Analysis, guides and explainers on India's unlisted market — from IPO pipelines to ESOP liquidity.
<h3>Introduction:</h3> <p>Sterlite Power Transmission Ltd (SPTL), a prominent player in power transmission infrastructure both in India and internationally, is currently on the lookout for an equity investor. The company aims to raise up to ₹3,000 crore to finance new projects, as revealed by sources familiar with the matter.</p> <h3>Seeking Investment:</h3> <p>According to insiders, SPTL has not yet finalized any investors but has approached several major investment entities. These potential investors include long-term, yield-focused funds, aligning with the company's growth and sustainability goals.</p> <h3>Company Overview:</h3> <p>Sterlite Power, part of the diverse Sterlite Group, has vested interests across power transmission assets, equipment manufacturing, and engineering procurement construction (EPC). It boasts manufacturing facilities in Silvassa, located in Dadra and Nagar Haveli, reinforcing its manufacturing prowess.</p> <h3>Operational Footprint:</h3> <p>The company has developed an impressive power transmission infrastructure portfolio, exceeding 12,816 circuit km. Its primary operations are centered in India and Brazil, reflecting a significant international presence.</p> <h3>Leadership:</h3> <p>Under the guidance of Pratik Agarwal, nephew of Vedanta Group founder Anil Agarwal, Sterlite Power has demonstrated commendable leadership and strategic direction in the power sector.</p> <h3>Market Presence:</h3> <p>Sterlite Power has marked its presence in the financial market by successfully listing its operational assets under IndiGrid, a publicly-traded power infrastructure investment trust (InvIT). This move signifies the company's robust financial strategy and market adaptability.</p> <h3>Conclusion:</h3> <p>Sterlite Power Transmission Ltd's pursuit of an equity investor to raise ₹3,000 crore is a strategic step towards expanding its project portfolio and reinforcing its position in the power transmission sector. This initiative aligns with the company's long-term vision of growth and sustainability in both domestic and international markets. With its strong background and dynamic leadership, Sterlite Power is well-positioned to embark on new ventures that will further solidify its market presence</p>
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 reported citing two senior industry executives. However, there is no certainty the initial discussions will lead to a deal, according to the report. "As a policy, we do not comment on media speculation and rumors. Our company evaluates various opportunities on an ongoing basis," Reliance Industries said in a statement. Amazon declined to comment. The Seattle-based e-commerce giant has been engaged in a pitched battle for Indian market share against Walmart Inc's Flipkart, with both companies announcing various plans to attract more customers in what is viewed as one of their most important growth markets. Reuters reported on Monday that Amazon was planning a foray into the burgeoning online food delivery business in India this year. <span style="color: #ff6600;">Source: Business Standard</span>
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. <span style="color: #000000;"><span style="text-decoration: underline;"><strong>Food and Grocery Category</strong></span> -</span> Reliance Retail operates <strong>Reliance Fresh</strong>, <strong>Reliance Smart</strong> and <strong>Reliance Market</strong> stores. <span style="text-decoration: underline; color: #000000;"><strong>Consumer Electronics Category</strong> </span> Reliance Retail operates <strong>Reliance Digital, Reliance Digital Express Mini stores, and Jio stores</strong>, <span style="text-decoration: underline; color: #000000;"><span style="text-decoration: underline;"><strong>Fashion & lifestyle Category </strong></span></span> It operates <strong>Reliance Trends</strong>, <strong>Trends Women</strong>, <strong>Project Eve</strong>, <strong>Reliance Footprint,</strong> <strong>Reliance Jewels</strong> and <strong>AJIO.com</strong> in addition to a large number of partner brand stores across the country. Valuations of Reliance Retail, India’s biggest retailer by revenue, crossed Rs 2.5 lakh crore last week in the unofficial market. <div><span style="text-decoration: underline; font-size: 14pt;"><span style="color: #ff6600;"><strong><a style="color: #ff6600; text-decoration: underline;" href="https://unlistedzone.com/shares/reliance-retail-limited-unlisted-shares/">Read more about Reliance Retail Click here </a></strong></span></span></div> <div></div>
Suryoday Small Finance Bank (SFB) announced its plans to raise up to Rs 1,000 crore through initial public offer (IPO) by mid-2020. The company would raise about Rs 400 crore through an offer-for-sale (OFS), while fresh capital infusion would take the total IPO size anywhere between Rs 600 crore and Rs 1,000 crore, informed a top official here. R Baskar Babu, CEO, Suryoday Small Finance Bank stated that the preparations for the IPO will begin from December this year following compliance requirements. "The IPO will come by September 2020. We are looking to raise Rs 400 crore through OFS, while further fresh equity infusion will take the IPO size between Rs 600 and Rs 1,000 crore," said Babu. The scheduled commercial bank, which started banking operations in January 2017, has achieved an asset portfolio of about Rs 3,000 crore and deposit book of about Rs 1,800 crore. "We are planning to increase our asset portfolio to approx Rs 4,500-5,000 crore, while the deposits are expected to increase to Rs 3,500-4,000 crore by end of the fiscal," said Babu, who was in Ahmedabad to announce bank's expansion in Gujarat market. Suryoday SFB is also planning to increase its number of banking outlets from the current 382 to about 600 by March next year. <span style="color: #ff6600;">Source: Business Line, the Hindu</span>
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) and dis-continuation of some codes. DPs should ensure the correctness of entry while capturing the reason mentioned by the BO on DIS. DPs are also requested to inform their CMs and easiest BOs about the changes. The updated list of reason codes (as mentioned above) will be available in CDSL system with effect from August 03, 2019 and September 14, 2019 respectively. <span style="text-decoration: underline;"><a href="http://DPs are advised to inform & educate their BOs regarding availability of new reason codes (while executing DIS) and dis-continuation of some codes. DPs should ensure correctness of entry while capturing the reason mentioned by the BO on DIS. DPs are also requested to inform their CMs and easiest BOs about the changes. The updated list of reason codes (as mentioned above) will be available in CDSL system with effect from August 03, 2019 and September 14, 2019 respectively.">Download Circular Here</a></span>
The National Company Law Appellate Tribunal (NCLAT) has rejected promoter Prashant Ruia’s appeal against Essar Steel’s sale to ArcelorMittal, paving the way for the takeover of the debt-crippled steel major. NCLAT said the issue has been decided by the Supreme Court and that the Committee of Creditors has no role in the distribution of the settlement amount. The Lakshmi Mittal-led ArcelorMittal’s Rs 42,000 crore resolution plan for Essar Steel was approved by NCLT on March 8. The tribunal had observed that though it did not want to change the resolution plan approved by the committee of creditors, and it would suggest the lender reconsider the distribution of dues and give 15 percent of the total offer to operational creditors. <span style="text-decoration: underline; color: #ff6600; font-size: 14pt;"><a style="color: #ff6600; text-decoration: underline;" href="https://economictimes.indiatimes.com/markets/stocks/news/blow-for-ruias-nclt-rejects-plea-challenging-essar-steel-sale-to-arcelormittal/articleshow/70071851.cms">Read more Click here</a></span>
Starting today, using Paytm will get a little dearer. It will start passing on the Merchant Discount Rate (MDR) that banks and card companies charge for digital transactions to consumers to help reduce the burn rate at the Noida company and turn profitable, said two people familiar with the development. The charge amounts to 1% on payments through credit cards, 0.9% for debit cards and up to Rs 12-15 for transactions by net banking and the Unified Payments Interface (UPI), one of the sources said. Paytm, backed by SoftBank and the Alibaba Group and a leader in the segment, has been absorbing the charge and hasn’t been charging anything extra for payments made through its platform. <div> <span style="font-size: 14pt; color: #ff6600;"> <span style="text-decoration: underline;"><a style="color: #ff6600; text-decoration: underline;" href="https://economictimes.indiatimes.com/articleshow/70017284.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst">Read more Click here:</a></span></span> </div>
a) Consolidated Revenue (CIAL and its Subsidiaries) = 807 Cr The revenue is up by 15% as compared to last year despite Airport remains closed in August for 15 days during Kerala Floods.<!--more--> b) Consolidated Profit( CIAL and its subsidiaries) = 184 Cr The Profit is up by 7% as compared to last year. c) The Profit Margins stands at 22.8% which was 24.5% last year. So there is a decline of 1.7% YoY basis. d) The company has given a 27% dividend this year which translates into Rs. 2.7 per share. The Dividend yield at CMP of 225 stands at 1.2%. e) The CIAL is the fourth largest airport in terms of International Traffic and it is India's first fully powered solar airport.
Cochin International Airport Ltd( CIAL) has registered a net profit of Rs. 166.92 crore out of a turnover of Rs. 650.34 crore. for the financial year 2018-19. The board of directors who met at Kochi with the chief minister Pinaray at the chair has proposed a dividend of 27%. Despite the closure of the airport for 15 days due to the August flood, the company registered an increase of turnover by 17.52 % from a year ago. The net profit increased by 7% from last year. <div> <span style="font-size: 14pt; color: #ff6600;"><a style="color: #ff6600;" href="https://economictimes.indiatimes.com/articleshow/70003530.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst"><span style="text-decoration: underline;">Read more here</span></a></span> </div>
One97 Communications Ltd, the parent of mobile payments company Paytm, may see its losses more than double in the year starting 1 April, according to its estimates. Paytm expects its loss to surging to around ₹2,100 crore for the year ending 31 March 2020 from an estimated ₹870 crore in the current fiscal, according to a confidential report prepared by investment bank Corporate Professionals Capital Pvt. Ltd for Paytm. Mint has reviewed a copy of the report. The company may, however, report its first profit of ₹207.61 crore in the fiscal year 2021, the report predicted. Eventually, One97 Communications may report a profit of around ₹8,512.69 crore by fiscal 2026. A One97 spokesman declined to comment on the story. Paytm’s growing losses were attributed to the parent’s emphasis on aggressive expansion to take on bigger rivals in the e-commerce space such as Amazon and Walmart-Flipkart. Read More><span style="font-size: 14pt; color: #ff6600;"> <a style="color: #ff6600;" href="https://www.livemint.com/companies/news/paytm-sees-its-losses-surging-in-2019-20-1550425042400.html">Click here</a></span> Source: Livemint
<span style="font-size: 14pt;"><strong>A) Financial Snapshot</strong></span> <img class="alignnone wp-image-1190" src="https://unlistedzone.com/storage/knowledge-logo/3-300x277.png" alt="" width="591" height="545" /> <span style="font-size: 14pt;"><strong>B) Key Highlights</strong></span> <strong><img class="alignnone wp-image-1188" src="https://unlistedzone.com/storage/knowledge-logo/1-300x238.png" alt="" width="578" height="459" /></strong> <strong><span style="font-size: 14pt;">C) Outlook</span></strong> <img class="alignnone wp-image-1186" src="https://unlistedzone.com/storage/knowledge-logo/2-300x143.png" alt="" width="568" height="271" />
![Bharat Nidhi Buyback of Shares[ Exit Opportunity] - 17.06.2019](/_next/image?url=%2Fknowledge-logo%2Fstock%2Fbharat-nidhi-buyback-of-shares-exit-opportunity-17-06-2019.webp&w=640&q=72)
Bharat Nidhi is doing a buyback in line with SEBI regulation while delisting its shares from Kolkata Stock Exchange and shifting to dissemination board. To read more about dissemination board please click the <span style="font-size: 14pt;"><a href="https://www.thehindubusinessline.com/economy/policy/dissemination-boards-fail-investors-of-regional-exchanges/article9582332.ece">link</a>.</span> The company is offering an exit price of Rs.11,129 for the maximum number of 21,791 Shares. We feel the valuation of Rs.11,129 per share is not fair considering they have a huge investment asset in books. The investors who want to participate in buyback can apply and exit from the company. A) Necessity of Buyback <img src="https://unlistedzone.com/storage/knowledge-logo/necessity-of-buyback.png" /> B) Detail of Buyback <img src="https://unlistedzone.com/storage/knowledge-logo/bharat-nidhi-buyback-announcement.png" /> For any query regarding buyback please drop a message in the comment box.
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