Zee Media Redeems Non-Convertible Debentures Worth ₹230 Crore

Zee Media Corporation has announced the redemption of Non-Convertible Debentures (NCDs) worth ₹230 crore. The full payment towards the redemption of these unrated, unlisted, secured, and redeemable debentures, which had a face value of ₹10 lakh each, was completed on January 15, 2025.

Fundraising Plans by Zee Media

Zee Media’s board approved plans to raise up to ₹400 crore through various means, including equity shares, convertible bonds, debentures, preference shares, or foreign currency convertible bonds (FCCBs). The company is exploring all available methods, including private placement, qualified institutional placement, and other combinations.

Increase in FPI Shareholding Limit

The board also approved a proposal to increase the shareholding limit for Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs) from 24% to 49% of the company’s paid-up share capital, pending shareholder approval.

About Zee Media Corporation Ltd

Zee Media Corporation Ltd (ZMCL), founded in 1999, operates in the news publishing and broadcasting sector. It is part of the Essel Group and reaches 220 million viewers through a network of 15 news channels, including 1 global channel, 3 national channels, and 11 regional channels on the linear TV platform. 

Zee Media Corporation share price is trading at ₹18.97, up by ₹0.71 (3.89%) today as of 10:25 AM IST. The stock opened at ₹18.64, reached a high of ₹18.97, and a low of ₹18.45. The market capitalisation stands at ₹1,190 crore, with a 52-week high of ₹26.35 and a 52-week low of ₹10.00.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

DPIIT Partners with ITC to Boost Startups in Manufacturing

The DPIIT (Department for Promotion of Industry and Internal Trade) has formed a strategic partnership with ITC Ltd to support startups in the manufacturing sector. This alliance is aimed at fostering innovation and enabling startups to scale effectively.

Key Focus Areas of the Partnership

The agreement highlights several areas where ITC will work with startups to deploy innovative solutions, including:

  • Digital Platforms for Manufacturing Execution Systems (MES): Developing advanced digital tools to streamline manufacturing processes.
  • Renewable Energy Integration: Exploring opportunities to incorporate renewable energy solutions at manufacturing locations.
  • Energy Storage Systems: Enhancing energy efficiency through advanced storage technologies.

Leveraging Expertise and Network

A  MoU (Memorandum of Understanding) has been signed, establishing a framework where ITC’s extensive market network and industry experience will complement DPIIT’s initiatives to support startups.

DPIIT Joint Secretary Sanjiv emphasised the goal of creating scalable and transformative solutions that foster a supportive environment for startups.

Startup India Director Sumeet Kumar Jarangal added that this partnership would provide startups with easy access to markets and opportunities to develop solutions aligned with ITC’s business needs.

Driving Innovation and Sustainability

Anil Rajput, President of ITC Corporate Affairs, highlighted the MoU’s focus on boosting digital capabilities to enhance operational excellence in manufacturing. He also stressed the importance of renewable energy solutions to strengthen ITC’s sustainability efforts.

This partnership aims to drive innovation, enable future-ready solutions, and promote sustainable growth in the manufacturing sector.

ITC Hotels Plans International Expansion Post-Demerger

ITC Hotels is aiming to expand internationally, starting with neighbouring countries and West Asia. The company is set to list its new entity after demerging its hotel business, which will give the hotel division more autonomy. The listing date is expected in the next few weeks, though it’s not yet confirmed.

Currently operating 140 hotels in India, ITC intends to grow its portfolio to over 200 hotels. The expansion will be focused on a more asset-light model through management contracts. ITC’s hotels are known for their iconic cuisine and exceptional service, which the company believes will help them compete with established global players.

The hotel chain is also dedicated to sustainability, with all its properties meeting low-emission standards and holding significant green certifications. It operates under six brands: ITC Hotels, Fortune, Mementos, Storii, WelcomHeritage, and Welcomhotel, and recently opened its first hotel in Sri Lanka.

In India, ITC is shifting from an asset-heavy to an asset-light strategy, adding new brands like Mementos and Storii to cater to a wider market.

About ITC Limited

ITC Limited, based in Kolkata, is an Indian conglomerate with operations in six key areas: FMCG, hotels, agribusiness, IT, paper products, and packaging. A notable portion of its revenue comes from tobacco products.

ITC share price opened at ₹438.05, hit a high of ₹439.45 and a low of ₹432.10 and was trading at ₹432.85 as of 10:13 AM IST, down 1.03%.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

HDFC Life Q3 FY25 Results: Net Profit Rises 15% YoY, Premium Income Grows 10%

HDFC Life Insurance Company reported a 15% year-on-year increase in its consolidated net profit for the quarter ending December 2024, reaching ₹421.31 crore, compared to ₹367.54 crore in the same period the previous year. The net premium income also rose by 10%, totalling ₹16,832 crore, up from ₹15,273 crore in the corresponding quarter last year.

The rise in profit after tax (PAT) was driven by a record 24% growth in the company’s individual annual premium equivalent (APE). However, on a sequential basis, the PAT declined by 3.2% from ₹435.18 crore in the July-September quarter. In contrast, net premium income saw a 13% quarter-on-quarter growth, increasing from ₹16,614 crore in Q2FY25.

CEO’s Remarks Highlight Growth

Vibha Padalkar, the Managing Director and CEO of HDFC Life emphasised the company’s robust performance in the 9 months leading up to December 2024. She noted that the insurer achieved a 22% growth in individual Weighted Received Premium (WRP), significantly outpacing the private insurance sector’s overall growth rate of 14%.

Assets Under Management and Persistency Improvements

HDFC Life’s Assets Under Management (AUM) grew by 18% year-on-year to ₹3.3 lakh crore, reflecting the company’s effective financial management. The persistency ratios also showed considerable improvement:

  • The 13th-month persistency ratio rose to 87%, up from earlier levels.
  • The 61st-month persistency ratio increased to 61%, indicating sustained customer retention over longer terms.

Additionally, the company maintained a strong solvency ratio of 188%, comfortably exceeding the regulatory requirement of 150%, reinforcing its financial stability.

Expanding Distribution Network

HDFC Life’s extensive distribution network includes over 240,000 agents, securing its position among the top 3 private life insurers in terms of agency strength. The company has also established approximately 90 bancassurance partnerships with banks and NBFCs. Furthermore, HDFC Life leverages collaborations with digital ecosystems to broaden its market reach and enhance customer accessibility.

Diversified Product Portfolio

The company highlighted its well-diversified product offerings, which cater to a broad range of customer needs. The composition of its individual APE is as follows:

  • Unit-linked products: 37%.
  • Non-par savings products: 35%.
  • Protection products: 6%.

HDFC Life share price opened at ₹630.10, reached a high of ₹663.60 and was trading at ₹655.55 as of 10:07 AM IST, reflecting a 10.32% gain.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

LTTS Q3 FY25 Results: Net Profit at ₹322 Crore; Aims for 10% Revenue Growth

L&T Technology Services Ltd (LTTS) has set a target of achieving around 10% revenue growth in constant currency for the financial year 2025. This includes contributions from its recent acquisition, Intelliswift. Amit Chadha, CEO and MD of LTTS, reaffirmed the company’s medium-term goal of reaching $2 billion in revenue with an EBIT margin of 17-18%.

Q3 FY25 Financial Performance

For the October-December quarter, LTTS reported a net profit of ₹322.4 crore, which fell short of the market expectation of ₹330 crore. The company’s revenue for the quarter was ₹2,653 crore, reflecting a 9.5% year-on-year growth and a 3.1% increase compared to the previous quarter.

In terms of dollar revenue, LTTS achieved $312 million, marking a growth of 3.1% sequentially and 8.7% year-on-year in constant currency.

Earnings Before Interest and Tax (EBIT)

The company’s EBIT for the quarter stood at ₹422 crore, slightly exceeding the market estimate of ₹411 crore. The EBITDA margin improved by 110 basis points sequentially to 16.2%, excluding one-time merger and acquisition expenses. LTTS anticipates stronger EBIT margins in the second half of the financial year based on its organic business operations.

Strong Deal Wins

LTTS achieved its highest-ever large deal bookings during the quarter, securing eight major deals:

  • 1 worth $50 million
  • 2 worth $35 million each
  • 2 worth $25 million each
  • 3 worth $10 million each

Amit Chadha highlighted that the large deal pipeline remains robust, driven by customer demand for new-age product and platform development as well as business transformation initiatives.

About Larsen & Toubro (L&T)

Larsen & Toubro (L&T) is a large Indian multinational company based in Mumbai, Maharashtra. It operates in various sectors, including industrial technology, engineering, construction, heavy industry, power, manufacturing, information technology, military, and financial services.

LTTS share price opened at ₹3,535.00 and reached a high of ₹3,543.45 as of 10:04 AM IST, trading at ₹3,501.50 with a marginal increase of 0.0029%.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Adani Group Stocks in Focus as Hindenburg Research Shuts Down Operations

Hindenburg Research, the US-based short-seller known for its 2023 report targeting Adani Group, is closing its operations. Founder Nathan Anderson announced the decision, citing the intense and all-encompassing nature of the work. Anderson said the plan to disband the firm was made after completing their pipeline of ideas.

Hindenburg gained global attention for accusing the Adani Group of stock manipulation and improper use of offshore tax havens, allegations the Adani Group strongly denied. The closure comes shortly after US prosecutors indicted Adani Group Chairman Gautam Adani for his alleged role in a bribery and fraud scheme.

Adani Stocks in Focus

Following Hindenburg’s closure, Adani Group stocks are expected to be closely watched. The group’s major companies, including Adani Enterprises, Adani Ports, Adani Power, and Adani Green Energy, saw gains on Wednesday, with some stocks rising over 2%. Investors will keep an eye on these stocks in light of the recent developments.

Timeline of the Adani-Hindenburg Saga

  1. January 2023: Hindenburg accused Adani Group of fraud, stock manipulation, and money laundering, leading to a sharp decline in Adani’s market value.
  2. February 2023: Adani Enterprises withdrew its ₹20,000 crore FPO despite a successful closure.
  3. March 2023: India’s Supreme Court formed a panel to investigate the stock crash caused by Hindenburg’s allegations.
  4. May 2023: The Supreme Court panel reported no evidence of manipulation in Adani companies.
  5. August 2023: SEBI stated most of its investigations into the Adani-Hindenburg allegations were complete.
  6. January 2024: The Supreme Court gave SEBI 3 more months to finish its probe, declining to involve the CBI.
  7. July 2024: Hindenburg revealed a SEBI notice alleging regulatory violations involving Kotak Bank in the case.
  8. August 2024: Hindenburg accused SEBI Chairperson Madhabi Puri Buch of a conflict of interest, claims denied by Buch and her husband.

Adani’s Group Stocks Market Movement

On January 16, Adani Energy Solutions shares increased by 2.42% to ₹799.00, Adani Wilmar shares gained 0.16% to ₹274.10, while Adani Total Gas shares declined 3.94% to ₹688.35 as of 09:55 AM on NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Closing Bell: Sensex, Nifty50 Extend Gains, Sectoral Performance Mixed on January 15, 2025

On Wednesday, January 15, 2025, the benchmark indices, BSE Sensex and NSE Nifty50, closed higher for the second consecutive session.

The 30-share Sensex gained 224.45 points, or 0.29%, closing at 76,724.08. During the day, the index fluctuated between a high of 76,991.05 and a low of 76,479.70. The NSE Nifty50 also ended in the green, rising by 37.15 points, or 0.16%, to close at 23,213.20. The index’s high for the day was 23,293.65, and the low was 23,146.45.

The Nifty Midcap100 index gained 0.41%, while the Nifty Smallcap100 index rose by 0.56%, indicating positive performance in the broader market.

Top Gainers and Losers

27 out of the 50 Nifty50 stocks saw positive gains, with notable performers like Trent, NTPC , Power Grid, Kotak Mahindra Bank, and Maruti Suzuki, which gained up to 4.01%. However, 23 stocks ended in the red, including Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Bajaj Finance, and Shriram Finance, which saw losses of up to 2.90%.

Sectoral Performance

On Wednesday, sectoral markets showed varied results. The Nifty IT and Realty indices led the gains, rising by up to 1.39%. On the other hand, sectors like Nifty Auto, FMCG, Media, and Healthcare ended lower, with losses reaching up to 1.78%.

Oil Prices

As of January 15, 2025, at 03:24 PM, Brent Crude was trading at $80.03, up by 0.14%.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Budget 2025: Key Highlights of Last Budgets Under FM Nirmala Sitharaman

As the Union Budget 2025 approaches, anticipation is building around potential tax reliefs, especially for those earning up to ₹15 lakh annually, and updates on cryptocurrency policies. This year’s Budget may include provisions aimed at supporting the middle class, youth, and farmers. A major point of interest is whether it will live up to the historic impact of the 2021 Union Budget, which is remembered for its bold and transformative approach amidst the COVID-19 pandemic.

Why the 2021 Budget Was Called ‘Once-in-a-Century’

The 2021 Union Budget, presented amidst the challenges of the COVID-19 pandemic, was hailed for its bold, far-reaching reforms. Despite the severe economic impact of lockdowns and job losses, Finance Minister Nirmala Sitharaman focused on long-term structural reforms rather than short-term populism, a decision that garnered widespread praise. The Budget’s key highlights included:

  • Healthcare Gets a Major Boost

The allocation for healthcare was increased by 137%, reaching ₹2,23,846 crore. A notable ₹35,000 crore was set aside for the nationwide COVID-19 vaccination program, emphasising the importance of immunisation in fighting the pandemic.

  • Reforms in Key Sectors
    1. Insurance FDI Reforms: The Foreign Direct Investment (FDI) limit in the insurance sector was raised from 49% to 74%, attracting global investors.
    2. Bank Recapitalisation: ₹20,000 crore was allocated to recapitalise state-run banks, addressing the rising issue of bad loans.
    3. Strategic Divestments: The government aimed to raise ₹1.75 trillion by selling stakes in public sector companies, including IDBI Bank, and surplus land of state-owned firms.
  • Impact on the Markets

The 2021 Budget triggered a historic rally in the stock markets. On February 1, 2021, the NSE Nifty 50 surged by 4.7%, and the S&P BSE Sensex climbed 5%, marking their best budget-day performance in over two decades.

  • Social Welfare Initiatives

The government launched the ‘One Nation One Ration Card’ scheme to provide subsidised food grains to rural migrants during the pandemic. This initiative allowed beneficiaries to access food grains from any part of the country.

  • A Landmark in Fiscal History

The 2021 Union Budget remains a milestone for its focus on long-term economic resilience and its approach to reviving the economy after the pandemic.

Union Budget Highlights from Previous Years

Union Finance Minister Nirmala Sitharaman’s approach to budget-making over the years has evolved to address the challenges and opportunities of each specific year. Here’s a look at key highlights from the last Union Budgets:

Union Budget 2024: Key Highlights from FM Sitharaman’s Speech

In 2024, Finance Minister Sitharaman focused on supporting the poor, women, youth, and farmers while driving growth, job creation, and middle-class relief. Here are the main points:

  • Revision in Tax Slabs: Changes in the new tax regime with savings for taxpayers up to ₹17,500.
  • Increased Standard Deduction: Standard deduction for the new tax regime was raised from ₹50,000 to ₹75,000.
  • Capital Gains Taxes: Raised tax on short-term capital gains from 15% to 20% and long-term capital gains from 10% to 12.5%.
  • Fiscal Deficit Target: The fiscal deficit for FY25 is projected at 4.9% of GDP.
  • Customs Duty Reductions: Duty cuts on metals like gold, silver, and lithium, as well as customs duty reductions for mobile devices and cancer medicines.
  • Job Creation & Agriculture: ₹2 lakh crore allocated for job creation, focusing on skills for youth and women’s participation, and ₹1.52 lakh crore for agriculture and allied sectors.

Budget 2023: “Amrit Kaal” Vision

  • Focus on Opportunities: The vision centred on creating opportunities for citizens, especially the youth, and promoting growth and job creation.
  • Proposed Spending: ₹45.03 lakh crore, with ₹35.02 lakh crore allocated for revenue expenditure.
  • Tax Changes: The income tax rebate limit was raised from ₹5 lakh to ₹7 lakh, providing significant relief to the middle class. The highest surcharge rate on income above ₹5 crore was reduced from 37% to 25%.
  • Retirement Benefits: Tax exemption on leave encashment for private sector employees was increased to ₹25 lakh.
  • Capital Investment: A 33% increase in capital investment outlay to ₹10 lakh crore.

Budget 2022: Green Economy & AtmaNirbhar Bharat

  • Shorter Speech: Sitharaman delivered her shortest Budget speech to date, with no changes in income tax slabs.
  • Focus on Green Economy: A major emphasis on creating a greener economy and supporting “Made-in-India” initiatives.
  • Support for AtmaNirbhar Bharat: A Productivity Linked Incentive scheme was introduced in 14 sectors to boost domestic manufacturing.
  • Cryptocurrency & Digital Initiatives: A 30% tax was imposed on income from cryptocurrency transactions, alongside a 1% TDS on transactions exceeding a specified threshold. Announced the launch of the ‘Digital Rupee’ and e-passports with embedded chips.
  • Technology Push: Spectrum auctions and the rollout of 5G mobile services were planned for 2022-23.

Budget 2021: Post-Pandemic Economic Recovery

  • Focus on Recovery: Aimed at economic recovery post-COVID-19, with substantial allocations for healthcare and infrastructure.
  • Key Announcements: Introduction of the Agriculture Infrastructure Fund (AIF) and a voluntary vehicle scrappage policy to boost the auto sector.
  • Fiscal Deficit: Targeted fiscal deficit of 6.8% of GDP.
  • Proposed Spending: ₹34.83 lakh crore to stimulate growth and recovery.

Budget 2020: Navigating the Covid-19 Pandemic

  • Pandemic Response: Focused on reviving economic growth amid the challenges posed by COVID-19.
  • Sectoral Focus: Special attention was given to healthcare, agriculture, and infrastructure development.
  • Revised Deficit: The fiscal deficit was revised to 9.5% of GDP due to the pandemic’s economic impact.
  • Proposed Spending: ₹30.42 lakh crore aimed at containing the effects of the pandemic and boosting key sectors.

Budget 2019: Vision for the Decade

  • 10-Point Vision: The Budget presented a 10-point vision for economic development, infrastructure growth, and social justice.
  • Corporate Tax Cuts: Corporation tax rates were reduced to boost growth and attract investment.
  • Welfare Schemes: Schemes like Pradhan Mantri Kisan Samman Nidhi and Pradhan Mantri Laghu Vyapari Maan-dhan were introduced to benefit farmers and small traders.
  • Proposed Spending: ₹27.86 lakh crore aimed at supporting long-term economic development.

What to Expect in 2025: The Key Areas

As the Union Budget 2025 approaches, the focus will likely be on:

  • Tax Reliefs: Anticipated updates for tax slabs, with significant relief expected for middle-income groups earning up to ₹15 lakh annually.
  • Cryptocurrency Updates: Proposals for clearer regulation and possible taxation updates for cryptocurrencies.
  • Job Creation & Welfare: More focus on providing relief to youth, women, and farmers while driving employment opportunities in various sectors.

To understand more about major expectations from Union Budget 2025-26, click here.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

NTPC, Tata Power, and Others Surge as Renewable Energy Hits New Highs

On January 15, 2025, power stocks gained momentum, rising up to 7.1% during intraday trade. At 11:25 AM on the BSE:

Renewable Energy Capacity Hits New Highs

India’s renewable energy capacity grew significantly in 2024, increasing by 15.84% to 209.44 GW by December, compared to 180.80 GW in 2023. Key highlights include:

  • Solar Power: Added 24.54 GW, a 33.47% Y-o-Y growth, reaching 97.86 GW.
  • Wind Power: Increased by 3.42 GW, a 7.64% growth, totalling 48.16 GW.
    This growth was part of a record addition of 28.64 GW in 2024, more than double the 13.05 GW added in 2023, as reported by the Ministry of New & Renewable Energy (MNRE).

Q3 Power Sector Insights

Power utilities are expected to see moderate growth in Q3FY25. Key trends include:

  • Generation Trends: Total generation may rise 3% Y-o-Y to 429 billion units (BU).
    • Coal-based generation remains steady at 319BU.
    • Hydro generation surged 27% to 34BU.
    • Renewable generation is estimated to grow 14% Y-o-Y to 47BU.
    • Gas-based generation could fall by 20% Y-o-Y to 5.4BU.
  • Peak Demand: Likely to hold at 224GW, a 10% drop from the record 250GW seen in May 2024.

Market Dynamics and Pricing

  • Coal and Gas: Global coal prices fell due to oversupply and weak demand in China, with e-auction premiums at 65–70% in Q3FY25.
  • Trading Volume: Expected to grow 16% Y-o-Y to 30BU in Q3FY25, contributing to reduced exchange prices.
  • Day-Ahead Market Prices: Likely to average Rs 3.71 per unit in Q3FY25, a 26% Y-o-Y decline.

The robust growth in renewable energy capacity and stable performance of traditional power generation highlights the sector’s ongoing evolution.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

CCI Approves Ashoka Buildcon’s Strategic Stake Acquisitions

The Competition Commission of India (CCI) has approved Ashoka Buildcon’s (ABL) plan to acquire:

  1. 34% Stake in Ashoka Concessions (ACL): Along with convertible instruments of ACL by ABL and Viva Highways (Viva).
  2. 26% Stake in Jaora Nayagaon Toll Road Company (JN): To be acquired by Viva.

About the Companies Involved

Ashoka Buildcon Limited (ABL)

  • Core Business: Engineering, Procurement, and Construction (EPC) in sectors like roads and highways.
  • Operations: Manages road assets through various models:
    • EPC (Engineering, Procurement, and Construction)
    • BOT (Build, Operate, Transfer)
    • HAM (Hybrid Annuity Model)

Ashoka Buildcon share price is trading at ₹280.90, up ₹6.50 (2.37%) as of 12:20 PM IST on January 15, 2025, after opening at ₹276.00 and reaching a high of ₹283.90.

Ashoka Concessions Limited (ACL)

  • Role: Infrastructure arm of the Ashoka Group.
  • Focus: Specialises in operating and maintaining roads and highways across India through its subsidiaries.
  • Purpose: Formed by ABL to consolidate BOT-based road and highway projects under one entity.

Jaora Nayagaon Toll Road Company (JN)

  • Project Scope: A BOT concessionaire working on:
    • Reconstruction, strengthening, widening, and rehabilitation of State Highway-31 between 125 km and 250 km in Madhya Pradesh.
  • Contractor: Operates under a concession granted by the Madhya Pradesh Road Development Corporation.

Simplified Transaction Overview

  • ABL: Acquires a 34% stake and convertible instruments in ACL.
  • Viva: Purchases certain convertible instruments in ACL and a 26% stake in JN.

This move is expected to strengthen ABL’s infrastructure footprint and streamline its road and highway operations.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

FPIs Cut Stakes in Adani Group, Retail Investors Stay Firm

In the third quarter of 2024, Foreign Portfolio Investors (FPIs) sold off a portion of their stakes in several Adani group companies, contributing to a sharp decline in share prices since November’s US Department of Justice notice. However, retail investors and mutual funds largely maintained their stock positions.

FPIs Reduce Stakes in Key Adani Stocks

According to reports, FPIs reduced their holdings in 4 major Adani group stocks:

Retail Investors and Mutual Funds

While FPIs sold off their Adani holdings, retail investors increased their positions by 4-120 basis points across the Adani group stocks. Mutual funds largely held their ground, with only ACC Ltd seeing a slight decrease in their holdings.

Impact of November’s Selloff

The Adani group faced a major hit in November after reports emerged that Gautam Adani was accused of being involved in a $250 million bribery scheme tied to solar power contracts. However, the group clarified that neither Gautam Adani nor other executives were charged with violating US laws.

Recent Developments

Despite the challenges, Adani Green Energy decided to cancel its dollar bond offering. The group is also exiting its joint venture with Adani Wilmar in a strategic move to raise additional funds and manage its debt.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.