Zee leisure corporations: Segantii India Mauritius, Morgan Stanley and Goldman Sachs have acquired Rs 640 crore stake within the media and leisure firm by means of open market transactions. Segantii India Mauritius purchased 90.19 lakh shares, Morgan Stanley Asia Singapore Pte 1.58 million shares and Goldman Sachs Singapore Pte ODI purchased 64.2 lakh shares in Zee at a mean value of 204.5 rupees per share. Nevertheless, OFI International China Fund LLC has exited the corporate by promoting complete 4.91 million shares on the similar common value, amounting to Rs 1,004.34 crore.
Outcomes on April 18: ICICI Lombard Normal Insurance coverage Firm might be in focus forward of quarterly outcomes on April 18. Tata Espresso, Schaeffler India, CRISIL, Seacoast Transport Providers, Accelya Options India, Oriental Rail Infrastructure and Vivanta Industries may also launch their quarterly numbers in the present day.
Angel One: The retail stockbroking home has registered 30.4% year-on-year development in consolidated revenue at Rs 267 crore on sturdy efficiency and operational efficiency. Consolidated income of Rs 825.7 crore for the quarter grew by 21.3 per cent, whereas on the working entrance, EBITDA rose 30 per cent year-on-year to Rs 385 crore with margin enlargement of 310 bp to 46.6% in 4Q23. The board has authorised a remaining dividend of Rs 4 per share and appointed Amit Majumdar as Govt Director, Strategic Initiatives, with impact from April 17.
Jubilant FoodWorks: Coca-Cola India has acquired 15% fairness in Hashtag Loyalty, the affiliate firm of Jubilant Foodworks, for Rs 104.68 crore. Hashtag Loyalty has signed a inventory subscription settlement with Coca-Cola India. Consequently, Jubilant’s stake in Hashtag has been lowered from 35% to 29.75%.
Avalon Applied sciences: The electronics manufacturing providers firm will debut on the inventory exchanges on April 18. The difficulty value has been fastened at Rs 436 per share.
Subex: Vinod Kumar Padmanabhan has utilized for early retirement as managing director and CEO of the software program firm. Vinod Kumar, who has spent 25 years at Subex, was attributable to retire on March 31, 2024. The board has accepted the request and Vinod Kumar will proceed as managing director and managing director of the corporate till 1 of Might 2023.
Hathway Cable and Datacom: The web service supplier has posted a consolidated lack of Rs 14.62 crore for the quarter ended March FY23, hit by tepid top-line development and subpar working efficiency. Earnings in 4Q4FY22 had been Rs 28.35 crore. Income grew 2.4% year-on-year to 459.6 million rupees, whereas fourth-quarter EBITDA fell 31.9% to 63.1 million rupees, with a margin decline of 690 bp in comparison with the interval final yr. The board has authorised the appointment of Tavinderjit Singh Panesar as CEO of the corporate.
Builders Kolte-Patil: The board of administrators of the corporate has authorised the allotment of 20,650 non-convertible debentures to Marubeni Company, Japan for Rs.206.50 crore. The funds raised from this subject might be used for normal company functions of the corporate.
Network18 Media and Investments: The corporate has posted a consolidated web lack of Rs 36.8 crore for the quarter ended March FY23 with a revenue of Rs 61.9 crore. Consolidated income stood at Rs 1,483.7 crore for the quarter, in comparison with Rs 1,621.1 crore in the identical interval final yr. It has sturdy working efficiency throughout all segments, with tv viewers share growing for each information and leisure networks. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is managed by Impartial Media Belief, of which Reliance Industries is the only beneficiary).
Broadcast of TV18: The corporate has posted a consolidated revenue of Rs 35.2 crore within the March quarter of FY23 towards Rs 144 crore within the corresponding interval final yr. Consolidated income for the quarter stood at Rs 1,405.9 crore, in comparison with income of Rs 1,496.2 crore reported in the identical quarter final fiscal. The corporate has a robust working efficiency as TV viewership share elevated for each information and leisure networks. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is managed by Impartial Media Belief, of which Reliance Industries is the only beneficiary).
Fast therapeutic applied sciences: The software program firm has posted a consolidated lack of Rs 6.64 crore within the quarter ended March FY23, towards a revenue of Rs 28 crore in the identical interval final yr. Consolidated income fell 52.5% y-o-y to Rs 49.3 crore in 4Q23.
3 and Infotech: The IT firm has obtained a letter of acceptance from Indian Oil Company for the managed providers contract. That is a part of the renewal of the contract within the new monetary yr. The full contract worth is Rs 16.29 crore for a interval of three years.
JTL Industries: As a part of the inner reorganisation, the board has accepted the resignation of Sanjeev Vaid as the corporate’s CFO with impact from April 17 and has appointed Dhruv Singla, who’s at the moment a whole-time director, as monetary director. Firm official with fast impact.
Samvardhana Motherson Worldwide: The corporate mentioned the board has authorised to accumulate an extra 30% stake in Youngshin Motherson Auto Tech (YMAT) from Youngshin Elements Co Ltd, Korea. After the completion of the transaction, the corporate will personal 80% of the share capital of YMAT and, accordingly, YMAT will change into a subsidiary of the corporate.
Carbon from Goa: Calcined petroleum coke maker has resumed operations at its Bilaspur unit.
Dredging Company of India: The board of administrators of the corporate has authorised the appointment of TK Ramachandran because the chairman of the corporate for six months with impact from April 1. At present, TK is the chairman of VO Chidamabaranar Port Authority.
IIFL Finance: The board of administrators will meet on April 26 to review the difficulty of non-convertible bonds, in a number of tranches yearly by means of non-public placement. The corporate may also announce standalone and consolidated audited monetary outcomes for the quarter and yr ended March 2023 on the identical day.
Financial institution of Maharashtra: The general public sector lender has elevated the marginal value of funds based mostly lending fee by 10bps by means of the mandates, efficient from April 15.
Indo Rama Synthetics (India): The corporate’s operations are partially affected by the short-term stoppage of manufacturing as one of many Contracted Staff’ Unions has introduced a strike. The corporate is in steady discussions with the involved contract union to resolve the difficulty amicably as quickly as attainable.
Vipul Organics: The corporate’s board of administrators will meet on April 21 to contemplate elevating funds by means of preferential subject for enterprise enlargement and to fulfill working capital necessities.
Poonawalla Fincorp: Excessive web value particular person Sanjay Chamria has bought 83 thousand fairness shares or 1.08% stake within the non-banking finance firm by means of open market transactions at a mean value of Rs 290 per share, for an quantity of 240.7 million rupees.
360 ONE WAM: International investor FIH Mauritius Investments bought 49.96 lakh shares in 360 ONE WAM, previously IIFL Wealth Administration, by means of open market transactions, equal to 1.4% of the paid-up capital, at a mean value of 420.03 rupees per share. These shares are value Rs 210 crore.
