Here's a quick look at the stocks that will be in focus in trade on Monday, covering significant fund-raising activities, major deals, and land acquisitions announced by companies after market hours on Friday:
Stocks To Watch
Promoter Haridas Thakarshi Kanani has divested a 5.67% stake in the specialty chemicals company at an average price of Rs 1,611.14 per share. The stake was acquired by SBI Mutual Fund and White Oak Group. As per the bulk deals data available on exchanges, India Acorn ICAV bought 2,51,900 equity shares in Neogen, and Custody Bank of Japan Ltd RE RB Amundi India Small Cap Equity Mother Fund bought 7.7 lakh shares at an average price of Rs 1,610 per share.
The company has received a GST order, demanding a tax of Rs 132.7 crore and a penalty of Rs 132.7 crore, from the Joint Commissioner, CGST & Central Excise, Thane Commissionerate, Maharashtra.
The company has acquired leasehold rights for an 11-acre land parcel in Pune, offering a developable potential of 2.2 million square feet with an estimated revenue potential of Rs 1,800 crore. The development on this land will comprise primarily group housing and high street retail. In addition, it acquired 7 acres of land in North Bengaluru on an outright basis, for the development of a high-end residential project, having a developable potential of 9 lakh square feet with an estimated revenue potential of Rs 1,200 crore.
The company has entered into a licensing agreement with Dr Reddy’s Laboratories for co-marketing Pertuzumab biosimilar in India. Pertuzumab is a critical treatment for HER2 positive breast cancer patients.
JSW Neo Energy, a wholly-owned subsidiary of the company, has received a letter of award for wind-solar hybrid power projects of 300 MW from SJVN, for setting up of 1,500 MW ISTS connected wind-solar hybrid power projects (Hybrid-2).
The company has partnered with Cipla to ensure the widespread and rapid distribution of the antibiotic Cefepime-Enmetazobactam in India. Orchid launched this new drug, which has been approved for the treatment of complicated urinary tract infections (cUTI).
The real estate developer has achieved sales of over Rs 2,700 crore to date for the residential project Titanium SPR in Gurugram. The total sales figure is expected to increase significantly after the finalization of the allotment.
The lender has received a demand order of Rs 1,067.82 crore, from the Income Tax Department, pertaining to Assessment Year 2017-18. Further, the bank said the board of directors will be meeting on July 5 to consider the Capital Plan for FY 2024-25 via raising funds through additional Tier 1 and Tire 2 debt capital instrument with an interchangeability option.
Subsidiary Aerolloy Technologies has developed the most advanced casting technology for manufacturing single crystal and directionally solidified blades and vanes for aero-engine and industrial gas turbine applications.
The telecom operator has increased tariffs for its prepaid and post-paid consumers effective July 4. It is planning significant investments over the next few quarters to further enhance the 4G experience and launch 5G services.
The company has converted debt instruments worth $564.75 million (Rs 4,713.03 crore) in T Steel Holdings Pte. Ltd, into 3,59,71,33,758 fully paid-up equity shares of face value $0.157 each. Post this conversion, T Steel Holdings will continue to be a wholly owned subsidiary of Tata Steel.
The gas distribution company has received board approval to advance its net zero target for Scope-I & II emissions by five years, from the year 2040 to 2035.
The cement major has announced the commissioning of an additional 3.35 mtpa clinker along with 1.8 mtpa grinding capacity at its existing unit in Tadipatri, Andhra Pradesh. Its total cement capacity has now reached 154.86 mtpa.
Promoter Ravi Agrawal has pledged 4.5 lakh shares of the company for refinancing.
The company has invested Rs 282.67 crore in TVS Credit Services by subscribing to an additional 68,94,335 equity shares. With this investment, the shareholding of the company in TVS Credit Services has increased from 80.53% to 80.69%.
The bank has entered into a distributorship agreement with Mirae Asset Investment Managers (India) to distribute Mirae's mutual fund products to its customers on a DIY model.
The board members have appointed Rameshwar Prasad Agrawal as the Chief Financial Officer of the company effective July 1, following Naren Suggula's resignation as Chief Financial Officer.
The company has incorporated its wholly owned subsidiary Sangreen Future Renewables, which will operate in the wind and solar power segment.
SME Listing on July 1
Visaman Global Sales, Mason Infratech, Sylvan Plyboard India, Shivalic Power Control
Bulk Deals
Promoter Nextwave Communications sold a 1.38% stake in HFCL at an average price of Rs 107.6 per share.
Nippon India Mutual Fund and its schemes bought an additional 6.53% stake in the super-premium and luxury furniture manufacturing company. Furthermore, Franklin Templeton Mutual Fund purchased 1.9% shares at an average price of Rs 475 per share, and Morgan Stanley Asia Singapore Pte bought a 0.6% stake at an average price of Rs 478.87 per share. However, Oman India Joint Investment Fund II, managed by OIJIF-MC, exited Stanley Lifestyles by selling its entire shareholding of 14.59%, valuing at Rs 401.63 crore.
Foreign investor GTI Capital Alpha Pvt Ltd sold a 4.74% stake in Samhi Hotels at an average price of Rs 187.1 per share. However, ICICI Prudential Mutual Fund, Morgan Stanley Asia Singapore Pte, and Abu Dhabi Investment Authority - Behave bought 2.9% shares at the same price.
Foreign investor TPG Growth IV SF Pte Ltd sold 20 lakh equity shares in Solara at an average price of Rs 495 per share, valuing at Rs 99 crore. However, Authum Investment and Infrastructure was the buyer in the deal.
Societe Generale has bought a half percent stake in Ugro at an average price of Rs 290.71 per share.
Stocks Trade Ex-Dividend
Tata Communications, Geojit Financial Services, GHCL, GHCL Textiles, Lloyds Enterprises
Stock Trades Ex-Date for Spin Off
Oriental Carbon & Chemicals
F&O Ban
India Cements, Indus Towers
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