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Aditya Birla Capital: The board approved the merger of wholly owned unit Aditya Birla Finance with the company. The merger is subject to sanction by the National Company Law Tribunal and other necessary approvals from the Reserve Bank of India and other shareholders.
*TIC:* British American Tobacco is preparing to begin the sale of part of its stake in the company this week, Bloomberg reported. Amid this, around 12 million shares (a 0.09% stake) changed hands in a big deal on Monday. It increased its stake in Sproutlife Foods to 44.74% for Rs 50 crore.
*SpiceJet:* Chief Operating Officer Arun Kashyap and Chief Commercial Officer Shilpa Bhatia have resigned from the airline, PTI reported.
*Vikas Nigam Railway:* The company emerged as the lowest bidder of Central Railway for signaling and telecom works for supply of automatic block signaling in Khapri-Sewagram section of Nagpur Division. It also received a construction order worth Rs 339 crore from Maharashtra Metro Rail Corp.
*Adani Companies:* The Dharavi survey will begin on March 18 in Kamla Raman Nagar to digitally collect data from billions of informal housing residents.
*HG Infrastructure Engineering:* The company received an award letter worth Rs 862.11 crore from the National Highways Authority of India.
*Jupiter Wagons:* The company has received an order worth Rs 957 crore from the Ministry of Railways to manufacture and supply 2,237 units of BOSM coaches.
*Mahindra and Mahindra:* The company reported total production of 73,380 units as against 58,203 units.
Interannual for the month of February.
*Pitti Engineering:* The company will buy Bagadia Chaitra Industries for an enterprise value of Rs 124.92 crore.
*Wipro:* The IT company has expanded its partnership with Nutanix to launch a new business unit focused on Nutanix.
*Imagicaaworld Entertainment:* The company announced its successful bid to set up a landmark concept on the iconic Sabarmati riverfront in Ahmedabad for Rs 130 crore.
*Triveni Engineering and Industries:* The company acquired a 25.43% stake in Sir Shadi Lal Enterprises for Rs 35 crore with an aim to expand its business operations in sugar and alcohol businesses.
*IRB Infrastructure Developers:* The company’s unit, IRB Lalitpur Toll Road, achieves financial closure of NH-44 project with Rs 3,500 crore in project financing from the lender.
*HIL:* The board approved the acquisition of 100% equity in Crestia Polytech for a total consideration of Rs 160 million.
New listings
RK Swamy: The company’s shares will debut on the stock exchanges on Tuesday at an issue price of Rs 288 apiece. The Rs 423.56 crore IPO was subscribed 25.94 times on its third and final day. The offers were led by institutional investors (34.36 times), retail investors (34.03 times), non-institutional investors (20.58 times) and the part reserved for employees (2.52 times).
Bharat Highways Infrastructure Investment Trust InvIT: The company’s shares will debut on the stock exchanges on Tuesday at an issue price of Rs 100 apiece. The Rs 2,500 crore IPO was subscribed 8.01 times on its third and final day. Bids were led by institutional investors (8.92 times) and other investors bid 6.93 times.
IPO offer
Gopal Snacks: The public issue was subscribed 9.02 times on day 3. Bids were led by institutional investors (17.5 times), non-institutional investors (9.5 times) and retail investors (4.01 times).
Popular Vehicles and Services: The company will offer its shares to tender on Tuesday. The price band is set between Rs 280 and Rs 295 per share. The Rs 601.55 crore IPO is a combination of a fresh issue and an offer for sale. The company has raised Rs 180 crore from anchor investors.
Wholesale offers
InterGlobe Aviation: Rakesh Gangwal sold 2.25 lakh shares (5.82%) at Rs 3,015.88 each, while Morgan Stanley Asia (Singapore) Pte. bought 21 lakh shares (0.54%) at Rs 3,015.1 each.
Tilaknagar Industries: M and S Bottling Company sold 10 lakh shares (0.52%) at Rs 193.22 each.
Dwarkesh Sugar: Goel Anil Kumar sold 14.39 lakh shares (0.76%) at Rs 83.66 each.
Insider trading
Deccan Gold Mines: Promoter Rama Mines Mauritius sold 1.05 lakh shares between March 5-7.
Usha Martin: Promoter Peterhouse Investments India sold 5 lakh shares on March 11.
Yasho Industries: Promoter Parag Vinod Jhaveri sold 33,393 shares on March 5
Details of the committed participation
Paisalo Digital: Promoter Equilibured Venture CFlow, PRI CAF and Pro FITCCH revoked a pledge of 3.37 lakh shares on March 7.
Trade adjustments
Price band changes from 20% to 10%: Sindhu Trade Links.
Ex/record rights issue: IRB Infrastructure Trust.
Moved to ASM framework in the short term: Tata Chemicals.
ASM framework removed in the short term: Inox India, Sanghvi Movers and Shaily Engineering Plastics.
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