17 February 23
FII & DII DATA
FII Net SELL - 624.61cr
DII Net SELL - 85.29cr
20 February 2023
Stocks In News
Infosys
The country's second largest IT services company has appointed Shaji Mathew as the group head of human resources with effect from March 22, 2023. Shaji will be taking over from Krish Shankar who retires on March 21, 2023.
Marico
The FMCG major said its board members will on February 27 consider a proposal for declaration of interim equity dividend, if any, for the financial year 2022-23.
Hindustan Unilever
The company has signed agreements for the sale of its atta and salt business carried out under the Annapurna and Captain Cook brands. The brands are being sold to Uma Global Foods Pte Ltd. and Uma Consumer Products Pvt. Ltd., which are subsidiaries of Reactivate Brands International, a Singapore-headquartered company. HUL will receive Rs 60.4 crore from this transaction that is expected to close within the next 90 days. The decision is in line with the intent of HUL to exit non-core categories.
Samvardhana Motherson International
SAMIL subsidiary has entered into an agreement to acquire 100 percent stake in SAS Autosystem technik GmbH - one of the leading cockpit module integrators globally with a large EV portfolio and an enterprise value of 540 million Euro. The transaction will be funded by a mix of debt and internal accruals and is likely to be completed by the second quarter of the next financial year.
Dilip Buildcon
Gets letter of acceptance (LoA) from Madhya Pradesh Jal Nigam Maryadit, Bhopal for an EPC project worth Rs 1,947.06 crore. The project is expected to be completed over the next 24 months. The project involves trial run and operations and maintenance of the entire water supply scheme of Rewa Bansagar MVS for 10 years.
RITES
Secures new EPC work order worth Rs 76.08 crore for provision of EI-based automatic signaling with continuous track circuiting and other associated works, along with suitable indoor alterations in Electronic interlocking enroute in Dhaulpur-Gwalior section of Jhansi division of North Central Railway.
Prince Pipes and Fitting
Norges Bank on account of the Government Pension Fund Global has bought 9.02 lakh shares or 0.81% stake in Prince Pipes via open market transactions, at an average price of Rs 585 per share. However, promoters Vipul Jayant Chheda and Parag Jayant Chheda have sold 21.5 lakh shares or 1.94% stake in the company at same average price.
Pricol
Automotive components manufacturer Minda Corporation has acquired 15.7% stake or 1.91 crore equity shares in Pricol, the automotive technology and precision engineered solutions company, via open market transactions. Minda bought 1.44 crore shares in Pricol at an average price of Rs 209 per share, and another 46.49 lakh shares at an average price of Rs 208.93 per share. As per the bulk deals data available on exchanges, there were 10 selling shareholders and they offloaded total 1.43 crore shares or 11.75% stake in Pricol at average price of Rs 209 per share, amounting to around Rs 299.45 crore.
Max Ventures
Real estate arm Max Estates enters the residential market in Gurugram through a joint development agreement, with a development potential of 2.4 million square feet and gross development value in excess of Rs 3,200 crore. The land parcel admeasures nearly 11.8 acres and is located in Sector 36A, Gurugram, with direct access from the Dwarka Expressway.
Cipla
USFDA issues Form 483 with eight inspectional observations for its Pithampur unit. The regulator conducted a current Good Manufacturing Practices (cGMP) inspection at the plant between February 6-17, 2023. The company says it will closely work with the USFDA and address these issues within the stipulated time.
HG Infra Engineering
The company has received the provisional completion certificate for a road project in Rajasthan, which comprises upgrading to two lane with paved shoulder from Kundal to Jhadol. It has been provisionally declared fit for entry into operation on August 24, 2021.
Sun Pharma
To acquire up to 26.09 percent stake in Agatsa Software for Rs 30 crore in two tranches. Agatsa Software is an early-stage digital diagnostic devices company. The first tranch of this acquisition is likely to be completed this month while the second one will be completed by August this year. Additionally, it will also acquire up to 27.39 percent stake in Remidio Innovative Solutions for Rs 149.9 crore. Remidio provides products to enable early detection of eye diseases. This transaction is likely to be completed this month.
CRISIL
December quarter revenue up 16 percent year-on-year to Rs 822 crore while profit before tax (PBT) increased 15 percent from last year. The company will also acquire Australian research and consulting firm Peter Lee for AUD 6.15 million. The transaction is likely to be completed over the next three months and will be done through its wholly-owned subsidiary CRISIL Irevna Australia Pty. Ltd.
Power Grid
Declared as the successful bidder under tariff-based competitive bidding to establish inter-state transmission system for five projects based on build, own operate and transfer (BOOT) basis. The company has also received the letter of intent for the same.
Dilip Buildcon
Gets letter of acceptance (LoA) from Madhya Pradesh Jal Nigam Maryadit, Bhopal for an EPC project worth Rs 1,947.06 crore. The project is expected to be completed over the next 24 months. The project involves trial run and operations and maintenance of the entire water supply scheme of Rewa Bansagar MVS for 10 years.
Pennar Industries
Bags orders worth Rs 851 crore across various business verticals. The order value is greater than the company's free-float market capitalisation of Rs 616 crore. The orders are to be executed over the next two quarters. Among the prominent names that feature on the list of companies to have placed the orders include Reliance Industries, Ashok Leyland, Thermax, IFB Automotive, Hindalco, Tata Power, L&T, among others
The country's second largest IT services company has appointed Shaji Mathew as the group head of human resources with effect from March 22, 2023. Shaji will be taking over from Krish Shankar who retires on March 21, 2023.
Marico
The FMCG major said its board members will on February 27 consider a proposal for declaration of interim equity dividend, if any, for the financial year 2022-23.
Hindustan Unilever
The company has signed agreements for the sale of its atta and salt business carried out under the Annapurna and Captain Cook brands. The brands are being sold to Uma Global Foods Pte Ltd. and Uma Consumer Products Pvt. Ltd., which are subsidiaries of Reactivate Brands International, a Singapore-headquartered company. HUL will receive Rs 60.4 crore from this transaction that is expected to close within the next 90 days. The decision is in line with the intent of HUL to exit non-core categories.
Samvardhana Motherson International
SAMIL subsidiary has entered into an agreement to acquire 100 percent stake in SAS Autosystem technik GmbH - one of the leading cockpit module integrators globally with a large EV portfolio and an enterprise value of 540 million Euro. The transaction will be funded by a mix of debt and internal accruals and is likely to be completed by the second quarter of the next financial year.
Dilip Buildcon
Gets letter of acceptance (LoA) from Madhya Pradesh Jal Nigam Maryadit, Bhopal for an EPC project worth Rs 1,947.06 crore. The project is expected to be completed over the next 24 months. The project involves trial run and operations and maintenance of the entire water supply scheme of Rewa Bansagar MVS for 10 years.
RITES
Secures new EPC work order worth Rs 76.08 crore for provision of EI-based automatic signaling with continuous track circuiting and other associated works, along with suitable indoor alterations in Electronic interlocking enroute in Dhaulpur-Gwalior section of Jhansi division of North Central Railway.
Prince Pipes and Fitting
Norges Bank on account of the Government Pension Fund Global has bought 9.02 lakh shares or 0.81% stake in Prince Pipes via open market transactions, at an average price of Rs 585 per share. However, promoters Vipul Jayant Chheda and Parag Jayant Chheda have sold 21.5 lakh shares or 1.94% stake in the company at same average price.
Pricol
Automotive components manufacturer Minda Corporation has acquired 15.7% stake or 1.91 crore equity shares in Pricol, the automotive technology and precision engineered solutions company, via open market transactions. Minda bought 1.44 crore shares in Pricol at an average price of Rs 209 per share, and another 46.49 lakh shares at an average price of Rs 208.93 per share. As per the bulk deals data available on exchanges, there were 10 selling shareholders and they offloaded total 1.43 crore shares or 11.75% stake in Pricol at average price of Rs 209 per share, amounting to around Rs 299.45 crore.
Max Ventures
Real estate arm Max Estates enters the residential market in Gurugram through a joint development agreement, with a development potential of 2.4 million square feet and gross development value in excess of Rs 3,200 crore. The land parcel admeasures nearly 11.8 acres and is located in Sector 36A, Gurugram, with direct access from the Dwarka Expressway.
Cipla
USFDA issues Form 483 with eight inspectional observations for its Pithampur unit. The regulator conducted a current Good Manufacturing Practices (cGMP) inspection at the plant between February 6-17, 2023. The company says it will closely work with the USFDA and address these issues within the stipulated time.
HG Infra Engineering
The company has received the provisional completion certificate for a road project in Rajasthan, which comprises upgrading to two lane with paved shoulder from Kundal to Jhadol. It has been provisionally declared fit for entry into operation on August 24, 2021.
Sun Pharma
To acquire up to 26.09 percent stake in Agatsa Software for Rs 30 crore in two tranches. Agatsa Software is an early-stage digital diagnostic devices company. The first tranch of this acquisition is likely to be completed this month while the second one will be completed by August this year. Additionally, it will also acquire up to 27.39 percent stake in Remidio Innovative Solutions for Rs 149.9 crore. Remidio provides products to enable early detection of eye diseases. This transaction is likely to be completed this month.
CRISIL
December quarter revenue up 16 percent year-on-year to Rs 822 crore while profit before tax (PBT) increased 15 percent from last year. The company will also acquire Australian research and consulting firm Peter Lee for AUD 6.15 million. The transaction is likely to be completed over the next three months and will be done through its wholly-owned subsidiary CRISIL Irevna Australia Pty. Ltd.
Power Grid
Declared as the successful bidder under tariff-based competitive bidding to establish inter-state transmission system for five projects based on build, own operate and transfer (BOOT) basis. The company has also received the letter of intent for the same.
Dilip Buildcon
Gets letter of acceptance (LoA) from Madhya Pradesh Jal Nigam Maryadit, Bhopal for an EPC project worth Rs 1,947.06 crore. The project is expected to be completed over the next 24 months. The project involves trial run and operations and maintenance of the entire water supply scheme of Rewa Bansagar MVS for 10 years.
Pennar Industries
Bags orders worth Rs 851 crore across various business verticals. The order value is greater than the company's free-float market capitalisation of Rs 616 crore. The orders are to be executed over the next two quarters. Among the prominent names that feature on the list of companies to have placed the orders include Reliance Industries, Ashok Leyland, Thermax, IFB Automotive, Hindalco, Tata Power, L&T, among others
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