Stock market essentials for September 20: Crompton Greaves okays sale of 6% stake in subsidiary Butterfly Gandhimathi Appliances

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Events Today

Eclerx Services: Last day to buy to be eligible for bonus issue in the ratio 1:2

Crompton Greaves: offer for sale 6% shares of Butterfly Gandhimathi open for non-retail investors

AGMs

Hatsun Agro Product Ltd (10.00 am)

TCNS Clothing Co Ltd (10.30 am)

Federal-Mogul Goetze India Ltd (11.00 am)

Snowman Logistics Ltd (11.00 am)

LUX Industries Ltd (11.00 am)

Action Construction Equipment (12.00 pm)

GNA Axles Ltd (12.30 pm)

Oil & Gas Updates

Brent Crude at $92/bbl Vs $92/bbl

Singapore GRM at $(2.5)/bbl Vs $(3)/bbl

Asia Spot Gas prices at $42/mmBtu Vs $42/mmBtu

Corporate Action

Nil

DII/FII data

FIIs net bought Rs 312.3 cr worth shares on September 19 (prov)

DIIs net sold Rs 94.7 cr worth shares on September 19

FII F&O Cash Data:

Index futures net buy Rs 1173 cr

Index options net sell Rs 4234 cr

Stock futures net buy Rs 42 cr

Stock options –

Total FII net sell Rs 3019 cr in F&O

F&O Ban

Indiabulls Housing

RBL Bank

PVR

India Cement

Addition:- Delta Corp and Escorts

Bulk/Block Deal

Dhampur Bio Organics

SARASWATI PROPERTIES LIMITED sold 21lk shares @ 171

GOEL INVESTMENTS LIMITED sold 31lk shares @ 171

SONITRON LIMITED bought 52lk shares @ 171

Dhampur Sugar Mills

SONITRON LIMITED sold 40.4lk shares @ 220

SARASWATI PROPERTIES LIMITED bought 16lk shares @ 220

GOEL INVESTMENTS LIMITED bought 24.4lk shares @ 220

KIMS

GENERAL ATLANTIC SINGAPORE KH PTE sold 12.1lk shares @ 1250

ICICI PRUDENTIAL LIFE INSURANCE COMPANY bought 12.1lk shares @ 1250

V-Mart

PLUTUS WEALTH MANAGEMENT LLP sold 3lk shares @ 2915

AMANSA HOLDINGS PRIVATE LIMITED bought 2.8lk shares @ 2915

Advanced Enzymes Tech

ADVANCED VITAL ENZYMES PVT LTD sold 25.7lk shares @ 270

NALANDA INDIA EQUITY FUND bought 29lk shares @ 270

BSE

ISHARES CORE EMERGING MARKETS MAURITIUS CO sold 1.5lk shares @ 663

ISHARES INDIA SC MAURITIUS COMPANY sold 20k shares @ 663

ISHARES CORE MSCI EMERGING MARKETS ETF bought 1.5lk shares @ 663

ISHARES MSCI INDIA SMALL-CAP ETF bought 20k shares @ 663

CDSL

ISHARES CORE EMERGING MARKETS MAURITIUS CO sold 94k shares @ 1334

ISHARES INDIA SC MAURITIUS COMPANY sold 12k shares @ 1334

ISHARES CORE MSCI EMERGING MARKETS ETF bought 94k shares @ 1334

ISHARES MSCI INDIA SMALL-CAP ETF bought 12k shares @ 1334

Westlife Development

ISHARES CORE EMERGING MARKETS MAURITIUS CO sold 1.7lk shares @ 714

ISHARES INDIA SC MAURITIUS COMPANY sold 32k shares @ 714

ISHARES CORE MSCI EMERGING MARKETS ETF bought 1.7k shares @ 714

ISHARES MSCI INDIA SMALL-CAP ETF bought 32k shares @ 714

Corporate Announcements

MISTHAN FOODS

To set up 1000 klpd grain based ethanol manufacturing facility in Gujarat

Project expected to generate annual revenue of `3500 cr

Estimated project cost `2250 cr

Mastek

To avail standby letter of credit of $32 million due to cancellation of corporate guarantee.

IIFL Wealth

Received NOC from SEBI for proposed sale of shares by Fairfax to Bain Capital.

Seshasayee Paper Boards

Emerged as the successful bidder in the e-auction for acquisition of the assets of Servalakshmi Paper Limited on liquidation on a Going Concern basis

Hatsun Agro Products

Approved raising of funds by way of issue of Equity Shares via Rights Issue to the existing shareholders upto Rs.400 Cr

Crompton Greaves Consumer Electrical & Butterfly Gandhimathi appliances

Approved the sale of upto 10,72,775 equity shares of Butterfly Gandhimathi, representing up to 6 % stake via OFS

Date- Sept 20 & 21st

Floor Price- Rs 1370/sh

The share sale will help Crompton Greaves meet India’s rules on minimum public shareholding requirements for listed companies

CG Consumer recently acquired Butterfly Gandhimathi. Had made an open offer to acquire shares from public shareholders at a value of Rs 1,434/share.

Can Fin Homes

Resignation of Girish Kousgi as Managing Director &CEO of the company

Girish Kousgi informed board about the decision today on 19 Sept

He has cited personal reasons for resignation

IRCON International

Award of work valuing Rs.256 Cr by Mahanadi Coalfields Limited

Natco Pharma

Gets CTPR launch approval from Delhi High Court

Company estimates current market size of CTPR containing products in India to be over Rs 2000 cr

The Company plans to launch its products very shortly

Note: CTPR is Chlorantraniliprole, an insecticide that is used in several crops

Bombay Dyeing

Board to consider fund raise via rights issue on September 22nd

Shilpa Medicare

Worlds first topical hemostatic spray of Tranexamic Acid has received CDSCO approval.

The product is protected by granted patents in India till 2037 and in US, Australia, Russia and South Africa till 2038. Shilpa is continuously pursuing patent prosecution in other countries and for further protection.

Others

From Bloomberg

Wheat Futures Tumble With Global Recession Prospects in Focus

Chicago wheat futures declined on export woes and worries about an economic slowdown hurting grain demand. Wheat futures fell 3.4% to settle at $8.305 a bushel, the steepest decline since Sept. 1

India, Saudi Arabia Reaffirm Cooperation on West Coast Refinery

The two nations also agreed to prioritize the operationalization of digital payment mechanisms such as unified payments interface and Rupay Card in Saudi Arabia, a statement from India’s trade ministry said.

The countries have identified 41 areas of cooperation in agriculture and food security, energy, technology, industry and infrastructure: statement

The two nations also discussed the removal of trade barriers, including the pending issues pertaining to Indian pharma products in Saudi Arabia and the feasibility of institutionalizing rupee-riyal trade, among others

Insiders

Companies Category No. Of Shares Activity
TRENT Directors Immediate Relative 560 Bought
Nippon Life Designated Person 1,000 Bought
ECLERX SERVICES Trust 1,513 Bought
BERGER PAINTS Other 2,000 Bought
ZYDUS WELLNESS Promoter Group 2,352 Bought
Solara Active Directors Immediate Relative 25,258 Bought
Star Cement Promoter Group 49,742 Bought
India Pesticides Immediate Relative 70,205 Bought
WELSPUN INDIA Trust 176,275 Bought
WIPRO Designated Person 343,472 Bought
D B Corp Promoter 356,000 Bought
Adani Green Promoter Group 400,000 Bought
AMBUJA CEMENTS Promoter Group 702,442 Bought
ADANI ENTERPRISES Promoter Group 1,075,000 Bought
V-GUARD INDUSTRIES KMP 1,500 Sold
Vaibhav Global Other 1,858 Sold
IPCA LAB Other 2,000 Sold
Campus Activewear Designated Person 5,000 Sold
Orient Electric Connected Person 6,000 Sold
IIFL Wealth Employee 7,300 Sold
BLS International KMP 8,500 Sold
INDUSIND BANK Designated Person 9,029 Sold
Nykaa Designated Person 24,750 Sold
MAHINDRA HOLIDAYS Designated Person 30,950 Sold
Mahindra CIE Directors Immediate Relative 81,841 Sold
FIRSTSOURCE SOLUTIONS Trust 192,315 Sold
J.B.CHEMICALS Designated Person 4,630 Pledge
UNO Minda Designated Person 63,520 Pledge
AJANTA PHARMA Promoter 470,000 Pledge

Analyst Meetings

Kolte-Patil Developers to attend Motilal Oswal Annual Global Investor Conference on Sept 21

Brigade Enterprises to meet host of investors on 20,23 Sept

Axis Bank attended Equirus Virtual Annual Conference on Sept 19

SBI to attend meeting organzed by JP Morgan on Sept 20

GHCL, CSB Bank, Sapphire foods , Delhivery, Jindal Stainless Steel, IPCA Lab, Metro Brand to participate in Motilal Oswal investor conference on Sept 20

Century Textiles & Industries meeting with IDFC Asset Management on 20 Sept

Creditaccess Grameen meeting with host of investors from 19-22 Sept

Coforge to attend Equirus Virtual Annual Conference on Sept 20

Ramkrishna Forgings met Dhanki Securities on Sept 19

Varun Beverages to attend J.P. Morgan India Consumption Tour on Sept 20

Mahindra Holidays & Resorts meeting with Kotak AMC, Yes securities on Sept 20

Carborundum Universal to attend Equirus Virtual Annual Conference on Sept 21

PNB Bank held meeting with Capital Group on Sept 19

Manappuram finance to participate in Motilal Oswal investor conference on Sept 20, meeting with Schonfeld on 21 Sept and Blackstone on 23 Sept

Gokaldas exports meeting with capri global advisory, Ocean dial Asset Management, Locus Investment group and family office on Sept 20

TATA Consumer to attend J.P. Morgan India Investor Summit on Sept 20, Motilal Oswal Conference on 21 Sept and meeting with Schroders plc, MIB Securities India on 23 Sept

Tube Investment of India meeting with Sundaram Asset Management on Sept 20

ICICI sec met with UTI AMC on Sept 19.

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