From the Business Media - 25 August 2021
Economic Times
Ø Bank of India plans to raise Rs 3,000 cr equity capital via QIP
Ø Hindalco has $2.5-3 billion capex plans for next 5 years: KM Birla
Ø Infosys becomes 4th most valued company in India to join $100 billion market cap club
Ø NSE-BSE bulk deals: CLSA Global, Copthall Mauritius sell stake in Chemplast Sanmar
Ø FPIs favour cement stocks on better volume visibility
Ø Sebi empanels 16 entities to conduct forensic audit
Ø MSCI CEO dismisses concerns Chinese stocks are ‘uninvestable’
Ø Govt mulls ways to let telcos pay AGR dues over 20 years
Ø Rajratan gains from tyre demand surge, import curbs
Ø Continuum Energy's founders keen to buy Morgan Stanley’s stake in firm
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 cr
Business Standard
Ø Adani Total Gas buys 50% stake in gas meter manufacturing firm
Ø Arvind Fashions raises Rs 439 crore from investors, promoters
Ø Govt decision on raising tariffs fails to unite telecom companies
Ø Eicher Board to meet over MD's salary as shareholders reject re-appointment
Ø GMR group unveils plans to modernise Nagpur Airport after HC ruling
Ø Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi
Ø FMCG market in India expands 37% in April-June quarter: Nielsen
Ø ITC to invest $2 billion across segments in medium-term, says MD
Ø NTPC commissions 15 MW floating solar capacity at Andhra's Simhadri
Ø ICRA revises GE Power India's outlook to negative from stable
Financial Express
Ø FinMin exploring insurance bonds as alternative to bank guarantees
Ø REITs, InvITs to be included in Nifty indices from Sep 30
Ø Govt mulls permitting foreign investment in LIC
Ø Chris Wood raises India weight by pruning China exposure; remains bullish despite lofty valuations
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 crore in Aug
Economic Times
Ø Bank of India plans to raise Rs 3,000 cr equity capital via QIP
Ø Hindalco has $2.5-3 billion capex plans for next 5 years: KM Birla
Ø Infosys becomes 4th most valued company in India to join $100 billion market cap club
Ø NSE-BSE bulk deals: CLSA Global, Copthall Mauritius sell stake in Chemplast Sanmar
Ø FPIs favour cement stocks on better volume visibility
Ø Sebi empanels 16 entities to conduct forensic audit
Ø MSCI CEO dismisses concerns Chinese stocks are ‘uninvestable’
Ø Govt mulls ways to let telcos pay AGR dues over 20 years
Ø Rajratan gains from tyre demand surge, import curbs
Ø Continuum Energy's founders keen to buy Morgan Stanley’s stake in firm
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 cr
Business Standard
Ø Adani Total Gas buys 50% stake in gas meter manufacturing firm
Ø Arvind Fashions raises Rs 439 crore from investors, promoters
Ø Govt decision on raising tariffs fails to unite telecom companies
Ø Eicher Board to meet over MD's salary as shareholders reject re-appointment
Ø GMR group unveils plans to modernise Nagpur Airport after HC ruling
Ø Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi
Ø FMCG market in India expands 37% in April-June quarter: Nielsen
Ø ITC to invest $2 billion across segments in medium-term, says MD
Ø NTPC commissions 15 MW floating solar capacity at Andhra's Simhadri
Ø ICRA revises GE Power India's outlook to negative from stable
Financial Express
Ø FinMin exploring insurance bonds as alternative to bank guarantees
Ø REITs, InvITs to be included in Nifty indices from Sep 30
Ø Govt mulls permitting foreign investment in LIC
Ø Chris Wood raises India weight by pruning China exposure; remains bullish despite lofty valuations
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 crore in Aug
World Markets
Dow + 30
Nasdaq + 77
Dax + 53
Nikkei + 73
Hangseng + 104
Sgxnifty + 56 (16672)
Brent Crude 70.25
Dow Fut - 2
Dollar Index 93
Dow + 30
Nasdaq + 77
Dax + 53
Nikkei + 73
Hangseng + 104
Sgxnifty + 56 (16672)
Brent Crude 70.25
Dow Fut - 2
Dollar Index 93
Pledge Share Details
Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 8.54 lakh shares on July 20.
Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 8.54 lakh shares on July 20.
Stocks To Watch
Adani Ports & SEZ: Company's proposal to acquire 10.4% stake for Rs 644.78 crore of Gangavaram Port Ltd. from the Andhra Pradesh government has received approval from the state's maritime board. The transaction is expected to complete within a month.
Canara Bank: Billionaire investor Rakesh Jhunjhunwala has bought 1.59% stake, according to updated shareholding statement released by the state-run lender. The bank had approved allotment of 16.73 crore shares via qualified institutional placement a day earlier.
ICICI Bank: The Reserve Bank of India has approved reappointment of Sandeep Bakhshi as Managing Director and CEO from Oct. 15, 2021 to Oct. 3, 2023.
Wipro: To open a new delivery center in Sherwood, Arkansas. The company will invest approximately $3 million to transform a 70,000 square-foot facility at Landers Road into a customer service center. The delivery center will provide operational services to Wipro’s clients across industry verticals. Wipro expects to hire up to 400 employees in the next two years in Arkansas. Further the company has been awarded a strategic multi-year contract by E.ON for digital transformation of their financial area. Wipro will provide Application Maintenance & Support Services for innovative projects on SAP S/4HANA.
WABCO India: Promoter ZF International U.K. to sell 3.80 lakh equity shares, representing 2.01% of the total equity share capital, through an Offer for Sale. The floor price of Rs 6,900 per share is a 3.83% discount to Tuesday's closing price. The OFS opens for non-retail investors today and for retail investors on August 26.
Centrum Capital: Approved the transfer of the entire business of its two wholly owned material subsidiaries, Centrum Financial Services and Centrum Microcredit, to its proposed small finance bank, via a slump sale, subject to approval of the members and other requisite statutory and regulatory approvals.
Tata Steel: Brickwork Ratings has upgraded the credit rating of unsecured NCD issues aggregating Rs 4,000 crore to AA+/Stable from AA/Stable.
Tatva Chintan Pharma Chem: Mahesh Tanna has resigned as the Chief Financial Officer of the company. Tanna’s resignation to be effective from August 31.
Earnings to watch: Procter & Gamble Hygiene Q4 FY21
Adani Ports & SEZ: Company's proposal to acquire 10.4% stake for Rs 644.78 crore of Gangavaram Port Ltd. from the Andhra Pradesh government has received approval from the state's maritime board. The transaction is expected to complete within a month.
Canara Bank: Billionaire investor Rakesh Jhunjhunwala has bought 1.59% stake, according to updated shareholding statement released by the state-run lender. The bank had approved allotment of 16.73 crore shares via qualified institutional placement a day earlier.
ICICI Bank: The Reserve Bank of India has approved reappointment of Sandeep Bakhshi as Managing Director and CEO from Oct. 15, 2021 to Oct. 3, 2023.
Wipro: To open a new delivery center in Sherwood, Arkansas. The company will invest approximately $3 million to transform a 70,000 square-foot facility at Landers Road into a customer service center. The delivery center will provide operational services to Wipro’s clients across industry verticals. Wipro expects to hire up to 400 employees in the next two years in Arkansas. Further the company has been awarded a strategic multi-year contract by E.ON for digital transformation of their financial area. Wipro will provide Application Maintenance & Support Services for innovative projects on SAP S/4HANA.
WABCO India: Promoter ZF International U.K. to sell 3.80 lakh equity shares, representing 2.01% of the total equity share capital, through an Offer for Sale. The floor price of Rs 6,900 per share is a 3.83% discount to Tuesday's closing price. The OFS opens for non-retail investors today and for retail investors on August 26.
Centrum Capital: Approved the transfer of the entire business of its two wholly owned material subsidiaries, Centrum Financial Services and Centrum Microcredit, to its proposed small finance bank, via a slump sale, subject to approval of the members and other requisite statutory and regulatory approvals.
Tata Steel: Brickwork Ratings has upgraded the credit rating of unsecured NCD issues aggregating Rs 4,000 crore to AA+/Stable from AA/Stable.
Tatva Chintan Pharma Chem: Mahesh Tanna has resigned as the Chief Financial Officer of the company. Tanna’s resignation to be effective from August 31.
Earnings to watch: Procter & Gamble Hygiene Q4 FY21
Insider Trades
AAVAS Financiers: Promoters (Partners Group ESCL and Partners Group Private Equity) sold 34.13 lakh shares on August 20.
Bhageria Industries: Promoter Bhageria Trade-Invest bought 10,000 shares on August 23.
Elecon Engineering Co: Promoter Taruna Patel bought 5,000 shares on August 20.
GRM Overseas: Promoters (Atul Garg and Mamta Garg) bought 41,300 shares between August 19-23.
Karda Constructions: Promoters (Laxman Karda and Neha Karda) sold 31 lakh shares on August 23.
Meghmani Organics: Promoter Ashishbhai Soparker bought 1 lakh shares on August 23.
Mangalore Chemicals & Fertilizers: Promoter Adventz Finance bought 30,000 shares on August 23.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 11,960 shares on August 23.
AAVAS Financiers: Promoters (Partners Group ESCL and Partners Group Private Equity) sold 34.13 lakh shares on August 20.
Bhageria Industries: Promoter Bhageria Trade-Invest bought 10,000 shares on August 23.
Elecon Engineering Co: Promoter Taruna Patel bought 5,000 shares on August 20.
GRM Overseas: Promoters (Atul Garg and Mamta Garg) bought 41,300 shares between August 19-23.
Karda Constructions: Promoters (Laxman Karda and Neha Karda) sold 31 lakh shares on August 23.
Meghmani Organics: Promoter Ashishbhai Soparker bought 1 lakh shares on August 23.
Mangalore Chemicals & Fertilizers: Promoter Adventz Finance bought 30,000 shares on August 23.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 11,960 shares on August 23.
Who’s Meeting Whom
Punjab Chemicals and Crop Protection: To meet Highwest Global on August 25.
Dixon Technologies (India): To meet Barings Asset Management on August 26 and Prusik Investment Management on August 27.
Punjab Chemicals and Crop Protection: To meet Highwest Global on August 25.
Dixon Technologies (India): To meet Barings Asset Management on August 26 and Prusik Investment Management on August 27.
Money Market Update
The rupee ended at 74.19 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.21.
The rupee ended at 74.19 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.21.
Trading Tweaks
Ex-Date AGM: Indian Energy Exchange, Kokuyo Camlin, TVS Srichakra, Action Construction Equipment, Mangalore Refinery and Petrochemicals
Ex-Date Final Dividend: Hikal, Action Construction Equipment, DCM Shriram Industries, Fermenta Biotech
Ex-Date Interim Dividend: Polyplex Corporation, DB Corp
Ex-Date Dividend: TVS Srichakra
Ex-Date Buyback: Star Cement
Record Date Interim Dividend Natco Pharma, Datamatics Global Services
Price Band Revised From 10% To 5%: Prime Focus
Price Band Revised From 20% To 10%: Capacite Infraprojects
Move Into ASM Framework: Max Healthcare Institute
Move Into Short-Term ASM Framework: Apex Frozen Foods, Ujjivan Financial Services, Ujjivan Small Finance Bank, Capacite Infraprojects, Sadbhav Engineering, IFGL Refractories
Ex-Date AGM: Indian Energy Exchange, Kokuyo Camlin, TVS Srichakra, Action Construction Equipment, Mangalore Refinery and Petrochemicals
Ex-Date Final Dividend: Hikal, Action Construction Equipment, DCM Shriram Industries, Fermenta Biotech
Ex-Date Interim Dividend: Polyplex Corporation, DB Corp
Ex-Date Dividend: TVS Srichakra
Ex-Date Buyback: Star Cement
Record Date Interim Dividend Natco Pharma, Datamatics Global Services
Price Band Revised From 10% To 5%: Prime Focus
Price Band Revised From 20% To 10%: Capacite Infraprojects
Move Into ASM Framework: Max Healthcare Institute
Move Into Short-Term ASM Framework: Apex Frozen Foods, Ujjivan Financial Services, Ujjivan Small Finance Bank, Capacite Infraprojects, Sadbhav Engineering, IFGL Refractories