monthly corporate action trackercontent.icicidirect.com/mailimages/idirect_corporate... · 2021. 1....

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Research Analyst

Monthly Corporate Action Tracker

Dossier of key corporate actions in January, 2021

Raj Deepak Singh Bharat Chhoda Cheragh Sidhwa

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

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Corporate Action Tracker - January 2021

Preferential allotment in December 2020

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Board meetings for January 2021

Major stakeholder’s activity in December 2020

Right issue and stock split for January 2021

Announced and Probable dividend1

Historical trends of corporate actions6

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Companies likely to pay dividend in January 2021

Announced dividend

Source: Capitaline, ICICI Direct Research.

Probable dividend

Source: Capitaline, ICICI Direct Research.

Company Dividend Face value Dividend Dividend Yield Ex-date

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

TCS 600.0 1.0 6.0 0.2 14-01-2021

Company Dividend Face value Dividend Dividend Yield Ex-date

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

Wipro 50.00 2.0 1.0 0.4 24/01/2020

GMM Pfaudler 50.00 2.0 1.0 0.0 30/01/2020

TCS 500.00 1.0 5.0 0.2 23/01/2020

HCL Technologies 100.00 2.0 2.0 0.3 24/01/2020

Granules India 25.00 1.0 0.3 0.2 30/01/2020

Delta Corp 75.00 1.0 0.8 0.4 22/01/2020

Rites 60.00 10.0 6.0 2.0 9/1/2020

Motil.Oswal.Fin. 400.00 1.0 4.0 0.5 31/01/2020

Sharda Cropchem 20.00 10.0 2.0 0.9 31/01/2020

IIFL Wealth Mgt 500.00 2.0 10 0.8 29/01/2020

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Board meetings scheduled in January 2021

Board meetings in January 2021

Source: Capitaline, ICICI Direct Research

Company name Meeting date Board meeting purpose

Infosys 13/01/2021 Quarterly Results,Accounts

Wipro 13/01/2021 Quarterly Results,Interim Dividend

CESC 13/01/2021 Quarterly Results,Interim Dividend

Varroc Engineer 13/01/2021 Issue of Equity Shares

GTPL Hathway 13/01/2021 Quarterly Results

5Paisa Capital 13/01/2021 Quarterly Results

HFCL 14/01/2021 Quarterly Results

Den Networks 14/01/2021 Quarterly Results

Tata Steel Long 14/01/2021 Accounts

Kesoram Inds. 14/01/2021 Raising funds through Debt Instr.

Rel. Indl. Infra 14/01/2021 Quarterly Results

HCL Technologies 15/01/2021 Quarterly Results,Interim Dividend

GAIL (India) 15/01/2021 Buy Back,Interim Dividend

L&T Fin.Holdings 15/01/2021 Quarterly Results

V-Guard Industri 15/01/2021 Others

PVR 15/01/2021 Quarterly Results

Hathway Cable 15/01/2021 Quarterly Results

Shoppers Stop 15/01/2021 Quarterly Results

3i Infotech 15/01/2021 Issue of Preference Shares

Yaarii Digital 15/01/2021 Quarterly Results

Plastiblends (I) 15/01/2021 Quarterly Results

HDFC Bank 16/01/2021 Quarterly Results

IRB InvIT Fund 16/01/2021 Quarterly Results

Apollo Pipes 16/01/2021 Quarterly Results



Mindtree 18/01/2021 Quarterly Results

Indiamart Inter. 18/01/2021 Others

Alok Industries 18/01/2021 Quarterly Results

Trident 18/01/2021 Quarterly Results

Rallis India 18/01/2021 Quarterly Results

Mah. Scooters 18/01/2021 Quarterly Results

IRB Infra.Devl. 18/01/2021 Others

Snowman Logistic 18/01/2021 Quarterly Results

Shakti Pumps 18/01/2021 Quarterly Results

Vishwaraj Sugar 18/01/2021 Quarterly Results

L & T Infotech 19/01/2021 Quarterly Results

ICICI Lombard 19/01/2021 Quarterly Results

Alembic Pharma 19/01/2021 Quarterly Results

Hatsun AgroProd. 19/01/2021 Quarterly Results

DCM Shriram 19/01/2021 Quarterly Results,Interim Dividend

CEAT 19/01/2021 Quarterly Results

Tata Steel BSL 19/01/2021 Others

CSB Bank 19/01/2021 Quarterly Results

Gateway Distr. 19/01/2021 Quarterly Results

Wardwizard Inno. 19/01/2021 Quarterly Results

Mold-Tek Pack. 19/01/2021 Quarterly Results

Vardhman Special 19/01/2021 Quarterly Results

Bajaj Finance 20/01/2021 Quarterly Results

Bajaj Finserv 20/01/2021 Quarterly Results


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HDFC AMC 20/01/2021 Quarterly Results

Havells India 20/01/2021 Quarterly Results,Interim Dividend

L&T Technology 20/01/2021 Quarterly Results

Syngene Intl. 20/01/2021 Quarterly Results

Federal Bank 20/01/2021 Quarterly Results

Sterlite Tech. 20/01/2021 Others

VST Industries 20/01/2021 Quarterly Results

GMM Pfaudler 20/01/2021 Quarterly Results,Interim Dividend

Phillips Carbon 20/01/2021 Quarterly Results

Newgen Software 20/01/2021 Quarterly Results

Agro Tech Foods. 20/01/2021 Quarterly Results

Sagar Cements 20/01/2021 Quarterly Results,Interim Dividend

Sasken Technol. 20/01/2021 Accounts

Tejas Networks 20/01/2021 Quarterly Results

Confidence Petro 20/01/2021 Others

Indo Rama Synth. 20/01/2021 Quarterly Results

Everest Inds. 20/01/2021 Quarterly Results

Asian Paints 21/01/2021 Quarterly Results

Bajaj Auto 21/01/2021 Quarterly Results

Biocon 21/01/2021 Quarterly Results

Bajaj Holdings 21/01/2021 Quarterly Results

SRF 21/01/2021 Quarterly Results,Interim Dividend

Mphasis 21/01/2021 Quarterly Results

Jindal Steel 21/01/2021 Others


AAVAS Financiers 21/01/2021 Quarterly Results

Westlife Develop 21/01/2021 Others

Cyient 21/01/2021 Quarterly Results

Zensar Tech. 21/01/2021 Quarterly Results,Interim Dividend

Supreme Petroch. 21/01/2021 Quarterly Results

C P C L 21/01/2021 Quarterly Results

South Ind.Bank 21/01/2021 Others

Kirl.Pneumatic 21/01/2021 Others

Genus Power 21/01/2021 Quarterly Results

Rajratan Global 21/01/2021 Others

Oriental Hotels 21/01/2021 Quarterly Results

HDFC Life Insur. 22/01/2021 Quarterly Results

JSW Steel 22/01/2021 Quarterly Results

SBI Life Insuran 22/01/2021 Others

Yes Bank 22/01/2021 Nine Months Results

Gland Pharma 22/01/2021 Quarterly Results

Century Textiles 22/01/2021 Others

Guj. Ambuja Exp 22/01/2021 Others

Ramkrishna Forg. 22/01/2021 Quarterly Results

Swaraj Engines 22/01/2021 Quarterly Results

Supreme Inds. 23/01/2021 Quarterly Results

JM Financial 23/01/2021 Quarterly Results

DCB Bank 23/01/2021 Quarterly Results

Mahindra Life. 23/01/2021 Quarterly Results

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Larsen & Toubro 25/01/2021 Quarterly Results

Navin Fluo.Intl. 25/01/2021 Quarterly Results

Can Fin Homes 25/01/2021 Quarterly Results

Kirl. Ferrous 25/01/2021 Quarterly Results

Axis Bank 27/01/2021 Quarterly Results

Marico 27/01/2021 Others

United Spirits 27/01/2021 Quarterly Results

Emami 27/01/2021 Quarterly Results

Nippon Life Ind. 27/01/2021 Quarterly Results,Interim Dividend

Quess Corp 27/01/2021 Others

Lak. Mach. Works 27/01/2021 Quarterly Results

Balaji Amines 27/01/2021 Quarterly Results

Sh. Digvijay Cem 27/01/2021 Quarterly Results,Nine Months Results

Mahindra EPC 27/01/2021 Quarterly Results

Pidilite Inds. 28/01/2021 Quarterly Results

Lupin 28/01/2021 Others

Colgate-Palmoliv 28/01/2021 Quarterly Results

Bharat Electron 28/01/2021 Quarterly Results,Interim Dividend

M & M Fin. Serv. 28/01/2021 Quarterly Results

Cummins India 28/01/2021 Others

Blue Dart Expres 28/01/2021 Quarterly Results

Prism Johnson 28/01/2021 Quarterly Results

KPIT Technologi. 28/01/2021 Quarterly Results

Sudarshan Chem. 28/01/2021 Quarterly Results


Tata Coffee 28/01/2021 Quarterly Results

GHCL 28/01/2021 Quarterly Results

Nucleus Soft. 28/01/2021 Quarterly Results

NxtDigital 28/01/2021 Quarterly Results

Cigniti Tech. 28/01/2021 Quarterly Results

Punjab Chemicals 28/01/2021 Quarterly Results

L G Balakrishnan 28/01/2021 Accounts

EIH Assoc.Hotels 28/01/2021 Quarterly Results

Sun Pharma.Inds. 29/01/2021 Quarterly Results

Dabur India 29/01/2021 Quarterly Results

Dr Reddy's Labs 29/01/2021 Quarterly Results

Tata Motors 29/01/2021 Quarterly Results

Cipla 29/01/2021 Quarterly Results

Cholaman.Inv.&Fn 29/01/2021 Quarterly Results

Atul 29/01/2021 Quarterly Results

Exide Inds. 29/01/2021 Others

Manappuram Fin. 29/01/2021 Quarterly Results,Interim Dividend

Persistent Sys 29/01/2021 Quarterly Results,Interim Dividend

Blue Star 29/01/2021 Quarterly Results

Heritage Foods 29/01/2021 Quarterly Results

TajGVK Hotels 29/01/2021 Quarterly Results

Kokuyo Camlin 29/01/2021 Others

ICICI Bank 30/01/2021 Quarterly Results

Tech Mahindra 30/01/2021 Quarterly Results

IDFC First Bank 30/01/2021 Quarterly Results

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Corporate actions announced in January 2021

Stock split

Right issue



Face value before Face value after

Company Name Ratio split split Record date

SVP Global 10:1 10.0 1.0 15/01/2021

Bannari Amm Spg. 2:1 10.0 5.0 NA

Marine Electric. 5:1 10.0 2.0 NA

Company Name Ratio Ex right Date Issue Price

Urja Global 7:71 14-01-2021 5.0

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Major stakeholder’s activity seen in December 2020


Key Highlights

Balkrishna Goenka Trustee of Welspun Group Master Trust purchased 40.0 lakh shares (1.5%) of Welspun Corp

Pabrai Investment Fund 3 Ltd & PACs purchased 190.5 lakh shares (2.0%) of Edelweiss Fin.

Murugappa Group & PACs (promoter) sold 58.5 lakh shares (2.0%) of Coromandel Int

Sipadan Investments (Mauritius) Ltd sold 292.7 lakh shares (1.8%) of IDFC

HDFC Asset Management Company sold 22.8 lakh shares (2.2%) of Inox Leisure

Multiples Private Equity Fund I sold 12.0 lakh shares (2.2%) of PVR

ACACIA II Partners LP, & PACs sold 67.7 lakh shares (1.4%) of BIrlasoft


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

(In lakhs) (In lakhs) (%)

Welspun Corp 40.0 2608.8 1.5

Edelweiss.Fin. 190.5 9349.9 2.0

Coromandel Inter -58.5 2932.4 -2.0

I D F C -292.7 15963.6 -1.8

Inox Leisure -22.8 1126.6 -2.0

PVR -12.0 551.7 -2.2

Birlasoft Ltd -39.9 2771.2 -1.4

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On a month on month (MoM) basis, the momentum related to raising money (in terms of number of companies) through preferential allotment

improved in December 2020. Total 22 companies raised capital through the preferential allotment route in December 2020 compared to 20

companies in November 2020. Punjab National Bank, IDBI Bank, Canara Bank, Bajaj Electrical and Max Financial were among major companies

that raised capital through preferential allotment in December 2020. Overall, preferential allotment has declined as a funding route over CY17-

19. For full year CY18, 223 companies had raised capital through preferential allotment compared to 243 companies in CY17 and 142

companies for CY19. For CY20, 156 companies have raised capital through preferential allotment.



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

(in crore) (|) (|)

Bajaj Electrical 0.05 2 NA NA Promoter and Promoter Group 15/12/2020

Borosil Renew. 1.58 10 126.55 NA Qualified Institutional Buyers 17/12/2020

CG Power & Indu. 6.87 2 14.55 Reserve Bank of India Promoters 19/12/2020

Max Financial 7.55 2 565.11 Mitsui Sumitomo Insurance Company Ltd NA 08-12-2020

HLE Glascoat 0.02 10 1385 Malabar India Fund Limited NA 10-12-2020

HLE Glascoat 0.03 10 1385 NA NA 10-12-2020

Sky Industries 0.04 10 30 NA NA 03-12-2020

The Invest.Trust 0.05 10 NA NA NA 31/12/2020

IDBI Bank 37.18 10 38.6 NA Qualified Institutions Placement 19/12/2020

Canara Bank 19.32 10 103.5 NA Qualified institutional buyers 11-12-2020

Punjab Natl.Bank 106.71 2 35.5 NA Qualified Institutional Buyers 21/12/2020

Minda Corp 1.19 2 70 Phi Capital Trust Non-Promoter 01-12-2020

Niyogin Fintech 0.08 10 NA Debashis Mohapatra Non Promoter 17/12/2020

Niyogin Fintech 0.08 10 NA Amit Tyagi Non Promoter 17/12/2020

Niyogin Fintech 0.08 10 NA Sanjib Parida Non Promoter 17/12/2020

Niyogin Fintech 0.08 10 NA Umakant Sahoo Non Promoter 17/12/2020

Niyogin Fintech 0.40 10 NA Debiprasad Sarangi Non Promoter 17/12/2020

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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, 10 used the rights issue method to raise capital in CY20 compared to three in CY19

Total five companies had announced bonus issue in CY20 compared to 16 in CY19


6

8 8

5 5

7

5

2

7

5

3

10

0

2

4

6

8

10

12

CY09

CY10

CY11

CY12

CY13

CY14

CY15

CY16

CY17

C

Y18

C

Y19

CY20

Number of rights Issue (CNX 500 Companies)

8

28

1412 12

10

1716

29

20

16

5

0

5

10

15

20

25

30

35

CY09

CY10

CY11

CY12

CY13

CY14

CY15

CY16

CY17

CY18

CY19

CY20

Number of Bonus Issues

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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


Seven companies had announced a stock split in CY20 compared to four in CY19

31.9

36.2 36.1 35.838.2

35.7

40.6

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

FY14 FY15 FY16 FY17 FY18 FY19 FY20

Dividend Payout Ratio

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39

18

7 6

12 1315

108

47

0

5

10

15

20

25

30

35

40

45

CY09

CY10

CY011

CY12

CY13

CY14

CY15

CY16

CY17

CY18

CY19

CY20

Number of stock Split

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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, Raj Deepak Singh 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. It isalso confirmed that above mentioned Analysts of this report have not received any compensation from the companies mentioned in the report in the preceding twelve months and do not serve as an officer, director or employeeof the companies mentioned in the report.

Terms & conditions and other disclosures:

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jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.

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