Here's a quick look at the stocks that will be in focus in trade on Tuesday, covering significant fund-raising activities, major deals, and key appointments announced by companies after market hours on Monday:
Stocks To Watch
Prestige Estates Projects
The Bengaluru-based real estate developer has selected four investment banks (Kotak Mahindra Capital, JP Morgan, JM Financial, and CLSA) as advisors for its major QIP (Qualified Institutional Placement) through which it plans to raise up to Rs 5,000 crore, according to two sources familiar with the matter. The QIP is likely to be launched in July-August this year.
Borosil
The company announced the opening of its QIP on June 24, with a floor price set at Rs 331.75 per share. In January, the board had approved raising funds up to Rs 250 crore via QIP.
AU Small Finance Bank
The bank stated that the board will meet on June 27 to consider raising funds via private placement, QIP, preferential allotment, or any other alternative mode. The board will also consider borrowing or raising funds via debt instruments.
Amara Raja Energy & Mobility
Subsidiary Amara Raja Advanced Cell Technologies signed a technical licensing agreement with GIB EnergyX Slovakia s.r.o., a subsidiary of Gotion High-Tech Co. As part of the agreement, GIB EnergyX will license Gotion’s world-class LFP technology for lithium-ion cells to Amara Raja Advanced Cell.
Zee Entertainment Enterprises
Zee Media Kenya, a wholly-owned step-down subsidiary of the company, has been incorporated in Kenya.
Satin Creditcare Network
The microfinance institution has received board approval for the appointment of Monoj Agrawal as Chief Financial Officer (CFO) with effect from July 1, replacing Rakesh Sachdeva, who is retiring as CFO effective June 30. The board also approved the appointment of Joydeep Datta Gupta as an Additional Director for three years and the proposal to raise funds via non-convertible debentures up to Rs 5,000 crore in one or more tranches.
Shalby
The company has terminated its franchise agreement with Madhuban Orthopedic & Multispecialty Surgical Hospital, Udaipur, due to a breach of various terms and conditions of the agreement by the franchisee (Madhuban Orthopedic). This will not have any significant financial impact on the company’s financial position.
InterGlobe Aviation
IndiGo has doubled its frequency between Jeddah and Mumbai and will now operate 14 weekly flights starting August 15. With these additions, it will operate 42 weekly flights to Jeddah from five cities in India.
Craftsman Automation
The company has entered into a Memorandum of Understanding (MoU) with Sunbeam Lightweighting Solutions and Kedaara Capital Fund II LLP to acquire the whole or part of Sunbeam's business (excluding certain specific assets in Gurugram) in one or more tranches.
Muthoot Capital Services
The company has received board approval to initiate registration as a corporate agent with the Insurance Regulatory and Development Authority of India (IRDAI).
RBL Bank
The bank's board will meet on June 27 to consider a proposal for raising funds via QIP and the issuance of debt securities in one or more tranches on a private placement basis.
Maruti Suzuki India
The company has received a Show Cause Notice demanding Rs 5.4 crore from the Goods and Services Tax (GST) Authority, Gujarat, for the period from July 2017 to March 2023 due to input tax credit denial on certain services.
Bulk Deals
CarTrade Tech
CMDB II sold a 0.76% stake in CarTrade at an average price of Rs 830.27 per share, and Highdell Investment offloaded 8.67% shares at Rs 828.58 per share. MacRitchie Investments Pte sold a 4.33% stake at an average price of Rs 828 per share. However, The Royal Bank of Scotland Plc as Trustee of Jupiter India Fund, CLSA Global Markets Pte Ltd - ODI, Bajaj Allianz Life Insurance Company, HSBC Global Investment Funds Asia Ex-Japan Equity Smaller Companies, Société Générale, Verition Multi-Strategy Master Fund, and Goldman Sachs Funds Goldman Sachs India Equity Portfolio collectively picked up a 7.2% stake in CarTrade Tech.
Tide Water Oil Company (India)
Promoter Standard Greases and Specialities bought a 0.9% stake in Tide Water at an average price of Rs 2,029.37 per share.
Stocks Trade Ex-dividend
Tata Elxsi, Voltas, Alkyl Amines Chemicals, Bharat Parenterals, Cera Sanitaryware, Filtra Consultants and Engineers
Stock Trades Ex-Rights
SEPC
Stock Trades Ex-Bonus
Ashirwad Capital
F&O Ban
Punjab National Bank, SAIL, Balrampur Chini Mills, Chambal Fertilisers and Chemicals, GNFC, Granules India, Indus Towers, and Piramal Enterprises
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