monthly corporate action tracker - icici...

Monthly Corporate Action Tracker

- Dossier of key corporate actions in January, 2019

January 10, 2019

Research Analyst:

Amit Gupta Bharat Chhoda Cheragh Sidhwa

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

2

Deal Team – At Your ServiceCorporate Action Tracker- January 2019

Preferential allotment in December 2018

2

3

4

5

Board meetings for January 2019

Major stakeholder’s activity in December 2018

Stock split and open offer for January 2019

Announced/Probable dividend1

Historical trends of corporate actions6

Companies likely to pay dividend in January 2019

3

Source: Capitaline, ICICI Direct Research

Probable dividend

Last year Wipro, Gail , TCS,

Bharti Airtel and HCL Tech had

declared dividend in January

Announced dividend

Company Dividend Face value Dividend Dividend Yield

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

Siemens 350 2.00 7 0.7 28/01/2019

Ex-date


Company Dividend Face value Dividend Dividend Yield

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

Wipro 50 2.00 1 0.3 31/01/2018

JM Financial 70 1.00 0.7 0.4 31/01/2018

Reliance Nip.Lif 50 10.00 5 1.8 31/01/2018

Shree Cement 200 10.00 20 0.1 18/01/2018

GAIL (India) 76.5 10.00 7.65 2.2 18/01/2018

TCS 700 1.00 7 0.4 22/01/2018

Bajaj Corp 1200 1.00 12 2.5 22/01/2018

Mindtree 20 10.00 2 0.3 24/01/2018

HCL Technologies 100 2.00 2 0.2 29/01/2018

Zensar Tech. 50 2.00 1 0.5 30/01/2018

Cyient 80 5.00 4 0.6 30/01/2018

Bharti Airtel 56.8 5.00 2.84 0.6 30/01/2018

Last Years

Ex-date

4



2

3

4

5






Board meetings scheduled in January 2019

5

Board meetings in January 2019


Company Name Meeting Date Board Meeting purpose

Infosys 11/1/2019 Quarterly Results

Karnataka Bank 11/1/2019 Quarterly Results

Avenue Super. 12/1/2019 Quarterly Results

J & K Bank 12/1/2019 Quarterly Results

Tata Sponge Iron 12/1/2019 Quarterly Results

GNA Axles 12/1/2019 Quarterly Results

ICICI Sec 14/01/2019 Quarterly Results

Tata Metaliks 14/01/2019 Quarterly Results

Prakash Inds. 14/01/2019 Quarterly Results

Zee Entertainmen 15/01/2019 Quarterly Results

KPIT Tech. 15/01/2019 Quarterly Results

Multi Comm. Exc. 15/01/2019 Quarterly Results

Trident 15/01/2019 Quarterly Results,Interim Dividend

India Grid Trust 15/01/2019 Quarterly Results

Tinplate Co. 15/01/2019 Quarterly Results

Hindustan Media 15/01/2019 Quarterly Results

Jay Bharat Mar. 15/01/2019 Quarterly Results

Mindtree 16/01/2019 Quarterly Results,Interim Dividend

Motil.Oswal.Fin. 16/01/2019 Quarterly Results

DCB Bank 16/01/2019 Others

Phillips Carbon 16/01/2019 Quarterly Results

H T Media 16/01/2019 Quarterly Results

Hind. Unilever 17/01/2019 Quarterly Results

Federal Bank 17/01/2019 Quarterly Results

AU Small Finance 17/01/2019 Quarterly Results

L&T Technology 17/01/2019 Quarterly Results



Cyient 17/01/2019 Quarterly Results

Rallis India 17/01/2019 Quarterly Results

Geojit Fin. Ser. 17/01/2019 Quarterly Results

Wipro 18/01/2019 Quarterly Results,Interim Dividend

SBI Life Insuran 18/01/2019 Quarterly Results

ICICI Lombard 18/01/2019 Quarterly Results

L & T Infotech 18/01/2019 Quarterly Results

Atul 18/01/2019 Quarterly Results

NIIT Tech. 18/01/2019 Quarterly Results

3i Infotech 18/01/2019 Quarterly Results

HDFC Bank 19/01/2019 Quarterly Results

HDFC AMC 21/01/2019 Quarterly Results

L&T Fin.Holdings 21/01/2019 Quarterly Results

Coromandel Inter 21/01/2019 Quarterly Results

Zensar Tech. 21/01/2019 Others

GHCL 21/01/2019 Quarterly Results

Sasken Technol. 21/01/2019 Quarterly Results

Asian Paints 22/01/2019 Quarterly Results

HDFC Stand. Life 22/01/2019 Quarterly Results

ICICI Pru Life 22/01/2019 Quarterly Results

TVS Motor Co. 22/01/2019 Quarterly Results

Alembic Pharma 22/01/2019 Quarterly Results

Syngene Intl. 22/01/2019 Quarterly Results

Agro Tech Foods. 22/01/2019 Quarterly Results

Kirloskar Indus. 22/01/2019 Quarterly Results

Rane (Madras) 22/01/2019 Quarterly Results,Interim Dividend



6






Pidilite Inds. 23/01/2019 Quarterly Results

Radico Khaitan 23/01/2019 Quarterly Results

Can Fin Homes 23/01/2019 Quarterly Results

Navin Fluo.Intl. 23/01/2019 Quarterly Results

Tejas Networks 23/01/2019 Quarterly Results

Everest Inds. 23/01/2019 Quarterly Results

UltraTech Cem. 24/01/2019 Quarterly Results

Colgate-Palm. 24/01/2019 Quarterly Results

Mphasis 24/01/2019 Quarterly Results

PNB Housing 24/01/2019 Quarterly Results

ICRA 24/01/2019 Quarterly Results

Newgen Software 24/01/2019 Others

Zee Media 24/01/2019 Quarterly Results

Kokuyo Camlin 24/01/2019 Quarterly Results

Punjab Chemicals 24/01/2019 Quarterly Results

Bharat Bijlee 24/01/2019 Quarterly Results

Century Enka 24/01/2019 Quarterly Results

ION Exchange 24/01/2019 Quarterly Results

M & M Fin. Serv. 25/01/2019 Quarterly Results

Sundaram Clayton 25/01/2019 Quarterly Results,Interim Dividend

G S F C 25/01/2019 Quarterly Results

JTEKT India 25/01/2019 Quarterly Results

Swaraj Engines 25/01/2019 Quarterly Results

Kirl. Brothers 25/01/2019 Quarterly Results

Godrej Propert. 28/01/2019 Others

Century Textiles 28/01/2019 Others


TTK Prestige 28/01/2019 Quarterly Results

Persistent Sys 28/01/2019 Quarterly Results,Interim Dividend

Shoppers St. 28/01/2019 Quarterly Results

Mah. Scooters 28/01/2019 Quarterly Results

Intellect Design 28/01/2019 Others

Mahindra Life. 28/01/2019 Quarterly Results

Sanwaria Consum. 28/01/2019 Quarterly Results

H D F C 29/01/2019 Quarterly Results

Axis Bank 29/01/2019 Quarterly Results

Bajaj Fin. 29/01/2019 Quarterly Results

Bajaj Finserv 29/01/2019 Quarterly Results

Godrej Consumer 29/01/2019 Quarterly Results,Interim Dividend

Kansai Nerolac 29/01/2019 Quarterly Results

Info Edg.(India) 29/01/2019 Quarterly Results

The Ramco Cement 29/01/2019 Quarterly Results

Crompton Gr. Con 29/01/2019 Quarterly Results

Bharat Financial 29/01/2019 Quarterly Results

WABCO India 29/01/2019 Quarterly Results

Johnson Con. Hit 29/01/2019 Quarterly Results

Hawkins Cookers 29/01/2019 Quarterly Results

ICICI Bank 30/01/2019 Quarterly Results

Bajaj Auto 30/01/2019 Quarterly Results

Bajaj Holdings 30/01/2019 Quarterly Results

Bharat Electron 30/01/2019 Quarterly Results

Cholaman.Inv.&Fn 30/01/2019 Quarterly Results,Interim Dividend


7




Jubilant Food. 30/01/2019 Quarterly Results

EIH 30/01/2019 Quarterly Results

Hexaware Tech. 30/01/2019 Quarterly Results,Dividend

Alkyl Amines 30/01/2019 Quarterly Results

Kirl. Ferrous 30/01/2019 Quarterly Results

Dabur India 31/01/2019 Quarterly Results

Emami 31/01/2019 Quarterly Results

V-Guard Inds. 31/01/2019 Quarterly Results

Chambal Fert. 31/01/2019 Quarterly Results

Magma Fincorp 31/01/2019 Quarterly Results

EIH Assoc.Hotels 31/01/2019 Quarterly Results

Cigniti Tech. 31/01/2019 Quarterly Results

8



2

3

4

5






Corporate actions announced in January 2019

9

Stock split

Ongoing open offer



Offer Start Offer Close Offer Price Proposed Acquisition Proposed Acquisition

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

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

Sh. Digvijay Cem 7/1/2019 18/01/2019 23.3 3.6 25.1

Apollo Tricoat 7/1/2019 18/01/2019 135.0 0.8 26.0

Next Media. 12/2/2019 26/02/2019 27.0 1.7 26.0

Weizmann For. 21/02/2019 7/3/2019 528.0 0.3 25.2

Linde India 11/3/2019 22/03/2019 276.1 2.1 25.0

Face value before Face value after

Company Name Ratio split split Record date

Acrysil 5:1 10.0 2.0 11/1/2019

Gujarat Gas 5:1 10.0 2.0 16/01/2019

KIC Metaliks 5:1 10.0 2.0 NA

Indian Wood Prod 5:1 10.0 2.0 NA

Music Broadcast 5:1 10.0 2.0 NA

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2

3

4

5






Major stakeholder’s activity seen in December 2018



Aditya Birla Sun Life Mutual Fund purchased 74.7 lakh shares (2.0%) of Thomas Cook

HDFC Trustee Company purchased 52.4 lakh shares (2.0%) of KEC International

Flowering Tree Investment Management company purchased 1.3 lakh shares (0.6%) of Shankara Building

Max Ventures (Promoter) sold 50 lakh shares (1.9%) of Max Financial

Pabrai Investment Fund sold 16.8 lakh shares (5.7%) of CARE Ratings

Red Bloom Investments sold 142.8 lakh shares (3.1%) of ICICI Lombard

Reliance Capital sold 45 lakh shares (0.5%) of Hathway Cable

Key Highlights

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

(In lakhs) (In lakhs) (%)

Thomas Cook (I) 74.7 3706.7 2.0

K E C Intl. 52.4 2570.9 2.0

Shankara Build. 1.3 228.5 0.6

Max Financial -50.0 2689.8 -1.9

CARE Ratings -16.8 294.6 -5.7

Hathway Cable -45.0 8612.9 -0.5

ICICI Lombard -142.8 4540.6 -3.1

12



2

3

4

5









On a month-on-month basis, the momentum related to raising money through preferential allotment marginally improved in December 2018.

The number of companies that raised capital through preferential allotment in December 2018 (16 companies) was higher than November 2018

(12 companies). IDBI Bank, Syndicate Bank, Jubilant Foodworks were among the companies that made a preferential allotment during

December 2018. For full year CY18 , 223 companies raised capital through preferential allotment compared to 243 companies in CY17.

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

(in crore) (|) (|)

Subros 0.52 2 400 DENSO Corporation NA 7/12/2018

IDBI Bank 238.76 10 60.73 NA NA 28/12/2018

Syndicate Bank 18.37 10 39.63 NA Promoter/Promoter Group 19/12/2018

Jubilant Food. 0.51 10 0 NA NA 11/12/2018

J K Cements 0.73 10 695.8 NA Qualified Institutional Buyers 31/12/2018

14



2

3

4

5






Deal Team – At Your Service

15

Historical trend of rights and bonus issues

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


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

Key Highlights

6

8 8

5 5

7

5

2

7

5

0

2

4

6

8

10

CY09 CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17 CY18

(upto

Dec

2018)

Number of rights Issue (CNX 500 Companies)

8

28

1412 12

10

1716

29

20

0

5

10

15

20

25

30

35


(upto

Dec

2018)

Number of Bonus Issues

Deal Team – At Your Service

16

Historical trend of stock splits and dividend payouts

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


Post the 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

Key Highlights

11

39

18

7 6

12 1315

108

0

5

10

15

20

25

30

35

40

45


(upto

Dec

2018)

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

17

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]

Disclaimer

ANALYST CERTIFICATION

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