLENT
A.G.M.;Final Dividend
STDSFAC
General
WAA
A.G.M.
*SEC IN F&O BAN FOR, 23-Aug-21 :*
*1. CANBK 2. NATIONALUM 3. NMDC 4. PNB 5. SUNTV 6. VEDL*
*Bulk Deal & Insider Trade Update*
*Bulk Deals*
❇️Cartrade Tech Limited : Goldman Sachs Trust Goldman Sacs Brics Fund Buy 960042 Shares @ Rs. 1563.43
❇️Shilpa Medicare Ltd : Tano Mauritius India Fvci Ii Sell 1979605 Shares @ Rs. 520
❇️Cartrade Tech Limited : Jupiter India Fund Buy 389446 Shares @ Rs. 1575.55
❇️Shilpa Medicare Ltd : Cohesion Mk Best Ideas Sub-Trust Buy 700000 Shares @ Rs. 520
❇️Karda Constructions Ltd : Elara India Opportunities Fund Limited Buy 2800000 Shares @ Rs. 22.45
❇️Exxaro Tiles Limited : Societe Generale Sell 250000 Shares @ Rs. 121.76
❇️Vertoz Advertising Ltd : Tcg Funds Fund 1 A/C Tcg Funds Fund 1 Sell 89590 Shares @ Rs. 115
❇️Aavas : Partners Group Escl Ltd Sell 2372060 Shares @ Rs. 2453.62
❇️Aavas : Partners Group Private Equity (Master Fund),Llc Sell 1040976 Shares @ Rs. 2453.28
❇️Aavas : Government Of Singapore Buy 771124 Shares @ Rs. 2452.5
❇️Aavas : Hdfc Mutual Fund Buy 425000 Shares @ Rs. 2452.5
❇️Relchemq : Resonance Opportunities Fund Buy 90000 Shares @ Rs. 121.3
*Insider Trade*
*Acquisition*
❇️RAMSHA RAHMAN Promoter Group Acquisition 100000 shares of Mirza International Ltd. on 18-Aug-21
❇️Ms. Firdaus Amin Promoter Group Acquisition 50000 shares of Mirza International Ltd. on 18-Aug-21
❇️Showan Investment Pvt. Ltd. Promoter Group Acquisition 6000000 shares of Greenply Industries Ltd. on 20-Aug-21
❇️IGH Holdings Private Limited Promoter Group Acquisition 125000 shares of Aditya Birla Fashion And Retail Ltd
❇️Riddhi Portfolio Private Limited Promoter Group Acquisition 6500 shares of Ramkrishna Forgings Ltd. on 18-Aug-21
❇️Infinite Trade and Investments Limited Promoter Group Acquisition 1950000 shares of Adani Green Energy Ltd on 18-Aug-21
❇️Ishijas Chemicals Private Limited Promoter Group Acquisition 100000 shares of Pidilite Industries Ltd. on 18-Aug-21
*Disposal*
❇️Yogesh M Kothari Promoter & Director Disposal 24300 shares of Alkyl Amines Chemicals Ltd.
❇️S. M. Management Private Limited Promoter Group Disposal 6000000 shares of Greenply Industries Ltd. on 20-Aug-21
❇️TCI Finance Limited Promoter Group Disposal 15000 shares of Gati Ltd. on 18-Aug-21
❇️Bijal Dilipchandra Modi Director Disposal 2209 shares of Valiant Organics Ltd on 17-Aug-21
❇️Rujan Panjwani Director Disposal 650000 shares of Edelweiss Financial Services Ltd.
❇️RAMAPATI SINGHANIA Promoter Group Disposal 3600 shares of J.K.Cement Ltd.
❇️Promoter Group Disposal 4456372 shares of Indiabulls Real Estate Ltd.
❇️Sundeep Sikka Director Disposal 341584 shares of Nippon Life India Asset Management Ltd
❇️Mrs. Kambam Spoorthi Revised Promoter Group Disposal 600000 shares of Aurobindo Pharma Ltd. on 14-Jun-21
❇️Neerav Parekh Promoter Group Disposal 100000 shares of Pidilite Industries Ltd. on 18-Aug-21
Pledge
❇️Themisto Trustee Company Private Limited Promoter Group Pledge 30000 shares of Wockhardt Ltd. on 17-Aug-21
*Revoke*
❇️Sundeep Sikka Director Revoke 341584 shares of Nippon Life India Asset Management Ltd on 17-Aug-21
*Bulk Deals*
❇️Cartrade Tech Limited : Goldman Sachs Trust Goldman Sacs Brics Fund Buy 960042 Shares @ Rs. 1563.43
❇️Shilpa Medicare Ltd : Tano Mauritius India Fvci Ii Sell 1979605 Shares @ Rs. 520
❇️Cartrade Tech Limited : Jupiter India Fund Buy 389446 Shares @ Rs. 1575.55
❇️Shilpa Medicare Ltd : Cohesion Mk Best Ideas Sub-Trust Buy 700000 Shares @ Rs. 520
❇️Karda Constructions Ltd : Elara India Opportunities Fund Limited Buy 2800000 Shares @ Rs. 22.45
❇️Exxaro Tiles Limited : Societe Generale Sell 250000 Shares @ Rs. 121.76
❇️Vertoz Advertising Ltd : Tcg Funds Fund 1 A/C Tcg Funds Fund 1 Sell 89590 Shares @ Rs. 115
❇️Aavas : Partners Group Escl Ltd Sell 2372060 Shares @ Rs. 2453.62
❇️Aavas : Partners Group Private Equity (Master Fund),Llc Sell 1040976 Shares @ Rs. 2453.28
❇️Aavas : Government Of Singapore Buy 771124 Shares @ Rs. 2452.5
❇️Aavas : Hdfc Mutual Fund Buy 425000 Shares @ Rs. 2452.5
❇️Relchemq : Resonance Opportunities Fund Buy 90000 Shares @ Rs. 121.3
*Insider Trade*
*Acquisition*
❇️RAMSHA RAHMAN Promoter Group Acquisition 100000 shares of Mirza International Ltd. on 18-Aug-21
❇️Ms. Firdaus Amin Promoter Group Acquisition 50000 shares of Mirza International Ltd. on 18-Aug-21
❇️Showan Investment Pvt. Ltd. Promoter Group Acquisition 6000000 shares of Greenply Industries Ltd. on 20-Aug-21
❇️IGH Holdings Private Limited Promoter Group Acquisition 125000 shares of Aditya Birla Fashion And Retail Ltd
❇️Riddhi Portfolio Private Limited Promoter Group Acquisition 6500 shares of Ramkrishna Forgings Ltd. on 18-Aug-21
❇️Infinite Trade and Investments Limited Promoter Group Acquisition 1950000 shares of Adani Green Energy Ltd on 18-Aug-21
❇️Ishijas Chemicals Private Limited Promoter Group Acquisition 100000 shares of Pidilite Industries Ltd. on 18-Aug-21
*Disposal*
❇️Yogesh M Kothari Promoter & Director Disposal 24300 shares of Alkyl Amines Chemicals Ltd.
❇️S. M. Management Private Limited Promoter Group Disposal 6000000 shares of Greenply Industries Ltd. on 20-Aug-21
❇️TCI Finance Limited Promoter Group Disposal 15000 shares of Gati Ltd. on 18-Aug-21
❇️Bijal Dilipchandra Modi Director Disposal 2209 shares of Valiant Organics Ltd on 17-Aug-21
❇️Rujan Panjwani Director Disposal 650000 shares of Edelweiss Financial Services Ltd.
❇️RAMAPATI SINGHANIA Promoter Group Disposal 3600 shares of J.K.Cement Ltd.
❇️Promoter Group Disposal 4456372 shares of Indiabulls Real Estate Ltd.
❇️Sundeep Sikka Director Disposal 341584 shares of Nippon Life India Asset Management Ltd
❇️Mrs. Kambam Spoorthi Revised Promoter Group Disposal 600000 shares of Aurobindo Pharma Ltd. on 14-Jun-21
❇️Neerav Parekh Promoter Group Disposal 100000 shares of Pidilite Industries Ltd. on 18-Aug-21
Pledge
❇️Themisto Trustee Company Private Limited Promoter Group Pledge 30000 shares of Wockhardt Ltd. on 17-Aug-21
*Revoke*
❇️Sundeep Sikka Director Revoke 341584 shares of Nippon Life India Asset Management Ltd on 17-Aug-21
Stocks with High Promoter Pledge as on 30th June
#SmallCaps
👉Jagran Prakashan 100%
👉Panacea Biotech 94%
👉Jindal Stainless Hisar 87%
👉Jindal Stainless 86%
👉Andhra Paper 70%
👉SW Solar 53%
👉Usha Martin 52%
👉Kalpataru Power 46%
👉HFCL 45%
👉SpiceJet 44%
👉Wockhardt 34.5%
👉Deepak Fert 32%
👉Strides Pharma 26%
👉Dilip Buildcon 25.5%
👉Capacite Infra 19.1%
👉Chambal Fert 19.1
👉Brightcom Group 18%
👉IRB Infra 17%
👉India Cement 17%
👉Kesoram Industries 46%
👉Star Paper 47.5%
👉Sadbhav Engineering 71.2%
#SmallCaps
👉Jagran Prakashan 100%
👉Panacea Biotech 94%
👉Jindal Stainless Hisar 87%
👉Jindal Stainless 86%
👉Andhra Paper 70%
👉SW Solar 53%
👉Usha Martin 52%
👉Kalpataru Power 46%
👉HFCL 45%
👉SpiceJet 44%
👉Wockhardt 34.5%
👉Deepak Fert 32%
👉Strides Pharma 26%
👉Dilip Buildcon 25.5%
👉Capacite Infra 19.1%
👉Chambal Fert 19.1
👉Brightcom Group 18%
👉IRB Infra 17%
👉India Cement 17%
👉Kesoram Industries 46%
👉Star Paper 47.5%
👉Sadbhav Engineering 71.2%
*Good Morning*
• India to Unveil a Four-Year Asset Sale Road Map on Monday
• India Tells Infosys CEO to Explain Buggy New Tax Portal
• India Rate- Setter Tells RBI to Review Easy Money Stance
• India Approves First DNA-based Covid Shot, Boosting Vaccine Plan
• Canara Bank will decide on Monday the issue price and number of shares to be sold
• Adani Wilmar IPO placed on hold amid Indian probe of Adani Group
o Wilmar says no assurance AWL IPO will proceed; advises caution
• Bank of India to participate in non-deal roadshows
• Microsoft to Invest $5 Million in Indian Startup Oyo
• New Space Race Shoots for Moon and Mars on a Budget: QuickTake
• India’s April-June Farm and Processed Food Exports Surge 44.3%
• Food Inflation Hits Home From India to Nigeria: Supply Lines
• Facebook Offers Loans as Tiny as $6,720 to Businesses in India
• India Reduces Import Taxes on Sunflower and Soybean Oils
• India Stocks Fall for a Second Day in Retreat From Record High
• Global Funds Buy Net INR11B of India Equities Wednesday: NSDL
• Nuvoco Vistas shares to start trading after IPO, gets 1.7 times demand for shares offered
• TPG-Backed Novotech Health H.K. IPO Gets Listing Approval: IFR
• AGS Transact Technologies Files for Up to $107M India IPO
• Emcure Pharmaceuticals Seeks Sebi Approval for India IPO
• Metro Brands Seeks to raise up to INR 2.5b in via new shares in IPO
• Adani Total Gas Ltd (ATGL): To buy 50% stake in Smartmeters for 10m rupees
• Aurobindo Pharma (ARBP): Cancels deal to buy majority stake in Cronus
• India Grid (INDIGRID): Power Grid Corp, India Grid, PKTCL enter in to shareholders pact
• IndoStar Capital (INDOSTAR): To exercise oversubscription option in OFS
• Mangalore Refinery (MRPL): Shuts One Crude Unit, Others for Maintenance
• Marico (MRCO): Florida SBA backs Marico on 4 of 5 proposals at Aug. 30 AGM
• Max Healthcare (MAXHEALT): Max Healthcare founder Kayak Investments sold 2.73m shares Aug. 20
• SpiceJet (SJET): Introduces 14 new local flights
• TTK Prestige (TTKPT): Lock-out at Khardi unit lifted from Friday
• India to Unveil a Four-Year Asset Sale Road Map on Monday
• India Tells Infosys CEO to Explain Buggy New Tax Portal
• India Rate- Setter Tells RBI to Review Easy Money Stance
• India Approves First DNA-based Covid Shot, Boosting Vaccine Plan
• Canara Bank will decide on Monday the issue price and number of shares to be sold
• Adani Wilmar IPO placed on hold amid Indian probe of Adani Group
o Wilmar says no assurance AWL IPO will proceed; advises caution
• Bank of India to participate in non-deal roadshows
• Microsoft to Invest $5 Million in Indian Startup Oyo
• New Space Race Shoots for Moon and Mars on a Budget: QuickTake
• India’s April-June Farm and Processed Food Exports Surge 44.3%
• Food Inflation Hits Home From India to Nigeria: Supply Lines
• Facebook Offers Loans as Tiny as $6,720 to Businesses in India
• India Reduces Import Taxes on Sunflower and Soybean Oils
• India Stocks Fall for a Second Day in Retreat From Record High
• Global Funds Buy Net INR11B of India Equities Wednesday: NSDL
• Nuvoco Vistas shares to start trading after IPO, gets 1.7 times demand for shares offered
• TPG-Backed Novotech Health H.K. IPO Gets Listing Approval: IFR
• AGS Transact Technologies Files for Up to $107M India IPO
• Emcure Pharmaceuticals Seeks Sebi Approval for India IPO
• Metro Brands Seeks to raise up to INR 2.5b in via new shares in IPO
• Adani Total Gas Ltd (ATGL): To buy 50% stake in Smartmeters for 10m rupees
• Aurobindo Pharma (ARBP): Cancels deal to buy majority stake in Cronus
• India Grid (INDIGRID): Power Grid Corp, India Grid, PKTCL enter in to shareholders pact
• IndoStar Capital (INDOSTAR): To exercise oversubscription option in OFS
• Mangalore Refinery (MRPL): Shuts One Crude Unit, Others for Maintenance
• Marico (MRCO): Florida SBA backs Marico on 4 of 5 proposals at Aug. 30 AGM
• Max Healthcare (MAXHEALT): Max Healthcare founder Kayak Investments sold 2.73m shares Aug. 20
• SpiceJet (SJET): Introduces 14 new local flights
• TTK Prestige (TTKPT): Lock-out at Khardi unit lifted from Friday
Global-Market Updates
-Asian markets showing a positive opening following the US indices but the gains looked fragile
-Brent crude oil trading at $65, fearing weakened fuel demand worldwide
-MSCI Asia-Pacific index ex-Japan sank 4.8% last week
-All eyes on Fed Chair speech at Jackson hole conference this Friday
-Dollar index is at 93.47
-This week US to release revised GDP data for Q2 along with home sales and personal spending data
-Asian markets showing a positive opening following the US indices but the gains looked fragile
-Brent crude oil trading at $65, fearing weakened fuel demand worldwide
-MSCI Asia-Pacific index ex-Japan sank 4.8% last week
-All eyes on Fed Chair speech at Jackson hole conference this Friday
-Dollar index is at 93.47
-This week US to release revised GDP data for Q2 along with home sales and personal spending data
Mahindra Holidays eyes acquisitions expecting ‘revenge travel’ in India.
Watch the interview with CEO Kavinder Singh: https://t.co/MBYNeBnhmD https://t.co/XyekNgt7uJ
Watch the interview with CEO Kavinder Singh: https://t.co/MBYNeBnhmD https://t.co/XyekNgt7uJ
BloombergQuint
Mahindra Holidays Eyes Acquisitions Expecting ‘Revenge Travel’ in India
Mahindra Holidays & Resorts is looking to acquire more hotels as Indians are emerging from months of lockdowns.
Money Market Update
The rupee ended at 74.39 against the U.S. Dollar on Friday as compared to Wednesday's closing of 74.24.
The rupee ended at 74.39 against the U.S. Dollar on Friday as compared to Wednesday's closing of 74.24.
Trading Tweaks
Ex-Date AGM: InterGlobe Aviation, Sun Pharmaceutical Industries, Eris Lifesciences, Astral, Rupa & Company, Balaji Telefilms, Gallantt Ispat, Gallantt Metal
Ex-Date Final Dividend: Astral, Chambal Fertilisers & Chemicals, Sun Pharmaceutical Industries, Indiamart Intermesh, Balaji Telefilms
Ex-Date Dividend: DLF, Gloster, Rupa & Company
Ex-Date Interim Dividend: Sun Tv Network
Ex-Date Special Dividend: Rupa & Company
Record Date Interim Dividend: Manappuram Finance, GMM Pfaudler, Dolat Investments
Record Date Special Dividend: GOCL Corporation
Record Date Final Dividend: EKI Energy Services
Move Into Short-Term ASM Framework: Fiem Industries
Move Out Of Short-Term ASM Framework: Quick Heal Technologies, BASF India, Repro India
Move Out Of ASM Framework: Nalwa Sons Investments, Oricon Enterprises, Nureca, Gujarat Narmada Valley Fertilizers and Chemicals, PTC India
Ex-Date AGM: InterGlobe Aviation, Sun Pharmaceutical Industries, Eris Lifesciences, Astral, Rupa & Company, Balaji Telefilms, Gallantt Ispat, Gallantt Metal
Ex-Date Final Dividend: Astral, Chambal Fertilisers & Chemicals, Sun Pharmaceutical Industries, Indiamart Intermesh, Balaji Telefilms
Ex-Date Dividend: DLF, Gloster, Rupa & Company
Ex-Date Interim Dividend: Sun Tv Network
Ex-Date Special Dividend: Rupa & Company
Record Date Interim Dividend: Manappuram Finance, GMM Pfaudler, Dolat Investments
Record Date Special Dividend: GOCL Corporation
Record Date Final Dividend: EKI Energy Services
Move Into Short-Term ASM Framework: Fiem Industries
Move Out Of Short-Term ASM Framework: Quick Heal Technologies, BASF India, Repro India
Move Out Of ASM Framework: Nalwa Sons Investments, Oricon Enterprises, Nureca, Gujarat Narmada Valley Fertilizers and Chemicals, PTC India
Who’s Meeting Whom
Allcargo Logistics: To meet Locus Investment Group on August 24.
Mahindra Holidays & Resorts India: To meet JHP Securities on August 23
Allcargo Logistics: To meet Locus Investment Group on August 24.
Mahindra Holidays & Resorts India: To meet JHP Securities on August 23
Insider Trades
Aditya Birla Fashion and Retail: Promoter IGH Holdings bought 1.25 lakh shares between August 13-16.
Aurobindo Pharma: Promoter Kambam Spoorthi sold 6 lakh shares on June 14.
JK Cement: Promoter Ramapati Singhania sold 3,600 shares between August 17-18.
Karda Constructions: Promoters (Prem Karda and Laxman Karda) sold 23 lakh shares between August 17-18.
Max Healthcare Institute : Promoter Kayak Investments Holding Pte sold 27.26 lakh shares on August 20.
Pidilite Industries: Promoter Neerav Parekh sold 1 lakh shares on August 18. Promoter Ishijas Chemicals bought 1 lakh shares on August 18.
Ramkrishna Forgings: Promoter Riddhi Portfolio bought 6,500 shares on August 18.
Aditya Birla Fashion and Retail: Promoter IGH Holdings bought 1.25 lakh shares between August 13-16.
Aurobindo Pharma: Promoter Kambam Spoorthi sold 6 lakh shares on June 14.
JK Cement: Promoter Ramapati Singhania sold 3,600 shares between August 17-18.
Karda Constructions: Promoters (Prem Karda and Laxman Karda) sold 23 lakh shares between August 17-18.
Max Healthcare Institute : Promoter Kayak Investments Holding Pte sold 27.26 lakh shares on August 20.
Pidilite Industries: Promoter Neerav Parekh sold 1 lakh shares on August 18. Promoter Ishijas Chemicals bought 1 lakh shares on August 18.
Ramkrishna Forgings: Promoter Riddhi Portfolio bought 6,500 shares on August 18.