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Monthly Corporate Action Tracker

- Dossier of key corporate actions in January, 2018

January 16, 2018

Amit Gupta Bharat Chhoda Cheragh Sidhwa

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

Analysts Name:

2

Deal Team – At Your ServiceCorporate Action Tracker- January 2018

Historical trends of corporate actions

2

3

4

5

Board meetings for January 2018

Major stakeholder’s activity in December 2017

Stock split, open offer and bonus issue for January 2018

Announced/Probable dividend1

Companies that are likely to pay dividend in January 2018

3

Probable dividend

Announced dividend

Source: Capitaline, ICICIdirect.com Research


Company Dividend Face value Dividend Dividend Yield

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

Siemens 350 2.00 7 0.5 25/01/2018

Ex-date

Company Dividend Face value Dividend Dividend Yield

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

Trident 6 10.00 0.6 0.9 25/01/2017

TCS 650 1.00 6.5 0.3 23/01/2017

NHPC Ltd 17 10.00 1.7 6.1 19/01/2017

Persistent Sys 60 10.00 6 1.0 31/01/2017

Mindtree 20 10.00 2 0.4 25/01/2017

D B Corp 40 10.00 4 1.1 31/01/2017

Bajaj Corp 1150 1.00 11.5 3.0 23/01/2017

Last Years

Ex-date

NHPC, D B Corp & Bajaj Corp

have provided a consistent

dividend yield in excess of 2%

over last three years

4



2

3

4

5





Board meetings scheduled in January 2018

5


Board meetings in January 2018Board meetings in January 2018


Markets are expected to take a cue from the ongoing earnings season. Of the companies that have announced their result dates, 21 Sensex and

27 Nifty companies are expected to declare their Q3FY18 results in January. On the sectoral front, 16 banking and 21 IT companies are

scheduled to declare their results this month.

Key Highlights

Company Name Meeting Date Board Meeting purpose

ICICI Lombard 16/01/2018 Quarterly Results

Reliance Nip.Lif 16/01/2018 Quarterly Results,Interim Dividend

Multi Comm. Exc. 16/01/2018 Quarterly Results

Den Networks 16/01/2018 Quarterly Results

Hind. Unilever 17/01/2018 Quarterly Results

Bharti Infra. 17/01/2018 Quarterly Results

Zee Entertainmen 17/01/2018 Quarterly Results

Adani Transmissi 17/01/2018 Quarterly Results

Adani Power 17/01/2018 Quarterly Results

Sterlite Tech. 17/01/2018 Quarterly Results,Private Placement Basis

Mindtree 17/01/2018 Quarterly Results,Interim Dividend

Jyothy Lab. 17/01/2018 Quarterly Results

SREI Infra. Fin. 17/01/2018 Quarterly Results

Thirumalai Chem. 17/01/2018 Quarterly Results

Tata Sponge Iron 17/01/2018 Quarterly Results

Bharti Airtel 18/01/2018 Quarterly Results

Hind.Zinc 18/01/2018 Quarterly Results

UltraTech Cem. 18/01/2018 Quarterly Results

Adani Ports 18/01/2018 Quarterly Results

Yes Bank 18/01/2018 Quarterly Results


Adani Enterp. 18/01/2018 Quarterly Results

D B Corp 18/01/2018 Quarterly Results

Cyient 18/01/2018 Quarterly Results

Zensar Tech. 18/01/2018 Dividend

Kewal Kir.Cloth. 18/01/2018 Quarterly Results,Interim Dividend

HDFC Bank 19/01/2018 Quarterly Results

Kotak Mah. Bank 19/01/2018 Quarterly Results

Wipro 19/01/2018 Quarterly Results

HCL Technologies 19/01/2018 Quarterly Results,Interim Dividend

HDFC Stand. Life 19/01/2018 Quarterly Results

ICICI Pru Life 19/01/2018 Quarterly Results

Kansai Nerolac 19/01/2018 Quarterly Results

IDFC Bank 19/01/2018 Quarterly Results

PC Jeweller 19/01/2018 Others

JM Financial 19/01/2018 Quarterly Results

Jubilant Food. 19/01/2018 Quarterly Results

Atul 19/01/2018 Quarterly Results

Tata Elxsi 19/01/2018 Quarterly Results

Kirloskar Oil 19/01/2018 Quarterly Results

VST Inds. 19/01/2018 Quarterly Results


6





NIIT Tech. 19/01/2018 Quarterly Results

Tejas Networks 19/01/2018 Quarterly Results,Others

Dwarikesh Sugar 19/01/2018 Quarterly Results

GNA Axles 19/01/2018 Quarterly Results

GRUH Finance 20/01/2018 Quarterly Results

Axis Bank 22/01/2018 Quarterly Results

Asian Paints 22/01/2018 Quarterly Results

Havells India 22/01/2018 Quarterly Results

V-Guard Inds. 22/01/2018 Quarterly Results

G N F C 22/01/2018 Quarterly Results

Tinplate Co. 22/01/2018 Quarterly Results

Axis Bank 23/01/2018 Others

RBL Bank 23/01/2018 Quarterly Results

PNB Housing 23/01/2018 Quarterly Results

WABCO India 23/01/2018 Quarterly Results

Syngene Intl. 23/01/2018 Quarterly Results

C P C L 23/01/2018 Quarterly Results

Can Fin Homes 23/01/2018 Quarterly Results

NIIT 23/01/2018 Quarterly Results

Nucleus Soft. 23/01/2018 Quarterly Results

Oriental Hotels 23/01/2018 Quarterly Results


Larsen & Toubro 24/01/2018 Quarterly Results

Container Corpn. 24/01/2018 Quarterly Results,Interim Dividend

Biocon 24/01/2018 Quarterly Results

M & M Fin. Serv. 24/01/2018 Quarterly Results

L & T Infotech 24/01/2018 Quarterly Results

KRBL 24/01/2018 Quarterly Results

HEG 24/01/2018 Quarterly Results

TTK Prestige 24/01/2018 Quarterly Results

Forbes & Co 24/01/2018 Quarterly Results

IRB InvIT Fund 24/01/2018 Quarterly Results,Others

Radico Khaitan 24/01/2018 Quarterly Results

Sagar Cements 24/01/2018 Quarterly Results

Everest Inds. 24/01/2018 Quarterly Results

ION Exchange 24/01/2018 Quarterly Results

Dr Reddy's Labs 25/01/2018 Quarterly Results

LIC Housing Fin. 25/01/2018 Quarterly Results

Tata Coffee 25/01/2018 Quarterly Results

Indoco Remedies 25/01/2018 Quarterly Results

Kokuyo Camlin 25/01/2018 Quarterly Results

Persistent Sys 27/01/2018 Quarterly Results,Interim Dividend

H D F C 29/01/2018 Quarterly Results

Tech Mahindra 29/01/2018 Others


7





Emami 29/01/2018 Quarterly Results

I D F C 29/01/2018 Quarterly Results

Lak. Mach. Works 29/01/2018 Quarterly Results

Elgi Equipment 29/01/2018 Quarterly Results

Mah. Scooters 29/01/2018 Quarterly Results

Ramkrishna Forg. 29/01/2018 Quarterly Results

Novartis India 29/01/2018 Quarterly Results

Rane Brake Lin. 29/01/2018 Quarterly Results

SBI Life Insuran 30/01/2018 Quarterly Results

Godrej Consumer 30/01/2018 Quarterly Results,Interim Dividend

Bharat Electron 30/01/2018 Quarterly Results,Interim Dividend

TVS Motor Co. 30/01/2018 Quarterly Results

Cholaman.Inv.&Fn 30/01/2018 Quarterly Results,Interim Dividend

AU Small Finance 30/01/2018 Quarterly Results

Bharat Financial 30/01/2018 Quarterly Results

Bharat Financial 30/01/2018 Others

EIH 30/01/2018 Quarterly Results

Johnson Con. Hit 30/01/2018 Quarterly Results

Navin Fluo.Intl. 30/01/2018 Quarterly Results


CARE Ratings 30/01/2018 Quarterly Results,Interim Dividend

GIC Housing Fin 30/01/2018 Quarterly Results

Mahindra Life. 30/01/2018 Quarterly Results

Intellect Design 30/01/2018 Quarterly Results

IL&FS Inv.Manag. 30/01/2018 Quarterly Results

ICICI Bank 31/01/2018 Quarterly Results

Dabur India 31/01/2018 Quarterly Results

Exide Inds. 31/01/2018 Quarterly Results

Coromandel Inter 31/01/2018 Quarterly Results

Phillips Carbon 31/01/2018 Quarterly Results

Mahindra Holiday 31/01/2018 Quarterly Results

NOCIL 31/01/2018 Quarterly Results

GHCL 31/01/2018 Quarterly Results

TCI Express 31/01/2018 Quarterly Results

EIH Assoc.Hotels 31/01/2018 Quarterly Results

Internat. Paper 31/01/2018 Quarterly Results

8



2

3

4

5





Corporate actions announced in January 2018

9

Stock Split


Ongoing open offer


Bonus Issue


Face value before Face value after

Company Name Ratio split split Record date

Citurgia Biochem 5:1 10 2.0 NA

Singer India 5:1 10 2.0 18/01/2018

Company Ratio Ex Bonus Date Record Date

Fiberweb (India) 1:1 17/01/2018 18/01/2018

Offer Start Offer Close Offer Price Proposed Acquisition Proposed Acquisition

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

Xchanging Sol. 10/1/2018 23/01/2018 55.22 2.4 21.2

10



2

3

4

5





Major stakeholder’s activity seen in December 2017




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

(In lakhs) (In lakhs) (%)

Blue Star 4.4 959.1 0.5

ITD Cem 34.5 1551.6 2.2

Orient Cement 45.9 2048.7 2.2

Adani Ports 423.9 20709.5 2.0

Religare Enterp. 176.4 1784.6 9.9

Zee Learn 209.6 3252.4 6.4

Cox & Kings -17.0 1765.6 -1.0

Escorts -36.0 1225.8 -2.9

Himatsing. Seide -14.6 984.6 -1.5

PC Jeweller -78.9 3943.6 -2.0

Unichem Labs. -9.2 909.4 -1.0

Aditya Birla Sun Life Mutual Fund purchased 4.4 lakh shares (0.5%) of Blue Star

Reliance Nippon Life Asset Management Ltd purchased 34.5 lakh shares (2.2%) of ITD Cement

HDFC Asset Management Company purchased 45.9 lakh shares (2.2%) of Orient Cement

Resilient India Growth Fund purchased 176.4 lakh shares (9.9%) of Religare Enterprise

Moon Capital Trading purchased 209.6 lakh shares (6.4%) of Zee Learn

DVI Fund (Mauritius) sold 78.9 lakh shares (2.0%) of PC Jewellers

ICICI Prudential Asset Management Company sold 9.2 lakh shares (1.0%) of Unichem Labs

Key Highlights

12



2

3

4

5





Deal Team – At Your Service

13

Historical trend of rights and bonus issues

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


6

8 8

5 5

7

5

2

7

0

1

2

3

4

5

6

7

8

9

CY09 CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17

Number of rights Issue …

8

28

1412 12

10

1716

29

0

5

10

15

20

25

30

35


Number of Bonus Issues

Of the CNX 500 companies, rights issue has gained as a method for raising capital with seven companies raising

funds to the tune of | 4780 crore through rights issue in CY17 compared to two companies raising funds of | 910

crore in CY16

Total 29 companies have announced bonus issue in CY17 compared to 16 companies in CY16

Key Highlights

Deal Team – At Your Service

14

Historical trend of stock splits and dividend payouts

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


11

39

18

7 6

12 1315

10

0

5

10

15

20

25

30

35

40

45


Number of stock Split

20.0

22.6 23.321.8

24.7

28.1

30.5

36.5

26.0

23.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17

Dividend Payout Ratio

Post the implementation of new 10% dividend tax, companies are opting for share buybacks over dividends.

Average dividend payout ratio has been on a downward trend with the ratio declining from 36.5% in FY15 to 23%

in FY17

Total 10 companies have announced stock split in CY17 compared to 15 companies in CY16

Key Highlights

16

Pankaj Pandey Head – Research [email protected]

ICICIdirect.com 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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