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SGX Nifty: Last working day yesterday before delisting, new avatar as Gift Nifty from Monday
IMPORTANT DATA
β’ HDFC Life Insurance Company: Promoter Housing Development Finance Corporation has bought additional 1.65 crore equity shares or 0.77% stake in the life insurance company through open market transactions at an average price of Rs 674.87 per share. The stake buy was worth Rs 1,118.84 crore.
β’ Adani Enterprises: Promoter entity S B Adani Family Trust has sold 1.8 crore equity shares or 1.57% stake in the company via open market transactions at an average price of Rs 2,300 per share. The stake sale was amounted to Rs 4,140 crore. Gautam S Adani and Rajesh S Adani on behalf of S B Adani Family Trust held 59.13 crore shares or 51.87% stake in the company as of March 2023.
β’ Adani Green Energy: Goldman Sachs Trust II - Goldman Sachs GQG Partners International Opportunities Fund has bought an additional 1.19 crore equity shares or 0.75% stake in the renewable energy company via open market transactions at an average price of Rs 920.05 per share. However, promoter group entity Infinite Trade and Investment Ltd sold 4.6 crore shares or 2.9% stake in the firm at an average price of Rs 920.03 per share.
β’ Tata Communications: The Tata Group company has entered into an agreement to acquire US-based Kaleyra Inc which has subsidiaries in United States of America, Italy, India, UAE, Germany, UK, Dominican Republic, Mexico, Africa and Canada. Kaleyra, which provides mobile communication services, will give direct opportunity for Tata Communications to expand its CPaaS business on a global scale. The said acquisition is expected to be completed within 6-9 months and the purchase consideration of $7.25 per share will be in cash only. The aggregate consideration is expected to be around $100 million.
β’ Canara Bank: The public sector lender has received the board approval for its capital-raising plan for FY24, amounting up to Rs 7,500 crore, through debt Instruments. The bank will raise capital through Basel III compliant additional Tier I bonds to the extent of Rs 3,500 crore and additional Tier II bonds to the extent of Rs 4,000 crore during FY24.
β’ Zydus Lifesciences: The pharma company has received tentative approval from the United States Food and Drug Administration (USFDA) for Palbociclib tablets, which are available in 75 mg, 100 mg, and 125 mg strengths. Palbociclib is used to treat a certain type of breast cancer. The product will be manufactured at the groupβs formulation manufacturing facility in SEZ, Ahmedabad. Palbociclib had annual sales of $3.3 billion in the US as per IQVIA MAT April 2023.
β’ Bharat Petroleum Corporation: The oil marketing company has received approval from its board of directors for raising capital up to Rs 18,000 crore. This capital will be raised from the issue of equity shares on rights issue basis to eligible equity shareholders of the Corporation.
β’ Power Grid Corporation of India: The state-owned electric services company has received board approval for three investment proposals worth Rs 389 crore. The company will invest Rs 164.38 crore for establishment of dedicated telecom network for NTAMC, Rs 115.09 crore for Western region expansion scheme β XXXIII β Part A and Rs 109.47 crore for ICT augmentation at Navsari (new) associated with integration of additional 7 GW RE power from Khavda RE park under Phase-III.
β’ Madhucon Projects: The company said the board has announced the appointment of Sambasiva Rao as an additional director for finance and accounts, with effect from June 28. And Geeta Battula will be an independent director with effect from June 28 for five years. She will not liable to retire by rotation.
β’ SBI Life Insurance Company: The life insurance company has announced board approval for re-appointment of Mahesh Kumar Sharma as MD & CEO.
β’ Global Surfaces: Leading Light Fund VCC the Triumph Fund sold 6.25 lakh shares or 1.47% shareholding in engineered quartz stone supplier at an average price of Rs 204.16 per share. Leading Light Fund VCC the Triumph Fund had held 4.57% stake or 19.36 lakh shares in Global Surfaces as of March 2023.
β’ Syrma SGS Technology
Dear Viewers,
|Indian market is expected to open positive. Most of the Asian markets are trading positive.US market closed negative in the last trading session.
Important data
β’ Infosys: The country's second largest IT services provider has signed an agreement with Skillsoft, a transformative learning experiences provider, to revamp education and learning for students from class 6 to lifelong learners in India. Infosys will provide learners, free of cost, access to a rich repository of Skillsoft learning content designed to build technology, leadership and business, and behavioral skills through Infosys Springboard.
β’ Housing Development Finance Corporation: HDFC and HDFC Bank are working towards completing all the necessary formalities for completion of the proposed amalgamation. The effective merger date of July 1 and record date of July 13 are tentative & are subject to completion of certain formalities. Once the board members of HDFC and HDFC Bank decide on the effective date of the scheme as well as record date, the same would be intimated to stock exchanges.
β’ Gland Pharma: The United States Food and Drug Administration (US FDA) has issued Form 483 with one observation to the company's Pashamylaram facility in Hyderabad. This observation is procedural in nature. The US FDA has conducted pre-approval inspection (PAI) for company's 7 products and good manufacturing practice (GMP) inspection at Pashamylaram facility in Hyderabad between June 15 and June 27, 2023.
β’ State Bank of India: The bank has received approval from its Executive Committee of the Central Board for acquiring entire stake held by SBI Capital Markets in SBI Pension Funds, subject to receipt of regulatory approvals.
β’ HDFC Life Insurance Company: Promoter Housing Development Finance Corporation has acquired 1.49 crore equity shares or 0.69% in the life insurance company via open market transactions at an average price of Rs 667.1 per share, which amounted to Rs 992.64 crore.
β’ Titagarh Rail Systems: The company has received Letter of Acceptance (LOA) from the Gujrat Metro Rail Corporation (GMRC), for design, manufacture, supply, testing, commissioning and training of 72 numbers of standard gauge cars for Surat Metro Rail Phase-I. The order value of the project is about Rs 857 crore and execution would start 76 weeks after signing the contract. The project is scheduled to be completed in 132 weeks thereafter.
β’ Swan Energy: The cotton and polyester textile products manufacturer has received board approval for issuance of upto 2.3 crore equity shares at a price of Rs 300 per share or at a price being not lower than the minimum price, whichever is higher, on a preferential basis to the non-promoter. This is subject to the approval of members in the Extra Ordinary General Meeting.
β’ TCNS Clothing: The Competition Commission of India (CCI) has approved the acquisition of TCNS Clothing by Aditya Birla Fashion and Retail. The Aditya Birla Group company will acquire 51% shareholding in TCNS.
β’ Sapphire Foods India: Foreign company WWD Ruby has exited Sapphire Foods, which operates KFC, Pizza Hut and Taco Bell restaurants across India, Sri Lanka and the Maldives, as it sold entire 30.3 lakh equity shares or 4.77% stake in the company via open market transactions at an average price of Rs 1,377.1 per share. The stake sale was worth Rs 417.29 crore. However, Goldman Sachs (Singapore) Pte - ODI, Societe Generale - ODI, and The Nomura Trust and Banking Co Ltd as The Trustee of Nomura India Stock Mother Fund bought 12.53 lakh equity shares or 1.97% stake in the company at same average price.
β’ Ramco Cements: The company has commissioned Line III at its Ramamasamy Raja Nagar of 3,000 TPD (tonnes per day) capacity of clinkerisation. This is the first integrated cement line, commissioned in the last 15 years in the south of Tamil Nadu.
β’ Shalby: The multispeciality hospitals chain has signed an agreement with Divine Super Specialty Hospital, in Ranchi, to establish a Franchise-Owned-Shalby-Managed (FOSM) hospital in the region. Divine Super Specialty Hospital has a capacity of 60 beds.
β’ GR Infraprojects: The company is conducting investigation in pillar sinking incident at project location of SPV GR Galgalia
