All You Need To Know Going Into Trade On January 11

• One97 Communications: The company disbursed loans worth Rs 2,180 crore in October-December quarter, up 73% QoQ. Gross merchandise for Q3 stood at Rs 2.5 lakh crore, up 28% QoQ. Average monthly transacting users rose to 6.44 crore in Q3, up 12.5% QoQ. The company also deployed over 20 lakh devices in Q3, up 54% QoQ.

• Mindspace Business Parks REIT: Blackstone exited Mindspace Business Parks REIT by selling its stake to the Abu Dhabi Investment Authority, Moneycontrol reported, citing sources. The deal was struck for about $240 million, according to the report.

• Spandana Sphoorty Financial: To raise upto Rs 300 crore from founder Kanchenjunga.

• Axis Bank: Approves re-appointment of Rajiv Anand as deputy MD for 3 years.

• Fortis Healthcare: A suit has been filed against the company along with others by Emqore Envesecure alleging copyright infringement, tortious interference with contracts, etc. and has claimed damages more than $6.5 billion from all defendants.

• Bank of Baroda: The bank has cut overnight MCLR from 6.50% to 6.45% effective Jan. 12, 2022.

• Take Solutions: The company has defaulted on loans of nearly Rs 238 crore from Siemens Bank and IndusInd Bank as of Dec. 31, 2021.

• Sona BLW Precision Forgings: NCLT has sanctioned the scheme of amalgamation of Comstar Automotive Technologies with Sona BLW Precision Forgings and their respective shareholders.

• SJVN: The company has been granted a Category “I” license for inter-state trading in electricity in the whole of India by Central Electricity Regulatory Commission.

• JSW Ispat Special Products: The company reported production of 1.4 lakh tonnes of crude steel, a growth of 14% sequentially.

• Antony Waste Handling Cell: The company reported growth of 22% in Q3 in operating revenue on YoY and sequential basis. Total tonnage handled by the Collection & Transportation reported around 13% growth YoY and around 3% growth sequentially, while total waste processed by the company during the quarter has improved by around 6% YoY and around 4% sequentially. Total compost sales rose 8.11% to 3,144 tons versus 2,908 tons in Q2.

• RPSG: The company will consider fund raising proposal on Jan. 13.

• Brookfield India Infrastructure: The company has called an Extraordinary General Meeting on Jan. 10 to consider proposal to borrow and create charge on assets, approve preferential issue of upto 52,87,01,04 units.

• Timex Group India: Gets rights for Guess and GS Branded watches in India

Earnings: Delta Corp, National Standard (India)

Waaree Energies and Five-Star Business Finance have received SEBI approval for IPOs. SEBI issued an observation to Waaree Energies on Jan. 3 and to Five-Star Business Finance on Jan. 7.

• Mindspace Business Parks REIT: Platinum Illumination A 2018 Trust bought 5.43 crore (9.1%) units at Rs 320 apiece. Brep Asia SG Pearl Holding NQ PTE sold 5.42 (9.1%) crore units at Rs 320 apiece.

• Cerebra Integrated Technologies: Barclays Securities India bought 6.13 lakh (0.50%) shares at Rs 92.5 apiece.

• NCC: KBC Eco Fund sold 32.55 lakh (0.53%) shares at Rs 73.52 apiece.