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IMPORTANT DATA • HDFC Asset Management Company: Abrdn Investment Management (formerly Standard Life Investments) is expected to exit HDFC AMC by selling entire 2.18 crore equity shares or 10.2% stake via block deals on June 20. The selling price is likely in the range of Rs 1,800-1,892.45 per share, a 0.0-4.9 percent discount to closing price of June 19. BofA Securities is the sole bookrunner for the transaction. • Sun Pharmaceutical Industries: Subsidiary Sun Pharma Canada Inc has received approval from Health Canada for WINLEVI (clascoterone cream 1%). WINLEVI is the first and only androgen receptor inhibitor indicated for the topical treatment of acne vulgaris (acne) in patients 12 years of age and older. • Timken India: Promoter Timken Singapore Pte Ltd is expected to offload 63 lakh equity shares or 8.4% stake in the ball and roller bearing manufacturing company via block deals on June 20. The floor price for the transaction is at around Rs 3,000 per share, a 14% discount to closing price of June 19. The offer size could be Rs 1,890 crore or $231 million. BofA Securities is the sole bookrunner for the transaction. • Aether Industries: The specialty chemical manufacturer has launched its qualified institutional placement (QIP) issue on June 19. The floor price for the offer has been fixed at Rs 984.90 per share by the fund raising committee. As per CNBC-TV18's sources, the fund raising is expected to be around Rs 750 crore. • Can Fin Homes: The housing finance company has received board approval for raising funds up to Rs 4,000 crore via debt instruments, and up to Rs 1,000 crore via qualified institutional placement (QIP), preferential allotment, or Rights issue. The board also sought approval for fund raising from shareholders. It has appointed Murali Ramaswami as an Additional Director (Independent Non-Executive Director), and Ajay Kumar Singh as an Additional Director and Whole–time Director designated as Deputy Managing Director with effect from June 19. • ITC: The company has entered into definitive agreements to acquire further 857 compulsorily convertible preference shares of Mother Sparsh, for Rs 11.54 crore. With this, its stake in Mother Sparsh will increase from 22% to 26.50%. • InterGlobe Aviation: The low-cost airline has placed an order for 500 Airbus A320 Family aircraft. The order will be delivered between 2030 and 2035. Now IndiGo’s order-book comprises a mix of A320NEO, A321NEO and A321XLR aircraft. • 3i infotech: The technology service provider has received contract from the Indian private sector bank, for managed services partner for data center domain. Total contract value is Rs 42.60 crore, spread across two years. • IIFL Securities: The Sebi has banned brokerage IIFL Securities from onboarding new clients, in the stock broking operations, for two years. As per Sebi order, IIFL has mixed clients' funds with proprietary funds, used credit-balance client accounts to settle obligations of debit-balance client accounts, and used credit-balance client accounts to settle proprietary-trade obligations. • ITI: The telecom equipment company has signed a Tripartite MoU with Centre for Development of Telematics (CDOT), and Telecommunications Consultants India (TCIL), to synergize R&D efforts in telecommunications. Each project will be governed by a separate Project Agreement, in which TCIL will be the lead partner, C-DOT will be the technology partner and ITI will be the manufacturing partner. • Royal Orchid Hotels: The hospitality company has appointed Philip Logan as its Chief Operating Officer (COO). Logan will report directly to Chairman & MD Chander K Baljee. • Vishnu Chemicals: The company has announced shutdown of Vizag plant for routine maintenance and process refinements. The full operations of the unit are expected to resume in last week of June 2023. • Bharat Agri Fert & Realty: The company has received Commencement Certificate from Thane Municipal Corporation for construction of residential project. The management expects additional net revenue of approximately Rs 700-800

IMPORTANT DATA • Axis Bank: Global private investment firm Bain Capital is likely to sell stake up to $267 million in the private sector lender, reports CNBC-TV18 quoting sources. The stake sale is likely to take place in the offer price range of Rs 964-977.70 per share. • HCL Technologies: The IT services company and Google Cloud expanded their strategic partnership to help enterprises leverage generative artificial intelligence (AI) and develop joint solutions powered by Google Cloud’s generative AI technologies. HCL Tech’s AI platforms and solutions will utilize Google Cloud's full suite of enterprise generative AI products and services. • Mahindra & Mahindra: The utility vehicle and tractor maker's subsidiary has incorporated Gelos Solren, and Furies Solren, for production and sale of power and generating electricity, distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment. Gelos, and Furies are wholly owned subsidiaries of Mahindra Susten, which is a subsidiary of Mahindra Holdings, which in turn is a wholly owned subsidiary of M&M. • D-Link India: Ace investor Ashish Kacholia has sold further 3.69 lakh equity shares in the networking products manufacturer via open market transactions at an average price of Rs 227.91 per share. Ashish had sold 1.94 lakh shares at average price of Rs 228.5 per share on June 7 as well, while as of March 2023, his shareholding in the company was 2.11% or 7.5 lakh shares. • Tega Industries: The National Company Law Tribunal (NCLT) has given its approval for the Composite Scheme of Arrangement between Nihal Fiscal Services (NFSPL), promoter of Tega Industries, Marudhar Food & Credit (MFCL) and MM Group Holdings, which all are part of the promoter group of the company. With this approval, MFCL will merge into NFSPL, the entire shareholding of MFCL (1.96% equity) in Tega will stand transferred to NFSPL, resulting in NFSPL holding 57.05% stake in Tega. • AAVAS Financiers: Smallcap World Fund Inc has sold 12.84 lakh equity shares or 1.6% stake in the Jaipur-based housing finance company via open market transactions at an average price of Rs 1,349.94 per share, which amounted to Rs 173.43 crore. • Indian Overseas Bank: The public sector lender has decided to increase base rate by 20 bps to 9.10%, from 8.90% earlier. The base rate hike will be effective from June 15. • Sangam (India): Market veteran Madhusudan Kela's wife Madhuri Madhusudan Kela has bought additional 8.4 lakh shares or 1.67% stake in the textiles and apparels company via open market transactions, at an average price of Rs 268 per share. However, non-resident Indian investor Satpal Khattar has sold 9 lakh shares in the company at an average price of Rs 268.04 per share. • Cravatex: Veteran investor Ashish Chugh has bought 15,000 equity shares or 0.58% stake in the retail, brand licensing, distribution and sourcing company via open market transactions at an average price of Rs 326.71 per share. • KFin Technologies: The registrar and transfer agency has reconsidered its decision to become the depository participant with National Securities Depository. And it has withdrawn the application to become the depository participant. KFin had filed application to become depository participant with NSDL on October 17, 2022. • KRBL: The basmati rice exporter has commenced commercial production at its new plant at Anjar, in Gujarat. • Central Depository Services: The BSE (Bombay Stock Exchange) has sold 47.44 lakh equity shares or 4.5% stake in the central securities depository via open market transactions at an average price of Rs 985.98 per share, amounting to Rs 467.74 crore. BSE held 20% stake in CDSL as of March 2023. However, ICICI Prudential Technology Fund was the buyer for some of those shares, acquiring 5.28 lakh shares in CDSL at an average price of Rs 985 per share. • TCNS Clothing: Elevation Capital IV FII Holdings has offloaded 2.04 percent stake in company via open market transactions on June 13. After stake sale, its shareholding in the company red

IMPORTANT DATA • Zydus Life Sciences: The group’s injectables manufacturing facility at Zydus Biotech Park in Changodar, Ahmedabad, underwent USFDA inspection during June 5-13. The current good manufacturing practice (CGMP) inspection concluded with nil observations. • Zee Entertainment Enterprises: Investment entity Plutus Wealth Management LLP has bought 75 lakh equity shares or 0.78% stake in the media & entertainment company via open market transactions at an average price of Rs 191.44 per share, which amounted to Rs 143.58 crore. • Anupam Rasayan India: The custom synthesis & specialty chemical company has signed a Letter of Intent worth revenue of $265 million (Rs 2,186 crore) for the next 5 years with a Japanese specialty chemical company to supply new age patented life science active ingredient. The product will be in validation phase for the next eighteen months and upon successful validation, the supply will commence from CY2025. This product will be manufactured in existing multipurpose manufacturing facilities. • Kotak Mahindra Bank: The private sector lender said the Board of Directors will meet on June 16 to consider raising of funds via issuance of unsecured, redeemable, non-convertible debentures / bonds, in one or more tranches / series, on a private placement basis, during FY24. • 3i Infotech: Subsidiary NuRe FutureTech has signed a Memorandum of Understanding (MoU) with the Department of Computer Science at SRM Valliammai Engineering College, in Chennai. This partnership aims to establish a path-breaking AI (artificial intelligence) Lab within the institute’s campus. In early 2022, 3i Infotech opened its office at IIT Madras Research Park, Chennai to establish FutureTech business labs to work on next-gen technologies. • LIC Housing Finance: Ashwani Ghai has resigned as Whole Time Director & Chief Operating Officer of the housing finance company with effect from June 13 after the transfer order. He has been transferred and posted as Additional Director at MDC, Mumbai. • LTIMindtree: The technology consulting and digital solutions company has joined the Microsoft Intelligent Security Association (MISA). LTIMindtree’s MDR is designed to deliver cybersecurity and resiliency services through a modular, systematic, platformised approach. • Fiem Industries: The fire incident has occured in one building of unit-7 at Sonipat plant in Haryana. There is no loss or injury to human life and the fire is controlled with the help of fire tenders in few hours. Damage has happened to some building, plant & machinery, stocks and furniture among others. The company has initiated necessary procedure for insurance claim as company's assets are adequately covered with the insurance. • Dev Information Technology: The Board of Directors of the company will meet on June 16 to consider raising funds via bonds and/or equity shares. • Bajaj Electricals: Smallcap World Fund Inc has sold 10.92 lakh shares or 0.95% stake in the electrical equipment manufacturing company via open market transactions, at an average price of Rs 1,175.02 per share, amounting to Rs 128.4 crore. However, Societe Generale was the buyer for some of those shares, acquiring 6 lakh shares in the company at an average price of Rs 1,175 per share. • Nazara Technologies: Europe-based financial services group Societe Generale has sold 4 lakh shares or 0.6 percent stake in the gaming & sports media platform via open market transactions at an average price of Rs 681.74 per share. • Capacite Infraprojects: Societe Generale has bought 24.17 lakh equity shares or 3.5% stake in the EPC company via open market transactions at an average price of Rs 190 per share, amounting to Rs 45.93 crore. However, foreign company Newquest Asia Investments II Limited sold 32 lakh shares or 4.7% stake in the company at an average price of Rs 190.04 per share.

• IMPORTANT DATA • Wipro: The IT service provider has expanded its partnership with Google Cloud to bring advanced generative artificial intelligence (AI) capabilities to clients across the globe. It will integrate generative AI into its entire suite of capabilities, accelerators, IP, and solutions. • Ashok Leyland: The commercial vehicle maker has recorded a 16.6% year-on-year decline in standalone profit at Rs 751.4 crore for quarter ended March FY23 due to high base, but topline and operating numbers remained healthy. It reported exceptional gain of Rs 56.43 crore in Q4FY23 against Rs 470.26 crore in Q4FY22. Revenue from operations for the quarter increased significantly by 33% to Rs 11,626 crore compared to same period last year. The board recommended dividend of Rs 2.6 per share for FY23. • Biocon: The biopharmaceuticals company has registered a 31.3% year-on-year increase in consolidated profit at Rs 313.2 crore in Q4FY23 driven by strong topline and operating numbers. Revenue for the quarter grew by 56.7% to Rs 3,774 crore compared to corresponding period last fiscal, with biosimilars business increasing 114% to Rs 2,102 crore. • Fortis Healthcare: The healthcare services provider has reported a 59% year-on-year growth in consolidated profit at Rs 138.3 crore for March FY23 quarter, driven by healthy topline, operating numbers and exceptional gain. Consolidated revenue for the quarter increased by 19.2% to Rs 1,642.7 crore compared to corresponding period last fiscal. • JSW Energy: The utilities company has reported a 68.5% year-on-year fall in consolidated profit at Rs 272 crore for March FY23 quarter, dented by higher finance & fuel costs, and lower other income. Revenue from operations grew by 9.4% to Rs 2,670 crore compared to year-ago period. • Mahindra CIE Automotive: Promoter Mahindra & Mahindra is likely to sell 1.2 crore shares or 3.2% equity in Mahindra CIE Automotive via block deal soon, reports CNBC-Awaaz quoting sources. The block deal in Mahindra CIE is likely at a discount of 5-6% to current market price. • Amara Raja Batteries: The industrial and automotive battery major has reported a 41% year-on-year increase in consolidated profit at Rs 139.4 crore for March FY23 quarter, aided by robust operating numbers after fall in input cost. Revenue from operations grew by 11.4% to Rs 2,429.4 crore compared to year-ago period. The company announced a final dividend of Rs 3.20 per share. • NMDC: India's largest iron ore producer has recorded consolidated profit at Rs 2,277 crore for quarter ended March FY23, rising 22.3% over a year-ago period despite weak topline and operating numbers, supported by exceptional gain. Revenue from operations for the quarter at Rs 5,851.4 crore fell by 13.8% compared to year-ago period. The company announced final dividend of Rs 2.85 per share. • Metro Brands: The footwear retailer has registered a 0.4% year-on-year decline in consolidated profit at Rs 68.5 crore for January-March FY23 quarter impacted by lower operating margin performance. Revenue from operations for Q4FY23 rose by 35% to Rs 544.1 crore compared to corresponding period last year. • Wockhardt: The pharma company has received a settlement order dated May 22 this year from the Securities and Exchange Board of India in the matter of show cause notice issued on September 15, 2022 for non-disclosure of interim outcome of USFDA inspection in 2013. With the settlement order, the charges contained in the said show cause notice against the company and its directors -. Habil Khorakiwala, Murtaza Khorakiwala and Huzaifa Khorakiwala - have been disposed of without admission or denial of findings of fact and conclusions of law contained in the show cause notice. The settlement terms include payment of Rs 36.7 lakh in respect of the company and Rs 13.32 lakh each on behalf of the directors. There is no material impact of such settlement on the financial position of the company. • Shriram Properties: The south-based real estate developer through its wholly owned subsidiary, Shrivision Elevations has acquired

IMPORTANT DATA • JSW Steel: The steel maker teamed up with Japan-based JFE Steel to set up a cold-rolled grain-oriented electrical steel (CRGO) manufacturing joint venture in India. The 50:50 joint venture company will be able to manufacture the entire range of CRGO products at its proposed facilities at Vijayanagar in Karnataka. Further, the company has reappointed Sajjan Jindal as Chairman and Managing Director, Jayant Acharya as Joint Managing Director and CEO, Gajraj Singh Rathore as Chief Operating Officer, and Rajeev Pai as Chief Financial Officer. The resolution plan submitted by its subsidiary JSW Steel Coated Products for National Steel & Agro Industries has been approved by NCLT. • Shree Cement: The cement major has recorded a 15.3% year-on-year decline in standalone profit at Rs 546.2 crore for March FY23 quarter, impacted by sharp increase in power & fuel cost. The standalone revenue for the quarter grew by 16.7% to Rs 4,785 crore compared to year-ago period. Profit and topline were above analysts' estimates, but operating numbers missed expectations. The company announced second interim dividend of Rs 55 per share for FY23. • Indiabulls Housing Finance: The housing finance company has reported a 14.4% year-on-year decline in consolidated profit at Rs 262.6 crore for quarter ended March FY23, impacted by higher impairment on financial instruments. Net interest income grew by 13.5% to Rs 733.6 crore compared to same quarter last fiscal. • EIH: The largest luxury hotel chain has recorded a 469% year-on-year growth in consolidated profit at Rs 84.4 crore for quarter ended March FY23. Revenue from operations grew by 112% to Rs 637 crore compared to same period last year. Board announced a final dividend of Rs 1.10 per share for FY23. • PB Fintech: The Policybazaar and Paisabazaar operator has reduced its PAT loss significantly to Rs 8.9 crore for quarter ended March FY23, from Rs 219.6 crore in same period last year. The operating revenue grew by 61% to Rs 869 crore compared to corresponding period last fiscal. The insurance premium at Rs 3,586 crore for March FY23 quarter increased 65% and credit disbursal at Rs 3,357 crore grew by 53% over a year-ago period. • HEG: The graphite electrode manufacturer has registered a 23% year-on-year decline in consolidated profit at Rs 99.72 crore for March FY23 quarter, impacted by lower topline and operating numbers. Revenue from operations for the quarter at Rs 616.88 crore fell by 8.3% compared to corresponding period last fiscal. The company announced a final dividend of Rs 42.50 per share. HEG board has approved further investment of up to Rs 90 crore in one or more tranches, in its subsidiary TACC. • Astra Microwave Products: Astra Rafael Comsys, the joint venture company, has bagged Rs 158 crore worth of order from defence public sector undertaking (DPSU) for supply of software defined radio (SDR). • Torrent Power: The stock will be in focus as the Board of Directors of the company will meet on May 29 to consider raising of funds via issuance of non-convertible debentures upto Rs 3,000 crore through private placement basis. The board will also consider financial results for the quarter and year ended March 2023, and recommendation of final dividend, if any, for FY23.

Good morning. Indian market is expected to open mildly negative. Asian markets are trading mixed. US market closed negative on the Friday trading session.

IMPORTANT DATA • Wipro: The technology services and consulting company announced a five-year business partnership with ServiceNow to drive business transformation, overcome business challenges, and deliver greater value. The agreement is expected to help accelerate Wipro’s goal of building a $1 billion business with ServiceNow by the end of 2026. • Nexus Select Trust: The leading real estate investment trust is going to make a debut on the bourses on May 19. The issue price has been fixed at Rs 100 per unit. • InterGlobe Aviation: The low-cost carrier IndiGo operator has recorded profit at Rs 919.2 crore for quarter ended March FY23, against loss of Rs 1,681.8 crore in same period last year, driven by healthy operating numbers and topline growth. Revenue from operations grew by 76.5% to Rs 14,160.6 crore compared to same period last year. EBITDAR for the quarter increased by more than 17-fold to Rs 2,966.5 crore compared to year-ago period. Passenger numbers in Q4FY23 increased by 60.5% YoY to 23.4 million. • Pfizer: The company has decided to initiate a voluntary recall of 3 products - Magnex 1gm, 2gm; Magnex Forte 1.5gm, 3gm; Zosyn 4.5gm; and Magnamycin 250mg, 1gm, 2gm injections - manufactured by Astral SteriTech. These products are marketed/distributed by Pfizer. Astral SteriTech informed Pfizer that it has observed an out-of-specification during a routine environmental monitoring of its manufacturing block. Astral manufactures three products for Pfizer, namely, Magnex, Magnamycin and Zosyn. • Bata India: The footwear company has reported a 4.4% year-on-year growth in standalone profit at Rs 65.5 crore in March FY23 quarter, impacted by weak operating margin performance. Revenue from operations grew by 17% to Rs 778.6 crore compared to same period last year. • United Spirits: The beverage alcohol company has recorded a 7.4% year-on-year growth in profit at Rs 204 crore for quarter ended March FY23 despite weak operating margin performance. Revenue fell 0.3% to Rs 2,494 crore compared to year-ago period. • Rail Vikas Nigam: The railway company has formed one joint venture - Indore MMLP - with National Highways Logistics Management, and Madhya Pradesh Industrial Development Corporation. The joint venture will develop Multi Modal Logistics Parks across PAN India under Bharatmala Pariyojana. • BLS International Services: Promoter Diwakar Aggarwal has sold 1.12 crore equity shares or 2.72% stake in visa consultancy services provider via open market transactions at an average price of Rs 175.24 per share, amounting to Rs 196.3 crore. Diwakar Aggarwal among promoters held 8.49% stake or 3.48 crore shares in the company as of March 2023. • PNB Housing Finance: The housing finance company has reported a 64.7% year-on-year growth in profit at Rs 279.3 crore for March FY23 quarter on lower impairment on financial instruments & write-offs. Net interest income grew by 26.88% to Rs 627.7 crore compared to same quarter last year.