monthly corporate action...

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Research Analyst

Monthly Corporate Action Tracker

Dossier of key corporate actions in December, 2020

Raj Deepak Singh Bharat Chhoda Cheragh Sidhwa

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

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Corporate Action Tracker - December 2020

Preferential allotment in November 2020

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Board meetings for December 2020

Major stakeholder’s activity in November 2020

Buyback, bonus and stock split for December 2020

Announced and Probable dividend1

Historical trends of corporate actions6

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Companies likely to pay dividend in December 2020

Announced dividend

Probable dividend

Source: Capitaline, ICICI Direct Research.

Source: Capitaline, ICICI Direct Research.

Company Dividend Face value Dividend Dividend Yield Ex-date

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

Hind.Aeronautics 150.0 10.00 15.0 1.7 17/12/2020

East West Holdin 0.5 10.00 0.1 0.1 17/12/2020

Jai Corp 50.0 1.00 0.5 0.5 18/12/2020

Brightcom Group 2.5 2.00 0.1 1.0 18/12/2020

Anant Raj 4.0 2.00 0.1 0.3 22/12/2020

R C F 28.4 10.00 2.8 5.4 22/12/2020

Bambino Agro Ind 16.0 10.00 1.6 0.7 22/12/2020

G M D C 100.0 2.00 2.0 4.0 22/12/2020

Company Dividend Face value Dividend Dividend Yield Ex-date

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

Borosil Renew. 65.00 1.00 0.65 1.6 18/12/2019

Nestle India 550.00 10.00 55 0.4 10/12/2019

Ingersoll-Rand 250.00 10.00 25 3.8 30/12/2019

Heidelberg Cem. 15.00 10.00 1.5 0.8 05/12/2019

Cholaman.Inv.&Fn 50.00 2.00 1 0.3 23/12/2019

Redington India 75.00 2.00 1.5 1.4 03/12/2019

R Systems Intl. 150.00 1.00 1.5 2.1 20/12/2019

Bharti Infratel 27.50 10.00 2.75 1.1 19/12/2019

Bharat Road 5.00 10.00 0.5 0.8 05/12/2019

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Board meetings scheduled in December 2020

Board meetings in December 2020

Source: Capitaline, ICICI Direct Research

Company name Meeting date Board meeting purpose

Shiva Cement 14/12/2020 EGM,Preferential Issue

Karda Construct. 15/12/2020 Private Placement Basis,Others

Majesco 15/12/2020 Interim Dividend

Spandana Sphoort 15/12/2020 Raising funds through Debt Instr.

Enkei Wheels 16/12/2020 Others

Future Enterp. 16/12/2020 Quarterly Results

PG Electroplast 16/12/2020 Raising funds through Debt Instr.

Anisha Impex 17/12/2020 Others

Prabhat Tech. 17/12/2020 Quarterly Results,Accounts

Chemcon Special. 21/12/2020 Others

Rajapalayam Mill 21/12/2020 Others

Vertoz Advertis. 22/12/2020 Stock Split

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Corporate actions announced in December 2020

Bonus issue

Tender Buyback


Stock Split



Face value before Face value after

Company Name Ratio split split Record date

APL Apollo Tubes 5:1 10.0 2.0 16/12/2020

SVP Global 10:1 10.0 1.0 NA

Company Name Ratio Ex Bonus Date Record date

Vishal Fabrics 1:2 16/12/2020 17/12/2020

Company No of shares Offer Opening Offer Closing

(in crores) Buyback Price Date Date

TCS 5.3 3000 18-12-2020 01-01-2021

Asahi Songwon 0.0 330 10/12/2020 23/12/2020

NTPC 19.8 115 07/12/2020 18/12/2020

Ajanta Pharma 0.1 1850 03/12/2020 16/12/2020

KIOCL 1.4 110 01/12/2020 14/12/2020

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Major stakeholder’s activity seen in November 2020


Key Highlights

MN Ventures (promoter) purchased 112.5 lakh shares (0.9%) of HFCL

Investment Opportunities V Pte. purchased 10.2 lakh shares (0.6%) of

Aditya Birla Sun Life AMC purchased 38.0 lakh shares (0.6%) of Crompton Gr. Con.

Smallcap World Fund sold 53.8 lakh shares (2.3%) of Greaves Cotton

Arisaig India Fund sold 72.8 lakh shares (2.0%) of Trent

Moneyline Portfolio Investments sold 60.2 lakh shares (2.2%) of Max Financial

HDFC Asset Management Company sold 198.3 lakh shares (2.1%) of Tata Steel

HDFC Asset Management Company sold 67.7 lakh shares (2.0%) of Aarti Industries

Aditya Birla Sun Life AMC sold 6.0 lakh shares (2.0%) of CARE Ratings

Morgan Stanley Asia Singapore sold 75.8 lakh shares (1.7%) of Indiabulls Real Estate


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

(In lakhs) (In lakhs) (%)

HFCL 112.5 12843.8 0.9

PNB Housing 10.2 1681.9 0.6

Crompton Gr. Con 38.0 6273.6 0.6

Greaves Cotton -53.8 2312.1 -2.3

Trent -72.8 3554.9 -2.0

Max Financial -60.2 3450.3 -2.2

Tata Steel -198.3 11264.9 -2.1

Aarti Industries -67.7 1742.3 -2.0

CARE Ratings -6.0 294.6 -2.0

Indbull.RealEst. -75.8 4546.6 -1.7

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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 November 2020. Total 20 companies raised capital through the preferential allotment route in November 2020 compared to 16

companies in October 2020. RBL Bank, CG Power and Industries, Inox Leisure, Bharti Infratel and Tube Investments were among the major

companies that raised capital through preferential allotment in November 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 YTD CY20 (up to November) , 134 companies have raised capital through preferential allotment.

Preferential allotment in September 2020


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

(in crore) (|) (|)

CG Power & Indu. 64.25 2 8.56 Tube Investments of India Ltd NA 26/11/2020

Tilaknagar Inds. 0.24 10 24.36 EARC Trust SC233 Non Promoter 13/11/2020



HLE Glascoat 0.01 10 1385 Malabar India Fund Ltd NA 03/11/2020

RBL Bank 8.85 10 177 Maple II B.V. NA 12/11/2020

Inox Leisure 0.98 10 255 NA QIBs 12/11/2020

Artemis Medicare 0.07 10 0 Devlina Chakravarty Managing Director 05/11/2020

Bharti Infratel 8.75 10 0 Asia Holding Investments NA 19/11/2020

Bharti Infratel 75.78 10 0 Vodafone group NA 19/11/2020

Tube Investments 0.05 1 731.7 SBI Magnum Midcap Fund NA 26/11/2020

Tube Investments 0.15 1 731.7 SBI Mutual Fund NA 26/11/2020

Tube Investments 0.27 1 731.7 Azim Premji Trust NA 26/11/2020

Tube Investments 64.25 2 8.56 CG Power and Industrial Solutions Ltd NA 26/11/2020

Dhanvarsha Finv. 0.09 10 111.3 NA Promoter 03/11/2020

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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, three used the rights issue method to raise capital in CY19 compared to five in CY18

Total 16 companies had announced bonus issue in CY19 compared to 20 in CY17


6

8 8

5 5

7

5

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7

5

3

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0

2

4

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8

10

CY09

CY10

CY11

CY12

CY13

CY14

CY15

CY16

CY17

C

Y18

C

Y19

CY20 (U

pto N

ov

2020)

Number of rights Issue (CNX 500 Companies)

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28

1412 12

10

1716

29

20

16

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0

5

10

15

20

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30

35

CY09

CY10

CY11

CY12

CY13

CY14

CY15

CY16

CY17

CY18

CY19

CY20 (upto

Nov 2020)

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


Four companies had announced a stock split in CY19 compared to eight in CY18

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39

18

7 6

12 1315

108

46

0

5

10

15

20

25

30

35

40

45

CY09

CY10

CY011

CY12

CY13

CY14

CY15

CY16

CY17

CY18

CY19

CY20 (U

pto N

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2020)

Number of stock Split

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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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.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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