Bajaj Finance: The company reported that new loans grew 10% YoY to 10.97 million, assets under management grew 31% YoY to Rs 3.54 lakh crore and deposits grew 26% YoY to Rs 62.75 lakh crore at the end of Q1FY25.
Vedanta: The company reported that its aluminium production increased 3% YoY to 596kt, saleable zinc production increased 1% YoY to 262kt, saleable steel production increased 10% YoY to 356kt and total power sales at the end of Q1FY25 increased 13% YoY to 4,791MU.
Brigade Enterprises: The company has signed a co-development agreement for a 1.2 million sq ft residential project in Bengaluru. The project will be spread across eight acres and has a total development value of Rs 1,100 crore.
L&T Finance: The company reported portfolio realisation rate of 95%, retail disbursements up 33% YoY to Rs 14,830 crore and retail loan book up 31% YoY to Rs 84,440 crore.
Suryoday Small Finance Bank: The bank reported total advances grew 42% YoY to Rs 9,037 crore, deposits grew 42% YoY to Rs 8,137 crore, CASA ratio was 17.7% from 20.1% QoQ and GNPA was 2.67% from 2.80% QoQ.
Tata Steel: The company has received NCLT approval for its merger with Angar Energy.
Bandhan Bank: The bank reported that loans and advances grew 21.8% YoY to Rs 1.03 trillion, deposits grew 22.8% YoY to Rs 1.08 trillion and CASA ratio was 36.0% against 37.1% at the end of Q1FY25.
GE T&D: The company has received a €64 million order from France’s Grid Solutions for the supply of high-voltage products.
COCHIN SHIPYARD: The government has appointed Jose VJ as finance director for a term of three years.
Persistent Systems: The company acquired 100% of the shares of US-based software company Starfish Associates for $20.7 million.
Mariko: The company has partnered with Kaya to market science-based personal care products.
ITD Cementation: Promoter Italian-Thai Development Public Company is exploring a possible sale of its investment in the company.
Indiabulls Real Estate: The company changed its name to Equinox India Developments effective July 8 following stock exchange approval.
Carysil: The company raised Rs 1,250 crore through a QIP and allotted 1.57 million shares at Rs 796 per share.
Zee Media Corporation: The Ministry of Corporate Affairs has approved the formation of a new subsidiary called Pinews Digital. Pinews will develop its mainstream media business through an AI-powered hyper-local app.
IPO Offering
Emcure Pharmaceuticals: The shares were oversubscribed 1.32 times on the first day of the offering. Bidding was led by institutional investors (0.07 times), non-institutional investors (2.71 times), and retail investors (1.39 times).
Bansal Wire Industries: The offer was subscribed 1.76 times on the first day of the offer. Bidding was led by institutional investors (0.01 times), non-institutional investors (2.44 times) and retail investors (2.47 times).
Bulk Purchase
Ideaforge Technology: Think India Opportunities Master Fund LP sold 2.23 lakh shares (0.52%) at Rs 796.6 per share.
Yathar Hospital & Trauma Care Services: Plutus Wealth Management sold 250,000 shares (2.91%) at Rs 405.07 per share while ICICI Prudential Mutual Fund bought 200,000 shares (2.32%) at Rs 405 per share.
Reconciling Transactions
Price range change from 10% to 5%: Zen Technologies.
Price range change from 20% to 10%: Allied Digital Services, GM Breweries.
Highest dividends ever: Tide Water Oil, Tata Power, Solar Industries, SKF India, Balaji Amines.
Past/Record Annual Meetings: Vedanta, Laurus Labs, Solar Industries India, Balaji Amines.
Ex/Record Buyback: eClerx Services.
Moving to short-term framework: DCX Systems, JK Paper, Nirman Agri Genetics.
Moved from the short-term framework: Cellecor Gadgets, Exicom Tele-Systems, Omaxe.
F&O Prohibition
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