SEBI board meeting today; Bank of Japan Interest Rate Decision

Stock Market Essentials For December 20: SEBI board meeting today; Bank of Japan Interest Rate Decision

Photo : BCCL

EVENTS- GLOBAL & DOMESTIC

Global Cues on Dec 20, 2022:

Corporate Action:

Sheela Foam: Last day to buy to be eligible for bonus issue (1:1)

Tanla Platforms: Buyback to start via Tender Offer

BPCL: Board Meeting on December 20 to consider investment proposals

Sterling & Wilson OFS opens today

Lock-in Period Ends:

Dec 20: Harsha Engineers- Anchor lock-in open; 3.8% of equity out of lock-in

IPO Action:

Elin Electronics: IPO to Open for subscription from Dec 20 to Dec 22

KFin Technologies: Day 2 of IPO

Other Events:

SEBI board meeting today

Hyundai Ioniq 5 Set to Debut: Agencies

Block Deal Today (Sources):

Dabur

Promoter looking to sell 1.4 cr equity shares at Rs 565 – 4% discount to CMP

Deal Size:- Rs 800 cr

Goldman Sachs is the broker to the deal

OIL & GAS UPDATE: (To be filled)

Brent Crude at $80/bbl Vs $79/bbl

Singapore GRM at $9/bbl Vs $9.7/bbl

Asia Spot Gas prices at $36.5/mmBtu Vs $35.6/mmBtu

FII DII CASH MARKET DATA:

FIIs net sold Rs 538.1 cr worth shares on December 19

DIIs net bought Rs 687.4 cr worth shares on December 19

FII FnO DATA:

Index futures net buy Rs 1155.81 cr

Index options net buy Rs 3583.66 cr

Stock futures net buy Rs 1766.42 cr

Stock options net buy Rs 236.37 cr

Total FII net buy Rs 6742.26 cr in F&O (Stock + Index)

BULK/BLOCK DEALS YESTERDAY:

Nothing important

CORPORATE ANNOUNCEMENTS:

Sterling & Wilson (OFS)

Promoters sale shares via OFS in the company between Dec 20-21

Promoter Khurshed Daruvala to sell 1.07% stake

Promoter Shapoorji Paloonji to sell 2.5% stake

Floor Price for OFS at Rs 270/sh

Hinduja Global Solutions (Buyback + Appointment / Resignation of Directors)

Mode: Tender Offer

Max Buy Back Price: Rs 1700/sh (21% to yesterday’s CMP)

BuyBack Size: 1020 cr

Indicative Max No of Sh: 60 lakh shares (14.36% of total paid up eq sh)

+ Change in Directors

Successfully completes Phase 1 study of DRL_TC, a proposed biosimilar of tocilizumab

NDTV

Adani group buys 8.27% NDTV shares via open offer

Adani group holding in NDTV increases to 37.4% post open offer

IPCA Lab

Acquisition of further 6.53% of the paid-up equity share capital of Trophic Wellness Pvt. Ltd

Post-acquisition, Company holds 58.88% of paid-up equity share capital of Trophic Wellness

NBCC (Order Win)

Gets work order worth Rs 69.3cr by Odisha Power Transmission Corporation

IRB Infra (Stock split/ subdivision)

Board Meeting to consider alteration of share capital by way of subdivision/ stock split is scheduled to be held on January 04, 2023

PTC India

PTC India issued a clarification on media reports on’ PTC’s promotor companies selling their equity stakes in PTC’

Management clarifies that PTC is not aware of any such developments of stake sale by the promotor companies.

All the four (4) promotor companies have nominated their senior officials on the Board of PTC who have always been actively participating in board meetings and consistently guiding company for its future growth.

+

PTC India inks pact with Bhutan’s Druk Green Power Corporation to export 600 MW power

(Agencies)

LIC

Shareholding in IRCTC increased from 5.005% to 7.278% of the paid-up capital at an average cost of Rs 692.28/sh

NITCO

Entered into Memorandum of Settlement with the labour union

The Company had inter-alia provided to the workers due compensation. In this regard, both parties had withdrawn all the cases, litigations or legal proceedings which were

pending before any Court, forum or statutory authority

Vinati Organics

NCLT directed to convene shareholder meeting on 28 Feb 2023 the matter of Amalgamation of Veeral Additives and Vinati Organics and their respective Shareholders and Creditors

Bank of India

Bank has infused capital of Rs 57.92cr in Star Union Dai-lchi Life

Uno Minda

Company has invested Rs 15.3cr to acquire 1,53,00,000 Equity Shares offered and issued by MKESPL on Rights basis.

MKESPL- Minda Katolec Electronics Services Private Limited , subsidiary company

HDFC Ltd

Increases its Retail Prime Lending Rate (RPLR) on Housing loans by 35 bps wef Dec 20, 2022

Just Dial (Promoter Stake Sale)

Proposed sale of equity shares of face value of Rs. 10 each Equity Shares of Just Dial Limited by Reliance Retail Ventures Limited

Through open market sale for achieving minimum public shareholding

RRVL, the promoter of the Company, intends to sell Equity Shares of the Company

RRVL shall be undertaking a sale of 16 lakh shares constituting 2.00% of the total paid up capital

Intends to complete the sale of the Sale Shares within a period of 8 trading days beginning December 21, 2022.

DFM Foods

Delisting price discovered through reverse book building stood at Rs 525 – 18% premium to CMP.

Advent is yet to accept the discovered delisting price

TIPS Industries Limited

Record date for the purpose of Buyback is 30-Dec-2022.

Veranda Learning Solutions

Edureka collaborates with PURDUE University to offer online Post Graduate Program Certifications

OTHER NEWS (FROM AGENCIES):

UBS cuts 2023 Nifty target by 4% to 18,000 as retail inflows EBB

Adani Launches Digital Consumer App for Airport Services