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Stock market highlights for November 22: Adani Group launches open offer for NDTV
Photo: BCCL
Today’s Event:
New List:
Kaynes Technology
IPO Price: Rs 587/-
Syrma SGS anchor lock-in open; about 3% of the equity comes out of the lock-in
Nykaa Block deal today: Lighthouse Prepares to sell 1.86 cr shares on Block Trade at maximum discount of 2%
Corporate Action
Vedanta to consider and approve the Third Interim Dividend
The last day to buy Hindustan Zinc became eligible for dividends – 4.7% dividend yield
Last day to buy Maharashtra Seamless to be eligible for bonus withdrawal (1:1)
Last day to buy Mindtree before merger (Record Date: 24 Nov)
Mindtree –L&T Infotech MSCI Adjustment
Mindtree to be deleted
L&T Infotech to move to MSCI Global Standard Large Cap from MSCI Global Standard Mid Cap
Mindtree – outflow – $150-160 million – 6.2x average daily volume
L&T Infotech – inflow – $120-140 million – 6x average daily volume
Oil & Gas Updates
Brent Crude at $87.5/bbl Vs $88/bbl
GRM Singapore at $9/bbl Vs $8.3/bbl
Asian Spot Gas Prices at $27.3/mmBtu Vs $26.3/mmBtu
FII/DII data:
FII net selling shares worth Rs 1594 cr on 18 Nov
DIIs net bought shares worth Rs 1263 cr on 18 Nov
F&O FII Cash Data:
Index futures net sell Rs 761 cr
The net index option sold Rs 1068 cr
Stock futures net bought Rs 194 cr
Stock options bought a net of Rs 405 cr
Total net FII sold Rs 1230 cr in F&O
F&O Restrictions:
GNFC, IndiaBulls Hsg, PNB, SunTV
Additional: Accompaniment
Removed: Blarampur Chini, BHEL, Delta Corp
Bulk/Block Offer:
Quant Money Manager Limited Buy Archean 650000 @ 452.59
Ca Swift Investments For Sale Delhivery 18404607 @ 330.02
Morgan Stanley Asia (Singapore) Pte. buy Delhivery 4854607 @ 330
Saint Capital Fund Purchased Easemytrip 2200000 @ 52.
Company announcement
lupines
Lupine Foundation Signs MoU with Rajasthan Government to strengthen Health system
MoU to address the prevalence of Cardiovascular Disease (CVD) and Chronic Obstructive Pulmonary Disease (COPD)
Blue star
Kotak Mahindra Mutual Fund has acquired 0.66% of the stake in Blue Star taking the total stake to 5.04%
Housing Development Finance Corporation
To issue 7.79% secured redeemable NCDs on a private placement basis in an issue size of Rs. 1900 crore
The proceeds will be utilized to finance/refinance the real estate finance business requirements
Bids will be opened on the 23rdrd November 2022 and the redemption date is on the 24thTh November 2032
Power Finance Corporation
Incorporated 2 Special Purpose Vehicles (SPV’s) to develop the Independent Transmission Project
SPVs have been incorporated as WoS of PFC Consulting Limited, a wholly-owned subsidiary of PFC.
United City Shriram
The record date for purposes of the Merger/HiveOff is November 30, 2022
Diamond Power Infra
To request the shareholders to increase the loan limit to Rs 3000 cr
Vodafone idea
A special resolution to issue securities on preferential basis was passed in the EGM
UCO Bank
The Central Government has appointed Shri Rajendra Kumar Saboo, Chief General Manager, Punjab National Bank as Executive Director at UCO Bank for a period of three years.
Kirloskar Electricity Company
The company’s unit located at Govenahalli has been partially extended for 36 employees out of 148 total employees for 60 days.
Electronic MIC
Received an order of Rs. 2 Crore from Ratlam S and T Division, Ratlam, Madhya Pradesh, (Western Railway)
Dhunseri Tea & Industry
Bank of Canada
Thomas Cook
Announcing the opening of its new wildlife resort in Pench National Park.
The resort boasts of a variety of stay experiences with 22 Premier rooms, cottages, mud houses
Hi Tech Steel Pipe
Board Meeting 24Th November to consider fund raising through the preferential issue of securities
Bank of India
The Central Government appointed Shri Mahesh Kumar Bajaj, General Manager, Bank of India as Executive Director in Bank of India
Paper JK
The Board approved the acquisition of Horizon Packs Pvt. Ltd. (HPPL) and Securipax Packaging Pvt. Ltd- (SPPL)
Acquisition to facilitate expansion of corrugated packaging business in terms of volume
85% of each entity’s shares will be recognized within 3 weeks of SPSHA
The balance of 15% will be acquired within a period of 3 years as per SPSHA respectively.
In FY22, HPPL and SPPL had a combined Revenue of Rs. 832 Cr
Purchase consideration for acquisition of 85% equity shares
HPPL will be Rs. 19.33 per equity share of Rs. 10 each and SPPL will be Rs. 1256.95 per equity share of Rs. 100 each
Communication Praveg
Has received a Work Order from the Department of Tourism Development, Operation, Maintenance and Management of City Tents at Jampore Beach, Daman.
Biocon
Biocon Biologics (a subsidiary of Biocon) has executed a Debt Facility Agreement in the amount of US$ 1.2 billion.
The proceeds will be used to finance the acquisition of Viatris Inc.’s biosimilars business.
Jubilant FoodWorks
Jubilant FoodWorks International Luxembourg, a step down the wholly owned subsidiary of the Company approved the incorporation of a wholly owned subsidiary in Nepal.
Bank of India
Reported loan fraud exposure if ~ 60 cr (provided for ~ 52 cr)
bouffant
Shri Lalit Tyagias Executive Director Bank of Baroda for three years
Union Bank
Shri Ramasubramanian S. assumes responsibility as Executive Director
Mobile Route
Route Mobile Limited Strengthens Its Presence In The Gcc (Gulf Cooperation Council) By Entering The Kingdom Of Saudi Arabia With A Citc Win License”
Sadbhav Infrastructure Project
Mr. Rohit Modi as Chief Executive Officer (CEO) of the Company in the category of Key Managerial Personnel wef November 21, 2022.
Resignation of Mr. Nitin R. Patel Company Director with immediate effect
Resignation of Mr. Vasistha C. Patel, Managing Director of the Company with immediate effect
SADBHAV ENGINEERING LTD. –
mr. Rohit Modi has been appointed as the Chief Executive Officer (CEO) of the Company in the category of Key Managerial Personnel wef 21 November 2022.
WELSPUN INDIA / FROM AGENCIES
Approved the sale of 2 units to MGN Agro Properties
FROM THE AGENCY
Aurobindo Pharma aims to complete the `2000 cr Pen-G plant in AP by March’24
Srcs says Elon Musk fires over Twitter sales staff to balance workforce: Agency
Saudis deny reports of discussions on OPEC+ oil output hike: Agency
India’s Big Plan for Cleaner Jet Fuel Faces Obstacles
India, EU ink pact on climate, quantum technology
Infra sector seeks rise in public expenditure, rationalization of GST from FM Sitharaman
India Cancels Suvidha Water Form For International Passengers
India, British trade treaty will be reviewed
India’s Ethanol Output Set for Record High in 2023: ISO
FSSAI proposes regulations for genetically modified food: PTI
Asset monetization of `33,422 cr in FY23 so far, Coal Min leads with `17000 cr
Punjab Govt installs 300 megawatt solar power project
Tim Hortons plans to open 120 stores in the next 3 years
Jio gets NCLT approval to acquire Reliance Infratel: PTI
India Announces Rules to Curb Fake Online Reviews
Indian food service market to reach USD 79.65 billion by 2028: Report
INSIDER TRADING
Analysts meet
Dabur will participate in KIE India Kotak Consumer Forum on November 22, 2022 at Trident Hotel.
GMM Pfaudler will participate in non-deal roadshows between 22 Nov- 05 DecTh in Singapore, England and the US
Polycab will meet investors at the Kotak India Consumer Forum with InCred Capital on the 22ndn.d November
Kabra Extrusion will meet with JP Morgan, Phillips Capital and other investor groups on the 22ndn.d November
PI Industries will meet with investors on November 22, 25Th and 29Th 2022
Rushil Decor will meet Param Capital on 22n.d November 22
Hindware Home Innovation will meet with a group of investors on the 22ndn.d November 22
Mahindra Holidays will meet Six, Monarch on the 24thTh Nov and other investors on the 28thTh November
Brookfield is holding an Analyst Meet and Asset tour between November 21 and November 23, 2022
Global Health will meet the JM Financial Family Office on the 22ndn.d November
Rail Vikas Nigam will meet Investors between 22n.d Nov to 30Th November
IEX will meet with a group of investors between November 22-24Th 2022
IndusInd Bank will hold an Investor Day Meet for buy-side analysts on 22 November 2022 in Sukabumi.
Sapphire Foods will participate in the Institutional Box Equities Consumer Forum 2022 on November 22.
Syngene International meets C Worldwide Asset Management on 23rd November
Tinna Rubber to meet investors for a factory visit on Tuesday, November 22, 2022
Crisil will meet UTI MF on 25Th November
Titan met HSBC Asset, Morgan Stanley and other investor groups between 22n.d November – 01St. December
State Bank of India met investors in a conference organized by Motilal Oswal on 22n.d November
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