Nykaa, Bharti Airtel, Tech Mahindra, Wipro, Vedanta, Canara Bank, Venus Pipes | Whuff News


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INCOME:

Siemens (YoY Contra; Q4 FY22)

Revenue at Rs. 4657 cr vs. Rs. 4174 cr, up 11.6% YoY

EBITDA at Rs. 516 cr vs. Rs. 445 cr, up 16% YoY

PAT (disk operation) at Rs. 652 cr vs. Rs. 320 cr, up 103.8% YoY

PAT (ext ops) at Rs. 382 Cr vs 316 Cr, up 21% YoY

EBITDA margin at 11.1% versus 10.7%, up 42 basis points YoY

STOCKS IN THE NEWS:

Time Technology:

Mmgt said progress in the consolidation/restructuring of overseas businesses is going well. Mgmt along with JPMorgan and E&Y advisors are in the final stages of discussions with potential buyers. Mgmt is confident of closing the transaction this year. Proceeds will be used for debt repayment, capital expenditure and for shareholder benefits.

Inox Green Energy:

To start trading after its IPO got 1.55 times demand

Venus Pipe:

Anchor Lock-in period expires; ~27% of equity outside lock-in

Kaynes Technology:

Goldman Sachs Fund bought 4.7 lakh @ 705.28

Norges Bank bought 9.24 lakh @ 751.16

TNTBC As Nomura Trustee bought 6 lakh @ 723.1

ValueQuest Investment bought 9.84 lakh @ 764.28

Nykaa Ltd:

Mr. Arvind Agarwal, Chief Financial Officer has resigned to pursue other opportunities in the digital economy & startup space.

Domestic buyer block deal Aditya Birla Sun Life, ICICI Pru MF

International buyers BOFA, BNP Paribas, Morgan Stanley, Societe Gernerale, Ontario Teachers Pension Plan

Lighthouse India Fund III sold 1.84 Cr shares

Bharti Airtel:

Nxtra Data Ltd, a subsidiary of Bharti Airtel started construction of its new hyperscale data center in Kolkata

The company will invest Rs 600 Cr in the development of the largest data center in Eastern India

The 25 MW facility will be fully operational by 2024.

Nxtra will invest over Rs 5000 cr. in the next four years to expand its capacity by 3X to over 400 MW

Ester Industry:

To provide a Corporate Guarantee in favor of Bank of India, Bank of Baroda and HDFC Bank Ltd. to extend the Working Capital facility with an amount of Rs. 141.8 crores

Tech Mahindra:

LIC acquires ~2% stake in Tech Mahindra taking total stake to 6.87%

Adani Ports and Logistics:

Adani Agri Logistics Ltd, a subsidiary of the withdrawing Company has incorporated wholly owned subsidiaries Adani Agri Logistics (Chandari), Adani Agri Logistics (Katihar Two), Adani Agri Logistics (Gonda)

Wipro:

Launching a strategic cyber security consulting offering in Europe

New offering to capitalize on Wipro’s recent acquisitions in the consulting space

Vedanta:

Approved Third Interim

Dividend of ₹ 17.50 per equity share for FY23

The record date for payment purposes is 30 November 2022.

Canara Bank:

Has set record dates of December 19 and December 23 for 9% and 8.4% lower-grade bonds respectively

The Bank will redeem the 9.00% Non-Convertible Bonds, Tier II Lower, Series XII on the maturity date, i.e., 31 December 2022

National Peroxide:

The company’s plant located in Kalyan, Maharashtra, will be closed from November 22, 2022 for the purpose of annual maintenance activities.

Aarti Surfactant:

A meeting of the board of directors will be held on 25 November 2022 to consider the approval of the rights issue.

Hindustan Motors:

Signed an MOU to expand the EV domain across borders to increase the production of environmentally friendly electric vehicles.

BASF India Limited:

Rajesh Naik has resigned as Whole Time Director of the company on 31-Dec-2022

Alexander Gerding was appointed as the Company’s Managing Director for a period of 5 years, effective January 1, 2023

Adani Enterprises:

The board will meet November 25 to discuss fundraising

UPL:

Securing legal victory against Agracity in intellectual property claims: Agency



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