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• Coforge: SBI Mutual Fund, Societe Generale - ODI, Smallcap World Fund Inc, Morgan Stanley Asia Singapore Pte, Kotak Funds - India Midcap Fund, ICICI Prudential Life Insurance Company, HDFC Mutual Fund, and Aditya Birla Sun Life Mutual Fund has bought 62.93 lakh equity shares or 10.3% stake in the mid-sized IT company, which amounted to Rs 2,976.5 crore. However, promoter Hulst B V, owned by Baring Private Equity Asia, exited the company by selling entire 1.62 crore equity shares or 26.63% stake at an average price of Rs 4,722.15 per share, amounting to Rs 7,683.53 crore.
• Amber Enterprises India: The Government of Singapore has bought 4.05 lakh equity shares in Amber Enterprises India, which provides solutions to air conditioner OEM and ODM industry, via open market transactions, at an average price of Rs 2,800 per share. The stake buy was worth Rs 113.48 crore.
• Max Financial Services: Plutus Wealth Management LLP has bought 25 lakh shares in the Max Group company and UBS (US) Group Trust acquired 47.5 lakh shares at an average price of Rs 873 per share. Together they bought 2.1% stake worth Rs 632.92 crore. However, promoter Max Ventures Investment Holdings sold 1.12 crore shares or 3.26% stake in the company at same price, which was worth Rs 982.12 crore.
• Sapphire Foods India: Promoter Sapphire Foods Mauritius has sold 16.25 lakh equity shares or 2.55% stake in the franchisee of Yum! Brands Inc, via open market transaction, at an average price of Rs 1,355 per share. However, Wtcnam Common Trust Funds Trust Emerging Markets Opportunities Portfolio bought 11.14 lakh shares or 1.75% stake at same price.
• Universal Autofoundry: Ace investor Ashish Rameshchandra Kacholia has picked 8.54% stake or 10.34 lakh equity shares in the iron foundries company via open market transactions at an average price of Rs 161.59 per share. Himalaya Finance & Investment Company also bought 10.34 lakh shares at an average price of Rs 168.49 per share. However, Urmila Gupta sold 1.17 lakh shares at an average price of Rs 193.4 per share, Payal Gupta offloaded 9.85 lakh shares at an average price of Rs 160 per share, Kishan Lal Gupta 1.77 lakh shares at an average price of Rs 193.4 per share, and Amit Gupta 7.71 lakh shares at an average price of Rs 160 per share, who were part of promoter group and offloaded their entire personal shareholdings.
• Manappuram Finance: Foreign portfolio investor Quinag Acquisition (FPI) exited the gold loan financing company by selling entire 8.38 crore equity shares or 9.9% stake via open market transactions at an average price of Rs 140.5 per share. However, BofA Securities Europe SA bought additional 62.6 lakh shares or 0.74% stake in the company at an average price of Rs 140.17 per share, and Chartered Finance and Leasing purchased 50 lakh shares at an average price of Rs 140.3 per share. Mansi Share & Stock Advisors net bought 36 lakh shares in Manappuram at an average price of Rs 140.29 per share, and F3 Advisors net purchased 35.83 lakh shares at an average price of Rs 140.53 per share.
• Granules India: The pharma company has received the Accreditation Certificate of Foreign Drug Manufacturer from Pharmaceuticals and Medical Devices Agency (PMDA), Japan for its Jeedimetla facility in Telangana. The certification has been received for accreditation categories of non-sterile drugs, packaging, labelling and storage of drugs. Jeedimetla facility manufactures active pharmaceutical ingredients (API) and pharmaceutical formulation intermediates (PFIs). Further, Granules also received the approval from Brazilian Health Regulatory Agency (ANVISA), for compliance with the guidelines of good manufacturing practices for its Bonthapally facility, in Telangana. Bonthapally facility manufactures API.
• GI Engineering Solutions: GG Engineering continued offloading stake in the engineering design company for fourth consecutive session. It sold 25.84 lakh shares at an average price of Rs 12.15 per share, and 11.8 lakh shares at an average price of Rs 12.14 per share. With Thursday's 4.37% st
IMPORTANT DATA
• One 97 Communications: Promoter Antfin is likely to sell 3.6% stake or 2.3 crore shares of fintech company Paytm through a block deal on August 25, reported Bloomberg. The floor price for the deal is likely to be at a discount of Rs 880.10 per share, a 2.7% discount to Thursday's closing price.
• Astra Microwave Products: The manufacturer of sub-systems for radio frequency and microwave systems has bagged orders worth Rs 158 crore for supply of satellite sub-systems, airborne radar and sub-systems of radar and EW projects, from DRDO, ISRO and DPSU's.
• Bharat Electronics: To enhance the efficiency of the Indian Air Force, the Defence Acquisition Council has granted Acceptance of Necessity for procurement and installation of electronic warfare (EW) suite on Mi-17 V5 helicopters under the buy (Indian-IDDM) category which will enhance better survivability of helicopters. The EW Suite will be procured from Bharat Electronics (BEL).
• KPI Green Energy: The company has received commissioning certificates from Gujarat Energy Development Agency (GEDA) for 4.10MW wind-solar hybrid power project at Bharuch in Gujarat. The power project comprises 2.10MW wind and 2MWdc solar capacity, being company's own power generating asset portfolio.
• Borosil: Subsidiary Klass Pack has completed acquisition of additional 4.56% stake in Goel Scientific Glass Works by purchasing 1,66,290 equity shares from Hemant Goel. With this purchase, shareholding of Klass Pack in Goel Scientific has increased from 90.17% to 94.73%.
• Vedanta: The mining company has received an arbitration award upholding the company's contention in Rajasthan block case. The contention of the company is that the additional profit petroleum is not payable as per terms of the production sharing contract for Rajasthan block. The profit petroleum is on account of Director General of Hydrocarbon (DGH) audit exceptions in relation to allocation of common development costs across Development Areas and certain other matters.
• Syrma SGS Technology: The electronics manufacturing services company has received board approval for appointment of Satendra Singh as Chief Executive Officer (CEO) with immediate effect.
• Bharti Airtel, Reliance Industries: In the month of June, total wireless subscribers increased by 0.03 percent from 114.32 crore at the end of May 2023, to 114.36 crore at the end of June 2023. The private access service providers held 91.11% market share of the wireless subscribers in June 2023, while the PSUs BSNL and MTNL had a market share of only 8.89%, as per data released by Telecom Regulatory Authority of India (TRAI). Telecom operator Bharti Airtel has net added 14.09 lakh users in June against 13.28 lakh addition in May, and Reliance Jio, a part of Reliance Industries' Jio Platforms, has net added 22.7 lakh users in June against addition of 30.38 lakh users in previous month, whereas Vodafone Idea lost 12.85 lakh users in June against loss of 28.15 lakh users in May.
• Reliance Industries: The billionaire Mukesh Ambani-owned Reliance has entered into an understanding with The Oberoi Hotels and Resorts (Oberoi) to jointly manage three properties across India and the UK. These include the upcoming Anant Vilas Hotel in Mumbai’s Bandra Kurla Complex (BKC), the iconic Stoke Park in the UK, and another planned project in Gujarat.
• Venugopal G Nair resigns as MD & CEO of Shoppers Stop, Kavindra Mishra to be new CEO Shoppers Stop: Venugopal G Nair has resigned as Managing Director & CEO of the department store chain with effect from August 31, 2023. The board members have appointed Kavindra Mishra as an Additional Director of the company with effect from September 1. Kavindra has also been promoted from his position as Chief Commercial Officer and CEO of Homestop to Executive Director & Chief Executive Officer of Shoppers Stop for three years.
• Coforge: SBI Mutual Fund, Societe Generale - ODI, Smallcap World Fund Inc, Morgan Stanley Asia Singapore Pte, Kotak Funds - India Midcap Fund, ICICI Prudential Life Insurance Company, HDFC Mu
IMPORTANT DATA
• TVS Supply Chain Solutions: The TVS Mobility Group company will make its debut on the BSE and NSE on August 23. The issue price has been fixed at Rs 197 per share.
• Piramal Enterprises: The company said the board members have approved the public issuance of non-convertible debentures (NCDs) for up to Rs 3,000 crore. The public issuance of Rs 3,000 crore will take place in one or more tranches.
• Vodafone Idea: The debt-ridden telecom operator plans to clear about Rs 2,400 crore of dues to the government by September, sources privy to the development told PTI. The company will clear dues for the June 2023 quarter and spectrum instalment with applicable interest by September, the source said. Vodafone Idea had to pay a licence fee of around Rs 770 crore by July and Rs 1,680 crore as the first instalment for the spectrum it purchased in auctions that were held last year.
• BEML: The state-owned entity has bagged order from Ministry of Defence (Army) for supply of command post vehicles. The order is worth Rs 101 crore approximately.
• 4/11BEML: The state-owned entity has bagged order from Ministry of Defence (Army) for supply of command post vehicles. The order is worth Rs 101 crore approximately.
• RITES: The state-run railway company has emerged as the lowest bidder in the tender floated by the Railway Board. The estimated order value is Rs 65.4 crore. The company will do a service testing and inspection of rails as per IRS T-12 2009 for the Indian Railways. The contract will be executed within a five-year period, and extendable by up to one year.
• Polycab India: The electrical equipment maker has issued a comfort letter to HDFC Bank for the enhanced borrowing facility from Rs 52 crore to Rs 89.97 crore to be availed by subsidiary Tirupati Reels. Subsidiary will use funds for working capital and capex expenditure to meet its business requirement for manufacturing business.
• Bharat Forge: The validity period for the guarantee provided by the company to its wholly owned step-down subsidiary, Bharat Forge Aluminum USA, Inc, has been revised. The amount of $15.5 million issued in favour of JP Morgan Bank was earlier valid till November 27, 2023. The said guarantee is amended and the revised validity period is till July 31, 2026.
• Wipro: The leading IT services company has launched the digital skills credentialing and verification initiative in India, to create transparent talent ecosystem. The initiative will make validation of credentials easier, faster, and more reliable.
• SJS Enterprises: Promoter entity Evergraph Holdings Pte Ltd sold 29.52% stake out of its personal holding of 34.15% in the aesthetics solutions provider, through open market transactions. Evergraph offloaded 45.82 lakh shares each in SJS at an average price of Rs 600 per share, and Rs 600.06 per share, respectively, amounting to Rs 549.87 crore. Investor Sanders Consulting sold 1.73 lakh shares in the company at an average price of Rs 600.78 per share. However, investors bought 75.35 lakh shares or 24.3% stake in SJS at an average price of Rs 600 per share.
• Shriram Properties: Foreign company Omega TC Sabre Holdings Pte Limited sold further 2.29 percent stake or 39 lakh shares in the real estate developer, via open market transaction, at an average price of Rs 78.44 per share, amounting to Rs 30.59 crore. In previous session, Omega had sold 18 lakh shares or 1.06% stake. With this, the total shareholding sold by Omega is 3.35% so far, against 9.39% held as of June 2023.
• NBCC: NBCC (India) and Delhi Metro Rail Corporation (DMRC) signed Memorandum of Understanding to work together in the field of building & infrastructure development in overseas.
