Nexus Select Trust REIT
Blackstone Group-backed Nexus Select Trust, a retail mall Real Estate Investment Trust (REIT), has revealed the pricing range for its impending initial public offering (IPO) in India. The price range for each share is fixed at Rs. 95–100. The IPO’s subscription period will begin on May 9 and end on May 11, with subscriptions for anchor investors beginning on May 8. Allotment will be finalised on May 16, reimbursements will start on May 17, and stock listings on exchanges will happen on May 19.
Adani Ports
Adani Ports and Special Economic Zone Ltd (APSEZ) has announced the successful sale of its Myanmar Port for a total of USD 30 million. The sale was finalized after a Share Purchase Agreement (SPA) was signed in May 2022, which included certain conditions that needed to be met before the transaction could be completed.
Adani Enterprises
Adani Enterprises releases Consolidated Quarterly Results for March 31, 2023. Adani Enterprises has announced an increase in total income from Rs. 26950.83 Crores as of December 31, 2022, to Rs. 31716.40 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 820.06 Crores as of December 31, 2022, to Rs. 722.48 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 7.21 on December 31, 2022, to Rs. 6.34 on March 31, 2023, according to the company’s statement.
HDFC
HDFC releases Consolidated Quarterly Results for March 31, 2023. HDFC has announced an increase in total income from Rs. 41223.06 Crores as of December 31, 2022, to Rs. 44653.97 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 6675.25 Crores as of December 31, 2022, to Rs. 7623.58 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 35.59 on December 31, 2022, to Rs. 41.87 on March 31, 2023, according to the company’s statement.
Dabur India
Dabur India releases Consolidated Quarterly Results for March 31, 2023. Dabur India has announced an increase in total income from Rs. 3144.01 Crores as of December 31, 2022, to Rs. 2798.52 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 475.94 Crores as of December 31, 2022, to Rs. 300.83 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 2.69 on December 31, 2022, to Rs. 1.70 on March 31, 2023, according to the company’s statement.
Hero Motocorp
Hero Motocorp releases Consolidated Quarterly Results for March 31, 2023. Hero Motocorp has announced an increase in total income from Rs. 8300.28 Crores as of December 31, 2022, to Rs. 8671.82 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 726.03 Crores as of December 31, 2022, to Rs. 805.12 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 36.33 on December 31, 2022, to Rs. 40.29 on March 31, 2023, according to the company’s statement.
Tata Power
Tata Power releases Consolidated Quarterly Results for March 31, 2023. Tata Power has announced an increase in total income from Rs. 14401.95 Crores as of December 31, 2022, to Rs. 13325.30 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 945.02 Crores as of December 31, 2022, to Rs. 777.73 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 2.95 on December 31, 2022, to Rs. 2.43 on March 31, 2023, according to the company’s statement.
TVS
TVS releases Consolidated Quarterly Results for March 31, 2023. TVS has announced an increase in total income from Rs. 8075.06 Crores as of December 31, 2022, to Rs. 8098.54 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 300.89 Crores as of December 31, 2022, to Rs. 336.10 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 6.33 on December 31, 2022, to Rs. 7.07 on March 31, 2023, according to the company’s statement.
Adani Group
Indian conglomerate, Adani Transmission Ltd., intends to purchase up to $100 million of bonds issued by one of its units to increase investor confidence, according to sources familiar with the matter. Adani Electricity Mumbai Ltd., a wholly-owned subsidiary of Adani Transmission, will soon make an announcement regarding the bond buyback, the sources said. Some banks are working with Adani Transmission to facilitate the deal, one of the sources added. A representative from Adani Group declined to comment on the matter.
Blue Star
Blue Star releases Consolidated Quarterly Results for March 31, 2023. Blue Star has announced an increase in total income from Rs. 1799.33 Crores as of December 31, 2022, to Rs. 2630.48 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 58.41 Crores as of December 31, 2022, to Rs. 225.25 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 6.06 on December 31, 2022, to Rs. 23.39 on March 31, 2023, according to the company’s statement.
Coal India
According to news agency PTI, Coal India will be investing ₹91,000 crore in various projects, including diversification and mine development, by 2025-26. The Public Enterprises Selection Board (PSEB) recently recommended PM Prasad as the next Chairman and Managing Director of Coal India. Prasad is expected to take charge of India’s largest coal miner, which accounts for almost 80% of the mined commodity, from July 1.
HDFC
Housing Development Finance Corporation Ltd has successfully divested a portion of its equity shares in Siti Networks Limited (“Siti”), amounting to 1,87,06,774 shares with a face value of Re. 1 each. This represents 2.15% of the paid-up share capital of Siti. The move will bring down the Corporation’s ownership in Siti to 5,66,67,989 equity shares, or 6.49% of its paid-up share capital.
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