Stock market highlights for November 30: Adani Properties acquires rights to redevelop Asia’s largest slum, Dharavi
Photo: iStock
Global characters
India’s GDP for Q3
Fiscal Deficit of India
US GDP for Q3
China Composite, Manufacturing PMI
Corporate action:
KPI Green Energy: The board meets to consider the proposal to issue bonus shares
Lock-up period ends for Dreamfolk of core investors; locking elevators on 7% of equity
IPO action:
Last day to subscribe to Dharmaj Crop Guard IPO; subscribed 6x so far
Uniparts India IPO to be open for subscription; offer to sell at Rs 835.6 cr; Price Band:- Rs 548 to Rs 577
Others:
EIA Crude Oil Inventory Report
RBI deadline November 30: Regulated entities engaged in digital lending to ensure compliance with new lending guidelines
Kirit Parikh Committee Meeting on Natural Gas Pricing Ends; The Commission finalized the report; The final report will be presented to the government tomorrow
Oil and Gas Updates
Brent crude at $83/bbl vs $83/bbl
Singapore GRM at $6.8/bbl vs $8.4/bbl
Asian spot gas prices at $30.5/mmBtu vs $30.3/mmBtu
FII/DII details:
FIIs net bought shares worth `1242 crore on 29 November (prov.)
DIIs sold net shares worth 744 kroner on 29 November
FII F&O Cash Data:
Net buying of index futures Rs 339 cr
Index options net sales Rs 5327 cr
Net sale of equity futures Rs 299 cr
Stock options net sales Rs 115 cr
Total FII net buying Rs 5404 cr in F&O
F&O Prohibition:
Addendum: PNB
BHEL, Delta corp, Indiabulls Hsg Fin
Group/block transaction
Wipro
Societe Generale buys 18lk shrs @Rs405
Seller: BNP Paribas Arb
Dhanlaxmi Bank
Param Value Inv buys 15lk shrs @Rs16
CORPORATE ANNOUNCEMENT
VST MILLERS
showcased its recently launched compact tractor VST 929DI EGT at Krishithon 2022, India’s premier agriculture trade fair in Nashik and also showcased its other models like the 932 and MT1800
KIMS
made a further investment by acquiring an additional 7.79% stake in Arunodaya Hospitals Private Limited, its subsidiary on November 28, 2022.
The company now holds 65.62% of the total paid-up equity
Shares acquired at `370 per share
It is a general hospital with a capacity of 200 beds. This hospital is strategically located to serve patients in Srikakulam (AP) as well as from the neighboring state of Odisha
30.7cr turnover in FY22
GLAND PHARMA
Buying Cenexi
Cenexi is primarily engaged in the pharmaceutical CDMO business with expertise in sterile liquid and lyophilized pre-filled drug products, including oncology product opportunities
The consolidated turnover is €184.1 million for the year CY 2021
100% shareholding in Cenexi and Cenexi Holding Entities is EUR 120,000,000
Cenexi Investor Presentation
BLS INTERNATIONAL
The entry date for the 1:1 bonus will be December 10
BIOCON
Completes the acquisition of Viatris’ global biosimilars business
Viatris expects to reduce turnover for the financial year by about $80 million with the conclusion of the deal with Biocon
Viatris see FY adj. EBITDA was impacted by approximately $20 million from the closing of the Biocon Biologics transaction.
Viatris’ financial year results will be impacted by biosimilars, deal closes
STAINLESS STEEL GREEN
Inox GFL Group begins strategic actions to deleverage its wind business
Inox Green has paid `250 crores to reduce its debt
Inox Wind has paid `161 crores to reduce its debt
Further debt reduction of both companies is underway
IDFC
SEBI approval for change in management of IDFC MF
Adani Group won the project with a bid of Rs 5,069 crore.
Apart from Adani Group, DLF and Naman Group have also submitted bids.
AIR INDIA-VISTARA MERGER
Tata Group to consolidate Air India & Vistara
Singapore Airlines will invest ₹2,059 crore in Air India as part of the merger
SIA, Tata will complete the merger by March 2024, subject to approvals
SIA will invest $250 million in Air India as part of the deal
SIA is mulling a merger for 25.1% equity in the enlarged Air India
FROM AGENCIES
India’s central bank will begin testing digital rupee retail with four banks
Tata Motors: JLR Retails – Starts to grow on low base
Honda Cars India signs agreement with MSTI to offer eco-friendly scrapping solution
India lifts export ban on organic non-basmati rice
Bandhan Financial proposes to Sebi to take over IDFC AMC
Cred continues fintech consolidation; Dailyhunt parent lays off 150 workers
India’s drug regulator gives approval for first intranasal vaccine against COVID-19
Sebi bans five brokerage houses for six months
Suzuki Motor sees Indian PV market at 7-8 million by 2030, Maruti aims for 50% share
Free trade in India gets New Year’s green light
Reliance Capital receives nine final bids: mint
Dutch prosecutors are inspecting the Tata Steel site as part of a pollution probe
Russia has asked India for more than 500 products for potential supply, including parts for cars, planes and trains, Reuters reports
TVS Motor Launches 2023 TVS Apache RTR 160 4V 1.30 lk (Ex-Showroom
ZOMOTO
Alibaba to sell ~3.5% stake in co
It will likely offer a 5-6% discount from yesterday’s closing price
After the deal, Alibaba is likely to hold a 10% stake
Citi said it was brokering the deal
INTERNAL TRADE
MEETING WITH AN ANALYST
Paras Defense will meet with several investors on November 30
Voltas will meet with several investors from November 30 to December 9: Bank of America, MS, Fidelity, Mirae, BNP Paribas, FSSA Investments, ITI Long, BOBCaps
IEX will meet with Jeetay Investments on November 30
Infybeam Avenues will meet with several investors from November 30 to December 5
Alkem Labs to meet Phillip Capital, Enam AMC, Mahindra Manulife MF on November 30 and December 1
ABFRL met Ward Ferry and ICICI Pru Life on 28 and 29 November
Fine Organics will attend the Poland Investor Conference on November 30
Allcargo will meet with several countries on December 1st
Aether will participate in the Prabhudas Lilladher Specialty & Agro Chemicals Conference’ in Mumbai on December 1
Aether met Acis MF on November 29th
Hindware Home Innovation to meet Nalanda Capital on November 30
ICICI Bank attended the Goldman Sachs India CIO Tour 2022 on November 29
DCB Bank met with Neuberger Berman Investment Advisers LLC on November 29th
Jindal Steel and Power met ICICI Prudential AMC, SBI MF, TATA AIA and MIRAE on November 29
Olectra met with multiple investors today, including Blackrock
Medanta will meet Ward Ferry on the 1stSt Dec
Phoenix Mills participated in the 11th Goldman Sachs India CIO Tour held on Tuesday, November 29, 2022.
Metro Brands met with Dolat Capital and WCM Investment on November 29
Gokaldas Exports met Ambit on 30 November
Hindustan Foods to meet Helios Capital and SBI MF on November 30