Here's a quick look at the stocks that will be in focus in trade on Thursday, covering significant fund-raising activities, major deals, and key appointments announced by companies after market hours on Wednesday:
Stocks To Watch
Archean Chemical Industries
India Resurgence Fund – Scheme 1 & Scheme 2, and Piramal Natural Resources are likely to sell a 10.13% stake in Archean, reports CNBC-TV18 quoting sources. The floor price is set at Rs 655 per share with a deal size of Rs 818.7 crore.
CSB Bank
FIH Mauritius Investments, which currently holds a 49.72% stake in CSB Bank, is likely to sell a 9.72% stake via a block deal, sources told CNBC-Awaaz. FIH Mauritius Investments is likely to raise Rs 595 crore through the block deal at a floor price of Rs 352.4 per share.
PI Industries
The company has announced an offer to acquire Plant Health Care Plc for £32.8 million, with a strategic objective to build a differentiated portfolio of integrated solutions for sustainable agriculture.
Muthoot Microfin
Sadaf Sayeed, CEO of Muthoot Microfin, has been appointed as the Co-Chair of Sa-Dhan, the largest and oldest association of microfinance and impact finance institutions in India. The re-election took place during Sa-Dhan's 26th Annual General Body Meeting.
PTC India Financial Services
The RBI has approved the appointment of R Balaji as MD & CEO of the company effective June 26.
India Cements
India Cements will be excluded from the F&O segment after the end of the August series.
Adani Ports and Special Economic Zone
S&P Global Ratings has upgraded the outlook of the company to Positive from Stable and reaffirmed the ratings at BBB-.
Bharti Airtel
Bharti Airtel has acquired 97 MHz spectrum in 900 MHz, 1,800 MHz, and 2,100 MHz frequency bands through the auction for Rs 6,857 crore.
Reliance Industries
Subsidiary Reliance Jio has acquired 14.4 MHz spectrum in the 1,800 MHz frequency band for Rs 973.62 crore.
Vodafone Idea
The telecom operator has acquired 30 MHz spectrum in 900 MHz, 1800 MHz & 2500 MHz frequency bands for Rs 3,510 crore
EMS
The company has received a letter of award for survey, investigation, design, build, operate, and transfer of interception & diversion and treatment works including a 15-year O&M period at Hathras Town, UP under the Namami Gange Programme on DBOT mode. The estimated order value is Rs 119.05 crore, wherein EMS has a 26% share with the other two JV partners.
JSW Energy
JSW Neo Energy: JSW Neo Energy, a wholly-owned subsidiary of the company, through its subsidiaries, has signed Power Purchase Agreements for wind and solar projects with a cumulative capacity of 1,325 MW comprising of 1,025 MW with Solar Energy Corporation of India and 300 MW with Gujarat Urja Vikas Nigam.
Godrej Properties
The company received a letter from the members of the promoter group, intimating that the realignment pursuant to the Family Settlement Agreement is expected to be completed in July 2024.
Ramky Infrastructure
The company has received a Notification of Awards (NOA) from PowerGrid Energy Services, a wholly owned subsidiary of Power Grid Corporation of India, for projects worth Rs 131.2 crore in Ladakh.
Supreme Industries
The company has received a Letter of Acceptance (LOA) from Indian Oil Corporation for the supply of 10 kg composite LPG cylinders worth Rs 55 crore.
Rail Vikas Nigam
The KRDCL-RVNL joint venture has received a Letter of Acceptance from Southern Railway for a project worth Rs 156.47 crore, involving the provision of automatic signaling on the Ernakulam JN (ERS) - Vallattol Nagar (VTK) section on the B-Route of Thiruvananthapuram division in Southern Railway.
SJVN
SJVN, through its wholly owned subsidiary SJVN Green Energy (SGEL), has signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) for green ammonia plants.
KEC International
The RPG Group company has secured new orders of Rs 1,025 crore in transmission and distribution, and cables businesses.
Dr Reddy’s Laboratories
Subsidiary Dr Reddy’s Laboratories SA, Switzerland has entered into a definitive agreement with Haleon plc and its associate companies to acquire Nicotinell and related brands.
Panacea Biotec
Shekhar Patel has been appointed as Chief Executive Officer of Panacea Biotec Inc, effective June 26 and has ceased to be senior management personnel of Panacea Biotec Pharma. Shekhar Patel was working as Chief Executive Officer - US Business of the company's material subsidiary, Panacea Biotec Pharma.
Jubilant Ingrevia
The board has approved the appointment of Varun Gupta as Chief Financial Officer of the company effective August 12. He will also be designated as the key managerial personnel of the company.
ITD Cementation India
The company has secured a new marine contract for constructing the Third Berth (Jetty) and specified additional works at Dahej LNG terminal in Gujarat, worth Rs 1,082 crore.
SME Listing on June 27
Winny Immigration and Education Services, Dindigul Farm Product
Bulk Deals
Affle (India)
ICICI Prudential Mutual Fund and the Monetary Authority of Singapore bought a 1.7% stake in the company at an average price of Rs 1,290 per share. However, promoter Affle Holdings Pte Ltd sold 1.78% shares at the same price.
Hindustan Foods
Aditya Birla Sun Life Insurance Company, ICICI Prudential Life Insurance Company, Morgan Stanley Asia Singapore Pte, and Samsung India 2.0 Equity Master Investment Trust bought a 9.22% stake in Hindustan Foods at an average price of Rs 502 per share. However, Infinity Consumer Holdings, Sixth Sense India Opportunities II, Westbridge AIF I, and Jwalamukhi Investment Holdings sold 10.89% shares at the same price.
Sharda Motor Industries
Axis Small Cap Fund, Axis India Manufacturing Fund, HDFC Mutual Fund - HDFC Manufacturing Fund, Nippon India Mutual Fund, ICICI Prudential Mutual Fund, and HSBC Mutual Fund bought a 6.2% stake in Sharda Motor at an average price of Rs 1,996.1 per share. However, promoter Mala Relan offloaded 8.4% shares at the same price.
Titagarh Rail Systems
Promoter Rashmi Chowdhary offloaded a 2% stake in Titagarh Rail at an average price of Rs 1,618 per share. However, Blackrock Global Emerging Markets Fund Inc picked 0.7% shares at the same price.
Vedanta
Finsider International Company, part of the promoter group, sold a 2.63% stake in Vedanta at an average price of Rs 427.2 per share.
Inox Green Energy Services
Dovetail India Fund sold a 1.05% shareholding in the company at an average price of Rs 166.56 per share. However, Societe Generale bought 1% shares at an average price of Rs 166.5 per share.
Stocks Trade Ex-dividend
Titan Company, Supreme Petrochem
Stock Trades Ex-Bonus
Aurionpro Solutions
Stock Trades Ex-Date for Split
Share India Securities
F&O Ban
India Cements, GNFC, Indus Towers, Punjab National Bank, SAILDisclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.