All You Need To Know Going Into Trade On June 15

Stocks To Watch

• JSW Ispat Special Products: Promoter AION Investments Private II Ltd to sell up to 9.94 crore shares, representing 21.18% of the total equity share capital through an offer for sale. The floor price of Rs 27 per share is at a discount of 52.92% to Monday’s closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.

• SBI Cards and Payment Services: Approved allotment of 5,000 unsecured NCDs of Rs 10 lakh each aggregating to Rs 500 crore on a private placement basis. The coupon rate is fixed at 5.55% per annum for a period of 3 years.

• Care Rating: Securities Appellate Tribunal has reduced the Rs 1 crore penalty imposed by SEBI in 2020 to Rs 10 lakh. SEBI after conducting adjudication proceedings in relation to credit ratings assigned to one of the customers had imposed a penalty on the company.

• Clariant Chemicals (India): Clariant AG has agreed to sell its pigments business to Heubach Group and SK Capital Partners at an enterprise of CHF 805 million to CHF 855 million on a cash and debt-free basis. Clariant will reinvest to become a 20% shareholder alongside Heubach and SK Capital in the ultimate holding company. The sale is expected to be completed in the first half of 2022.

• NHPC: Signed an MoU with Bihar State Hydro-Electric Power Corporation for execution of 130.1 MW Dagmara HE Project in the state on ownership basis. The state government will provide a grant of Rs 700 crore for the project.

• Zuari Agro Chemicals: Resumed production at Ammonia and Urea Plants at Zuarinagar in Goa on June 13.

• Can Fin Homes: National Housing Bank has imposed a penalty of Rs 29.13 lakh plus applicable GST at 18%. The company had accepted individual deposits aggregating to Rs 14.56 lakh from five small depositors for a period of fewer than 12 months, in contravention of para 4 of the HFCs (NHB) Directions.

• Ashiana Housing: Entered into a development agreement for developing a residential project with a saleable area of 8,95,000 sq. ft. in Pune on a revenue-sharing basis.

• Sagar Cements: To consider a proposal to sub-divide the face of the equity shares from Rs 10 each into an appropriate amount on July 1.

• Karur Vysya Bank: Revised its Base Rate to 8.45% from 8.25%. BPLR rate changed from 13.25% to 13.45%.

• Power Finance Corporation: Incorporated Mohanlalganj Transmission as a wholly-owned subsidiary of PFC Consulting for the development of a transmission scheme associated with the construction of 400/220/132kV GIS Substation at Mohanlalganj in Lucknow.

• Axis Bank: Says GIC seeks reclassify change to public category from promoter

• Earnings: Jubilant FoodWorks, LIC Housing Finance, Power Finance Corporation, Lemon Tree Hotels, Whirlpool of India, Easy Trip Planners, BLS International Services, Centum Electronics, Entertainment Network (India), Spencers Retail

IPO Watch

• Aion Investments offer-for-sale in JSW Ispat Special Products, for up to 21.2% or 99.46 million shares open for non-retail investors; retail investor can bid on Wednesday

• Shyam Metalics IPO gets 123% demand on the first-day sale, offer closes June 16

• Sona BLW Precision IPO gets 11% demand on the first-day sale, offer closes June 16

• Ruchi Soya seeks to raise up to Rs 4,300 crore in a follow-on public offer