October 3, 2024

Housing Finance Development

It's Your Housing Finance Development

Third round of India-EU FTA talks starts today

Third round of India-EU FTA talks starts today

Stocks

Stock market essentials for November 28: Third round of India-EU FTA talks starts today

Photo : BCCL

EVENTS

Finance Minister Nirmala Sitharaman to hold -budget meeting with Trade Union & Labour Organization and also with Economist Group

Third round of India-EU FTA talks starts on Nov 28

Last day to buy Shriram City Union Finance before amalgamation

Last day to buy Vedanta to be eligible for dividend,

Dish Tv NCLT hearing

Lock-in Period Ends:

Go Fashions/E-Mudhra/Ethos: Lock-in period ends for Pre-IPO Investors; lock-in opens on 47%/51%/60% of the shareholding

IPO Action:

Nov 28 to Nov 30: Dharmaj Crop Guard IPO to open for subscription

Other Events:

Hindustan Zinc to meet group of invesstors for Non-deal Road Shows for disinvestment of residual GOI shareholding in HZL between 28th November till 07th December

ECB’s Christine Lagarde addresses the Committee on Economic and Monetary Affairs

Cyber Monday, the first Monday after Thanksgiving, when retailers in the US and beyond traditionally hold special promotions and sales online

Oil & Gas Updates

Brent Crude at $83.4/bbl Vs $85.12/bbl

Singapore GRM at $8.8/bbl Vs $11.2/bbl

Asia Spot Gas prices at $30/mmBtu Vs $31.1/mmBtu

FII/DII Data:

FIIs net bought shares worth Rs 369 cr on Nov 28

DIIs net sold shares worth Rs 296 cr on Nov 24

FII F&O Cash Data:

Index futures net sell Rs 1657.48 cr

Index options net buy Rs 6625.5 cr

Stock futures net sell Rs 284.8 cr

Stock options net buy Rs 142 cr

Total FII net buy Rs 4825 cr in F&O

F&O Ban:

NIL

Bulk/Block Deal

Hindustan Motors

DB (INTL) OWN TRADING sold 14.8 lakh @ 22.15

BLOCK DEALS

Venus Pipes

BNP PARIBAS ARBITRAGE bought 6.5 lakh @ 650

Hemant Rajnikant Shah sold 6.5 lakh @ 650

NSE BULK DEALS

Hindustan Motors

DB INTERNATIONAL Brokers bought 14.8 lakh @ 22.07

Multiplier Share sold 6.5 lakh @ 22.15

Silver Line ventures sold 11.10 lakh @ 21.74

Stock Vertex sold 5.4 lakh @ 21.62

India Bulls Housing Finance

Tower Research Capital sold 1.2 lakh @ 134.87

CORPORATE ANNOUNCEMENT

Aarti Surfactants

Board has approved the Rights issue of upto Rs. 49.60 Cr . Fedex Securities Private Limited has been appointed as Lead Manager/ Merchant Banker.

Siemens Ltd

LIC has reduced its shareholding from 5.17% to 3.13% of the paid up capital

IEX Ltd

Board has approved the proposal to buyback equity shares through open market route

Buyback of shares approved at Rs. 200 per share

Indicative number of shares for buyback is 49 lakh equity shares (~0.55% of ESC)

Company to spend up to Rs. 98 Cr on share buyback

Board of Directors accorded in-principle approval for the formation of a wholly-owned subsidiary company in India to explore the business opportunities in Carbon Market

Shriram Properties

Shriprop Builders Private Limited, WoS of the Company acquired 100% of the Equity shares of Suvilas Realities Private Limited, Bangalore

Suvilas Realities is developing a project with development potential of ~660 residential units in 6.29 acres of land

Emami Paper Mills

Board meeting scheduled on 28th November to approve CFO of the company

LTI Mindtree

Board approved allotment of 12.04 Cr equity shares of Re.1/- each of the Company, to the equity shareholders of erstwhile Mindtree Limited

Paid equity share capital increased from Rs. 17.53 Cr to Rs. 29.6 Cr

Va Tech Wabag

WABAG and Asian Development Bank (ADB) enter into a Strategic funding tie up

ADB to invest Rs. 200 Crores in NCDs carrying a 5 years and 3 months tenor

Capital raised through NCD issuance to be used towards working capital requirements of the Company

L&T Financial Services

Company has received Rs. 3484 Cr for the sale of L&T Investment Management Limited , a wholly owned subsidiary of the Company

Karnataka Bank

Karnataka Bank and Hyundai Construction Equipment India Pvt Ltd collaborate for financing machineries/equipment.

Health Care Global

Commissioned 2.25 MW Solar Power Plant at Jagalur of Davanagere District, Karnataka

The solar installation is expected to reduce up to 70% of energy expenditure at two hospitals in Karnataka

Indian Oil Corporation

Has issued 25000, 7.44% NCDs aggregating to Rs. 2500 crore on Private Placement basis

Funds raised will be utilized for refinancing of existing borrowing and/or funding of Capital Expenditure of the Company

HDFC

The resolution approving the amalgamation HDFC Bank Limited was passed by the requisite majority of the Public Shareholders of the Corporation in a meeting convened by NCLT

Mahindra Finance

Mr. Diwakar Gupta appointed as an Independent Director on the Board of the Company

JK Cement

Jaykaycem Limited, the wholly owned subsidiary of the Company has successfully commenced Cement Grinding capacity of 2 MnTPA

Lemon Tree Hotels

Signed a License Agreement for a 42 room hotel in Jamshedpur under the Company’s brand “Lemon Tree Hotel”. The hotel is expected to be operational by end of September, 2023.

Hero Motocorp

Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective from December 1, 2022. T

he price increase will be up to Rs 1500 and will vary by specific models and markets

Bajaj Finance

Company has entered into a Share Purchase Agreement on to acquire up to 40% stake for Rs. 93 Cr in Snapwork Technologies Private Limited

The acquisition is proposed with the intention to strengthen the Company’s technology roadmap.

Paytm:

100% subsidiary, Paytm Payments Services Limited (PPSL), receives letter from RBI

PPSL required to:

-Seek necessary approval for past downward investment

– Not onboard new online merchants

Co. says:

-No material impact on business and revenues

-RBI communication applicable only to onboarding of new online merchants

-Can continue to onboard new offline merchants

Angel One:

Launched Super App on the Android platform, to a limited set of users

Earlier this year, the company launched the Web and iOS versions of the Super App

The company will soon commence a full-fledged App rollout to all clients

Initially, the Super App will provide broking services

Inox Wind:

Shri Vineet Valentine Davis Whole-time Director of the Company has tendered his resignation from the office of Whole-time Director and Director of the Company w.e.f. November 25, 2022 due to personal reasons

Devyani International:

NCLT directed convening meetings of the Equity Shareholders and Unsecured Creditors to consider and approve the Scheme of Amalgamation for merger of Devyani Airport Services (Mumbai) Private Limited and Devyani Food Street Private Limited with Devyani International Limited

Meetings to be held on Dec 29, 2022

Astra Zeneca:

Receives an Import and Market permission in Form CT-20 from the Central Drugs Standard Control Organisation for Dapagliflozin (Forxiga®) tablets of 10 mg – additional indication

The receipt of this permission paves way for the launch of Dapagliflozin (Forxiga®) tablets of 10 mg in India, subject to the receipt of related statutory approvals

Ami Organics:

Signs a Multi-year, Multi-tonne, Multi million Euro, Definitive Agreement with Fermion for supply of an intermediate for their patented product

The total minimum contract value is expected to be multi-million Euro, spread across a 10-year horizon

Product expected to start contributing meaningfully to the revenue from FY24

Hind Zinc:

Key Takeaways from Presentation:

-Despite macro challenges, delivered consistent profitability through proactive cost management initiatives

Ashok Leyland:

BoD have unanimously approved the Scheme of Merger by Absorption of Hinduja Leyland Finance Limited (the Transferor Company) into NXTDIGITAL Limited

Scheme subject to receipt of approvals from RBI, SEBI, NCLT, Stock Exchanges & other statutory and regulatory authorities, and the respective shareholders and creditors

Share swap ratio changed to 25:10 from 23:10 announced earlier. Hinduja Leyland Finance shareholders to get 25 shares of NXT Digital for every 10 held in Hinduja Leyland Finance.

Persistent Systems:

Inaugurates Indore office to establish presence in central India

Expands footprint as a part of global growth strategy

Waaree Renewable Technologies:

Receives a Letter of Award from a reputed steel industry player

To execute EPC works for a solar power project with a capacity of 52.5 MWp DC

To also include provision of land, infrastructure and approvals for 70 MWp DC.

Arvind Ltd:

incorporated Arvind Technical Products Private Limited to carry on the business of manufacturing and marketing of textile products

Subsidiary incorporated to meet the prerequisite for participation in PLI scheme for textiles.

SBI CHAIRMAN SAYS:

SBI is a proxy to the Indian economy

Bank gets the patronage of 47 crore customers and is practically a banker to every household

Expects India to be the third largest in terms of the size of the economy

Customer expectations are changing and the bank needs to solicit and walk up to their doorsteps

We have improved customer service, but have miles to go

Shift in their behaviour in going to the digital mode

SBI has invested in technology, and the bank’s app YONO had helped in generating business and offering services in a frictionless manner

Adani Transmission:

-Adani Electricity Navi Mumbai (AENM) approached MERC for a distribution license in some pockets of the MMR region

(MERC = Maharashtra Electricity Regulatory Commission)

-Aims to get license to distribute power in areas exclusively served by the state-owned Mahadiscom in -Mumbai’s suburbs Mulund and Bhandup, and also Thane district, Navi Mumbai, Panvel, Kharghar, Taloja and Uran.

-Also vying to distribute power to JNPT

HFCL

Wins order worth Rs 1770 cr om for providing EPC Services including provision for laying of optical fiber cables, for execution of Rural Water Supply Network in Varanasi Revenue Division in the State of Uttar Pradesh

IndiGo and SpiceJet in Focus

Daily Air Traffic on Saturday (26/11/2022) touched 4,06,000 mark – highest level since Covid started. In December 2019 (pre-Covid), the average daily air traffic stood at 4.2 lakh passengers.

FROM AGENCIES

Amazon Shutting India Food-Delivery Business: Economic Times

Sunflower oil shipments to India from Russia, Ukraine return to normal

Sebi gives more time to implement guidelines on share pledging for margin purposes

AMCs to be penalised for delay in dividend, redemption payments: Sebi

Apple’s China Pullback Could Be Crunch Time for IPhone Margins

India has great opportunity to make steel for domestic, global needs: T V Narendran

India Inc urges RBI to moderate pace of interest rates hikes

India’s low labour costs key in wooing firms to move production from China

G20 presidency big opportunity for India, must utilise it for global good:PM

India’s number one priority during G20 presidency should be to restore economic order that provides stability: Pankaj Saran. PTI

India and Colombia agree to deepen bilateral cooperation

Indian Railways seeks Rs 1.5 trillion as budget support; may announce 300-400 new Vande Bharat trains in FY24

Strong pent-up demand, higher capex spending aided growth: Q2 GDP growth seen around 6.5%

Sebi notifies insider trading norms for mutual funds

India’s pre-owned car market to surge 2.5X in value to be INR 4.4 Trillion and grow 2x in volume to reach 8.2 Mn units

OYO: From Agencies

IPO-bound OYO’s EBITDA rises 8 times, loss reduced by 20%

Adj. EBITDA grew 8x from Rs. 7 cr in Q1 to Rs. 56 cr

Growth in Adj. EBITDA led by rise in gross booking value per hotel

Net Loss narrows to Rs. 333 cr vs Rs 414 cr

Gross Booking Value (GBV) per hotel per month up 69% YoY to Rs. 3.48 lk

Rise in GBV per hotel due to improved occupancy & average room rentals as travel resumes

Gross rentals for OYO European Homes business stayed stagnant

On-going third quarter crucial to watch as it’s peak season for travel

Category of person

Number of Securities

Transaction Type

Mode of Acquisition

CHAMBAL FERTILISERS & CHEMICALS LTD.

Designated Person

6000

Disposal

Market Sale

KOTAK MAHINDRA BANK LTD.

Connected Person

1000

Disposal

Market Sale

MAFATLAL INDUSTRIES LTD.-$

Designated Person

3003

Disposal

Market Sale

MAHINDRA & MAHINDRA LTD.

Designated Person

15700

Disposal

Market Sale

ULTRAMARINE & PIGMENTS LTD.-$

Promoter Group

5558

Disposal

Market Sale

MASTEK LTD.

Designated Person

10000

Disposal

Market Sale

INDO AMINES LTD.-$

Promoter Group

42000

Disposal

Market Sale

SUN PHARMACEUTICAL INDUSTRIES LTD.

Director

10000

Disposal

Market Sale

Jubilant Pharmova Ltd

Other

50988

Acquisition

Market Purchase

Vaibhav Global Ltd

Promoter Group

8000

Acquisition

Market Purchase

Dhanlaxmi Bank Limited

Directors Immediate Relative

65000

Disposal

Market Sale

SONATA SOFTWARE LTD.

Designated Person

35833

Disposal

Market Sale

Axiscades Technologies Ltd

Designated Person

25000

Disposal

Market Sale

DIVI’S LABORATORIES LTD.

Designated Person

500

Disposal

Market Sale

UCO BANK

Designated Person

80000

Disposal

Market Sale

Sasken Technologies Ltd

Other

300

Disposal

Market Sale

MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.

Designated Person

8350

Disposal

Market Sale

INFO EDGE (INDIA) LTD.

Designated Person

6300

Disposal

Market Sale

ECLERX SERVICES LTD.

Trust

4878

Acquisition

Market Purchase

Vascon Engineers Ltd

Promoter

131500

Acquisition

Market Purchase

Syngene International Ltd

Designated Person

17515

Disposal

Market Sale

IDFC First Bank Ltd

Connected Person

626700

Pledge

Creation Of Pledge

IDFC First Bank Ltd

Connected Person

18000

Disposal

Market Sale

Mishtann Foods Ltd

Promoter & Director

318503

Acquisition

Market Purchase

Avenue Supermarts Ltd

Designated Person

3605

Disposal

Market Sale

Mahindra Logistics Ltd

Designated Person

5800

Disposal

Market Sale

HDFC Life Insurance Company Ltd

Director

80000

Disposal

Market Sale

IIFL Wealth Management Ltd

Employee

800

Disposal

Market Sale

India Pesticides Ltd

Other

3960

Acquisition

Market Purchase

NAHAR POLYFILMS LTD.

Promoter & Director

11380

Acquisition

Market Purchase

SANGHI INDUSTRIES LTD.

Promoter Group

2011914

Pledge

Creation Of Pledge

SHAKTI PUMPS (INDIA) LTD.-$

Promoter Group

13000

Acquisition

Market Purchase

UNO Minda Ltd-$

Designated Person

5000

Disposal

Market Sale

STEEL EXCHANGE INDIA LTD.

Promoter Group

4300000

Pledge

Creation Of Pledge

Star Health and Allied Insurance Company Ltd

Designated Person

10000

Disposal

Market Sale

ANALYST MEET

Piramal Enterprise to meet IIFL Securities and other group investors between 29th Nov to 30th Nov

Aegis Logistics to participate in IIFL’s “Invest India conference” in London on 29th & 30th November 2022

Aether Industries to meet Edelweiss Securities on 26th November

JK Cement to meet investors on 29th November, 2022 and 30th November, 2022

Paytm will hold Analyst and Investor Meet on November 30,2022

Syngene International Limited to meet Franklin Templeton AM on 29th November 22

Affle to meet JM Financial Institutional on 25th November

Tega to meet Bajaj Allianz Life Insurance on 28th November

Hindustan Zinc to meet group of invesstors for Non-deal Road Shows for disinvestment of residual GOI shareholding in HZL between 28th November till 07th December

Ajanta Pharma to meet group of investors Nomura Asset, Kotak Mahindra Offshore, GIC and others between 28th Nov till 29th November

Asian Paints to meet Goldman Sachs, HDFC MF, Nippon MF, Mirae MF and others on 28th November

TD Power to meet investors on 28th November 2022

E-Mudhra to meet Pinebridge Investments on 29th November

Tata Motors to meet Nordea Asset Management on 28th Nov and Eastbridge on 29th November

28,2022.

Thyrocare to meet Incred capital on 28th November

Navin Fluorine to participate in IIFL’s “Invest India conference” in London on November 29 and 30, 2022

M M Forgings Limited to meet Nirmal Bang Institutional Equities on Nov 28

Gallantt Ispat Limited to meet N Square Capital on Nov 28

Thyrocare to meet Incred capital on Nov 28

Navin Fluorine to participate in IIFL’s “Invest India conference” on Nov 29-30

Star Health met a group of investors/analysts on Nov 25

Data Patterns to meet New Vernon Capital on Nov 28, VEC Investments and Motilal Oswal on Dec 1

Aether Industries met Edelweiss Securities Limited on Nov 26

Ami Organics met Marcellus on Nov 26

Olectra Greentech to meet WhiteOak Capital Management Consultants LLP, GIC Private Limited, Nomura Asset Management, Helios Capital, Principal Asset Management Private Limited on Nov 28 and BlackRock (Singapore) Limited, Somerset Capital Management LLP, Arisaig Partners, Graticule Asset Management on Nov 29

link