Stock market essentials for November 30: Adani Properties bags rights to redevelop Asia’s biggest slum Dharavi
Photo : iStock
Global Cues
India 3Q GDP
India Fiscal Deficit
US 3Q GDP
China Composite, Manufacturing PMIs
Corporate Action:
KPI Green Energy: Board Meet to consider the proposal for issue of bonus equity shares
Lock-in Period ends for Dreamfolks of anchor investors; lock-in lifts on 7% of equity
IPO Action:
Last day to subscribe to Dharmaj Crop Guard IPO; so far subscribed 6x
Uniparts India IPO to open for subscription; offer for sale of Rs 835.6 cr; Price band:- Rs 548 to Rs 577
Others:
EIA Crude Oil Inventory Report
RBI deadline on Nov 30: Regulated entities engaged in digital lending to ensure compliance with new lending guidelines
Kirit Parikh Committee meeting on natural gas pricing over; Committee finalises report; Final report to be submitted to the Govt tomorrow
Oil & Gas Updates
Brent Crude at $83/bbl Vs $83/bbl
Singapore GRM at $6.8/bbl Vs $8.4/bbl
Asia Spot Gas prices at $30.5/mmBtu Vs $30.3/mmBtu
FII/DII Data:
FIIs net bought shares worth `1242 cr on Nov 29 (prov)
DIIs net sold shares worth `744 cr on Nov 29
FII F&O Cash Data:
Index futures net buy Rs 339 cr
Index options net sell Rs 5327 cr
Stock futures net sell Rs 299 cr
Stock options net sell Rs 115 cr
Total FII net buy Rs 5404 cr in F&O
F&O Ban:
Addition: PNB
BHEL, Delta corp, Indiabulls Hsg Fin
Bulk/Block Deal
Wipro
Societe Generale buys 18lk shrs @Rs405
Seller: BNP Paribas Arb
Dhanlaxmi Bank
Param Value Inv buys 15lk shrs @Rs16
CORPORATE ANNOUNCEMENT
VST TILLERS
showcased its newly launched VST 929DI EGT compact tractor at Krishithon 2022, India’s Premier Agriculture Trade Fair in Nashik and also showcased its other models like the 932 & MT1800
KIMS
has made a further investment by acquiring an additional equity stake of 7.79% in Arunodaya Hospitals Private Limited, it’s subsidiary on November 28, 2022
Company now holds 65.62% of the total paid-up Equity
Shares acquired at `370 per share
It is a multispecialty hospital with a capacity of 200 patient beds. This hospital is strategically located to serve patients in Srikakulam (AP) as well as from the neighboring state of Odisha
Turnover of 30.7cr in FY22
GLAND PHARMA
Purchase of Cenexi
Cenexi is engaged primarily in the business of CDMO of pharmaceutical products with expertise in sterile liquid and lyophilized fill-finished drug, including capabilities on oncology products
Consolidated turnover is Euro 184.1 million for the year CY 2021
100% equity interests in the Cenexi and Cenexi Holding Entities is EUR120,000,000
Investor presentation of Cenexi
BLS INTERNATIONAL
Record date for 1:1 Bonus to be 10 Dec
BIOCON
Completes Acquisition of Viatris’ Global Biosimilars Business
Viatris Sees FY Rev Lower About $80M with Biocon Deal Close
Viatris sees FY adj. EBITDA impacted by about $20 million from the closing of the Biocon Biologics transaction.
Viatris FY results to be impacted by biosimilars deal close
INOX GREEN
Inox GFL Group initiates strategic action to deleverage its’ Wind Business
Inox Green has paid `250 cr towards reducing its debt
Inox Wind has paid `161 cr towards reducing its debt
Further debt reduction in both the companies is underway
IDFC
SEBI approval for change in control of IDFC MF
Adani Group won the project with a bid of Rs 5,069 crore.
Apart from Adani Group, DLF and Naman Group had also submitted bids.
AIR INDIA-VISTARA MERGER
Tata Group to consolidate Air India & Vistara
Singapore Airlines to invest `2,059 cr in Air India as part of merger
SIA, Tata to complete merger by Mar 2024, subject to approvals
SIA to invest $250 mn in Air India as part of the deal
SIA consideration for merger for 25.1% equity in enlarged Air India
FROM AGENCIES
India’s central bank to start testing retail digital rupee with four banks
Tata Motors: JLR retails – Beginning to grow on a low base
Honda Cars India signs agreement with MSTI to offer environment friendly vehicle scrapping solution
India lifts ban on exports of organic non-basmati rice
Bandhan Financial gets Sebi nod to takeover IDFC AMC
Cred continues fintech consolidation; Dailyhunt parent sacks 150 workers
India’s drug controller grants approval to 1st intranasal COVID-19 vaccine
Sebi bars five brokerage houses for six months
Suzuki Motor sees Indian PV market at 7-8 mn by 2030, Maruti aims 50% share
India free trade gets new year green light
Reliance Capital Receives Nine Final Bids: Mint
Dutch Prosecutors Inspect Tata Steel Site in Pollution Probe
Russia has asked India for more than 500 products for potential delivery including parts for cars, aircraft and trains, Reuters reports
TVS Motor rolls out 2023 TVS Apache RTR 160 4V at `1.30 lk (ex-showroom
ZOMATO
Alibaba to sell ~3.5% stake in co
Likely to offer 5-6% discount on yesterday close price
Post deal Alibaba likely to hold 10% stake
Citi said to be broker to deal
INSIDER TRADE
ANALYST MEET
Paras Defence to meet several investors on 30 Nov
Voltas to meet several investors from 30 Nov to 9 Dec: Bank of America, MS, Fidelity, Mirae, BNP Paribas, FSSA Investments, ITI Long, BOBCaps
IEX to meet Jeetay Investments on 30 Nov
Infybeam Avenues to meet with several investors from 30 Nov to 5 Dec
Alkem Labs to meet Phillip Capital, Enam AMC, Mahindra Manulife MF on 30 Nov and 1 Dec
ABFRL met Ward Ferry and ICICI Pru Life on 28 and 29 Nov
Fine Organics to attend investor conference of PL on 30 Nov
Allcargo to meet several parties on 1 Dec
Aether to participate in Prabhudas Lilladher Speciality & Agro Chemicals Conference’ in Mumbai on 1 Dec
Aether met with Acis MF on 29 Nov
Hindware Home Innovation to meet Nalanda Capital on 30 Nov
ICICI Bank attended Goldman Sachs India CIO Tour 2022 on 29 Nov
DCB Bank met with Neuberger Berman Investment Advisers LLC on 29 Nov
Jindal Steel and Power met with ICICI Prudential AMC, SBI MF, TATA AIA and MIRAE on 29 Nov
Olectra met with multiple investors including Blackrock today
Medanta to meet with Ward Ferry on 1st Dec
Phoenix Mills participated in the 11th Goldman Sachs India CIO tour, held on Tuesday, November 29, 2022
Metro Brands met with Dolat Capital and WCM Investment on 29 Nov
Gokaldas Exports met with Ambit on 30 Nov
Hindustan Foods to meet Helios Capital and SBI MF on 30 Nov