Unlisted Shares News

Reliance Retail Ventures has bought 100% stake in Shri Kannan Departmental Store Private Limited -05.03.2020

As per Bombay Stock exchange filing, Reliance Retail Ventures Limited, a subsidiary of Reliance Industry, and having ~99% stakes in Reliance Retail, has acquired 7,86,191 equity shares representing 100% of the equity share capital of Shri Kannan Departmental Store Private Limited (SKDS) for a consideration of INR 152.5 crores. SKDS, incorporated on September 15, 1999, is engaged in […]

Reliance Retail is among the top 50 fastest growing retail company in the World-25.02.2020

Yesterday, the news was published in the Economic Times, wherein Mukesh Ambani’s Reliance Retail has been tagged among the 50 fastest growing retail company globally, by Deloitte’s Global Powers of Retailing 2020 index, between FY 2013-2018. Walmart is the top leader among all the retail companies. Deloitte ranked 250 firms globally in its annual report based […]

Religare Health Insurance EGM on 13.03.2020 at Delhi- 19.02.2020

Religare Health Insurance is going to conduct Extra-Ordinary General Meeting on Friday, March 13, 2020 at 10.00 am at Vipul Tech Square, Tower C, 3rd Floor, Sector-43, Golf Course Road, Gurugram- 122009 to transact the following businesses: a) To approve the issue of private placement/preferential allotment of equity shares to M/s Trishikhar ventures LLP. b) […]

Barbeque Nation has filed DRHP on 17.02.2020 with SEBI for IPO- 18.02.2020

Barbeque Nation has filed for IPO on 17.02.2020 with SEBI. It is one of India’s leading casual dining restaurant chains according to the Technopak Report. It is promoted by SHKSL which owns 45.09% shares in the company. SHKSL was incorporated as Sayaji Housekeeping Services Limited on March 16, 2016 at Bengaluru. SHKSL is engaged in the […]

Old Monk Brand Mohan Meakin is looking for re-list on MSEI- 15.01.2020

Mohan Meakin, the maker of the popular brand of rum “Old Monk”, has submitted its papers with the Metropolitan Stock Exchange (MSE) to re-list on the exchanges. “In the next two to three months, the procedures towards re-listing will be  complete.” The 163-year-old company looks to return to the capital markets 16 years after it had de-listed its […]

Unlisted Companies may have to give Quarterly or Half-Yearly Results-05.01.2020

As per the news published in livemint, the Govt. is planning to introduce a provision in the Company’s Act 2013 to make unlisted companies give their financial results on a quarterly or Half-yearly basis, similar to listed companies, in place of yearly disclosure. Unlisted companies mostly provide annual financial data in the month of Oct […]

Private placement by Hero-Fin Corp valuing company at Rs.820 per share- 04.01.2020

Hero-Fin Corp( HFCL ) is looking to raise ~Rs.1000 Crores by a way of preferential allotment through a private placement at Rs.820 per share to following investors. The company is issuing total 1,31,09,753 Equity shares. (i) Hero MotoCorp Limited = 53,99,319 Equity Shares (ii) Hero InvestCorp Private Limited = 1,46,342 Equity Shares (iii) Bahadur Chand […]

Performance of Bira in the Year 2018-19 and its strategies to expand and grow- 01.01.2020

Below is the management commentary, as to how Bira has performed in the year 2018-19. The transcript is extracted from the annual filing, which is looking promising as far as growth and expansion are concerned. (i) During the Last One Year, Bira continued to grow significantly and maintained its position in the premium beer market […]

Kannur International AGM News- 13.12.2019

NOTICE is hereby given that the 10thAnnual General Meeting of shareholders of Kannur International Airport Limited will be held at 10.00 am, on 21 December 2019, Saturday at Dinesh Auditorium, Kannur to transact the following business: (i) Annual Accounts of the Company for the year ended 31 March 2019 together with Directors’ Report and Auditors’ Report thereon. [ […]

RBI Guidelines to setup Small Finance Bank for existing Payment Banks- 06.12.2019

Yesterday, RBI has come up with the final guidelines to tap the opportunity available in a small finance banking license. Read the guidelines in detail.  Objective of setting up Small Finance Bank(SFB): (i) provision of savings vehicles primarily to unserved and underserved sections of the population. (ii) supply of credit to small business units; small […]

Nazara Tech. is on Mojo-mode and acquiring gaming companies to increase portfolio- 03.12.2019

(i) Nazara tech is one of the leading mobile games companies headquartered in Mumbai, which is engaged in the acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, the Middle East, Africa, South East Asia, and Latin America. The Company operations comprise of a Subscription business, Freemium business, and Esports […]

1:1 Bonus Issue by NCL Buildtek Limited ( formerly NCL Alltek & Seccolor Ltd)- 26.11.2019

(i) NCL Buildtek Limited (the “Company”) had obtained the approval of members of the Company, at the Annual General Meeting (“AGM”) held on September 28, 2019,for the issuance of Bonus Shares in the ratio of 1:1 i.e., 1 (one) fully paid-up equity share of Rs.10/- each for every (one) fully paid-up equity share of Rs.10/- each held […]

ArcelorMittal-Nippon Steel can make the Essar Steel acquisition a success, and should they list? – 18.11.2019

ArcelorMittal’s shares rose by 2.5percent on Friday, the day the Supreme Court cleared its acquisition of Essar Steel. That reaction may seem optimistic since its acquisition coincides with a rather difficult period for the global steel industry. Demand conditions have turned weak and so have steel prices even as the uncertainty due to the US-China […]

Nazara Tech is on buying spree and inorganically increasing its gaming portfolio- 07.11.2019

(i) Nazara Technologies Ltd a leading global interactive gaming and digital sports media company has signed an Investment Agreement with Paper Boat Apps and its promoters on 11th October 2019 for investment up to Rs. 83.5 Crores in Paper Boat Apps, a Mumbai based indie studio. (ii) The company intends to acquire a majority stake […]

A Consortium lead by Rakesh Jhunjhunwala eyeing more stakes in Star Health Insurance- 28.10.2019

As per the report published in Economic Times on May 30, 2019 (i) Safecrop Holdings, a consortium of WestBridge Capital, Madison Capital and investor Rakesh Jhunjhunwala, is set to gain control of Star Health & Allied Insurance Co in what’s pegged as the sector’s largest M&A transaction in India. “The consortium of investors will acquire […]

Xerox India Annual Report 2018-19 Update- 26.10.2019

Xerox is a print technology and intelligent work solutions leader. They have expertise in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity and increase client satisfaction. The primary offerings span in three main areas: Intelligent Workplace Services, Workplace Solutions, and Production Solutions. Intelligent Workplace Services […]

Mutual funds can’t invest in unlisted commercial papers- 11.10.2019

A recent circular by SEBI which is released on Oct-1 has restricted debt Mutual funds to invest in the unlisted commercial paper issued by companies. The information was published recently in the live mint. Commercial papers(CPs) are the debt instruments through which companies raise funds for the short term typically less than a year. Generally, […]

MeitY ranks HDFC Bank, FINO and Paytm Payments Bank as top banks for July-02.10.2019

The Ministry of Electronics and Information Technology (MeitY) has ranked HDFC Bank, FINO Payments Bank and Paytm Payments Bank (PPB) as the top three banks in the month of July, based on their performance to drive digital payment transactions. ” The scores are based on the performance of the banks against targets assigned to them which includes – total digital […]

Fino Payments Bank likely to apply for small finance bank licence, says MD- 23.09.2019

Will seriously explore possibility; have to discuss the issue with investors’ Fino Payments Bank, which started operations about two years ago, is likely to apply to the Reserve Bank of India (RBI) to convert itself into a small finance bank after the banking regulator allowed such conversion last week. While announcing the draft norms for […]

Paytm FY18-19 results have shown losses of ~4100 Cr- 10.09.2019

Paytm became a household name overnight when the Indian government announced demonetization in Nov-16. From thereon the company is continuously gaining market share and currently, Paytm dominates UPI merchant payment segment with 60% share. The company provides telecom based value-added services to various telecom operators across the territory, payment gateway aggregator services, ticket services, utility […]

Paytm Planning for IPO in next 2 years- 07.09.2019

Paytm will start preparations for an initial public offering (IPO) in the next 22-24 months, its founder and chief executive officer (CEO) Vijay Shekhar Sharma told the HT-MintAsia Leadership Summit in Singapore on Friday. The Indian e-commerce and digital payments giant had last raised funds, totaling $300 million according to regulatory filings, from Warren Buffet’s […]

Taparia Tools Results Update- 22.08.2019

Financials of the last 5 years Year Revenue( Lakhs) Expense(Lakhs) PAT(Lakhs) Equity(Lakh) EPS 2015 33,810.71 31,877.24 1,265.21 30.36 41 2016 37,310.05 35,551.68 1,142.10 30.36 37 2017 38,301.56 36,573.17 1,091.45 30.36 35 2018 40,918.28 38,714.97 1,454.63 30.36 48 2019 47,283.00 43,645.00 2,350.00 30.358 77 UZ Review (FY18-19) 1. The company has shown a Revenue growth of […]

Paytm rejigs its top deck, CFO Madhur Deora named President- 20.08.2019

Paytm has elevated its CFO and senior vice-president Madhur Deora as president in a newly created role. The Citigroup veteran, who joined the digital payments company in 2016, will now oversee multiple business lines at the Noida-based firm. Deora, a former investment banker, will now be responsible for all of Paytm’s consumer services business, the […]

Reliance Retail and Reliance JIO to list in next 5 years- 13.08.2019

Reliance Industries is aiming to list its consumer businesses Reliance Jio and retail arm Reliance Retail in the next five years.  Chairman Mukesh Ambani told the company’s 42nd annual general meeting that the two verticals to would soon be bringing in 50 percent of the group’s consolidated EBITDA.  Addressing shareholders, Ambani said, “We have received […]

Sterlite Power in talks to sell stake valued at ₹3,000 crore- 06.08.2019

Sterlite Power Transmission Ltd (SPTL), which develops power transmission infrastructure in India and abroad, is scouting for an equity investor to raise up to ₹3,000 crore to invest in new projects, said four people aware of the development. “While no names have been finalized, the company has approached several bulge bracket investors which includes long-term […]

Amazon is looking for 26% stakes in Reliance Retail- 03.08.2019

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India’s biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday. Talks began after Reliance’s negotiations with China’s Alibaba Group to sell a stake in the retail entity fell through due to differences over valuation, the financial daily […]

Reliance Retail IPO this year- 28.07.2019

The Reliance Industry is looking to list its most valuable subsidiary i.e. Reliance Retail this year, which has clocked a Revenue of 1,30,000 Cr this year.Reliance Retail has become India’s first retail company to cross the 1 lakh Cr of Revenue. Food and Grocery Category – Reliance Retail operates Reliance Fresh, Reliance Smart and Reliance […]

Updated List Of Reason Codes For Off Market Transactions- 16.07.2019

During a Surveillance meeting at SEBI, it has been decided to implement uniform / standardized reason codes for off-market transfers by both depositories, to provide an audit trail of reasons associated with such transfers as a risk mitigation measure. DPs are advised to inform & educate their BOs regarding the availability of new reason codes (while executing DIS) […]

CIAL offers global consultation- 28.05.2019

As part of International Solar Alliance (ISA)’s initiative to find out suitable models to be incorporated to achieve its ambitions plan of massive deployment of solar energy, a delegation consisting of 40 ambassadors/high commissioners are visited Cochin International airport on 22nd May 2019. CIAL expressed its readiness to provide consultancy service to airports of the […]

Essar Steel reports ₹4,229 cr EBITDA during insolvency period- 20.05.2019

Debt-ridden Essar Steel has registered an EBITDA (earnings before interest, tax, depreciation, and amortization) of ₹4,229 crore during its Corporate Insolvency Resolution period (over 600 days).In an affidavit filed before the National Company Law Appellate Tribunal (NCLAT) last week, the resolution professional said the company earned ₹4,000 crore from its operations between August 2017 and February […]

Sterlite commissions first power project in Brazil ahead of schedule- 17.05.2019

Sterlite Power Wednesday said it has delivered first power transmission project in Brazil 28 months ahead of schedule. “Sterlite Power celebrates the kickoff of operations in the Arcoverde project. This is the first of 10 projects assigned to the company in Brazil,” a company statement said. According to the statement, the company began construction work […]

Indian Commodity Exchange Limited (ICEX) Unlisted Share

Anil Ambani’s ICEX, Metropolitan Stock Exchange initiate merger talks

Two Indian exchanges — Anil Dhirubhai Ambani Group-promoted Indian Commodity Exchange (ICEX) and Metropolitan Stock Exchange (MSE) – are in initial talks for a merger, sources told Moneycontrol. MSE does not have much of a product list. It has only one active currency product and was struggling to raise capital to comply with the market regulator’s […]

India’s Nayara Energy closes $750 mln pre-pay with Trafigura, BP- 03.05.2019

Russian-backed Indian refiner Nayara Energy has completed a long-term pre-payment deal with BP and global commodities trader Trafigura for $750 million, Nayara’s chief executive said on Wednesday. The deal, backed by a consortium of international banks, will see the two firms repaid with future gasoline and gasoil over the next four years. Pre-payments are one […]

KKR makes first bet on infrastructure business with Sterlite- 01.05.2019

Sterlite Power Transmission and US private equity giant KKR have agreed to cosponsor and together manage the former’s infrastructure investment trust, India Grid Trust, according to executives involved in the transaction, which is the first-of-its-kind in the country’s power sector. India Grid Trust (IndiGrid) is aiming to raise Rs 2,560 crore through a qualified institutional […]