The Federal Bank plans to raise funds by issuing securities


Events today

Matrimony.com: Last day to buy to be eligible for buyback

The Federal Bank plans to raise funds by issuing securities

Hindustan Copper plans to raise funds via equity/NCD issuance

REC will study a proposal for a free share issue plan

Maruti Suzuki: Brezza launches in 10 new variants

FnO Monthly Expiry

India to release budget deficit and output data for eight basic industries

AGM

Indian hotels (3 p.m.)

National Bank of Punjab (11 a.m.)

Union Bank of India (11 a.m.)

GHCL (10h)

Dr. Lal PathLabs (10:30 a.m.)

Cera Sanitary (11:30 a.m.)

Sugar Dwarikesh (11:30 a.m.)

KEC International (2 p.m.)

Sagar cements (15h)

Oil and Gas Updates

Singapore GRMs fell to $20/bbl from $23.6/bbl yesterday

From its recent high of $30.5/bbl – down 34%

Securities transaction

nothing major

DII/FII data

FII sold Rs 851.06 cr net worth of shares on June 29 (prov.)

Net DIIs purchased for Rs 847.46 cr of shares on June 29

FII F&O cash data:

Net sale of index futures Rs 2413 cr

Net index options buy Rs 1503 cr

Net forward purchase on shares Rs 13 cr

Stock options net buy Rs 76 cr

Total net sale of FII Rs 821 cr in F&O

F&O ban

Sun Television

Removed:- Delta Corp

Bundle/Bulk Offer

MTAR Technologies

USHA REDDY sold 2lk shares @ 1250

KAVITHA REDDY sold 2lk shares @ 1250

SEGANTII INDIA MAURITIUS bought 3lk shares @ 1249

HDFC MF bought bought 2lk shares @ 1250

Venus Pipes

New Berry Advisors Sold 118172 @ 329.01

Hikal

Smallcap World Fund INC sold 25,00,000 @ 249.02

Company announcements

Indian oil

Received approval for capacity expansion of Digboi refinery in Assam from 0.65 to 1 MMTPA Estimated cost of Rs.740.20 cr

The project is expected to be commissioned by October 2025

Objective – capacity expansion would improve the profitability of the Digboi refinery

Home First Funding

The company’s long-term bank facilities were changed from A+ (Stable) to AA- (Stable)

LIC

Updates on Intrinsic Value Determination

Said it will take a bit longer and can expect by July 15th

Minda Industries

Acquisition of a 5.24% stake in FRIWO AG, Germany for a cash consideration of €14.99 million.

FRIWO AG is engaged in the manufacture of power supplies, chargers, motor control units and other products.

Wonder Vacations

Signing of an agreement with the Government of Odisha to lease 50 acres of land for the development of an amusement park project

Infosys

$10 million investment in a venture capital firm’s house fund, House Fund III

Objective- Infosys seeks to partner with such startups to complement its organic capabilities and jointly help customers globally transform their businesses

Biocon

Reached an agreement to acquire up to 26% in AMPYR Renewable Energy Resources Eleven Pvt Ltd, SPV formed for the production and supply of solar energy.

Cash consideration Rs 7.50cr

Spandana Sphoorty

The board meets to review the results of Q4FY22 on July 11.

CSB Bank

RBI has approved the extension of Pralay Mondal, Deputy Managing Director as Managing Director and Acting Managing Director of the Bank, for a further period of three months or until the appointment of a Managing Director and Regular Managing Director of the Bank. Bank, whichever comes first.

Other news

Visit of the Exide lithium-ion battery factory: Investec

The JV (Exide as the majority partner with 86% of the capital) has to date invested nearly Rs 250 cr (excluding land) in the assembly plant

Annual peak revenue potential of Rs 1000-1300 cr

Onboarding some branded customers – global commercial vehicle manufacturer and one of the largest 2W electric producers in India

The company is also in discussions with other customers to increase its order book.

The plant is currently operating at 30-40% capacity utilization

Zydus Wellness Mgmt Meeting: BOBCAP Sec

Improved brand awareness and launched 4-5 new products/variants to support double-digit growth

Aims to expand direct distribution coverage from 2.25 million currently to 3.5-4 million by FY25

Goal is to have 8-10% revenue from international operations over the next 4-5 years, up from around 4% in FY22

GST Board Meeting

GST rate on LED lamps, their PCB increased to 18% from 12%

GST rates increased to 12% on solar water heaters and system

GST increased from 12% to 18% on tetra packs

GST reduced from 0.25% to 1.5% on cut/polished diamonds

Council didn’t take GST on crypto

Insiders

Companies Category Number of actions Activity
Tanla Platforms Director 1,000 Bought
Brilliant Brothers promoter 1,400 Bought
Kovai Medical promoter 5,919 Bought
Ms. Bectors Food Promoting group 6,000 Bought
Haldyn Glass promoter 6,080 Bought
Praveg Communications Promoting group 9,433 Bought
Som Distilleries promoter 10,000 Bought
NCL Industries Promoter and director 15,241 Bought
RBL Bank Immediate relative 20,000 Bought
Everready Industries Director 50,000 Bought
RBL Bank Designated person 52,000 Bought
Finance Manappuram Promoter & Director 56,000 Bought
Jindal stainless steel Promoting group 423,989 Bought
JSPL Employee trust 2,308,679 Bought
Alkylamines Employee 200 Sold
Minda Industries Employee 516 Sold
Kirloskar Industries Employee 720 Sold
Supreme Petro Designated person 1,900 Sold
Dr. Lal PathLabs Designated person 2,320 Sold
V-Guard Industries Director 7,000 Sold
Astral Ltd Immediate relative 7,165 Sold
M&Ms Designated person 7,900 Sold
Intellectual design Connected person 12,000 Sold
Mastek Designated person 15,930 Sold
Industry page promoter 16,672 Sold
MTAR Technologies Designated person 61,855 Sold
Nykaa Designated person 92,281 Sold
Sterling and Wilson promoter 770 579 Engaged

Investor/analyst meeting

Shriram Transport Financial Meeting with Ekagrata Capital Advisers, Citadel International Equities and ICICI Prudential Life on June 29

eMudhra meeting with ALCHEMY LEADERS OF TOMORROW on June 30

Visit of an investor from Aether Industries to the factory on July 5

Salasar Techno Engineering held a meeting with many investors on June 28

Vedanta meeting with GeeCee Holdings, Aspex Management and Sandglass Capital on June 30

Rajratan Global Wire meeting with Motilal Oswal on June 30, B&K on July 1

RBL Bank meeting with Gaja Advisors on June 29

Krsnaa Diagnostics meets with Kotak Mutual Fund, ICICI Prudential Mutual Fund on June 30

Aditya Birla Fashion and Retail meeting with Axis Mutual Fund, Nippon Mutual Fund, Wealth Advisors on June 29

Meghmani Finechem meets Jefferies India on July 1

ICICI Lombard general Insurance meeting with Tata Capital, Avendus Capital on June 29 and Aditya Birla Sun Life on June 28

Aavas Financiers meeting with Capital Group on June 28, Mondrian Investment Partners on June 29

Jindal Steel & Power meeting with Mirae Asset Management on June 29

CSB Bank met with a host of advisors on June 28 and 29

Best Agrolife participated in the call organized by Arihant Capital Market on June 28

Meeting between Mindspace Business Parks REIT and Star Union Daicchi Life Insurance on June 30

Phoenix Mills participated in the call hosted by Kotak Securities on June 29

Latent View Analytics meeting with Franklin Templeton Investments on June 29

Shriram City will meet with East Bridge Advisors on June 30.

NLC India will hold an investor meeting on July 5.

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