Events today
IndiaMart InterMesh and Sarda Energy – last day of buyout
Indian Overseas Bank board meets to consider fundraising
Government to release trade data for May
Securities transaction
None
DII/FII data
FII sold Rs 4502 cr net worth of shares on June 14 (prov)
Net DIIs purchased for Rs 3808 cr of shares on June 14
FII F&O cash data:
Net sale of index futures Rs 342 cr
Net index options buy Rs 1519 cr
Net forward sale on shares Rs 226 cr
Net sale of stock options Rs 10 cr
Total FII net buys Rs 941 cr in F&O
F&O Ban
Delta Corporation
RBL Bank
Added: – Indiabulls Housing
Bundle/Bulk Offer
None
Company announcements
Tarson Products
Signing of a Memorandum of Understanding with the Board of Radiation & Isotope Technology, regarding the establishment of the Company’s Gamma Radiation Processing Plant at Amta, Howrah, West Bengal for captive consumption
Resignation of Shekhar Bajaj as non-executive director on June 30, 2022
Investigate different ways to return excess cash to its shareholders
The June 14 meeting was time-limited and therefore postponed.
The board has asked that other dimensions of the buyout be explored.
Commercial operation of the second part of the 15 MW capacity of the 56 MW of the Kawas solar photovoltaic project wef 15.6.22
Quadruple the number of employees in Norway
Over the next two years, the company is looking to grow from 85 to 350 employees in Norway
Cipla and DNDi launch child-friendly 4-in-1 antiretroviral treatment for young children living with HIV in South Africa
LIC
Increased stake in Hero Motocorp from 9.163% to 11.256% at an average cost of Rs 3050/sh
Increased stake in HUL from 4.995% to 5.008% at an average cost of Rs 2206/sh
Pricol
Appointment of Priyadarsi Bastia as CFO and KMP from July 1, 2022
Resignation of P.Krishnamoorthy, CFO on June 30, 2022
Engineers India and NLC India
Appoints Engineers India Ltd (EIL) as Project Management Consultant for Rs 4400cr Methanol Project
M&Ms
NCLT led the convening of the shareholders’ meeting on August 19, 2022 to consider Mahindra Electric Mobility Limited’s draft merger plan with the company
Praveg Communications
Received Letter of Commitment from Tourism Corporation of Gujarat to develop a site in Adalaj, Gandhinagar, Gujarat as a theme destination.
Genesys International
Issue shares and convertible warrants to non-promoters within a price range of Rs 460 to Rs 470.
The company is raising funds of nearly Rs 255 cr.
Malabar India Fund will inject Rs 100 cr via shares and warrants.
Sundar Iyer, Ashish Nanda, Kamlesh Shah, Vijay Karnani, Sanjana Gupta, Inder Soni, Abhinaya Chakravarthi and Mathew Cyriac to infuse Rs 155 cr.
Market capitalization: – Rs 1749 cr
Bharti Airtel
Acquiring a 14% stake in Avaada MHAmravati for Rs 6.3 cr. for the purpose of owning and operating the Captive Power Plant.
Steel and Might of Jindal
Steel sales of 5.25 lakh tons rose 5% yoy in May
Production of 6.98 lakh tonnes increased by 1% year-on-year
GR Infra
The company says an FIR has been filed against the company and its three officials who are now under arrest.
CBI summoned the President on 14.06.2022, and he duly appeared.
No impact on business operations.
Other news
Credit reviews by Fitch
Airtel, Adani Transmission, BPCL, IOCL, HPCL, ONGC, Oil India, NTPC, Power Grid: – Negative to stable outlook
BPCL: – Negative to stable outlook
IOCL: – Negative to stable outlook
The change in outlook follows the revision of India’s outlook from stable to negative.
CLSA Investor Day: Tata Communications
Take multiple initiatives to strengthen its products and execution capabilities
Aims for double-digit data revenue growth – moderate as data revenue growth returns
Challenges:- global supply chain issues, employee attrition and delayed business decision
Short-term challenges meant there was no forecast for revenue growth
International revenue share will rise, but also renewed interest in India
Claims to have a 32% share of Indian corporate and corporate markets
Indian corporate and corporate markets expected to grow 44% to Rs 41,600 by FY26
Margin forecast is 23%-25% with investment forecast of 300m USD
CLSA
Maintain outperformance; TP cut at Rs 1070 from Rs 1440
India approved Rs 1,310 cr airport at Dholera, Gujarat
The airport will be operational from 2025-26
Initial traffic expected to be 3 lakh passengers per year
Passenger traffic is expected to reach 2.3 million in 20 years
From Bloomberg
CCI approves Bain Capital’s purchase of up to 24.98% stake in IIFL Wealth
CCI approves acquisition of Air Asia India by Air India
ICC Approves Sale of Viatris Global’s Biosimilars Portfolio to Biocon
CCI approves redesign of GSK Consumer Corporate
Aurobindo Pharma: Obtains FDA NDA Approval for Brivaracetam
Ajanta Pharma Obtains ANDA Approval from the FDA for Topiramate
Insiders
| Companies | Category | Number of actions | Activity |
| Uflex | promoter | 14,000 | Bought |
| Financial Max | Trust | 205,722 | Bought |
| NCL Industries | Director | 16,019 | Bought |
| Som Distilleries | Promoter | 32,000 | Bought |
| Shepherd Paintings | Director Associated company | 1,000 | Bought |
| Zydus Wellness | promoter | 9,580 | Bought |
| Lincoln Pharmacy | Promoter | 104,500 | Bought |
| Praveg Communications | Promoter | 10,479 | Bought |
| RPG life | Promoter | 6,682 | Bought |
| Shaby | Promoter | 10,000 | Bought |
| Mrs Bectors | promoter | 6,000 | Bought |
| NIIT | Designated person | 61,770 | Sold |
| M&Ms | Designated person | 3,000 | Sold |
| Wipro | Designated person | 9,910 | Sold |
| Usha Martin | promoter | 137,000 | Sold |
| Mphase | Designated person | 500 | Sold |
| Geojit Financial | Promoter (BNP Paribas) | 35,000 | Sold |
| GATI Promoter | Promote | 20,000 | Sold |
| Firstsource Solutions Employee | Benefits Trust | 533,750 | Sold |
| V Guard Industries | Directors, KMPs and Designated Person | 22,080 | Sold |
| AB Capital | Designated person | 82,302 | Sold |
| Chambal Fertilizer | Promoter | 2,075,000 | Engaged |
Investor/analyst meeting
Finolex Industries interacted with Sameeksha Capital on June 13, JMP Capital Investment on June 14
IIFL Finance call with Theleme Partners on June 14, Duro Capital on June 16
Gabriel India will interact with the investor/analyst on June 15
PB Fintech meets the capital of Marval on June 13
Nuvoco Vistas meeting with Marval Capital, Dalton Investments, Haitong Securities on June 15 and DAM Capital on June 17
Manappuram Finance meeting with ENAM asset management on June 14
Supriya Life sciences will dialogue with philip capital on June 15
Shriram transport finance meeting with Kotak MF, Pzena Investment Management on June 13 and MFS on June 14
eClerx Services meeting with Svan Investment Managers on June 14
Devyani International investor / analyst at philip capital on June 15
Star Health and Allied Insurance meeting with Paradice Investment Management on June 14
Ultratech Cement Investors Meeting with Abu Dhabi Investment Authority on June 15
Great Eastern Shipping meeting with a group of investors/analysts on June 15, Philip Capital on June 16
SBI will participate in a meeting with a group of investors organized by Bank of America
KRBL meeting with Banyan Capital on June 15, M3 Investment and O3 Capital on June 16
Barbeque Nation meets with investors/analysts IDBI Capital Markets & Securities on June 15
PVR will participate in the “UK & EU Virtual Access Day”, organized by CLSA, on June 15
Brigade Enterprises meets a multitude of investors on June 16 and 17
Meeting between TATA Chemicals and Philip Capital Ground View Annual Investor Conference on June 16
MapmyIndia Meeting with Marvel Capital, Dalton Investment and June 13
TCNS apparel meeting scheduled with Abu Dhabi Investment Authority on June 14
CSB Bank to Attend Investec India’s Annual BFSI Conference on June 16
Persistent System interacted with Enam AMC and interacted with many investors on June 15
A small financial bank in the AU organized a meeting with Equirus on June 14
Syngene International will meet UTI MF on June 15 and White Oak on June 17.
Som Distilleries will meet Augmen Consulting, Keynote Capital and Nirmal Bang on June 15.
