Daily Bulletin (31st May 2019)

There are no current notifications of our companies on this date.


1) Scrip code: 541450
Name: Adani Green Energy Limited
Subject: Issuance of US$500 Million Bonds By Wholly-Owned Subsidiaries

2) Scrip code : 506166
Name : Apis India Ltd
Subject : Corporate Action-Amalgamation/ Merger / Demerger
The Board of Directors of the Company at their meeting held on Thursday, May 30, 2019 approved a Comprehensive Scheme of Amalgamation of APIS Natural Products Private Limited (‘APIS Natural’) and Modern Herbals Private Limited (‘Modern Herbals’) with APIS India Limited (herein after referred to ‘APIS India’ or the ‘Company’), and their respective shareholders and creditors (hereinafter referred to as the ‘Scheme’), under Sections 230 to 232 read with Section 66 and other applicable provisions, if any, of the Companies Act, 2013, including any statutory modification(s) thereto or re-enactment(s) thereof, placed before them. This Scheme is subject to consent / approval of requisite majority of shareholders and creditors of APIS India, APIS Natural and Modern Herbals and sanction of the jurisdictional NCLT and all other regulatory approvals as may be necessary for the implementation of the Scheme.

3) Scrip code : 500870
Name : Castrol India Ltd
Subject : Intimation Pursuant To Regulation 30(6) And Schedule III Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30(6) and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby being intimated that Castrol India Limited has entered into a strategic collaboration with 3M India Limited. Under this collaboration, a range of market-leading vehicle care products will be available for the automotive after-market. This is for your information and dissemination to the shareholders of the Company.

4) Scrip code : 535789
Subject : Intimation Regarding Issuance And Allotment Of The US$ 350 Million 6.375 Per Cent Notes Due 2022 (‘Notes’) Under The Updated US$ 1,500 Million Secured Euro Medium Term Note Programme Of Indiabulls Housing Finance Limited (The ‘Company’) In Accordance With Applicable Provisions Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (‘SEBI LODR Regulations’).
Further to our intimation dated May 21, 2019, we wish to inform that the bond issue committee of the board of directors the Company at its meeting held today i.e. on May 28, 2019, has completed the issuance and allotment of the Notes for an aggregate nominal amount of US$ 350 million under the updated Secured Euro Medium Term Note Programme of the Company, through the relevant common depositary. We request you to take the above on record and the same be treated as compliance under applicable regulation(s) of the SEBI LODR Regulations.

5) Scrip code : 533519
Subject : Issue Of Up To 100,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares Of Rs 100 Face Value At Par And Aggregating Up To Rs. 100,00,00,000 On A Private Placement Basis – Information Memorandum.
Pursuant to the requirements of provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“Listing Regulations”), the Securities and Exchange Board of India (Issue and listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 and further to our letter dated May 29, 2019 sent earlier today, please find enclosed the information memorandum dated May 29, 2019, in connection with the Issue. We request you to upload the information memorandum on the website.

6) Scrip code : 513023
Name : Nava Bharat Ventures Ltd
Subject : Corporate Action-Updates on Buy back With reference to the captioned subject, Further to our filings with regard to Buy-Back of equity shares of the Company approved by the Board at its meeting held on May 29, 2019, please find enclosed Board Resolution pursuant to Regulation 5 (vii) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018.

7) Scrip code : 534076
Name : Orient Refractories Ltd.
Subject : Merger Update The Company would like to bring it to your kind attention that pursuant to the approval of the Scheme in the meetings of the shareholders and the creditors of each of RHI India, RHI Clasil and the Company, convened in accordance with the directions of the National Company Law Tribunal, Mumbai bench (NCLT), the Company has (along with RHI India and RHI Clasil) filed a joint company scheme petition with the NCLT on 27 May 2019.

8) Scrip code : 524667
Name : Savita Oil Technologies Limited
Subject : Record Date For Buyback Of Equity Shares We wish to intimate that the Company has fixed the record date for the purpose of buyback of equity shares of Savita Oil Technologies Limited, which is as under: Security Code Type of Security Record Date Purpose BSE: 524667 NSE: SOTL-EQ ISIN: INE035D01012 Equity Shares June 12, 2019 Buyback of equity shares

9) Scrip code : 530075
Name : Selan Exploration Technology Ltd
Subject : Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares Daily Buyback Reporting.

10) Scrip code : 512197
Name : Silver oak Commercial Ltd.,
Subject : Corporate Insolvency Resolution Process (CIRP)-Appointment of Interim Resolution Professional (IRP).
We hereby intimate you that CIRP has been initiated in respect of Silveroak Commercials Limited (‘the company) under the provisions of Insolvency and code 2016 (IBC) by an order of National Company Law Tribunal with effect from 2nd May 2019. As per section 17 of IBC 2016, the powers of the board of directors stands suspended, and such powers shall be vested with me, Rajendra kumar Khandelwal (IP Registration No. IBBI/IPA-001/IP-P01140/2018-2019/11867 appointed as IRP with respect to the company. It may further be noted that as per section 14 of IBC 2016 the said NCLT order has declared a moratorium prohibiting all of the following namely:- (a) the institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority; (b) transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (c) any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002; (d) the recovery of any property by an owner or lessor where such property is occupied by or in the possession of the corporate debtor. This is for your information and record. The company will keep the statutory authorities posted on further developments in this regard. Please acknowledge receipt of this document.

11) Scrip code : 532669
Name : Southern Online Bio Technologies Ltd.
Subject : Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors.
Outcome of 10th CoC Meeting of M/s. Southern Online Bio Technologies Limited scheduled on 30th May, 2019 With reference to the subject cited’above, I would like to inform you that the following matters are the outcome of the 10th Committee of” Creditors Meeting of M/s. Southern Online Bio Technologies Limited held on 30th May, 2019. 1. Discussed and analyzed each and every Resolutions plan which received based on the provisions of the IBC and also based on the Evaluation Matrix

12) Scrip code : 521064
Name : Trident Ltd
Subject : Issuance Of Commercial Paper For INR 500 Million

13) Scrip code : 512101
Name : Triochem Products Ltd
Subject : Corporate Action-Updates on Delisting
Outcome of the Board Meeting held on 28th May, 2019 to consider voluntary delisting of Equity Shares.

BSE Bulletin (30th May, 2019)

  1. Scrip code : 532454

Name : Bharti Airtel Ltd.

Subject : Completion Of Amalgamation Of Bharti Digital Networks Private Limited (Formerly Known As Tikona Digital Networks Private Limited) With Bharti Airtel Limited.

We wish to inform you that the amalgamation of Bharti Digital Networks Private Limited (formerly known as Tikona Digital Networks Private Limited) with Bharti Airtel Limited has been completed today upon the filing of Certified True Copy of the Order of the Hon’ble National Company Law Tribunal (‘NCLT’), New Delhi with the Registrar of Companies (RoC). Kindly take the above on record.

  1. Scrip code : 500084

Name : CESC Limited

Subject : Execution Of Distribution Franchise Agreement With Maharashtra State Electricity Distribution Company Limited Further to our intimation dated 3 January, 2019 to you

We write to intimate that we have today executed a Distribution Franchisee Agreement with Maharashtra State Electricity Distribution Company Limited governing power distribution rights for Malegaon Municipal Corporation Area under Malegaon Circle in the state of Maharashtra. Malegaon Power Supply Limited, a 100% CESC subsidiary, will undertake the distribution franchisee operations.

  1. Scrip code : 512068

Name : Deccan Gold Mines Ltd.

Subject : Update On Company Operations Update on Company Operations

(1) Acquisition of stake in Geomysore Services (India) Private Limited (2) Processing of Ganajur Mining Lease (ML) application of Deccan Exploration Services Private Limited (DESPL) at Commerce & Industries Department, Government of Karnataka (3) Fund raising and (4) Hutti Belt PL applications – Interim Application lodged with Hon”ble Supreme Court

  1. Scrip code : 512068

 Name : Deccan Gold Mines Ltd.

Subject : Update On Company Operations Update on Company Operations

  • Acquisition of stake in Geomysore Services (India) Private Limited (2) Processing of Ganajur Mining Lease (ML) application of Deccan Exploration Services Private Limited (DESPL) at Commerce & Industries Department, Government of Karnataka (3) Fund raising and (4) Hutti Belt PL applications – Interim Application lodged with Hon”ble Supreme Court
  1. Scrip code : 502330

Name : International Paper APPM Limited

Subject : Open Offer

ICICI Securities Ltd (“Manager to Open Offer”) has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4 read with Regulation 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Subsequent Amendment thereto (“SEBI (SAST) Regulations”) for the attention of Public Shareholders of International Paper APPM Ltd (Target Company).

  1. Scrip code : 500227

 Name : Jindal Poly Films Ltd.

Subject : 1 Re-Appointment Of Cost Auditors,
2 Investment Of Rs. 37 Crore In The Equity Share Capital Of Jindal Films India Ltd, A Wholly Owned Subsidiary Of The Company,
3 Re-Appointment Of Internal Auditors
4.Re-Appointment Secretarial Auditors
1 Re-appointment of Cost Auditors, 2 Investment of Rs. 37 crore in the equity share Capital of Jindal Films India Ltd, a Wholly owned Subsidiary of the Company, 3 Re-appointment of Internal Auditors, 4.Re-appointment Secretarial Auditors.

  1. Scrip code : 511218

Name : Shriram Transport Finance Co. Ltd.

Subject : Outcome Of Allotment Committee – Ncds Meeting On May 29, 2019 In furtherance to our letter dated April 30, 2019 regarding intimation of Banking and Finance Committee Meetings for raising Funds

We write to inform you that the Allotment Committee – NCDs of the Company in its meeting held today, approved and allotted Secured, Redeemable, Principal Protected – Market Linked, Non-Convertible debentures (NCD) of face value of Rs.10,00,000/- (Rupees Ten Lakh only) each on private placement basis. The details of the said allotment is mentioned in Annexure A. Kindly take the above information on record.

  1. Scrip code : 524711

Name : Vista Pharmaceuticals Ltd.

Subject : Update On Conversion Of Warrants Into Equity Shares

With reference to the subject cited, this is to inform the Exchange that 2,81,855 and 10,00,000 convertible warrants of Mr. Vasant V Alli (promoter) and LRSD Securities Private Limited (non-promoter) respectively, due for conversion into equity shares have not been converted in stipulated time and hence lapsed. This is for the information and records of the Exchange, please.



NTPC mega Rs 20,000 crore capex plan

NTPC share price jumps after mega Rs 20,000 crore capex plan; should you buy shares?

Shares of state-run electricity major NTPC jumped on Thursday afternoon, after the firm announced a mega capex of Rs 20,000 crore in the financial year.

Shares of state-run electricity major NTPC jumped on Thursday afternoon, after the firm announced a mega capex of Rs 20,000 crore in FY20. NTPC shares gained more than 4.5% to hit the day’s high at Rs 135.95. Notably, the government run power giant has announced that it is eyeing to produce 310 billion units of power and 10.4 million tonne of coal, and spend Rs 20,000 crore on capital expenditure in the current financial year. NTPC has signed a memorandum of understanding (MoU) with the power ministry on various targets to be achieved in 2019-20 on May 23, a company statement said. The firm would also ensure 10.4 million tonne of coal production to strengthen fuel supply to its power stations, compared to 6.8 million tonne in the previous fiscal year.

Also read: Rural sales hit due to income gap, govt must create jobs to solve consumer slowdown: Cargill India INTERVIEW

NTPC further said that it is committed towards enhancing operational efficiency and simultaneously aiming to increase its revenue by 12% by employing measures to strengthen financial performance for the next fiscal year. NTPC has power generation installed capacity of 55,125 MW. In the latest quarter, NTPC has reported a 49% rise in Q4 net profit to Rs 4,350.32 crore, compared to Rs 2,925.59 crore for the year-ago quarter, on the back of lower expenses.

NTPC’s total revenue for the fourth quarter of 2018-19 tumbled to  Rs 22,545.61 crore from Rs 23,617.83 crore in the comparable period last fiscal year. Expenses reduced to Rs 19,008.44 crore for the quarter compared with Rs 20,229.26 crore, in the last year period. NTPC’s board has recommended a final dividend of Rs ­­2.50 per equity share of the face value of Rs 10 each for 2018-19, subject to the approval of shareholders at the annual general meeting scheduled to be held in August 2019.

Taking stock of the reported results, Motilal Oswal said that operations are turning around as availability of coal improves. “Management expects no fuel-related under-recoveries from FY20 (v/s INR8b in FY19), which will likely boost PAT. Under-recoveries on GCV and O&M are well addressed in the tariff regulations 2020-24, which will also support earnings,” said the report.  Motilal Oswal expects capitalization to pick up pace, driving a regulated equity CAGR of 14% over FY19-21. Capitalization will outpace capex, boosting RoE and driving re-rating of the stock, said the research firm. Motilal Oswal has re-iterated ‘Buy’ on the shares with a DCF-based target price of Rs 158 per share

Tata Teleservices to raise equity & debt

Tata Teleservices (Maharashtra) to raise up to Rs 35,000 crore via equity and debt

While Tata Teleservices did not share details of utilisation of these funds, the company has been exploring various fundraising options to augment the resources of the company.

Tata Teleservices Maharashtra’s net debt at the end of March 31, 2018 stood at Rs 16,104 crore, up from Rs 15,620 crore at the end of March 31, 2017, according to Bloomberg data.

Tata Teleservices (Maharashtra) will be seeking shareholders’ approval to raise additional funds of up to Rs 35,000 crore through a mix of redeemable preference shares to the promoters and/or non-convertible debentures (NCDs). The company’s board of directors approved the proposal on Wednesday.

In a notice sent to stock exchanges, the company said that the board of directors of the company have approved the “raising of additional funds through redeemable preference shares to the promoter/s on preferential basis up to an aggregate amount of Rs 15,000 crore and/or non-convertible debentures in one or more tranches up to an aggregate amount of Rs 20,000 crore”.

While Tata Teleservices did not share details of utilisation of these funds, the company has been exploring various fundraising options to augment the resources of the company.

In August 2018 too, the company’s board had approved the proposal to raise an additional amount not exceeding Rs 20,000 crore through issue of non-cumulative redeemable preference shares and/or issue of NCDs and/or acceptance/availing of inter corporate deposits (ICDs)/loans, subject to the approval of the members of the company.

The company had said that the funds raised through one or more options will be utilised primarily for repayment/prepayment of existing debt/loans of the company, including deferred payment liability to Department of Telecommunications (DoT) for spectrum and/or for redemption of the existing redeemable preference shares issued earlier, after meeting the expenditure related to such issue and for general corporate purposes.

Tata Teleservices Maharashtra’s net debt at the end of March 31, 2018 stood at Rs 16,104 crore, up from Rs 15,620 crore at the end of March 31, 2017, according to Bloomberg data.

It is yet to come out with its annual report for the financial year 2018-2019.

TCS and SAS sign new deal to enhance ‘digital-first’ customer experience

New Strategic Partnership

TCS has signed a new strategic partnership with Scandinavia’s leading airline, SAS, the flag-carrier of Sweden, Norway and Denmark.

The long-term partnership, which started in 2012, included an always-on IT platform and a digital e-commerce platform. TCS also worked with SAS’ Innovation Lab to deliver quality customer service across innovative channels, such as Turi, a new artificial intelligence (AI) -powered personal travel agent chatbot.

SAS’ new partnership with TCS will help provide an improved experience for SAS’ customers. At the same time, the technology platforms TCS will develop with SAS, will help the business to grow and transform effectively. SAS will also use TCS’ automation software ignio to manage its IT operations and drive its data-driven decision-making.

Meeting long-term goals

“Becoming a truly ‘digital-first’ airline is a key part of our long-term strategy,” said Mattias Forsberg, CIO, SAS. “Cloud technology, automation and agile methodologies have a huge role to play in improving the service we provide our customers, and keeping our business performing at its best. TCS has become a vital partner for SAS in our digital transformation journey, and we look forward to working with the TCS team in the years to come,” he said.

“Our new strategic partnership with TCS will help us to realize the potential of technologies such as cloud, AI and automation, which are the key pillars on which our future growth will be based,” he said. “TCS’ cognitive automation software, ignio and Machine First™ Delivery Model will improve customer service, reduce response times for customer queries, and deliver new insights for business decision-making, while providing enhanced levels of stability and security.”

Innovative products

The partnership will also focus on developing new agile ways of working, which will allow SAS to bring innovative products and services to market faster. TCS will work closely with SAS to implement a new enterprise distributed agile model across the entire business and develop a new partnership model based on shared values, enabling the business to deliver industry-first products and services.

“Digital technology presents businesses with huge opportunities for organic growth and improved bottom lines, and this is especially important for the aviation industry, which has historically had to contend with fierce competition and slim margins,” said Avinash Limaye, Country Head, TCS Sweden. “Our Business 4.0™ approach is resonating with customers, in providing a blueprint for how technology can help them evolve more rapidly and capitalise on new market opportunities. We are pleased to extend our partnership with SAS as the business continues on its journey to becoming a world-leading, digital-first airline.”

NCLAT upholds NCLT order on Bharati Defence liquidation

Company classified as ‘going concern’

The National Company Law Appellate Tribunal (NCLAT) has upheld the decision of the NCLT to liquidate debt-laden Bharati Defence and Infrastructure.

The insolvency court in Mumbai had ordered liquidation of the company after rejecting the resolution plan submitted by Edelweiss Asset Reconstruction Co Ltd, leaving two dozen defence vessels stranded. A clutch of lenders stand to lose ₹11,373.40 crore which the firm owes them.

Going concern

The NCLAT, while upholding the National Company Law Tribunal’s (NCLT) decision, said the company should be classified as a “going concern”. In accounting parlance, a going concern means a company can continue to operate. There are more than 850 employees on the rolls of what was once India’s second biggest private shipyard with a much sought-after licence from the government to build warships.

Earlier, a resolution plan was backed by the Committee of Creditors (CoC) in which Edelweiss ARC had an 82.7 per cent voting share as a financial creditor after taking over debt of ₹6,248.84 crore from some 20 lenders by paying ₹1,813.90 crore.

NCLT apprehensive

NCLT had cast doubts over the genuineness of the plan. “The resolution applicant has not given a practical and viable plan to manage the affairs of the corporate debtor (Bharati). The plan contains a lot of uncertainties, a lot of speculation. The public shareholding in the company would be reduced to a mere 2 per cent from the current substantial level of approximately 60 per cent,” the NCLT had noted.

The NCLT order was challenged on the ground that liquidation order has been passed with “material irregularity” due to fraud committed by the ‘Resolution Professional’.

While NCLAT rejected the challenge, the Tribunal pointed out that considering the national importance attached to product line of the company, the customers, especially Ministry of Defence, Indian Coast Guard, Customs, the order book size, in addition to advances paid by various government departments, Bharati Defence and Infrastructure has been classified as a “going concern”.

Vijay Kumar V Iyer has been appointed as the liquidator and the tribunal has directed that work should be taken from existing employees and workmen.

Shares shaken, bonds surge as Trump stirs recession risk

US stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock move to slap tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.

The outlook darkened further when a key measure of Chinese manufacturing activity disappointed for May, questioning the effectiveness of Beijing’s stimulus steps.

Markets moved aggressively to price in deeper rate cuts by the Federal Reserve this year, while bond yields touched fresh lows and curves inverted in a warning of recession.

Washington will impose a 5% tariff from June 10, which would then rise steadily to 25% until illegal immigration across the southern border was stopped.

Trump announced the decision on Twitter late Thursday, catching markets completely by surprise and sparking a rush to safe harbours.

“The threat of US tariffs on Mexico to take effect inside two weeks is a sharp blow to investor sentiment,” said Sean Callow, a senior FX analyst at Westpac.

“Mexico is the US’s largest trading partner and a flare-up in trade tensions was definitely not on the market radar,” he added. “This is obviously a major setback for CAD, MXN and the thousands of US businesses that use Mexican-made products.”

Yields on the 10-year Treasury note quickly fell to a fresh 20-month low of 2.18%, while the dollar jumped 1.7% on the Mexican peso. E-Mini futures for the S&P 500 slipped 0.7% and FTSE futures 0.4%.

Asian shares slid at first but soon drew month-end bargain hunting having suffered a torrid few weeks. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3%, though it was still down 7.3% for the month.

China’s blue chip index added 0.7%, partly on talk Beijing would now have to ramp up its stimulus measures.

Japan’s Nikkei pared early losses to be off 0.6%, but was still down 6.5% for the month so far.

Investors clearly feared that opening a new front in the trade wars would threaten global and US growth, and pressure central banks everywhere to consider new stimulus.

On Thursday, Federal Reserve Board of Governors Vice Chair Richard Clarida had said the central bank would act if inflation stays too low or global and financial risks endanger the economic outlook.

“What the Clarida’s comments have done is clarify in many people’s minds the answer to the questions of whether low inflation proving more than transitory would itself be enough to get the Fed to ease the answer appears to be ‘yes’,” said Ray Attrill, head of FX strategy at National Australia Bank.

“That served to reinforce prevailing market expectations that the Fed will be easing in the second half of this year.”

Indeed, the case that the inflation slowdown was temporary took a blow when the core personal consumption expenditures index, the Fed’s favoured measure of inflation, was revised down to 1% for the first quarter, from 1.3%.

Trump’s tariff threat only added to the dangers and the market further narrowed the odds on Fed easing this year and next. Futures imply 44 basis points of cuts by year end in the current effective funds rate of 2.38%.


Bonds extended their bull run with 10-year Treasury yields now down a steep 32 basis points for the month and decisively below the overnight funds rate.

Such an inversion of the yield curve has presaged enough recessions in the past that investors are wagering the Fed will be forced to ease policy just as “insurance”.

Yet Treasuries are hardly alone in rallying, with bond yields across Europe either at or near record lows. Yields in Australia and New Zealand are also hit an all-time trough on expectations of rate cuts there.

Those declines have kept the US dollar relatively attractive from a yield point of view and it was trading near a two-year high against a basket of currencies at 98.119.The euro was huddled at $1.1133, having shed 0.7% for the month. The safe haven yen has been faring better and was holding a small monthly gain on the dollar at 109.33.

Sterling was poised for the biggest monthly drop in a year as the imminent departure of Theresa May as prime minister deepened fears about a chaotic divorce from the European Union.

The pound was last at $1.2611 and nursing a 3.2% loss for the month so far.

In commodity markets, spot gold edged up 0.2% to $1,291.64 per ounce.

Oil prices fell to their lowest in almost three months on fears a global economic slowdown would crimp demand.

US crude was last down 46 cents at $56.13 a barrel, while Brent crude futures lost 63 cents to $66.24.

Alkem Laboratories Limited

IPO Opens on Dec 8, 2015
IPO Closes on Dec 10, 2015
IPO Type 100% Book Built Issue
Equity Shares  Offered 12853442 Equity Shares
Face Value of Shares Rs 2 Per Equity Share
Price Band Rs 1020 – Rs 1050 Per Equity Share
Market Lot 14 Shares
Issue Size  Rs 1311.05 – 1349.61 Crs
Listing on BSE, NSE
Lead Managers Axis Capital Limited, Edelweiss Capital Limited ,  J.P. Morgan India Private Limited,  Nomura Financial Advisory And Securities (India) Pvt Ltd
Object of the issue To achieve the benefits of listing the Equity Shares on the Stock Exchanges
For the sale of 12,853,442 Equity Shares by the Selling Shareholders.

Recent Updates

CCI imposes Rs 74 cr fine on Alkem Labs

IPO momentum: Dr Lal PathLabs, Alkem big hits in the grey market


Alkem Labs is a pharmaceutical company which is involved in the development, manufacture and sale of pharmaceutical and neutraceutical products. It was incorporated in 1973 and is based in Maharashtra, India. The pharmaceutical major produces branded generics, generic drugs, active pharmaceutical ingredients and neutraceuticals, which they market in India and 55 other countries internationally, primarily the United States.

It has a diverse portfolio of over 736 brands in India. Company’s most significant therapeutic areas in domestic market are anti-infectives, gastro-intestinal, pain and analgesics, and vitamins, minerals and nutrients.

The Company has 16 manufacturing facilities out of which 14 manufacturing facilities are based in India while two in the United States. Out of 14 Indian units two are R&D facilities whereas both the facilities in the US are R&D. The firm employs a total of 483 scientists in the R&D field. Five of its facilities are USFDA, TGA and UK-MHRA approved. Of the Indian manufacturing facilities, 12 are for manufacturing formulations and two for manufacturing APIs.

As of FY 15, Alkem Labs stands as fifth largest pharmaceutical company in India in terms of domestic sales. In the United States, company has filed 66 abbreviated new drug applications.

It has invested Rs 150-200 Crs for expansion in US facility and in the domestic market. About 75% of its revenue comes from domestic market and remaining 25% from international business with a about 3.6% market share. It currently has a cash of Rs 1500 Crs in its books


Mr. Samprada Singh
Mr. Basudeo N. Singh

Consolidated Financial Trend ~ Amt in Rs Crs

Particulars 2015 2014 2013 2012 2011
Total Sales 3964 3291 2662 2161 1804
PAT 461 435 384 406 396
EPS (Rs) 39 36 32 34 33
Equity Cap 23.9 11.96 11.96 11.96 11.96
Net Worth 2999 2721 2308 1869 1465
BV (Rs) 251 228 193 156 123
Long Term Debt 33 232 256 309 246


3i Infotech Ltd Ltd

IT Consulting & Software

FV – Rs 10; 52wks H/L –10.31/2.18 ; TTQ – 12.47 Lacs ; CMP – Rs 4.13 (As On October 8th 2015; 13:40) ;  Market Cap – Rs 252 Crs

Consolidated Financials and Valuations for FY15 (Amt in Rs Crs unless specified)

Equity Capital Net worth Long Term Debt Total
EPS (Rs) P/E Industry P/E P/BV Promoter’s
668.75 (384.3) 1860 1348 (976) (5.7) (14.5) 24.62 (0.7) 6.37 1.7

Standalone Financials and Valuations for Q1 FY16

Equity Capital Net worth Total
TTM EPS (Rs) TTM P/E Industry P/E P/BV Promoter’s
668.75 (458) 275 (74) (6.8) (10.85) 24.62 (0.6) 6.37 1.7

 Consolidated Financial Trends (In Rs. Crs) :

Particulars FY15 FY14 FY13 FY12 FY11
Equity Paid Up 668.75 637.64 636.55 291.99 291.99
Networth -384 595 915 818 1290
Total Debt 2025 2345 2084 1989 1999
Net Sales 1348 1438 1364 1731 2587
Other Income 4 130 52 50 17
PAT -976.3 -357 -505 -360 252.5
Book Value (Rs) -6 9 14 28 44
EPS (Rs) -14.6 -5.6 -7.9 -12.3 8.6


Allcargo Logistics Ltd


FV – Rs 2; 52wks H/L –396/256.15; TTQ – 24 K; CMP – Rs 380(As On November 24th 2015; 15:30) ; Market Cap – Rs 4806 Crs

Consolidated Financials and Valuations for FY15 (Amt in Rs Crs unless specified)

Equity Capital

Net worth
Long Term Debt

EPS (Rs)


Industry P/E


25.24 1908 358 5681 240 151 19.02 19.2 39.76 2.5 69.92 0.86

Consolidated Financials and Valuations for Q1 FY16

Equity Capital

Net worth




Industry P/E


25.24 2084 1468 72 165 21.9 17.4 39.76 2.3  





On 6th November, 2015 the company declared a bonus issue of 1:1 on a FV of Rs.2 per share.


Allcargo Logistics Limited (Allcargo) is engaged in providing integrated logistics solutions. Allcargo offers logistics services across multimodal transport operations, inland container depot, container freight station operations, third party logistics operations and project and engineering solutions. The Company has three segments: Multimodal Transport Operations, which involves non vessel owning common carrier operations related to less than container load consolidation and full container load forwarding activities; Container Freight Stations Operations / Inland Container Depot, which is involved in import / export cargo stuffing, de-stuffing, customs clearance and other related ancillary services, and Project & Engineering Solutions, which provides integrated end-to-end project, engineering and logistic services through a fleet of owned / rented special equipment to carry over dimensional cargo (ODC) and overweight cargo (OWC) cargos, as well as project engineering solutions.


  • Shashi Kiran Shetty – CMD
  • Jatin Choksi – CFO


The Equity Capital is @ Rs 25.24  Crs consisting of 126047762 equity Shares of FV Rs 2 currently held as under

None Of the Promoter’s Holding is Pledged.

Major Non-Promoter Holdings

Sr.No Non – Promoters No. of Shares held % of shares held
5 ACACIA PARTNERS, LP 2881887 2.29
Total 29165553 23.14

 Consolidated Financial Trends (In Rs. Crs) 

Particulars FY15 FY14 FY13 FY12 FY11
Equity Paid Up 25.24 25.24 25.24 26.11 26.11
Networth 1908 1793 1586 1490 1181
Total Debt 475 613 458 767 377
Net Sales 5681 4895 3992 4325 2890
Other Income 52 36 65 53 26
PAT 240 149 169 284 165
Book Value (Rs) 151 142 126 114 90
EPS (Rs) 19.02 11.81 13.39 21.75 12.64