27 March 23
FII & DII DATA
FII Net SELL - 890.64cr
DII Net BUY - 1808.94cr
28 March 2023
Today Trading Stocks, Share Market News
Dilip Buildcon
The company has been declared as Lowest (L-1) bidder for a new HAM project worth Rs 780.12 crore by National Highways Authority of India (NHAI).
SJVN
The Hydroelectric power generation company has secured a Rs 915 crore GREEN financing from Japan Bank for International Cooperation (JBIC). The loan will be co-financed with Japanese private financial institutions and will be used to finance the 90 MW Omkareshwar Floating Solar Power Project in Madhya Pradesh and the 100 MW Raghanesda Solar Power Project in Gujarat. The two projects are estimated to cost a combined Rs. 1288.35 crore and are scheduled to commission in 2023. They are expected to produce about 450 million units of electricity in their first year of operation. JBIC will finance 60 percent of the debt, with the balance coming from Japanese commercial banks MUFG Bank and San-in Godo Bank.
Sagar Cements
The company will furnish a corporate guarantee of Rs 665 crore to SBI for loan to arm Andhra Cements. Sagar Cements will pledge 25 percent of its holding in Andhra Cements as further security for the loan.
PNC Infratech
The company has emerged as the lowest bidder for the construction of a four-lane highway in Uttar Pradesh on Hybrid Annuity Mode (Package-III) by the Ministry of Road Transport and Highways (MORT&H). The project will cost Rs 819 crore. The construction is to be completed in 24 months and operated for 15 years post construction.
Adani Enterprises
The company's subsidiary AMG Media Networks acquired about a 49 percent stake in digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore.
Kalyan Jewellers
As per sources, Warburg Pincus-owned Highdell Investment is planning to sell a 2.5 percent stake in the company through a block deal. The floor price for the deal has been fixed at Rs 110 per share. The shares will have a 60-day lock-in period before any further sales can be made. The offer size for the stake sale is expected to be around Rs 288 crore.
Paytm
Paytm Payments Bank Limited (PPBL) announced that ifull KYC wallet customers will be able to make payments on every UPI QR codes and online merchant where UPI payments are accepted. From now on, the Bank will earn 1.1 percent interchange revenue when Paytm Wallet customers make payment on merchants acquired by other payment aggregators or banks. The Bank will pay 15 bps of charges for adding more than Rs 2,000 using UPI, and in turn will also earn 15 bps when any other wallets use the bank to add more than Rs 2,000 using UPI.
Aditya Birla Capital Limited
ABCL has approved the sale of its entire 50 percent stake in Aditya Birla Insurance Brokers Limited (ABIBL). The stake will be sold to Edme Services Private Limited, an affiliate of Samara Capital Group and Samara Alternate Investment Fund. The proposed transaction is expected to be completed within 120 to 180 days from the execution of the SPA.
Allcargo Logistics
The logistics company has signed a Share Purchase Agreement with KWE Singapore, KWE Kintetsu Express (India), Gati and Gati-Kintetsu Express (GKEPL) for acquisition of 1.5 lakh equity shares (30% stake) in GKEPL, for Rs 406.7 crore. The 1.5 lakh shares comprised, 1.3 lakh equity shares (26% stake) in GKEPL from KWE Singapore and 20,000 shares (4%) stake from KWE India.
ASI Industries
Shivratan Ramchandra Soni has resigned as Chief Executive Officer of the stone mining company with effect from March 31 due to his personal reasons. The resignation has been accepted by the board and he will be relieved from his services from March 31.
Supriya Lifescience
Dovetail India Fund Class 6 Shares has offloaded 5.47 lakh equity shares or 0.68% stake in the active pharmaceutical ingredient manufacturer at an average price of Rs 177.08 per share. Dovetail India held 1.81% or 14.59 lakh shares in the company as of December 2022.
Phoenix Mills
CPP Investment (entity owned by Canada Pension Plan Investment Board) has completed its second tranche of investment of Rs 160 crore in Plutocrat Commercial Real Estate (PCREPL), subsidiary of Phoenix Mills, on private placement basis. CPP Investment subscribed to 1,109 equity shares of PCREPL for Rs 160 crore. CPP Investment had completed its first tranche of investment of Rs 787 crore in PCREPL in November 2021. After this investment, Phoenix Mills and CPP Investment hold 59.74% and 40.26% stake respectively, in PCREPL.
Ugro Capital
The meeting of the Investment and Borrowing Committee of the Board of Directors is scheduled to be held on March 30, to consider raising of funds by way of issuance of commercial papers.
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