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Burger King India entered into discussions regarding acquisition of a controlling stake in PT Sari Burger Indonesia (“BK Indonesia”), which manages and operates Burger King brand in Indonesia. The Company believes that BK Indonesia can be a good fit given the Company’s experience in managing and operating the “Burger King” brand in India. Positive
Bulk Deal as on 27-08-21

Artemis Electrical
+ 3 Lk @ 59.98 BimalKumar Ramkumar Bansal
- 3 Lk @ 60 Vespera Fund Ltd

Bal Pharma
+ 3 Lk @ 92.74 Micro Labs Ltd
- 3 Lk @ 92.73 Jitendra Tejraj Lunia
World Markets

Dow + 243
Nasdaq + 184
Dax + 58
Nikkei + 80
Hangseng + 44
Sgxnifty + 104 (16818)
Brent Crude 71.91
Dow Fut - 13
Dollar Index 92.64
*SGX Nifty +96 pts (16810) from last trade 16714 ,*


Nikkei +44 pts ,
Hangseng -18 pts ,
Now @7.05am .


Dow +242.68 pts ,Nsdq +183.69 pts, S&P
+39.37 pts, Bovespa +1953 pts , Ftse +23 pts  , Dax +58 pts , Cac +15 pts , Crude @ $68.81 brl (+0.07), Brent @ $73.03 brl (+0.32) , Gold @ 1824.90 (+5.40), Silver @ $24.14 (+0.10), Euro @ $1.1805, JPY @ $109.74,  INR @ 73.475





*Today's Corporate Action*
*30th  Aug Ex Date*



3IINFOTECH
Reduction of Capital
BELLACASA
Final Dividend - Rs. - 0.3500
BENGALASM
Dividend - Rs. - 7.5000
GANDHITUBE
Buy Back of Shares
HLEGLAS
Dividend - Rs. - 4.0000
IMPAL
Dividend - Rs. - 10.0000
JENBURPH
Dividend - Rs. - 10.2000
JK AGRI
Dividend - Rs. - 1.5000
KAMAHOLD
Interim Dividend - Rs. - 51.0000
KANCOTEA
Dividend - Rs. - 1.0000
KITEX
Final Dividend - Rs. - 1.5000
NLFL
Dividend - Rs. - 0.5000
PRIMAPLA
Final Dividend - Rs. - 1.5000
SMARTFIN
Stock  Split From Rs.10/- to Rs.1/-
STHINPA
Dividend - Rs. - 1.0000
UMANGDAIR
Dividend - Rs. - 0.5000





*Today's Key Results/Board Meetings*
*30-Aug-21*


ADVIKLA
A.G.M.
AGARIND
General
BETXIND
A.G.M.;General
BHANDHOS
General
BINNY
General
CDG
Preferential Issue of shares
CIANAGRO
A.G.M.
DAL
General
DAVANGERE
A.G.M.
DJML
A.G.M.
DML
A.G.M.;General
EIS
General
GVFILM
General
HAL
Audited Results
HIKLASS
A.G.M.
HYPERSOFT
A.G.M.;General
INTERDIGI
A.G.M.
ISTRNETWK
General
JINDALSTEL
General
KGES
Audited Results
KNRCON
General
LACTOSE
A.G.M.;General
LANCER
A.G.M.;Bonus issue;Increase in Authorised Capital;Preferential Issue of shares
MAHASTEEL
A.G.M.;General
MOHITIND
A.G.M.;General;Voluntary Delisting of Shares
NAM
A.G.M.
NYSSACORP
General
OBCL
General
ORCHASP
A.G.M.
PICCASUG
Right Issue of Equity Shares
POLYMAC
A.G.M.
PROVESTSER
General
RCCEMEN
A.G.M.
REMITR
Voluntary Delisting of Shares
RTSPOWR
A.G.M.
SAMTEX
A.G.M.
SHRMFGC
A.G.M.
SUNILTX
A.G.M.
SURINDL
A.G.M.;General
TITAANIUM
A.G.M.;General
TOYAMIND
A.G.M.;General
UNIDT
A.G.M.
UNRYLMA
A.G.M.




*Stock under F&O ban on NSE*
*30-Aug-21*


NONE
*Good Morning*
• Bharti to Raise $2.85 Billion as It Gears Up for 5G Rollout (1)
• India to Ration Coal Supplies to Power Plants as Demand Surges
o Govt to cut shipments to stations with high inventories
• U.S. Secretary Blinken Spoke with India’s EAM Jaishankar to discuss shared priorities
• SEBI Restrains Kotak AMC From Launching New Fixed-Maturity Plans
• Israel’s Phinergy Agrees Cooperation Pact With Tata Motors
• JetBlue Airways Adds Most Flights YOY Among Top Airlines
• India Forex Reserves Fall $2.47b to $616.9b in Week to Aug. 20
• Shopify Eases Talent Pinch as App Developers Map Way to Millions
• India’s Sensex Climbs to Fresh Record With Larsen Pacing Gains
• Poor Monsoon May Hurt India Oilseed and Cotton Output, NCML Says
• India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 27
• Global Funds Sell Net INR7.79B of Indian Stocks on Aug. 27: NSE
o Domestic funds buy net 16.5b rupees of stocks
• Global Funds Sell Net INR22.6B India Shares on Aug. 26
• Foreigners Buy Net INR21.2B of Indian Equity Derivatives Aug. 27
• Carlyle’s $3B Offer for Hexaware Likely to Succeed, PTI Reports
• Start-up culture now vibrant in India: PM Modi: PTI
• Tesla in Talks With Indian Firms for Parts: Economic Times
• Gold bond issue price fixed at Rs 4,732/gm; subscription opens Monday: PTI
• India’s macroeconomy more healthy, ready for faster growth, says economist Ashima Goyal: PTI
• Tata Steel to invest INR80b in capex on India operations during FY22: CEO Narendran: PTI
• Google in Talks to Invest in India’s Bharti Airtel, TOI Reports
• India’s Future files new case against Amazon in top court: Reuters
• Bharti Airtel (BHARTI): To raise INR210b ($2.85b) via rights share issue; offers 1 shares for every 14 held at 535/shr
• Burger King India (BURGERKI): To buy Up to 85% in Burger King Indonesia
• Cipla (CIPLA): UCB, University of Iceland sue Cipla to block Nayzilam copies
• IDBI Bank (IDBI): Approves plan sale of 19.18% stake in Arcil
• Mahindra & Mahindra (MM): Mahindra Defence gets 13.5b rupee contract for Indian Navy
• Manappuram Finance (MGFL): Says considering various options for debt fund raising in September
• Max Healthcare (MAXHEALT): Max Health: Latest Hospital Will Create Contiguous Hub in Delhi
• Max Healthcare (MAXHEALT): Acquires rights to help develop hospital; latest hospital will create contiguous hub in Delhi
• Nazara Technologies (NAZARA): Acquires 100% of skill gaming platform Openplay for 1.86b rupees
• RBL Bank (RBK): Says online banking system down due to technical issue
o RBL Bank Says Online Banking System Glitch Gets Resolved
• Vedanta (VEDL): To consider first mid-year dividend for FY22 on Sept. 1
Pledge Share Details

Motherson Sumi Systems: Promoter Samvardhana Motherson International created a pledge of 1 crore shares on August 25.

Steel Strips Wheels: Promoter Dheeraj Garg revoked pledge of 3.79 lakh shares on August 26.

Wockhardt: Promoter Themisto Trustee Company created a pledge of 22.27 lakh shares between August 24-25
Stocks To Watch

Bharti Airtel: Plans to raise up to Rs 21,000 crore through a rights share issue as it looks to bolster its balancesheet before rolling out its 5G network.

Cipla: UCB, University of Iceland sue Cipla to block Nayzilam copies

Mahindra & Mahindra: The Ministry of Defence has awarded a contract worth Rs 1,349.95 crore to Mahindra Defence Systems. The company will manufacture Integrated Anti-Submarine Warfare Defence Suite for modern warships of Indian Navy. It will supply 14 IADS systems for the Indian Navy warships.

Nazara Technologies: Acquired 100% stake in Hyderabad-based skill gaming company OpenPlay Technologies for a total consideration of Rs 186.4 crore. The company acquired 10,000 equity shares of Rs 10 each from existing shareholders of OpenPlay, Sreeram Reddy Vanga and Unnati Management Consultants LLP. The OpenPlay acquisition offers an opportunity for Nazara to build a network of skill gaming destinations operating on one common tech platform under the proven leadership of Sreeram and his team, the company said.

Burger King India: To buy up to 85% in Burger King Indonesia. The Indian company’s offer to acquire up to 85% in PT Sari Burger, through secondary purchase and a further investment of up to $40 million, was accepted by the Indonesian company’s promoter F&B Asia Venture Singapore Pte. The offer values the operator of Burger King brand in Indonesia at a pre-money enterprise value of $183 million on a cash free and debt free basis. Burger King India will also consider and negotiate various options available for funding the proposed transaction,which may include raising capital by issuing fresh equity shares.

Max Healthcare Institute: Acquired exclusive rights to aid development and provide medical services to a 500-bed hospital to be built on a 3.5 acres of a prime land parcel in Saket (South Delhi) through its wholly owned subsidiary, Alps Hospital. Alps has acquired 100% stake in ET Planners in an all-cash deal of Rs 60.11 crore. ET has an exclusive and long-term rights to provide medical services in key specialties and aid development of a Children’s Hospital on this 3.5 acres of land, the company said. The first phase of the Hospital is expected to be commissioned in the year 2024.

Tech Mahindra: The company’s wholly owned subsidiary, Tech Mahindra (Americas) Inc., approved the proposal to acquire 13.8% equity shares in AustinGiS Inc. for $1.25 million. The acquisition is expected to be completed by September 15. AustinGiS is a IoT/5G services provider that specializes in providing a wholistic IaaS solution offering.

IDBI Bank: Board of Directors approved the plan for sale of the bank's 19.18% stake in Asset Reconstruction Company (India). The bank will sell it’s entire holding of 6.23 crore fully paid-up equity shares of ARCIL.

Nava Bharat Ventures: Closed buyback of equity shares on August 27. The company has bought back 1.83 crore equity shares--at an average price of Rs 70.38 per equity share--for approximately Rs 129.29 crore.

BEML: Allotted 4,000 Commercial Papers of face value of Rs 5 lakh each aggregating to Rs 200 crore on August 27. Further the President of India has appointed Amit Banerjee as Chairman and Managing Director of the company with effect from August 27.

Ramkrishna Forgings: Board has approved raising up to Rs 500 crore via issuance of equity shares or bonds or any other securities.

Aurobindo Pharma: Shareholders approved reappointment of N Govindarajan as Managing Director.

Bank of Maharashtra: The Central government has extended the term of office of AS Rajeev as Managing Director and Chief Executive Officer of the bank for a period of two years. Rajeev’s current term will come to an end on December 1, 2021, and the extended term will begin after that.

Punjab National Bank: The government has extended Managing Director and Chief Executive Officer, Mallikarjuna Rao, term till January 31, 2022.
Hexaware Technologies: Baring Asia will “most likely” accept Carlyle Group Inc.’s $3 billion offer for the software firm, PTI reported Sunday, citing an unidentified investment banker negotiating the deal. The deal, which will be closed “very soon,” would see Carlyle beat out rival bids of around $2.5 billion, the unidentified person said. Other bidders include Bain Capital and France’s Teleperformance.

Manappuram Finance: Says considering various options for debt fund raising in September

RBL Bank: Says glitch resolved that downed the online banking system.

Zomato: Rated New Equal-Weight at Morgan Stanley; price target Rs 140. Also, rated new Buy at Goldman with a price target of Rs 180.

Vedanta: To consider first mid-year dividend for FY22 on Sept. 1
Insider Trades

Adani Green Energy: Promoter Infinite Trade and Investments bought 10 lakh shares on August 26.

Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 79,310 shares between August 25-26.

Eveready Industries India: Promoters (Isha Khaitan, Yashodhara Khaitan and Vivaya Enterprises) bought 1.91 lakh shares between August 24-25. Promoter Ichamati Investments sold 1.71 lakh shares between August 24-25.

Gujarat Fluorochemicals: Promoters (Inox Chemicals LLP, Pavan Jain, Siddharth Jain and Nayantara Jain) sold 57,224 shares between August 25-26.

Karda Constructions: Promoter Komal Karda sold 4 lakh shares on August 26.

Lincoln Pharmaceuticals: Promoters (Munjal Patel and Ashish Patel) bought 65,000 on August 25.

LG Balakrishnan & Bros.: Promoter V Rajvirdhan sold 73,800 shares between August 25-26.

Lupin: Promoter Nilesh Gupta bought 5,300 shares on August 20.

Mangalam Cement: Promoter Vidula Consultancy Services bought 1.31 lakh shares on August 26.

Olectra Greentech: Promoter MEIL Holdings bought 10.45 lakh shares on August 23. Promoter Trinity Infraventures sold 10.80 lakh shares on August 23.

SBI Cards and Payment Services: Promoter SBI Life Insurance Company bought 1.50 lakh shares on August 26.

Tube Investments of India: Promoter Lalitha Vellyan sold 3.07 lakh shares on August 26.