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Research Analyst

Monthly Corporate Action Tracker

Dossier of key corporate actions in September, 2019

Amit Gupta Bharat Chhoda Cheragh Sidhwa

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

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Corporate Action Tracker - September 2019

Preferential allotment in August 2019

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Board meetings and AGM for September 2019

Major stakeholder’s activity in August 2019

Bonus issue, stock split, open offer and buyback for September 2019

Announced and Probable dividend1

Historical trends of corporate actions6

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Companies likely to pay dividend in September 2019

Announced dividend Announced dividend

Source: Capitaline, ICICI Direct Research


Company Dividend Face value Dividend Dividend Yield Ex-date

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

Bliss GVS Pharma 100 1.00 1 0.9 12/9/2019

Jubilant Life 450 1.00 4.5 1.0 12/9/2019

Apollo Hospitals 120 5.00 6 0.4 12/9/2019

Finolex Inds. 100 10.00 10 1.9 12/9/2019

H U D C O 1.5 10.00 0.15 0.4 12/9/2019

NHPC Ltd 7.5 10.00 0.75 3.1 12/9/2019

NBCC 65 1.00 0.65 1.8 12/9/2019

Indraprastha Gas 120 2.00 2.4 0.7 12/9/2019

Guj.St.Petronet 20 10.00 2 0.9 12/9/2019

Kolte Patil Dev. 10 10.00 1 0.4 12/9/2019

Gujarat Gas 50 2.00 1 0.6 12/9/2019

Dishman Carbogen 10 2.00 0.2 0.1 12/9/2019

Godfrey Phillips 500 2.00 10 1.0 13/09/2019

Himatsing. Seide 30 5.00 1.5 1.1 13/09/2019

Himatsing. Seide 70 5.00 3.5 2.5 13/09/2019

R C F 7.7 10.00 0.77 1.8 16/09/2019

Jubilant Food. 50 10.00 5 0.4 16/09/2019

Himadri Specialt 15 1.00 0.15 0.2 17/09/2019

Phoenix Mills 150 2.00 3 0.4 17/09/2019

Prestige Estates 15 10.00 1.5 0.5 17/09/2019

Sadbhav Engg. 100 1.00 1 0.7 17/09/2019


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

Relaxo Footwear 90 1.00 0.9 0.2 18/09/2019

Engineers India 15 5.00 0.75 0.7 18/09/2019

Guj Alkalies 80 10.00 8 1.9 19/09/2019

H F C L 10 1.00 0.1 0.5 19/09/2019

Radico Khaitan 60 2.00 1.2 0.4 19/09/2019

MMTC 30 1.00 0.3 1.5 19/09/2019

BEML Ltd 25 10.00 2.5 0.3 19/09/2019

Vakrangee 25 1.00 0.25 0.8 19/09/2019

SJVN 6.5 10.00 0.65 2.6 19/09/2019

APL Apollo 140 10.00 14 1.1 19/09/2019

CARE Ratings 120 10.00 12 2.2 19/09/2019

Minda Corp 22.5 2.00 0.45 0.5 19/09/2019

Bharat Dynamics 16.7 10.00 1.67 0.6 19/09/2019

Glenmark Pharma. 200 1.00 2 0.5 19/09/2019

Jagran Prakashan 175 2.00 3.5 5.0 19/09/2019

Repco Home Fin 25 10.00 2.5 0.8 19/09/2019

Omaxe 7 10.00 0.7 0.4 19/09/2019

Time Technoplast 90 1.00 0.9 1.4 19/09/2019

Jai Corp 50 1.00 0.5 0.6 20/09/2019

Sunteck Realty 150 1.00 1.5 0.3 20/09/2019

G M D C 100 2.00 2 3.0 20/09/2019

PTC India 40 10.00 4 6.7 20/09/2019

KNR Construct. 20 2.00 0.4 0.2 20/09/2019

ICRA 300 10.00 30 1.1 24/09/2019

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Companies likely to pay dividend in September 2019

Probable dividend Probable dividend




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

Reliance Infra. 95.00 10.00 9.5 2.2 12/9/2018

Finolex Cables 200.00 2.00 4 0.7 12/9/2018

Hindalco Inds. 120.00 1.00 1.2 0.5 12/9/2018

Vardhman Textile 150.00 10.00 15 1.5 12/9/2018

Jain Irrigation 50.00 2.00 1 1.2 12/9/2018

Reliance Capital 110.00 10.00 11 2.6 12/9/2018

Oil India 10.00 10.00 1 0.5 12/9/2018

DLF 40.00 2.00 0.8 0.4 12/9/2018

Reliance Nip.Lif 10.00 10.00 1 0.4 12/9/2018

MOIL 25.00 10.00 2.5 1.3 12/9/2018

Strides Pharma 20.00 10.00 2 0.4 12/9/2018

Ramkrishna Forg. 10.00 10.00 1 0.2 12/9/2018

NIIT Tech. 150.00 10.00 15 1.1 12/9/2018

Reliance Home 10.00 10.00 1 1.5 12/9/2018

Gulf Oil Lubric. 325.00 2.00 6.5 0.8 14/09/2018

Mah. Seamless 120.00 5.00 6 1.3 17/09/2018

Sun Pharma.Inds. 200.00 1.00 2 0.3 17/09/2018


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

REC Ltd 17.50 10.00 1.75 1.5 17/09/2018

Thomas Cook (I) 37.50 1.00 0.375 0.2 18/09/2018

VST Inds. 775.00 10.00 77.5 2.5 18/09/2018

Jindal Saw 60.00 2.00 1.2 1.3 18/09/2018

Hind.Copper 5.00 5.00 0.25 0.4 18/09/2018

Caplin Point Lab 100.00 2.00 2 0.4 18/09/2018

Cox & Kings 20.00 5.00 1 0.5 18/09/2018

PVR 20.00 10.00 2 0.1 18/09/2018

Lux Industries 100.00 2.00 2 0.1 18/09/2018

Dilip Buildcon 10.00 10.00 1 0.1 18/09/2018

Jamna Auto Inds. 55.00 1.00 0.55 0.7 19/09/2018

O N G C 27.00 5.00 1.35 0.8 19/09/2018

I T D C 18.50 10.00 1.85 0.5 19/09/2018

Rajesh Exports 100.00 1.00 1 0.1 19/09/2018

Motil.Oswal.Fin. 450.00 1.00 4.5 0.6 19/09/2018

PNC Infratech 25.00 2.00 0.5 0.3 19/09/2018

PC Jeweller 5.00 10.00 0.5 0.6 19/09/2018

Infibeam Avenues 10.00 1.00 0.1 0.0 19/09/2018

Fine Organic 140.00 5.00 7 0.7 19/09/2018

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Board meetings and AGM scheduled in September 2019

Board meetings in September 2019


AGM in September 2019


Company name Event Date Event Type Event Location

GMR Infra. 16/09/2019 AGM Mumbai

Gromo Trade 16/09/2019 AGM Mumbai

Adhunik Indus. 16/09/2019 AGM Kolkata

Inox Wind 17/09/2019 AGM Himachal Pradesh

Gulf Oil Lubric. 17/09/2019 AGM Mumbai

GFL 18/09/2019 AGM Gujarat

Inox Leisure 18/09/2019 AGM Vadodara

Ashoka Buildcon 18/09/2019 AGM Nashik

Kewal Kir.Cloth. 18/09/2019 AGM Mumbai

Force Motors 19/09/2019 AGM Pune

Heidelberg Cem. 19/09/2019 AGM Haryana

GIC Housing Fin 19/09/2019 AGM Mumbai

Hindustan Media 19/09/2019 AGM Patna

Bajaj Hindusthan 20/09/2019 AGM Uttar Pradesh

H U D C O 25/09/2019 AGM New Delhi

Engineers India 26/09/2019 AGM Haryana

G S F C 27/09/2019 AGM Vadodara

Action Const.Eq. 27/09/2019 AGM Haryana

ICRA 28/09/2019 AGM New Delhi

Company name Meeting date Board meeting purpose

L&T Fin.Holdings 11/9/2019 Raising funds through Debt Instr.

Man Infra 11/9/2019 Others

Arman Financial 12/9/2019 Quarterly Results

Centrum Capital 12/9/2019 Quarterly Results

Acrysil 13/09/2019 Others

Canara Bank 13/09/2019 Scheme of Amalgamation,Preferential Issue

IndiaNivesh 13/09/2019 Others

Sastasundar Ven. 13/09/2019 Quarterly Results

Finkurve Fin. 14/09/2019 Quarterly Results

Hind.Composites 14/09/2019 Others

Nalwa Sons Invst 14/09/2019 Quarterly Results

Nilkanth Engg 14/09/2019 Quarterly Results

Bajaj Fin. 17/09/2019 Raising funds through Debt Instr.

Balmer Lawrie 17/09/2019 Bonus Issue

Guj Alkalies 27/09/2019 Amendments in Memorandum of Assoc.

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Corporate actions announced in September 2019

Stock Split

Bonus issue



Company Name Ratio Ex Bonus Date Record date

Rajratan Global 4:3 11/9/2019 12/9/2019

Astral Poly 1:4 16/09/2019 17/09/2019

Face value before Face value after

Company Name Ratio split split Record date

HDFC Bank 2:1 2.0 1.0 20/09/2019

Ongoing open offer

Offer Start Offer Close Offer Price Proposed Acquisition Proposed Acquisition

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

Linde India 3/9/2019 17/09/2019 478.4 2.1 25.0


Buyback offer

Company No of shares Offer Opening Offer Closing

(in crores) Buyback Price Date Date

BSE 0.68 680 30/08/2019 16/09/2019

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Major stakeholder’s activity seen in August 2019


Key Highlights

HDFC Asset Management purchased 17.0 lakh shares (2.5%) of T N Newsprint

HDFC Mutual Fund purchased 5.7 lakh shares (0.6%) of Bajaj Electrical

APG Asset Management purchased 6.8 lakh shares (0.8%) of Parag Milk Foods

FMR LLC sold 334.1 lakh shares (6.6%) of LIC Housing Finance

Jupiter Asset Management sold 23.8 lakh shares (0.9%) of Reliance Capital

Maplewood Investments sold 532.2 lakh shares (6.7%) of Lemon Tree Hotel

Radhakishan Shivkishan Damani (promoter) sold 62.3 lakh shares (1.0%) of Avenue Supermarts

Ashoka Investment Holdings sold 41.0 lakh shares (2.0%) of Narayana Hrudayalaya

Wasatch Advisors sold 1.0 lakh shares (0.6%) of V-Mart Retail


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

(In lakhs) (In lakhs) (%)

T N Newsprint 17.0 692.1 2.5

Bajaj Electrical 5.7 1024.4 0.6

Parag Milk Foods 6.8 841.1 0.8

LIC Housing Fin. -334.1 5046.6 -6.6

Reliance Capital -23.8 2527.1 -0.9

Lemon Tree Hotel -532.2 7922.5 -6.7

Avenue Super. -62.3 6240.8 -1.0

Narayana Hrudaya -41.0 2043.6 -2.0

V-Mart Retail -1.0 181.5 -0.6

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On a month-on-month basis, the momentum related to raising money (in terms of number of companies) through preferential allotment marginally improved in August 2019. 11 companies raised capital through preferential allotment route in August compared to 9 companies in July. However, six companies are below market capitalisation of | 500 crore. Trent, Max Financial, Kalpataru Power & Yes Bank were the prominent companies that raised capital through preferential allotment in August 2019. For full year CY18, 223 companies had raised capital through preferential allotment compared to 243 companies in CY17 and 96 companies for YTD FY19.



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

(in crore) (|) (|)

Trent 2.32 1 410 Tata Sons Pvt Ltd Promoter 6/8/2019

Max Financial 7.36 2 421.67 Mitsui Sumitomo Insurance Co.Ltd Promoter 6/8/2019

Marsons 12.00 0 0 Yashoda Inn Private Limited & Silvertoss Shoppers Pvt.Ltd. NA 6/8/2019

Kalpataru Power 0.13 2 515.25 Tana India Pvt Equity Fund II Promoter & Promoter Group 12/8/2019

Balaxi Ventures 0.70 10 20 Balaxi Overseas Pvt Ltd & PACs Strategic Investors 9/8/2019

Aspira Pathlab 0.38 10 26 NA NA 21/08/2019

Jai Balaji Inds. 1.41 10 0 Edelweiss Asset Reconstruction Company Ltd QIP 14/08/2019

Yes Bank 23.11 2 83.55 NA NA 15/08/2019

Inditrade Cap. 1.00 10 0 NA NA 6/8/2019

Kiri Indus. 0.23 10 0 LTS Investment Funds Ltd Non Promoter 12/8/2019

Niyogin Fintech 0.11 0 0 NA NA 19/08/2019

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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


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

Aug 2019)

Number of rights Issue (CNX 500 Companies)

8

28

1412 12

10

1716

29

20

13

0

5

10

15

20

25

30

35

CY09 CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17 CY18 CY19

(Upto

Aug

2019)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


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

11

39

18

7 6

12 1315

108

2

0

5

10

15

20

25

30

35

40

45

CY09 CY10 CY011 CY12 CY13 CY14 CY15 CY16 CY17 CY18 CY19

(Upto

Aug

2019)Number of stock Split

20.4

25.227.1

28.129.2

31.132.5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

FY13 FY14 FY15 FY16 FY17 FY18 FY19

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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