Tata Power Ltd May 6, 2020

Tata Power Ltd

Electric Utilities

FV – Rs 1; 52wks H/L – 74.05/27; TTQ – 29.93 Lacs; CMP – Rs 43.95 (As On May 6, 2020);                  

      Market Cap – Rs 11887 Crs

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

 

  Tata Power
Year Equity Capital Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
  Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs     %
2019 271 18066 32695 29699 1316 66.79 4.87 9.03 0.66 37.22
2018 271 16806 31139 30267 2606 62.13 9.63 4.56 0.71 33.00

 

Corp Actions: Split 10:1, 26th September, 2011

Price  Chart (2010-2020):

 

Recent News:

TPCODL Acquisition: On 2nd June, Tuesday, Tata Power announced that they acquired 51% of TPCODL (TP Central Odisha Distribution Ltd). TP Central Odisha Distribution Ltd (TPCODL) carries out the business of Central Electricity Supply Utility of Odisha (CESU). The acquisition paves the way for taking over the power supply business of five cities in Odisha by Tata Power.

Rights Issue: Tata Power announced on Friday, 5th June that its  plans to raise Rs. 2000 Cr through rights issue: Tata Power Co. Ltd, India’s largest private power generation company, has started work on a rights issue to raise at least Rs 2,000 crore, as it looks to reduce debt and tap new opportunities.

The company could raise at least Rs 2,000 crore from the rights issue, although the final size of the offer could be significantly larger, the rights issue will be launched next quarter.

Petronas eyes stake in Tata Power’s InvIT : Malaysian state oil and gas company Petroliam Nasional Bhd (Petronas) is in active negotiations with the Tata Group to become a key investor in Tata Power’s planned renewable energy infrastructure investment trust (InvIT) as India’s leading utility looks to unlock value and pare debt.

 

 

Daily Notifications as on 6th May, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200506-27

1. Scrip code : 532304
Name : KJMC Corporate Advisors (India) Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
We are pleased to inform you that the Mumbai Bench of the Hon’ble National Company Law Tribunal (NCLT) vide its Order dated April 27, 2020 has granted approval for the Scheme of Amalgamation between KJMC Commodities Market India Limited (‘the Transferor Company’) with KJMC Capital Market Services Limited (‘the Transferee Company’) and their respective shareholders (“Scheme”). The Appointed date for the said Scheme of Amalgamation is April 1, 2018. KJMC Commodities Market India Limited (‘the Transferor Company’) and KJMC Capital Market Services Limited (‘the Transferee Company’) are both the wholly owned subsidiary companies of KJMC Corporate Advisors (India) Limited. This is for your information and records.

2. Scrip code : 539515
Name : Gaurav Mercantile Limited
Subject : Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company in their meeting held on Wednesday, May 6, 2020, commenced at 4.30 p.m. and concluded at 5:00 p.m., considered the following agenda following items: 1)Reclassification of Identified Members of the Promoter/ Promoter Group 2)Acquisition of Digital Business from Quintillion Media Private Limited being a related party 3)Approval for related party transactions 4)Increasing the borrowing powers and creation of charge or mortgage or hypothecation against the assets or properties of the Company 5)Alteration of Articles of Association 6)Shifting of registered office 7)Change of name of the Company 8)To consider and approve the matters for conducting the Postal Ballot along with notice and relevant documents

Daily Notifications as on 5th May, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200505-34

1. Scrip code : 542651
Name : KPIT Technologies Ltd
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
With reference to aforesaid intimation for acquisition of majority stake in Vayavya Labs Private Limited (“VL”) and its shareholders and in terms of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform that pursuant to the authority delegated by the Board of Directors, the Managing Director & CEO of the Company has modified terms of the acquisition in Vayavya Labs Private Limited as stated below. Accordingly, all other terms remaining unchanged following description as stated at Annexure A of earlier intimation dated 11th March, 2020 be modified and read as under: f. Indicative Time Period for completion of acquisition – The deal is expected to get closed by the fourth quarter of FY2021 vs first quarter of FY 2021 as intimated earlier.

Daily Notifications as on 4th May, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200504-34

1. Scrip code : 519552
Name : Heritage Foods Limited
Subject : Board to consider FY20 results & Dividend on May 27, 2020
Heritage Foods Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled to be held on May 27, 2020, to transact the following business apart from the other items as per the agenda: 1. To Consider approve and take on record the Audited Standalone Financial Results of the Company under Indian Accounting Standards (Ind AS) for the Year ended on March 31, 2020 2. To Consider approve and take on record the Audited Consolidated Financial Results of the Company under Indian Accounting Standards (Ind AS) for the Year ended on March 31, 2020. 3. Audit Report of the Statutory Auditors of the Company on the Audited Financial Statements (Standalone as well as Consolidated) for the Year ended on March 31, 2020. 4. To Consider and recommend Dividend, if any, on the equity shares of the Company for the financial year 2019-20. 5. To fix the Book Closure date for the purpose of determining the members eligible for receiving dividend of the Company. 6. To decide the date, time and venue of 28th Annual General Meeting, 7. To consider and approve the 28th Annual General Meeting Notice and Directors Report etc., for the financial year ended March 31, 2020. Pursuant to the Code of Conduct to Regulate, Monitor & Report by Insider Trading of the Company, the Trading Window for the transacting the equity shares of the Company has been closed from April 01, 2020 and it will open after 48 hours from the meeting of Board of Directors as scheduled above.

2. Scrip code : 541179
Name : ICICI Securities Limited
Subject : Board Meeting Intimation for Considering And Approving The Audited Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2020 And Recommendation Of Dividend, If Any, On The Equity Shares For The Financial Year Ended March 31, 2020.
ICICI Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/05/2020 ,inter alia, to consider and approve the audited financial results of the Company for the quarter and financial year ended March 31, 2020 and recommendation of dividend, if any, on the equity shares for the financial year ended March 31, 2020.

Daily Notifications as on 30th April, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200430-39

1. Scrip code : 540222
Name : Laurus Labs Limited
Subject : Board recommends Final Dividend & Sub-division (Split) of equity shares
Laurus Labs Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2020, inter alia, have transacted the following: 1. The Board of Directors have recommended a final dividend of Rs. 1.00 (10%) per equity share of face value of Rs. 10/- each, for the financial year 2019-20. 2. The Board of Directors have recommended for the sub-division of equity shares of the Company from existing face value of Rs. 10/- each to face value of Rs. 2/- each (i.e. split of 1 equity share of Rs.10/- into 5 equity shares of Rs. 2/- each), to the approval of the shareholders in the ensuing Annual General Meeting of the Company and subject to other approvals as may be required.

2. Scrip code : 500325
Name : Reliance Industries Ltd
Subject : Board approves Rights Issue of equity shares
Reliance Industries Ltd has informed BSE about Outcome of Board Meeting held on April 30, 2020.

Daily Notifications as on 29th April, 2020

 

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200429-41

1. Scrip code : 535602
Name : Sharda Motor Industries Ltd
Subject : Update Over The Apportionment Of Pre-Demerger Cost Of Acquisition Of The Equity Shares Of Sharda Motor Industries Limited Consequent Upon Effectiveness Of The Scheme Of Arrangement (‘Scheme’) Between Sharda Motor Industries Limited (‘The Company’) And NDR Auto Components Limited And Their Respective Shareholders And Creditors
In continuous to our previous intimations made with respect to the Scheme of Arrangement (‘Scheme’) between Sharda Motor Industries Limited (‘the Company’) and NDR Auto Components Limited and their respective Shareholders and Creditors, please find enclosed herewith the details of Apportionment of pre-demerger cost of acquisition of the equity shares of the Company and NDR Auto Components Limited issued by the M/s. Sundae Capital Advisors Private Limited, Merchant Banker of the Company. This is for your information and records.

2. Scrip code : 539872
Name : Bajaj Healthcare Limited
Subject : Announcement Under Regulation 30 Of SEBI (LODR) Regulation, 2015
In terms of regulation 30 of SEBI (LODR) Regulation, 2015, this is to inform you that the Company has agreed to acquire stressed Assets from Saraswat Cooperative Bank comprising of Land, Building, Plant & Machineries and other assets as per Annexure ‘A’ attached herewith.

3. Scrip code : 532720
Name : Mahindra & Mahindra Financial Services Limited
Subject : Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
We refer to our letter dated 21st June, 2019 regarding execution of the Share Subscription Agreement and Shareholders” Agreement by and amongst the Company, Mahindra Asset Management Company Private Limited (‘MAMCPL’), Mahindra Trustee Company Private Limited (‘MTCPL’), [i.e. the wholly-owned subsidiaries of the Company] and Manulife Investment Management (Singapore) Pte. Ltd. (formerly known as Manulife Asset Management (Singapore) Pte. Ltd.) (‘Manulife’) and acquisition of a 49% stake by Manulife in MAMCPL and MTCPL. In furtherance of the above, we wish to inform you that Manulife has today acquired a 49% stake in MAMCPL and MTCPL. Consequent to the above, the shareholding of the Company in MAMCPL and MTCPL has come down from 100% to 51% of the share capital respectively, and accordingly, MAMCPL and MTCPL will cease to be wholly-owned subsidiaries of the Company but, continue to remain the Company’s subsidiaries. Please find enclosed a Press Release being issued in this regard.

4. Scrip code : 717979
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We had, vide our disclosure dated November 07, 2019, informed you that Reliance Strategic Business Ventures Limited (‘RSBVL’), a wholly owned subsidiary of the Company, had acquired 17.37% shareholding in SkyTran Inc. on a fully diluted Page 36 bu290420.txt basis. Subsequent to our disclosure dated November 7, 2019, RSBVL acquired convertible notes in two tranches, the first one on November 29, 2019 and the second one on March 23, 2020, which got converted into shares of SkyTran Inc. on April 27, 2020 upon certain conditions being satisfied. Consequent upon this, the shareholding of RSBVL in SkyTran Inc. stood increased to 26.31% on a fully diluted basis. No regulatory approvals were required in India for the aforesaid acquisition of shares. The investment does not fall within related party transaction and none of the Company”s promoter I promoter group I group companies have interest in skyTran Inc

Daily Notifications as on 28th April, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200428-34

1. Scrip code : 500325
Name : Reliance Industries Ltd
Subject : Board Meeting Intimation for Board Meeting
RELIANCE INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/04/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 30, 2020 inter alia to: (a) consider and approve the standalone and consolidated audited financial results of the Company for the quarter / year ended March 31, 2020; (b) recommend dividend on equity shares of the Company; and (c) consider a proposal to issue equity shares to existing shareholders on Rights basis, as may be permitted under applicable law, subject to such regulatory/statutory approvals, as may be required.

2. Scrip code : 532215
Name : AXIS Bank Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
This is with reference to our letter no. AXIS/CO/CS/981/2019-20 dated 20th February 2020 on ‘Confidentiality and Exclusivity Agreement with Max Financial Service Limited’. We wish to inform you that the Board of Directors at its meeting held on Monday, 27th April 2020, has approved entering into an agreement with Max Financial Services Limited (MFSL) to acquire 29% stake in Max Life Insurance Company Limited. The Bank will acquire shares from Max Financial Services and will sign a Shareholders’ Agreement and a Share Purchase Agreement in relation to the same. The said transaction is subject to satisfaction of conditions precedent, including receipt of regulatory approvals from Reserve Bank of India, Insurance Regulatory and Development Authority of India and Competition Commission of India, among others. The details as required under the Listing Regulations are provided in Annexure A. The press release in this regard is attached herewith.

Daily Notifications as on 27th April, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200427-38

1. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
Dear Sir/Madam, We refer to our letter dated April 13, 2020 intimating your office about application filed by the Company with the Hon’ble National Company Law Tribunal, Mumbai Bench seeking for: (a) Dispensation of meeting of the National Company Law Tribunal convened meeting of the shareholders scheduled to be held on Thursday, April 16, 2020 as the same in current environment was not be possible and (b) to consider and accept the votes casted via Remote E-voting / Postal Ballot facility till Wednesday, April 15, 2020 as the final consent of the shareholders towards the Scheme of Arrangement between IndusInd Media & Communications Limited (‘IMCL’ or ‘Demerged Company’) and NXTDIGITAL LIMITED (‘NXTDIGITAL’ or ‘Resulting Company’) and their respective shareholders; In this regard we would like to inform you all that the aforesaid application made by the Company has been allowed by the Hon’ble National Company Law Tribunal Mumbai Bench, on Wednesday, April 22, 2020.

2. Scrip code : 532966
Name : Titagarh Wagons Ltd
Subject : NCLT Convened Meeting On 29Th April, 2020
We enclose herewith the notice of the Hon”ble National Company Law Tribunal (`NCLT”) convened meetings of the equity shareholders, secured creditors and unsecured creditors of Titagarh Wagons Limited (‘the Company’) to be held on Wednesday, 29th April, 2020 at 4:00 P.M., 5:00 P.M. and 5:30 P.M. respectively through video conferencing in terms of the Order passed by NCLT on 22nd April, 2020, which has been duly dispatched to the shareholders and creditors whose email addresses are registered with the Company, for approval of the Scheme of Amalgamation by absorption of Cimmco Limited (Transferor Company No. 1), Titagarh Capital Private Limited (Transferor Company No. 2) with the Company.

3. Scrip code : 512070
Name : UPL Limited
Subject : Closure Of Transaction With Regards To Yoloo (Laoting) Bio-Technology Co., Ltd. The Company hereby confirms the completion of acquisition of Yoloo (Laoting) Bio-technology Co. Ltd., that was announced on 14th November 2019, post all customary and regulatory approvals and the transaction is closed.

Daily Notifications as on 24th April, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200424-38

1. Scrip code : 500770
Name : Tata Chemicals Ltd
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Sanction of Scheme of Merger by Absorption under Section 234 read with Section 230 to Section 232 of the Companies Act, 2013 of Bio Energy Venture – 1 (Mauritius) Pvt. Ltd, a wholly owned subsidiary of the Company (Transferor Company) by Tata Chemicals Limited (Transferee Company) and their respective shareholders

2. Scrip code : 509079
Name : Gufic BioSciences Ltd.
Subject : Announcement Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
This is in reference with the Scheme of Amalgamation of Gufic Biosciences Limited (‘the Company’) with Gufic Lifesciences Private Limited (‘GLPL’) and their respective shareholders and creditors, for which ‘Observation Letters’ with no adverse remarks have been received by BSE Limited and National Stock Exchange of India Limited vide their letters dated April 15, 2020. We are pleased to inform you that GLPL have been approved by ANVISA, Brazil and with this approval, GLPL can now expand its business in the territory of Brazil.

3. Scrip code : 500477
Name : Ashok Leyland Ltd.,
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
In continuation to our letters dated March 18, 2020, March 21, 2020 and March 25, 2020, we hereby inform you that the Company has in tranches, acquired 15796406 shares of Rs.10/- each, constituting 3.36% of the paid-up equity share capital of Hinduja Leyland Finance Limited (“HLFL”), a subsidiary of the Company. Consequent to the aforesaid acquisition, the Company’s shareholding in HLFL stands increased from 65.45% to 68.81%. The aforesaid acquisition is part of the 6.99% acquisition approved by the Board at the meeting held on March 21, 2020. The details required under Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in annexure. We request you to kindly note and take the above information on record.

4. Scrip code : 542772
Name : IIFL Wealth Management Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Further to our letter dated August 28, 2019 on the captioned subject, we would like to inform the stock exchange(s) that IIFL Wealth Finance Limited has completed the acquisition of 100% of the paid- up share capital of L&T Capital Markets Limited (LTCM) on a fully diluted basis from L&T Finance Holdings Limited on 24 April 2020. Accordingly, with effect from 24 April 2020, LTCM has become a wholly owned subsidiary of the Company. following are also enclosed: i. a copy of the press release issued by the Company (Annexure I): ii. details of the acquisition, pursuant to SEBI (Listing Obligations and Disclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 (Annexure II) We request you to kindly take this intimation on record.

5. Scrip code : 500520
Name : Mahindra & Mahindra Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
With reference to the captioned subject, we would like to inform you that pursuant to the approval granted by the Board of Directors, the Company has today subscribed to 288 Compulsorily Convertible Preference Shares of Sampo Rosenlew Oy, Finland, an Associate of the Company (‘Sampo’). Pursuant to the said transaction, the voting rights of the Company in Sampo would increase from 49.04% to upto 49.14%.

Daily Notifications as on 23rd April, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200423-40

1. Scrip code : 534816
Name : Bharti Infratel Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Board of Directors of the Company met earlier today and took note of the status of Scheme of arrangement between Indus and Bharti Infratel. Since the conditions precedent to be fulfilled for the Scheme to become effective cannot be completed by the extended Long Stop Date i.e. April 24, 2020, the Board of Directors have further extended the Long Stop Date till June 24, 2020, subject to agreement on closing adjustments and other conditions precedent for closing, with each party retaining the right to terminate and withdraw the scheme. The final decision to implement the scheme will be taken by the Board keeping in mind the best interest of the Company and its stakeholders.

2. Scrip code : 500164
Name : Godrej Industries Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
This is with reference to the Scheme of Arrangement (Demerger) between Ensemble Holdings and Finance Limited (‘the Demerged Company’) and Godrej Industries Limited (‘the Resulting Company’) and their respective Shareholders pursuant to Section 230 to Section 232 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013 (‘Scheme’), subject to receipt of applicable regulatory and other approvals. In this regard, we are pleased to inform you that the final hearing for the Scheme was conducted by the Hon’ble National Company Law Tribunal, Mumbai Bench (‘Hon’ble NCLT’) via videoconferencing on April 22, 2020 and an Order was passed approving the Scheme. An uncertified copy of the said Order is made available on April 23, 2020 on the website of the Hon’ble NCLT. Order of the Hon’ble NCLT as uploaded on their website is attached herewith for your record.