Monthly Corporate Action Tracker - content.icicidirect.comcontent.icicidirect.com/mailimages/IDirect_CorporateActionTracker_Jun19.pdf · Bharti (SBM) Holdings purchased 132.3 lakh

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Research Analyst

Monthly Corporate Action Tracker

Dossier of key corporate actions in June, 2019

Amit Gupta Bharat Chhoda Cheragh Sidhwa

[email protected] [email protected] [email protected]

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Corporate Action Tracker - June 2019

Preferential allotment in May 2019

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Board meetings and AGM for June 2019

Major stakeholder’s activity in May 2019

Bonus, open offer and stock split for June 2019

Announced/Probable dividend1

Historical trends of corporate actions6

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Companies likely to pay dividend in June 2019

Announced dividend Probable dividend

Source: Capitaline, ICICI Direct Research Source: Capitaline, ICICI Direct Research

Company Dividend Face value Dividend Dividend Yield Ex-date

(%) (|) (|/share) (%)

Asian Paints 765 1.00 7.65 0.5 13/06/2019

Kansai Nerolac 260 1.00 2.6 0.6 13/06/2019

Infosys 210 5.00 10.5 1.4 13/06/2019

Torrent Pharma. 80 5.00 4 0.3 13/06/2019

Torrent Power 50 10.00 5 2.0 13/06/2019

MAS FINANC SER 36 10.00 3.6 0.6 18/06/2019

Deepak Nitrite 100 2.00 2 0.6 19/06/2019

Rallis India 250 1.00 2.5 1.7 19/06/2019

Shriram Trans. 70 10.00 7 0.6 19/06/2019

ICICI Lombard 35 10.00 3.5 0.3 19/06/2019

Security & Intel 35 10.00 3.5 0.4 19/06/2019

Hind. Unilever 1300 1.00 13 0.7 20/06/2019

Nilkamal Ltd 90 10.00 9 0.7 20/06/2019

HDFC Bank 750 2.00 15 0.6 20/06/2019

Shankara Build. 15 10.00 1.5 0.3 20/06/2019

Bandhan Bank 30 10.00 3 0.5 20/06/2019

Graphite India 1750 2.00 35 8.3 27/06/2019

BSE 1250 2.00 25 4.0 27/06/2019

Tata Chemicals 125 10.00 12.5 2.0 28/06/2019

Company Dividend Face value Dividend Dividend Yield Ex-date

Market Capitalisation(BSE) (%) (|) (|/share) (%)

Bosch 1000.00 10.00 100 0.5 7/6/2018

Can Fin Homes 100.00 2.00 2 0.6 13/06/2018

Dewan Hsg. Fin. 25.00 10.00 2.5 0.4 19/06/2018

Emami 700.00 1.00 7 1.3 21/06/2018

ICICI Pru Life 11.00 10.00 1.1 0.3 18/06/2018

ICICI Pru Life 22.00 10.00 2.2 0.6 18/06/2018

Laurus Labs 15.00 10.00 1.5 0.3 28/06/2018

M R P L 30.00 10.00 3 3.9 28/06/2018

New India Assura 100.00 5.00 5 1.6 27/06/2018

Reliance Inds. 60.00 10.00 6 0.6 27/06/2018

Sterlite Tech. 100.00 2.00 2 0.7 21/06/2018

Supreme Inds. 450.00 2.00 9 0.7 19/06/2018

Tata Coffee 150.00 1.00 1.5 1.2 18/06/2018

Tata Global 250.00 1.00 2.5 1.0 20/06/2018

Ujjivan Fin.Ser. 5.00 10.00 0.5 0.1 19/06/2018

V-Mart Retail 20.00 10.00 2 0.1 20/06/2018

Welspun Corp 10.00 5.00 0.5 0.4 25/06/2018

Welspun India 65.00 1.00 0.65 1.1 25/06/2018

Yes Bank 135.00 2.00 2.7 0.8 4/6/2018

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Board meetings scheduled in June 2019

Board meetings in June 2019

Source: Capitaline, ICICI Direct Research

AGM in June 2019


Company name Meeting date Board meeting purpose

Alembic Pharma 12/6/2019 Issue of Debentures

Mapro Industries 12/6/2019 Accounts

Pricol Ltd 15/06/2019 Quarterly Results

Unitech 15/06/2019 Accounts

Somany Ceramics 17/06/2019 Others

Canara Bank 18/06/2019 Others

Vadilal Inds. 20/06/2019 Quarterly Results,Dividend

Reliance Capital 28/06/2019 Quarterly Results

Reliance Home 28/06/2019 Quarterly Results

Company name Event Date Event Type Event Location

Lalit Polymers 13/06/2019 AGM New Delhi

Muthoot Cap.Serv 17/06/2019 AGM Kochi

Tata Power Co. 18/06/2019 AGM Mumbai

Indian Hotels 20/06/2019 AGM Mumbai

AP Tanneries 20/06/2019 AGM Vizianagaram

Kansai Nerolac 21/06/2019 AGM Mumbai

Navin Fluo.Intl. 21/06/2019 AGM Mumbai

Shankara Build. 25/06/2019 AGM Bengaluru

Asian Paints 27/06/2019 AGM Mumbai

Suraj 27/06/2019 AGM Ahmedabad

Chemfab Alka. 27/06/2019 AGM Chennai

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Corporate actions announced in June 2019

Bonus issue

Ongoing open offer



Offer Start Offer Close Offer Price Proposed Acquisition Proposed Acquisition

Company Date Date (|) (No. of shares in crore) (% Capital)

NIIT Tech. 31/05/2019 14/06/2019 1394.0 1.6 26.0

Weizmann For. 6/6/2019 19/06/2019 528.0 0.3 25.2

Allsec Tech. 12/6/2019 25/06/2019 320.0 0.4 26.0

Essel Propack 14/06/2019 27/06/2019 139.2 8.2 26.0

KPIT Technologi. 14/06/2019 27/06/2019 66.5 7.1 26.0

Reliance Nip.Lif 16/07/2019 29/07/2019 230.0 13.8 22.5

Polaris Consulta 1/8/2018 31/07/2019 480.0 2.6 25.8

Company Name Ratio Ex Bonus Date Record date

Biocon 1:1 12/6/2019 13/06/2019

Syngene Intl. 1:1 11/6/2019 12/6/2019

Stock Split

Company Name Ratio split split Record date

Cholaman.Inv.&Fn 5:1 10.0 2.0 17/06/2019

Seshasayee Paper 5:1 10.0 2.0 NA

Apcotex Industri 2.5:1 5.0 2.0 NA

Trident 10:1 10.0 1.0 NA

HDFC Bank 2:1 2.0 1.0 NA

Satia Indust. 10:1 10.0 1.0 NA


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Major stakeholder’s activity seen in May 2019


Key Highlights

Polus Global Fund purchased 4.3 lakh shares (0.4%) of Bliss GVS Pharma

Bharti (SBM) Holdings purchased 132.3 lakh shares (2.1%) of CG Power & Industrial

Jasmine Capital Investments Pte purchased 20.1 lakh shares (0.5%) of Indiabulls Housing Finance

Aditya Birla Sunlife sold 40.9 lakh shares (4.2%) of Blue Star

ICICI Prudential Life Insurance Company sold 23.1 lakh shares (2.1%) of Cyient


Company No of shares Bought/Sold Total Equity Net change % of total

(In lakhs) (In lakhs) (%)

Bliss GVS Pharma 4.3 1031.5 0.4

CG Power & Indu. 132.3 6267.5 2.1

Indiabulls Hous. 20.1 4274.0 0.5

Blue Star -40.9 963.1 -4.2

Cyient -23.1 1099.2 -2.1

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Corporate Action Tracker- June 2019


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On a month-on-month basis, the momentum related to raising money through preferential allotment was significantly subdued in May 2019.

The number of companies that raised capital through preferential allotment in May 2019 (six companies) was lower than April 2019 (13

companies). For full year CY18, 223 companies had raised capital through preferential allotment compared to 243 companies in CY17. YTD

CY19 (January 2019-May 2019), 67 companies have raised money through preferential allotment against 137 companies in January-April 2018.



Company No.of Eq. Shares Face Value Issue Price Issued To Issued Category Date of allotment

(in crore) (|) (|)

KDDL Ltd 0.02 10 292 KDDL Ltd NA 8/5/2019

Medicamen Biotec 0.05 10 485 NA Promoter and Non Promoter group 21/05/2019

India Grid Trust 29.97 100 83.89 NA Promoter/Sponsor & Non -Promoters 7/5/2019

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Corporate Action Tracker- June 2019


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Historical trend of rights and bonus issues

Number of rights issues- CNX 500 Number of bonus issues- CNX 500

Key Highlights

Of the CNX 500 companies, five used the rights issue method to raise capital in CY18 compared to seven in CY17

Total 20 companies had announced bonus issue in CY18 compared to 29 in CY17


8

28

1412 12

10

1716

29

20

4

0

5

10

15

20

25

30

35

CY09 CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17 CY18 CY19

(Upto

May

2019)Number of Bonus Issues

6

8 8

5 5

7

5

2

7

5

2

0

2

4

6

8

10

CY09

CY10

CY11

CY12

CY13

CY14

CY15

CY16

CY17

C

Y18

C

Y19 (upto

May 2019)

Number of rights Issue (CNX 500 Companies)

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Historical trend of stock splits and dividend payouts

Number of stock splits- CNX 500 Average dividend payout ratio (%) for CNX

500

Key Highlights


Post implementation of the new 10% dividend tax and accounting changes owing to implementation of Ind-As,

average dividend payout ratio has been on a downward trend with the ratio declining from 36.5% in FY15 to 19.4%

in FY18

Eight companies had announced a stock split in CY18 compared to 10 in CY17

11

39

18

7 6

12 1315

108

1

0

5

10

15

20

25

30

35

40

45

CY09 CY10 CY011 CY12 CY13 CY14 CY15 CY16 CY17 CY18 CY19

(Upto

May

2019)Number of stock Split

28.2

30.5

34.336.5

30.0

17.819.4

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

FY12 FY13 FY14 FY15 FY16 FY17 FY18

Dividend Payout Ratio

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Pankaj Pandey Head – Research [email protected]

ICICI Direct Research Desk,

ICICI Securities Limited,

1st

Floor, Akruti Trade Centre,

Road no.7, MIDC

Andheri (East)

Mumbai – 400 093

[email protected]

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ANALYST CERTIFICATION

I/We, Amit Gupta B.E, MBA (Finance), Bharat Chhoda, MBA and Cheragh Sidhwa, MBA Research Analysts, authors and the names subscribed to this report, hereby certify that all of the views expressed in this research reportaccurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.Analysts are not registered as research analysts by FINRA and are not associated persons of the ICICI Securities Inc. It is also confirmed that above mentioned Analysts of this report have not received any compensation from thecompanies mentioned in the report in the preceding twelve months and do not serve as an officer, director or employee of the companies mentioned in the report.

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Monthly Corporate Action Tracker - content.icicidirect.comcontent.icicidirect.com/mailimages/IDirect_CorporateActionTracker_Jun19.pdf · Bharti (SBM) Holdings purchased 132.3 lakh