Daily Bulletin (24th February, 2022)

Daily Bulletin (24th February, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220224-61

 

Scrip code : 511605

Name : Arihant Capital Markets Ltd.

Subject : Board Meeting Intimation for Notice Of The Board Meeting

ARIHANT CAPITAL MARKETS LTD. has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/03/2022 ,inter alia, to consider and approve 1. To consider and approve Interim Dividend, if any for the Financial Year 2021-22. 2. To consider and approve the proposal to sub-divide/split the face value of equity shares of the Company from face value Rs. 5/- per share to face value Rs. 1/- per share or in such manner as may be determined by the Board of Directors of the Company and consequential alteration in Clause V (Capital Clause) of the Memorandum of Association of the Company, subject to the approval of Shareholders of the Company and such other approvals as may be required. 3. To consider any other matter with the permission of the Chairman, if any.

 

Scrip code : 506074

Name : Arshiya Limited

Subject : Intimation Of Record Date Under The Scheme Of Arrangement Between Arshiya Limited (‘Demerged Company’ / ‘Arshiya’) And Arshiya Rail Infrastructure Limited (‘Resulting Company’/ ‘ARIL’). In compliance with the Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held today i.e on 21st February, 2022 has fixed Friday, 04th March, 2022 (close of the business hours) as the Record Date for the purpose of determining the shareholders of Arshiya Limited to whom the fully paid-up equity shares of ARIL is proposed to be issue and allot for every 2 (two) fully paid up equity shares of the Demerged Company, 1 (one) fully paid up equity share of Rs. 2 each of the Resulting Company.

 

Scrip code : 533271

Name : Ashoka Buildcon Limited

Subject : Receipt Of LOA From N F RLY CONSTRUCTION

In continuation to the announcement dated February 11, 2022, this is to update that Ashoka Buildcon Limited (‘the Company’) has received Letter of Acceptance for the Project viz. ‘Electrification of Railway Lines of the sections Rangiya (Excl.)- Murkongselek including branch lines of Rangapara North (Excl.)-Dekargaon, Balipara(Excl.)- Bhalukpong, Harmuty (Excl.)-Naharlagun, Sripani – Dhamalgaon(Excl) , Furkating Jn.(Excl.) to Mariani Jn.(Excl.) and Tinsukia to Dangri Section including branch line of Makum Jn to Tirap, Northeast Frontier Railway RKM / TKM – 733.35 /947.59 on EPC mode’; Tender No: EL-CON-NFR-EPC-14-RE-RT2.’ in the State of Assam (‘Project’). The accepted offer of the Project is Rs.692.50 Crore. The Contract period is 900 days. This announcement is made pursuant to the Regulation 30 of SEBI (LODR) 2015. This is for your kind information.

Scrip code : 500493

Name : Bharat Forge Ltd

Subject : Announcement under Regulation 30 (LODR)-Acquisition

Potential acquisition of JS Auto Cast Foundry India Private Limited, Coimbatore based casting and machining Company through wholly owned subsidiary of the Company.

 

Scrip code : 890157

Name : Bharti Airtel Ltd.

Subject : Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a press release titled ‘Airtel acquires strategic stake in blockchain technology startup Aqilliz’ dt. February 24, 2022 being issued by the Company. The details, as required to be disclosed under the aforesaid Regulation 30 read with SEBI Circular dated September 09, 2015, are enclosed as ‘Annexure A’.

 

Scrip code : 541778

Name : Deep Polymers Limited

Subject : Intimation Of Record Date For Issue Of Bonus Shares

Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company has fixed Wednesday, March 09, 2022 as the ‘Record Date’ to determine the eligible shareholders entitled to receive the Bonus Shares in the Ratio of 3:4 i.e. 3 (Three) Bonus Equity Share of Rs. 10/- each for every 4 (four) fully paid up Equity Share of Rs. 10/- each.

 

Scrip code : 513446

Name : JSW ISPAT SPECIAL PRODUCTS LIMITED

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

In furtherance to our intimation dated February 16, 2022 with respect to acquisition of 100% equity share capital of Mivaan Steels Limited (“MSL”), we would like to inform that the Company has completed acquisition of 100% equity share capital of MSL on February 24, 2022, consequent to which MSL has become a wholly-owned subsidiary of the Company. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 were already provided in the intimation submitted by the Company on February 16, 2022 in this respect. You are requested to take the above information on record.

 

Scrip code : 532163

Name : Saregama India Ltd.

Subject : Corporate Action-Outcome of Sub division / Stock Split

The Board of Directors of the Company, at its Meeting held today, i.e. 24th February 2022, has inter alia, considered and unanimously approved the following: – 1. The adoption of new Articles of Association of the Company to make them consistent and aligned with the provisions of the Companies Act, 2013, as amended and the Rules framed thereunder and the provisions of Secretarial Standard on Board and General Meetings; and 2. Sub-division (split) of 1 (one) Equity Share of the Company having a face value of Rs. 10/- each (fully paid-up) to be sub-divided into 10 (Ten) Equity Shares of face value of Re. 1/- each (fully paid-up); and consequently, alteration of Capital Clause of the Memorandum of Association of the Company resulting from the said sub-division;

 

Scrip code : 538565

Name : Vistar Amar Limited

Subject : Announcement under Regulation 30 (LODR)-Raising of Funds In terms of the provisions of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please be informed that the Company is in process of expanding the production capacity of Fish Meal Unit at Veraval and for that the Company has requirement of working capital of Rs.2,75,00,000/- which UCO Bank, Porbandar Branch has agreed to sanction it. Kindly arrange to take above information on your records and oblige.

Daily Bulletin (23rd February, 2022)

Daily Bulletin (23rd February, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220223-43

 

Scrip code : 512599

Name : Adani Enterprises Ltd.

Subject : Intimation For Divestment Of The Company’S Entire Stake In DC Development Hyderabad Private Limited And Noida Data Center Limited, Wholly-Owned Subsidiaries

Intimation for divestment of the Company’s entire stake in DC Development Hyderabad Private Limited and Noida Data Center Limited, wholly-owned subsidiaries.

 

Scrip code : 517421

Name : Butterfly Gandhimathi Appliances Limited

Subject : Open Offer

Kotak Mahindra Capital Company Ltd (“Manager to the Offer”) has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4 read with Regulations 13, 14 and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended for the attention of the Public Shareholders of Butterfly Gandhimathi Appliances Ltd (“Target Company”).

 

Scrip code : 959525

Name : Dilip Buildcon Limited

Subject : Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Revision in the corporate announcement related to the Company declared as L-1 bidder for a new HAM project under Raipur-Visakhapatnam in the state of Chhattisgarh. With reference to our announcement dated February 22, 2022, related to declaration of the Company as L-1 bidder for the tenders floated by the National Highways Authority of India on Hybrid Annuity basis in the state of Chhattisgarh. Due to typographical error, we have erroneously mentioned under the column of bid project cost Rs. 1141.00 Crores instead of Rs. 1255.00 Crores. Hence, we kindly request you to read the Bid project cost as Rs. 1255.00 Crores for a new HAM Project ‘Development of Six Lane Sargi – Basanwahi Section of NH-130-CD Road from km 42+800 to km 99+500 under Raipur-Visakhapatnam Economics Corridor in the state of Chhattisgarh on Hybrid Annuity Mode (Package – CG-2 (Length 56.700 km)’.

 

Scrip code : 543272

Name : Easy Trip Planners Limited

Subject : Revised Intimation Of Record Date Of Bonus Shares

We are submitting the revised intimation of record date of bonus shares, due to some clerical error in the previous intimation submitted. This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has fixed Wednesday, March 02, 2022 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issue of Bonus Equity Shares of the Company in the proportion of (One) Equity Share of Rs 2/- each for every (One) Equity Share of Rs 2/- each, through the approval of shareholders which has been obtained through postal ballot on Wednesday, February 16, 2022.

 

Scrip code : 505744

Name : Federal-Mogul Goetze (India) Ltd

Subject : Announcement under Regulation 30 (LODR)-Acquisition

We wish to inform you that we have been informed by Tenneco Inc. (the ultimate holding company of Federal-Mogul Goetze (India) Limited) that Tenneco Inc. has, on February [23], 2022, entered into an Agreement and Plan of Merger (the “Merger Agreement”) whereby Tenneco Inc. is being merged with Pegasus Merger Co., a corporation established under the laws of Delaware (“Merger Sub”) and a direct wholly owned subsidiary of Pegasus Holdings III, LLC (the “Parent”). Effective upon the closing of the transactions described in the Merger Agreement, Merger Sub will merge with and into Tenneco Inc., with Tenneco Inc. continuing as the surviving corporation and a direct wholly owned subsidiary of the Parent. We enclose herewith the letter signed by Matti Masanovich, the Chief Financial Officer of Tenneco Inc. addressed to Federal-Mogul Goetze (India) Limited giving the above information. Kindly take the above on record.

 

Scrip code : 502865

Name : Forbes & Company Ltd

Subject : Announcement under Regulation 30 (LODR)-Updates on Joint Venture

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors of the Company at their meeting held on February 23, 2022 have approved the termination of the Joint Venture Agreement dated 1st December 2014 with mutual consent with Sterling Investment Corporation Private Limited, G. S. Enterprises in relation to Shapoorji Pallonji Forbes Shipping Limited (‘SPFSL’) with effect from close of business hours on February 28, 2022. Consequently, w.e.f. March 1, 2022, SPFSL shall cease to be a subsidiary of the Company. The Company would continue to hold 25% equity and preference share capital in SPFSL.

 

Scrip code : 532777

Name : Info Edge(India) Ltd.

Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 in connection with the Scheme of Amalgamation of High Orbit Careers Private Limited (‘Transferor Company’), with Info Edge (India) Limited (the ‘Company’ or ‘Transferee Company’).

 

Scrip code : 531465

Name : Nouveau Global Ventures Limited

Subject : Documents For Sub-Division (Stock Split) Of Equity Shares Of The Company

Dear Sir/ Ma”am, This is to inform that the documents for sub-division (stock split) of equity shares of the Company has been submitted with the Stock Exchange, i.e., BSE on 21st February, 2022 against the stock split application no. 147268, as received from BSE. We are submitting the said documents again along with the payment details. Request you to kindly take the same on record.

 

Scrip code : 543234

Name : Secmark Consultancy Limited

Subject : Announcement under Regulation 30 (LODR)-Acquisition

We hereby intimate that the Company has entered into Share Subscription Agreement and Shareholders’ Agreement with Trakiot Solutions Private Limited and its Promoters in connection with subscription of 2,500 equity shares of face value Rs. 10 each of Trakiot Solutions Private Limited. We request you to take note of the same.

 

Scrip code : 514162

Name : Welspun India Ltd

Subject : Announcement under Regulation 30 (LODR)-Raising of Funds

Kindly note that the Board of Directors at its meeting held today, February 23, 2022, have approved raising of funds, by way of private placement, up to Rs. 500 Crore, inter alia, by issuing non-convertible debentures (NCDs) or Commercial Papers, subject to approval of the shareholders under Sections 42 and 71 of the Companies Act, 2013. Request you to please take the same on records.

Daily Bulletin (22nd February, 2022)

Daily Bulletin (22nd February, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220222-64

Scrip code : 512008

Name : Amani Trading & Exports Ltd.,

Subject : Open Offer

Capital Square Advisors Private Limited (“Manager to the Offer”) has submitted to BSE a copy of Public Announcement under the provisions of Regulations 3(1) and 4 read with Regulations 13(1), 14 ans 15 (1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Subsequent amendment thereto for the attention of the Public Shareholders Amani Trading & Exports Ltd (“Target Company”).

 

Scrip code : 532929

Name : Brigade Enterprises Limited

Subject : Announcement Under Regulation 30 – Updates – Incorporation Of A Wholly Owned Subsidiary This is to inform that the Company has incorporated ‘Brigade Real Estate Developers Private Limited” as its Wholly Owned Subsidiary.

 

Scrip code : 540597

Name : Containerway International Limited

Subject : Sub-Division Of Equity Shares

In terms of Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015, the Company, Containerway International Limited, has fixed Saturday, March 05, 2022 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for Sub-division of One (1) Equity Share of face value of Rs. 10/- each fully paid up into Two (2) equity shares of face value of Rs. 5/- each fully paid-up.

 

Scrip code : 543225

Name : Data Infrastructure Trust

Subject : Thursday, March 3, 2022 Has Been Fixed As The Record Date For The Purpose Of The Payment Of This Distribution To The Unitholders

Please note that the Data lnvIT Committee of Brookfield India Infrastructure Manager Private Limited, acting in its capacity as Investment Manager of Data Infrastructure Trust (formerly known as Tower Infrastructure Trust) (“Trust”), in its meeting held today i.e. Tuesday, February 22, 2022 has declared a total distribution of Rs. 0.7765 per Unit, as Return on Capital. Please note that Thursday, March 3, 2022 has been fixed as the Record Date for the purpose of the payment of this distribution to the Unitholders which will be paid on or before Tuesday, March 8, 2022.

 

Scrip code : 540047

Name : Dilip Buildcon Limited

Subject : Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Dilip Buildcon Limited has been declared as L-1 bidder for a new HAM project under Raipur-Visakhapatnam in the state of Chhattisgarh, Order worth Rs. 1141.00 Crores. In accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the Company has been declared as L-1 bidder for the tenders floated by the National Highways Authority of India on Hybrid Annuity basis in the state of Chhattisgarh. The trading window for dealing in the securities of the Company for all insiders, designated persons and their immediate relatives, connected persons, fiduciaries and intermediaries shall remain closed till 48 hours after the said information of the Company are made public.

 

Scrip code : 542323

Name : K.P.I. Global Infrastructure Limited

Subject : Intimation Of Receiving A New Repeat Order Of 7.50 Mwdc Solar Power Plant Under Captive Power Producer (”CPP”) Segment

KPI Global Infrastructure Limited has informed BSE that it has received a new repeat order for executing solar power project of 7.50 MWdc capacity from M/s. Anupam Rasayan India Limited (‘ARIL’), Surat under ”Captive Power Producer (CPP)” segment of the Company. Furthermore, KPI Global has already successfully executed and commissioned 12.50 MWdc for ARIL in September 2021. Disclosure is attached herewith.

 

Scrip code : 535647

Name : SDC TECHMEDIA LIMITED

Subject : Notice of Offer for Sale of Shares by Promoters & Floor Price

Mr. Jose Charles Martin and Mr. Usamn Faheed Fayaz, a part of the promoter group of SDC Techmedia Ltd (the “Company”), being the selling promoter member proposes to sell 10,80,000 equity shares of face value of Rs. 10/- each representing 16.63% of the share capital of the Company on Day of OFS through a sale on the separate window provided by BSE Limited. Date and time of the opening and closing of the Sale: For Non-Retail Investors: February 23, 2022 (“T”) The Sale shall take place on a separate window of the Stock Exchanges on T day, commencing at 9:15 a.m. and shall close at 3:30 p.m. on the same date. On the T+1 day, Non-Retail Investors may indicate their willingness to carry forward their bids to T+1 day (defined below). Please note that only Non-Retail Investors shall be allowed to place their bids on T day, i.e. [February 23, 2022]. For Retail Investors (defined below) and for Non-Retail Investors who choose to carry forward their bids: February 24, 2022 (“T+1”) The Sale shall continue to take place on a separate window of the Stock Exchanges on T+1 day, commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. Please note that only Retail Investors shall be allowed to place their bids only on the T+1 day. Further, those Non-Retail investors who have placed their bids on T day and have chosen to carry forward their bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the SEBI OFS Circulars. (T day and T+1 day, collectively referred to as, “Sale Dates”). Floor Price: The Floor Price for the Sale shall be Rs. 5/- (Rupees Five Only) per share

 

Scrip code : 541167

Name : YASHO INDUSTRIES LIMITED

Subject : Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 – Intimation Of Acquisition Of Land.

We wish to inform you that the Company has acquired Land aggregating to about 42.14 acres, at Pakhajan Village, Bharuch, Gujarat for future expansion of the manufacturing plant. This is for your information and records.

Daily Bulletin (21st February, 2022)

Daily Bulletin (21st February, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220221-75

 

Scrip code : 540615

Name : 7NR Retail Limited

Subject : Board approves Split / Sub-division of Equity Shares (EGM on March 21, 2022)

7NR Retail Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 21, 2022.

 

Scrip code : 532921

Name : Adani Ports and Special Economic Zone Ltd

Subject : Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares pursuant to Composite Scheme of Arrangement.

 

Scrip code : 542752

Name : Affle (India) Limited

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

Further to our letter dated February 5, 2022, we are pleased to inform that the Company has received intimation from the wholly owned subsidiary Company, Affle International Pte. Ltd that all closing conditions with regard to acquisition of 28.33% shares of Appnext Pte. Ltd. have been completed.

 

Scrip code : 511413

Name : CREST VENTURES LIMITED

Subject : Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

Pursuant to Regulation 30 of the SEBI Listing Regulations we hereby inform that the Company along with its Wholly Owned Subsidiary, i.e., Escort Developers Private Limited (‘Escort’) has proposed to dispose off its entire equity shareholding being 38,49,058 (Thirty Eight Lakhs Forty Nine Thousand Fifty Eight) Equity Shares aggregating to 50% (fifty per cent) of the Equity Share Capital in its associate company, Classic Mall Development Company Limited, subject to the approval of shareholders as per the provisions of Section 180 of the Companies Act, 2013 for a consideration of INR 918 Crores (Indian Rupees Nine Hundred and Eighteen Crores) approximately to The Phoenix Mills Limited (either by themselves and/or through their affiliates) (‘Purchaser’).

 

Scrip code : 959877

Name : CSL Finance Limited

Subject : Announcement under Regulation 30 (LODR)-Allotment

We hereby inform you that the Company has today approved allotment of the following securities; (a) 18,25,000 equity shares at a price of Rs. 160/- per equity shares (which includes premium of Rs. 150/- per share) to the following investors belonging to Non- Promoter category aggregating to Rs.29,20,00,000/-; (b) 3,50,000 warrants convertible (‘warrants’) into equity shares at a price of Rs. 160/- per warrants (which includes premium of Rs. 150/- per warrants) to the investors belonging to Promoter and Non-Promoter, aggregating to Rs. 5,60,00,00,00/-

 

Scrip code : 543372

Name : Getalong Enterprise Limited

Subject : Board Meeting Intimation for Approval For Sale Of Subsidiary Company I.E. M/S. Pickomo Services Private Limited By Sale Of 9,900 Equity Shares Held By Getalong Enterprise Limited And Acceptance Of Resignation Letter Received From Mr, Neeraj Chothani.
Getalong Enterprise Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/02/2022 ,inter alia, to consider and approve The meeting of the Board of Directors of Getalong Enterprise Limited (‘the Company’) will be held on Monday, 28th February, 2022 at 11.00 a.m. at Registered Office of the Company at Office No. 402, B Wing, Shamji Damji Corporate Square, Laxmi Nagar, Ghatkopar East, Mumbai – 400075 to transact the following Business(es) – 1. Approval for sale of subsidiary company i.e. M/s. Pickomo Services Private Limited by sale of 9,900 equity shares held by Getalong Enterprise Limited thereby ceasing to make it a subsidiary of Getalong Enterprise Limited under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Lisitng Regulations’) 2. Acceptance of Resignation Letter Received from Mr, Neeraj Chothani as on date 17th February, 2022 with the approval of Board Members. 3. Any other Business matter, with the permission of the Chair.

 

Scrip code : 533098

Name : NHPC Limited

Subject : Restoration Of Sewa II Power Station (3 X 40 MW) Of NHPC Limited

In continuation to our earlier letter dated 06.10.2020 and in compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform Sewa-II Power Station (3 x 40 MW), Mashka (UT of J&K) which was under complete shutdown w.e.f. 25.09.2020 due to damage of Head Race Tunnel (HRT), has successfully restarted power generation from today i.e. 21.02.2022 with the synchronization of all three units with the grid.

 

Scrip code : 503100

Name : The Phoenix Mills Ltd.,

Subject : Announcement under Regulation 30 (LODR)-Acquisition

We wish to inform that the Company has executed a non-binding term sheet to acquire, directly and/or indirectly through its affiliates, the balance 50% equity shareholding of Crest Ventures Limited and Escort Developers Private Limited held in CMDCL. The proposed acquisition by the Company will be effected on such terms and conditions as may be contained in the Share Purchase Agreement to be executed by the parties to the transaction. Subsequent to the completion of aforesaid acquisition, the shareholding of the Company in CMDCL directly or indirectly will increase from 50% to 100% and it will become a subsidiary of the Company.

 

Scrip code : 503663

Name : Tilak Ventures Limited

Subject : Updates on Rights Issue

Capital Square Advisors Pvt. Ltd. (“Lead Manager to the Issue”) has informed BSE about the activity schedule for the Rights Issue of 9,63,60,000 Equity Shares at a price of Rs. 1.00/- per Equity Share (‘Issue Price’) (‘Right Shares’) for an amount up to Rs. 48,18,00,000.00/- on a Right Issue basis to the Eligible Shareholders of Tilak Ventures Ltd (‘Company’ or ‘Issuer’). In this regard and in accordance with the requirements of the SEBI (ICDR) Regulations, 2018, attaching herewith the copies of 1. Letter of Offer 2. Abridged Letter of Offer 3. Application Form 4. Rights Entitlements Letter.

Daily Bulletin (18th February, 2022)

Daily Bulletin (18th February, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220218-36

 

Scrip code : 542012

Name : A-1 Acid Limited

Subject : Intimation Regarding Growth In Revenue From Operations (Turnover)
Intimation regarding growth in revenue from operations (Turnover).

 

Scrip code : 511463

Name : Alexander Stamps And Coin Limited

Subject : Announcement under Regulation 30 (LODR)-Meeting Updates

Sub: Corporate Announcement related to Company’s business developments and products’ listing on NFT (Non-fungible tokens) Exchange.

 

Scrip code : 511724

Name : Baid Leasing And Finance Co.Ltd.

Subject : Corporate Action-Outcome of Sub division / Stock Split

Alteration in the capital of the Company by sub-division/split of existing equity share of the Company from one equity share having face value of Rs. 10/- (Rupees Ten Only) each, fully paid-up into 5 (Five) equity shares having face value of Rs. 2/- (Rupees Two Only) each fully paid-up and consequent Alteration of the Capital Clause (Clause V) of the Memorandum of Association of the Company (‘MOA’) on account of sub-division/split of equity shares subject to approval of shareholders of the Company.

 

Scrip code : 532368

Name : BRIGHTCOM GROUP LIMITED

Subject : Record Date For Bonus Issue

Kindly note that the Company has decided to set Wednesday, March 16, 2022, as the Record Date to ascertain the eligibility of shareholders entitled to the issuance of Bonus Shares. The proposed equity bonus will be issued in the ratio of 2:3 (two equity shares for every three equity shares held by the Members), as recommended by the Company”s Board of Directors in its meeting held on January 25, 2022, subject to members” approval. This notice complies with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution for Bonus Issue has been sent to all the Members for their approval through the Postal Ballot Notice dated January 25, 2022.

 

Scrip code : 543272

Name : Easy Trip Planners Limited

Subject : Intimation Of Record Date For Issue Of Bonus Equity Shares

This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, February 25, 2022 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issue of Bonus Equity Shares of the Company in the proportion of (One) Equity Share of Rs 2/- each for every (One) Equity Share of Rs 2/- each, through the approval of shareholders which has been obtained through postal ballot on Wednesday, February 16, 2022.

 

Scrip code : 500495

Name : Escorts Limited,

Subject : Announcement under Regulation 30 (LODR)-Allotment

Board of Directors in their today’s meeting inter alia, approved the following :- 1Allotment of 93,63,726 Equity Shares, of face value of Rs 10/- each, at Rs. 2,000 aggregating to Rs 1872,74,52,000, on preferential basis to Kubota Corporation (Acquirer) upon receipt of requisite approvals, Share Application Money from the Acquirer. Upon such acquisition the Acquirer holds 16.39% (prior to below reduction) shareholding in the Company. 2 Scheme of Capital Reduction The Draft Scheme of Capital Reduction of 2,14,42,343 equity shares of the Company held by Escorts Benefit and Welfare Trust subject to the approval of shareholders, NCLT and all applicable statutory authority. 3. Taking note of the execution of Executive Services Agreement between Mr. Nikhil Nanda (as a non-employee) and Kubota Corporation Detailed disclosure is enclosed as Annexure A.

 

Scrip code : 542851

Name : Gensol Engineering Limited

Subject : Gensol Clinches Deals Worth Over 70 Crores For Building Solar Power Projects Of Around 24 Mwp Cumulative Capacity In The States Of Madhya Pradesh And Punjab

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we would like to inform you that the Company has, in the last 7 days, in normal course of business, received purchase orders from reputed clients for the development of solar power projects aggregating to a capacity of around 24 MWp in the states of Punjab and Madhya Pradesh. The cumulative order value of these projects is pegged at over Rs. 70,00,00,000.00 (Indian Rupees Seventy Crores Only) exclusive of taxes. Out of the total ordered capacity, 17 MWp will be installed over metal-based roofs of the factories of the clients, while around 7 MWp will be raised over ground within the premises of the clients. We request you to take the above information on your records and disseminate the same on your respective websites.

 

Scrip code : 532154

Name : JOHNSON PHARMACARE LIMITED

Subject : Corporate Action-Board recommends Bonus Issue

This is to inform that the Board of Directors at its meeting held on Friday, 18th February 2022, have approved and recommended the issuance of fully paid up Bonus Shares in the ratio of 1:10 (i.e. 1 (One) fully paid up equity share for every 10 (Ten) fully paid up equity share held, subject to the shareholders” approval through Postal Ballot. Please take the above intimation in your records. Thanking You.

Daily Bulletin (16th February, 2022)

Daily Bulletin (16th February, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220216-40

Scrip code : 526241

Name : Amrapali Industries Ltd

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

In continuation of our intimation dated February 08, 2022 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we would like to inform that the proposed wholly owned subsidiary of the company namely Amrapali Industries Global IFSC Limited (WOS) has been incorporated by subscription of 1,50,000 ( One lac and fifty thousand ) shares of Rs. 10/- each in the paid-up share capital of the Company. The wholly owned subsidiary will leverage the growth opportunities in the evolving mobility space by functioning as Bullion Trading Member, Bullion Trading Clearing member, capital market intermediary and Portfolio management consultant as International Financial Service Centre Unit. The details required under regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed as Annexure A. Kindly take the same on your record and oblige us.

 

Scrip code : 543248

Name : Burger King India Limited

Subject : Announcement under Regulation 30 (LODR)-Qualified Institutional Placement

Please note that the Fund Raising Committee (the ‘Committee’), at its meeting held on February 15, 2022 has, inter alia, passed the following resolutions: (a) Approving and adopting the placement document dated February 15, 2022 in connection with the Issue; and (b) Noting of Corporate Presentation on updated unaudited proforma condensed combined financial information comprising of Balance sheet as of March 31, 2021 and statement of profit and loss for the year ended March 31, 2021 of the Company and PT Sari Burger Indonesia, which is enclosed herewith.

 

Scrip code : 543248

Name : Burger King India Limited

Subject : Announcement under Regulation 30 (LODR)-Allotment

Dear Sir/ Madam, Please note that the Fund Raising Committee of the Board of directors of the Company (‘Committee’) vide its resolution passed today i.e. on Wednesday, February 16, 2022 approved the allotment of 10,84,80,018 (Ten Crore Eighty-Four Lakhs Eighty Thousand and Eighteen only) Equity Shares of face value Rs. 10 each to eligible qualified institutional buyers at an issue price of Rs. 129.25 per Equity Share (including a premium of Rs. 119.25 per Equity Share) [which is at a discount of 5% (i.e. Rs. 6.80 per Equity Share) to the floor price of Rs. 136.05 per Equity Share], aggregating to Rs. 14,021,042,326.50 (One Thousand Four Hundred and Two Crore Ten Lakhs Forty-Two Thousand Three hundred Twenty-Six and Fifty Paisa only), pursuant to the Issue.

 

Scrip code : 543317

Name : G R Infraprojects Limited

Subject : Financial Close For Project Of GR AMRITSAR BATHINDA
HIGHWAY PRIVATE LIMITED

Financial close for project of “Development of 6-Lane Amritsar-Bathinda Greenfield Section of NH- 754A from village Tiba on NE-5A to junction with Moga Jalandhar road (NH-703) near Dharamkot (from Km 0+000 to km 39+000) as a part of Amritsar-Jamnagar Economic Corridor in the state of Punjab on Hybrid Annuity Mode under Bharatmala Pariyojana Phase-I (Package-1).’

 

Scrip code : 541154

Name : Hindustan Aeronautics Limited

Subject : Award By Consent Passed By The International Chamber Of Commerce (ICC) Of Arbitration W.R.T. RUAG Project Issues

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Company has received Award by Consent passed by the International Court of Arbitration of the International Chamber of Commerce (ICC) in the arbitration claim filed by RUAG Aerospace Services GmbH (Now taken over by General Atomics AeroTec Systems GmbH) against the Company, on joint request by both the parties after resolving their disputes pursuant to a settlement agreement between both the parties.

 

Scrip code : 542543

Name : India Infrastructure Trust

Subject : Intimation W.R.T. Disclosure Received For Sale Of Units Of India Infrastructure Trust

Please note that, pursuant to Regulation 17.4.1 of the Code of Conduct for Prohibition of Insider Trading (“Code”) of India Infrastructure Trust (“Trust”), the Trust has received disclosure in the prescribed Form C from its Sponsor i.e. Rapid Holdings 2 Pte. Ltd., on February 15, 2022, regarding sale of units of the Trust by them on February 14, 2022. Copy of the aforesaid disclosure received is enclosed herewith in terms of Regulation 17.4.2 of the said Code.

 

Scrip code : 530951

Name : RAMINFO LIMITED

Subject : Announcement Of Foraying Into Edutech Space – Raminfo Empanelled As Partner With Rajasthan Knowledge Corporation Limited (RKCL).

With reference to the above cited subject and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Announcement for Intimation of Empanelled Partnership. The promoters/ promoter group of the Company do not have any interest in the entity which has awarded the Order; thereby the transaction does not come under the purview of Related Party transactions.

 

Scrip code : 505509

Name : Responsive Industries Ltd

Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement)Regulations, 2015, we wish to inform you that our Company has received observation letters from both BSE and NSE vide their letters dated 14.02.2022 regarding draft Scheme of Amalgamation between Axiom Cordages Limited (the transferor company) and Responsive Industries Limited (the transferee company) and their respective shareholders under Section 230 to 232 of the Companies Act, 2013, enabling the Company to file the scheme with the Hon”ble NCLT. Please find attached herewith the copies of observation letters of NSE and BSE, which are self explanatory. Kindly take the same on your record.

 

Scrip code : 507205

Name : Tilaknagar Industries Ltd

Subject : Announcement Under Regulation 30 – Commencement Of Production

In compliance with the provisions of Regulation 30(4) read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has commenced production of brands of French multinational Pernod Ricard India Private Limited at its Shrirampur bottling facility in Maharashtra, from February 15, 2022, pursuant to the long term manufacturing agreement entered into with them. Kindly take the information on record and oblige.

Daily Bulletin (15th February, 2022)

Daily Bulletin (15th February, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220215-59

Scrip code : 500410

Name : ACC Ltd

Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release – ACC expands capacity by 1.6 MTPA at Tikaria grinding unit in the state of Uttar Pradesh.

 

Scrip code : 543248

Name : Burger King India Limited

Subject : Announcement under Regulation 30 (LODR)-Qualified Institutional Placement

In reference to our earlier letter, we wish to inform you that the Fund Raising Committee at its meeting held today i.e. on February 15, 2022 has, inter alia, passed the following resolutions: a) Approving the closure of the issue period for the Issue today i.e. February 15, 2022; b) Determining and approving the issue price of ?129.25 per Equity Share (including a premium of ?119.25 per Equity Share), [which is at a discount of 5% (i.e. ? 6.80 per Equity Share) to the floor price of ?136.05 per Equity Share] determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers in the Issue; and c) Approving and finalising the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue.

 

Scrip code : 506390

Name : Clariant Chemicals (India) Limited

Subject : Updates on Open Offer

ICICI Securities Ltd (“Manager to the Offer”) has submitted to BSE a copy of Advertisement in accordance with Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (As Amended) (“SEBI (SAST Regulations”) and Corrigendum to the Detailed Public Statement and Draft Letter of Offer (“Corrigendum”) with respect to the Open Offer to the Public Shareholders of Clariant Chemicals (India) Ltd (“Target Company”).

 

Scrip code : 543225

Name : Data Infrastructure Trust

Subject : Intimation Of Rights Entitlement Ratio For The Rights Issue

Further to the intimation dated February 12, 2022, in relation to the proposed rights issue of units by the Data Infrastructure Trust (‘Trust’, and such issue, the ‘Rights Issue’), we hereby inform you that the Data InvIT Committee of the Board of Directors of Brookfield India Infrastructure Manager Private Limited, acting in the capacity of Investment Manager to the Trust, has today (i.e., on February 15, 2022) considered and approved the rights entitlement ratio (i.e., 1 (one) unit for every 88 (eighty-eight) units held by the eligible unitholders on the record date in connection with the Rights Issue). Further, as the trading lot size comprises 200,000 units in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, for the Trust, minimum application in the Rights Issue by any investor shall be for 200,000 units. The minimum allotment to any investor shall not be less than Rs. 20 million.

 

Scrip code : 500620

Name : Great Eastern Shipping Co. Ltd.,

Subject : Intimation Regarding Extinguishment Of Equity Shares Pursuant To Buyback.

The Company has extinguished 5,57,444 Equity Shares of face value Rs. 10/- each, which were bought back by the Company from open market through Stock Exchanges.

 

Scrip code : 543277

Name : Laxmi Organic Industries Limited

Subject : Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby inform you that the Company has signed Share Subscription and Shareholders’ Agreement with Radiance MH Sunrise Seven Private Limited and Radiance Renewables Private Limited, for acquiring 15,12,000 equity shares constituting 26% of the total share capital of Radiance MH Sunrise Seven Private Limited for a sum not exceeding to ?1,51,20,000 (Rupees One Crore Fifty-One Lakh Twenty Thousand only).

 

Scrip code : 513554

Name : Mahamaya Steel Industries Limited

Subject : Announcement under Regulation 30 (LODR)-Preferential Issue

To issue and allot, in one or more tranches, up to 16,64,000 (Sixteen Lakhs Sixty-Four Thousand Only) fully paid-up Equity Shares of Rs. 10/- each at a price determined in accordance with the pricing formula prescribed under Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 for cash to the proposed allottees under Promoter category. Convene the Extra Ordinary General Meeting of the Company on Saturday, 19″” March, 2022 and approve the Notice of the same.

 

Scrip code : 533295

Name : PUNJAB & SIND BANK

Subject : Reporting Of Borrowal Fraud Of Bank”s Exposure In M/S IL & FS Tamil Nadu Power Company Limited Involving An Amount Of Rs.148.86 Crore

Pursuant to the applicable provisions of SEBI (LODR) Regulations and the materiality policy of the Bank we inform as under: In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and having regard to the Bank”s policy on determination and disclosures of material events, it is informed that an NPA Account, viz. M/s IL & FS Tamil Nadu Power Company Limited with outstanding dues of Rs.148.86 crore has been declared as fraud and reported to RBI today as per regulatory requirement. Bank has already made provisions amounting to Rs.59.54 crore, as per prescribed prudential norms.

 

Scrip code : 532779

Name : TORRENT POWER LIMITED

Subject : Completion Of Acquisition Of Visual Percept Solar Projects Private Limited

Pursuant to the SEBI LODR and further to the Company’s intimation dated February 10, 2022, we inform that the Company has, pursuant to Share Purchase Agreement between Torrent Power Limited, Blue Daimond Properties Private Limited and Balrampur Chini Mills Limited, (the Sellers) and Visual Percept Solar Projects Private Limited (SPV) as intimated earlier, completed transaction of acquisition of 100% Equity Share Capital of Visual Percept Solar Projects Private Limited.

Daily Bulletin (15th February, 2022)

Daily Bulletin (15th February, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220214-37

 

Scrip code : 532149

Name : Bank of India

Subject : Notice For Exercise Of Call Option In Respect Of 8.00% BOI Tier II Bonds Series XIV (ISIN No. INE084A08110)
Fixation Of Record Date – 25H February, 2022 Notice for Exercise of Call Option in respect of 8.00% BOI Tier II Bonds Series XIV (ISIN No. INE084A08110) Fixation of Record Date – 25h February, 2022.

 

Scrip code : 543283

Name : BARBEQUE-NATION HOSPITALITY LIMITED

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

the investment and allotment of equity shares has been completed on February 11, 2022.

 

Scrip code : 526817

Name : Cheviot Co.Ltd.

Subject : Announcement under Regulation 30 (LODR)-Closure of Buy Back

Confirmation of extinguishment of 2,50,000 ordinary shares bought back by the Company.

 

Scrip code : 542918

Name : Gian Life Care Limited

Subject : Board recommends Bonus Issue

Gian Life Care Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2022, inter alia, has recommended issue of Bonus Shares to the shareholders in the ratio of 6:5, (Six Bonus shares for every Five Equity shares held by the equity shareholders of the Company), subject to the approval of shareholders.

 

Scrip code : 532754

Name : GMR Infrastructure Limited

Subject : Update On Allotment Of Shares Of GMR Power And Urban Infra Limited

GMR Power and Urban Infra Limited (GPUIL/Resulting Company) has allotted the 603594528 equity shares to the shareholders of GMR Infrastructure Limited (GIL/Demerged Company). GPUIL has allotted 1 equity share of Rs. 5/- each, to the shareholders of GIL, for every 10 equity shares of Rs. 1/- each held in GIL. Also, GPUIL has executed all corporate actions for crediting the shares into the Demat account of respective shareholders. GPUIL has also initiated the process to obtain the in-principal approval and listing of 603594528 equity shares on both, BSE and NSE, stock exchanges.

 

Scrip code : 543367

Name : Paras Defence and Space Technologies Limited

Subject : Statement Of Deviation Or Variation In The Use Of Proceeds Of Initial Public Offer (IPO) Of The Company

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of proceeds, from the objects stated in the prospectus for Initial Public Offer (IPO) of the Company dated September 25, 2021. A statement confirming that there is no deviation or variation in the utilisation of proceeds, duly reviewed by the Audit Committee and approved by the Board of Directors is enclosed. Out of the total funds received, as on December 31, 2021, Rs. 660.00 million was held in the form of Fixed Deposits with Kotak Mahindra Bank Limited and Rs. 38.85 million is lying in the Monitoring Agency Account held with Kotak Mahindra Bank Limited and was yet to be utilized. The balance amount of Rs. 545.68 million has been utilized for the objects as stated in the Prospectus of the Company dated September 25, 2021.

Steel Exchange India Ltd

Steel Exchange India Ltd
Iron & Steel/ Interm.Products
FV – Rs 10; 52wks H/L –263.5/45.1 ; TTQ – 3500 ; CMP – Rs 220 (As On February 15th, 2022) ;                    

                Market Cap – Rs 1973 Crs

Consolidated Financials and Valuations for FY21 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
 Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

P/BV

Promoter’s
Stake
80.39 302 508 898 140 38 12.6 12 5.7 49.78

 

Consolidated Financials and Valuations for H1 FY22


Equity Capital

Net worth
 

Debt


Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

P/BV

Promoter’s
Stake
80.08 294 508 470 -8 37 -1

5.9

49.72

 

The company has successfully paid Rs.510.17 Crores and settled the dues of all the Lenders on 29.01.2021 that was almost 7 Months before the due date 31.08.2021 of OTS (One Time Settlement) by raising listed NCDs under private placement amounting to Rs.382.80 crores which was subscribed to by group of Investors led by M/s Edelweiss and the remaining Rs.17.20 Crores by way of equity share subscription for 44,04,059 equity shares on 01.02.2021 at a price of Rs.39 per share which includes share premium of Rs.29 per share by group of Investors led by M/s Edelweiss.

The Company approved allotment of over Rs. 2.3 crs Compulsory Convertible Debentures and 5822150 Convertible Warrants at Rs.72.5 each.

Overview:

  • Steel Exchange India Ltd has been established in the field of iron and steel manufacturing and is the AP’s largest private integrated steel plant. The company aims to grow as a quality steel product hub, increasing the customer base and clientele organizations.
  • The Company was incorporated in Februarary 1999 as Pyxis Technology Solutions Ltd.
  • The company promoted by team of technocrats, friends and relatives.
  • In December 1999 the Steel Exchange India Ltd was incorporated as 100 percent subsidiary of Pyxis Technologies.

Management:

  • B. Satish Kumar – CMD
  • B. Ramesh Kumar – CFO

Share Price Trend:

Share Price Snapshot:

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2015 57 65.6 28.6 44.75
2016 44.9 94.95 26.2 88.9
2017 88 133.45 32.25 42.15
2018 42.1 50.65 13.6 15.4
2019 15 25.25 9.06 25.25
2020 26.5 47.05 11.61 46.3
2021 47.8 185 45.1 173.3
2022 174.45 263.5 174.45 207.9

 

Segment Results:

LIC IPO DRHP  ~ QUICK FIRST TAKE   

LIC IPO DRHP  ~ QUICK FIRST TAKE   

Computed Price Range of Rs 2000 to Rs 2200 puts it in TOP 3 Market Cap Companies

Life Insurance Corporation of India (LIC) has just filed its 652 Pages Draft Red Herring Prospectus (DRHP)  with SEBI today, Sunday, February 13,2022. It is on track for an IPO in  March 2022

Our Quick First Take is as below :

Equity Rs 6325 Crs comprising of 6,324,997,701 Equity Shares of face Value Rs 10 owned 100% by Government of India
IPO Offer For Sale by Govt 316,245,889 Equity Shares comprising 5% of the Equity
Special Quota LIC Policy Holders 10 % : Employees 5% ~ may offer both at a discount on IPO Price
LIC Embedded Value Rs 5,39,686 crs as on September 30,2021
NAV/Share Rs 12.68 as on September 30,2021 based on relevant Networth of Rs 8020 crs
EPS Rs 2.38 as on September 30,2021 and Rs 4.70 based on March 2021 Earnings after considering enhanced Equity Capital after Bonus Issues on September 8,2021

 

Computed IPO Price Range is Rs 2000 to Rs 2100

We have worked out an IPO Price Range of Rs 2000 to Rs 2200

This is based on the above offer and the revised FY 22 Disinvestment of Rs 78000 crs of which Rs 12000 crs has been achieved. Thus, implying LIC IPO size should be @ Rs 66000 crs  

At Rs 2200 the Market Capitalisation of LIC is Rs 13,91,500 crs (US $ 186 b taking $=Rs 75)) putting it in the TOP 3 Listed Companies in India .Reliance Industries is the leader at Rs 16,07,858 crs (US $ 214 b) with TCS second currently at Rs 13,67,021 crs (US $ 182 b) as on Friday closing February 11,2022

Total BSE Market Capitalisation at closing on Friday, February 11,2022 was Rs 2,63,89,886 crs        ( US $ 3.5 Trillion). Interestingly LIC value of its Investments in Listed Equity is @ US 140 b or near 4% of the Market Cap

Being the Market Leader, LIC Valuation is obviously much higher than Peer Group on relative Valuations of PE and PBV and is a near 2.6 Multiple of its Embedded Value

Interesting Extracts from the DRHP form part of this SCRIP STANDPOINT in the pages that follow

Cheers,

 

Gaurav Parikh, Managing Director

[email protected] +9820162597

  

Disclosure & Disclaimer

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