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Research Analyst

Monthly Corporate Action Tracker

Dossier of key corporate actions in January, 2020

Amit Gupta Bharat Chhoda Cheragh Sidhwa

[email protected] [email protected] [email protected]

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Corporate Action Tracker - January 2020

Preferential allotment in December 2019

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Board meetings for January 2020

Major stakeholder’s activity in December 2019

Stock split and open offer for January 2020

Announced and probable dividend1

Historical trends of corporate actions6

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Companies likely to pay dividend in January 2020

Probable dividend

Source: Capitaline, ICICI Direct Research

Company Dividend Face value Dividend Dividend Yield Ex-date

(%) (|) (|/share) (%)

Coromandel Inter 300.00 1.00 3 0.7 31/01/2019

Zensar Tech. 50.00 2.00 1 0.4 31/01/2019

Phillips Carbon 175.00 2.00 3.5 2.2 28/01/2019

Shree Cement 250.00 10.00 25 0.2 29/01/2019

Siemens 350.00 2.00 7 0.7 28/01/2019

Sundaram Clayton 400.00 5.00 20 0.7 31/01/2019

Wipro 50.00 2.00 1 0.4 29/01/2019

JM Financial 50.00 1.00 0.5 0.6 31/01/2019

Infosys 80.00 5.00 4 0.5 24/01/2019

Trident 12.00 1.00 0.12 1.8 24/01/2019

TCS 400.00 1.00 4 0.2 17/01/2019

Reliance Nip.Lif 30.00 10.00 3 2.2 31/01/2019

Hatsun AgroProd. 200.00 1.00 2 0.3 31/01/2019

Delta Corp 60.00 1.00 0.6 0.2 18/01/2019

Mindtree 30.00 10.00 3 0.3 23/01/2019

Motil.Oswal.Fin. 400.00 1.00 4 0.6 25/01/2019

Bajaj Consumer 1400.00 1.00 14 3.8 18/01/2019

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Board meetings scheduled in January 2020

Board meetings in January 2020


Company name Meeting date Board meeting purpose

Infosys 10/1/2020 Quarterly Results

Steel Str. Wheel 10/1/2020 Quarterly Results

Avenue Super. 11/1/2020 Quarterly Results

Tata Elxsi 13/01/2020 Quarterly Results

Delta Corp 13/01/2020 Others

Wipro 14/01/2020 Quarterly Results,Interim Dividend

IndusInd Bank 14/01/2020 Quarterly Results

Bandhan Bank 14/01/2020 Quarterly Results

L & T Infotech 15/01/2020 Quarterly Results

Cyient 16/01/2020 Quarterly Results

Rallis India 16/01/2020 Accounts

Karnataka Bank 16/01/2020 Nine Months Results

Dishman Carbogen 16/01/2020 Others

5Paisa Capital 16/01/2020 Quarterly Results

HCL Technologies 17/01/2020 Quarterly Results,Interim Dividend

ICICI Lombard 17/01/2020 Quarterly Results

L&T Fin.Holdings 17/01/2020 Quarterly Results

L&T Technology 17/01/2020 Quarterly Results

Blue Dart Exp. 17/01/2020 Quarterly Results

HDFC Bank 18/01/2020 Quarterly Results



C P C L 18/01/2020 Quarterly Results

GNA Axles 18/01/2020 Quarterly Results

Can Fin Homes 20/01/2020 Quarterly Results,Private Placement Basis

HFCL 20/01/2020 Quarterly Results

ICICI Pru Life 21/01/2020 Quarterly Results

HDFC AMC 21/01/2020 Quarterly Results

Axis Bank 22/01/2020 Quarterly Results

Asian Paints 22/01/2020 Quarterly Results

Syngene Intl. 22/01/2020 Quarterly Results

VST Inds. 22/01/2020 Quarterly Results

Raymond 22/01/2020 Quarterly Results

CEAT 22/01/2020 Quarterly Results

Agro Tech Foods. 22/01/2020 Quarterly Results

Cigniti Tech. 22/01/2020 Others

HDFC Life Insur. 23/01/2020 Quarterly Results

Biocon 23/01/2020 Quarterly Results

Canara Bank 23/01/2020 Quarterly Results

PVR 23/01/2020 Quarterly Results

PNB Housing 23/01/2020 Quarterly Results


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Board meetings scheduled in January 2020






Zensar Tech. 23/01/2020 Quarterly Results,Interim Dividend

D B Corp 23/01/2020 Quarterly Results,Interim Dividend

GHCL 23/01/2020 Quarterly Results

Indoco Remedies 23/01/2020 Others

EIH Assoc.Hotels 23/01/2020 Quarterly Results

Kokuyo Camlin 23/01/2020 Quarterly Results

JSW Steel 24/01/2020 Quarterly Results

Atul 24/01/2020 Quarterly Results

EIH 24/01/2020 Quarterly Results,Nine Months Results

Kirl. Ferrous 24/01/2020 Quarterly Results

ICICI Bank 25/01/2020 Quarterly Results

H D F C 27/01/2020 Quarterly Results,Private Placement Basis

Dr Reddy's Labs 27/01/2020 Quarterly Results

TTK Prestige 27/01/2020 Quarterly Results

Navin Fluo.Intl. 27/01/2020 Quarterly Results

Lak. Mach. Works 27/01/2020 Quarterly Results

TCI Express 27/01/2020 Quarterly Results

Mahindra Life. 27/01/2020 Quarterly Results,Nine Months Results

M & M Fin. Serv. 28/01/2020 Quarterly Results

WABCO India 28/01/2020 Quarterly Results

Mah. Scooters 28/01/2020 Others

Tata Coffee 28/01/2020 Quarterly Results

Swaraj Engines 28/01/2020 Quarterly Results

Sagar Cements 28/01/2020 Quarterly Results

Ramco Systems 28/01/2020 Quarterly Results


Bajaj Finserv 29/01/2020 Quarterly Results

Godrej Consumer 29/01/2020 Quarterly Results,Interim Dividend

Pidilite Inds. 29/01/2020 Others

IDFC First Bank 29/01/2020 Quarterly Results

The Ramco Cement 29/01/2020 Quarterly Results

NIIT Tech. 29/01/2020 Quarterly Results

Transport Corp. 29/01/2020 Quarterly Results

Ramco Inds. 29/01/2020 Quarterly Results

TajGVK Hotels 29/01/2020 Quarterly Results

Foseco India 29/01/2020 Accounts,Final Dividend

Dabur India 30/01/2020 Quarterly Results

Marico 30/01/2020 Quarterly Results,Interim Dividend

Colgate-Palm. 30/01/2020 Quarterly Results

Persistent Sys 30/01/2020 Quarterly Results,Interim Dividend

NOCIL 30/01/2020 Quarterly Results

Heritage Foods 30/01/2020 Quarterly Results

Balaji Amines 30/01/2020 Others

Oriental Carbon 30/01/2020 Quarterly Results

Tech Mahindra 31/01/2020 Quarterly Results

Kansai Nerolac 31/01/2020 Quarterly Results

Timken India 31/01/2020 Quarterly Results

Navneet Educat. 31/01/2020 Quarterly Results

Natl.Fertilizer 31/01/2020 Quarterly Results

Ugro Capital 31/01/2020 Quarterly Results

L G Balakrishnan 31/01/2020 Quarterly Results,Nine Months Results

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Corporate actions announced in January 2020

Stock Split


Ongoing open offer


Face value before Face value after

Company Name Ratio split split Record date

Security & Intel 2:1 10.0 5.0 15/01/2020

Vinati Organics 2:1 2.0 1.0 NA

Offer Start Offer Close Offer Price Proposed Acquisition Proposed Acquisition

Company Date Date (|) (No. of shares in crore) (% Capital)

Gati 28/01/2020 10/2/2020 75.0 3.2 26.0

Accelya Solution 13/02/2020 28/02/2020 944.2 0.4 25.3

Snowman Logistic 18/02/2019 4/3/2020 44.0 4.3 26.0

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Major stakeholder’s activity seen in December 2019


Key Highlights

JSGG Infra Developers LLP purchased 270.1 lakh shares (1.5%) of Dish TV

Jwalamukhi Investment Holdings purchased 17.7 lakh shares (4.4%) of IFB Industries

MAP Auto Ltd (promoter) purchased 27.4 lakh shares (0.7%) of Jamna Auto Inds.

HDFC Asset Management Company purchased 15.5 lakh shares (2.0%) of Persistent Systems

Pabrai Investment Funds purchased 16.2 lakh shares (2.1%) of Kolte Patil Dev.

SBI Funds Management sold 48.4 lakh shares (1.4%) of Equitas Holdings

Reliance Nippon Life Asset Management sold 7.5 lakh shares (3.7%) of Federal-Mogul Go.

ICICI Prudential Life Insurance Company sold 78.4 lakh shares (2.6%) of Jagran Prakashan

Life Insurance Corporation of India sold 34.0 lakh shares (2.0%) of Glaxosmi. Pharma


Company No of shares Bought/Sold Total Equity Net change % of total

(In lakhs) (In lakhs) (%)

Dish TV 270.1 18412.9 1.5

IFB Inds. 17.7 405.2 4.4

Jamna Auto Inds. 27.4 3984.6 0.7

Persistent Sys 15.5 769.7 2.0

Kolte Patil Dev. 16.2 758.1 2.1

Equitas Holdings -48.4 3417.9 -1.4

Federal-Mogul Go -7.5 556.3 -3.7

Jagran Prakashan -78.4 2964.1 -2.6

Glaxosmi. Pharma -34.0 1694.1 -2.0

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On a month-on-month basis, the momentum related to raising money (in terms of number of companies) through preferential allotment

declined in December 2019. Thirteen companies raised capital through preferential allotment route in December compared to Eighteen

companies in November. Tata Motor, Raymond,, Bank of Baroda, Indian Bank along with RBL Bank and Prestige Estates were prominent

companies that raised capital through preferential allotment in December 2019. Overall the preferential allotment has declined as a funding

route over FY17-FY19 route. For full year CY18, 223 companies had raised capital through preferential allotment compared to 243 companies in

CY17 and 142 companies for CY19.



Company No.of Eq. Shares Face Value Issue Price Issued To Issued Category Date of allotment

(in crore) (|) (|)

Raymond 0.33 10 674 J. K. Investo Trade (India) Limited Promoter Group 12/12/2019

Tata Motors 20.16 2 150 Tata Sons Pvt Ltd Promoter 5/12/2019

Bank of Baroda 65.15 2 107.45 Government of India Promoter 12/12/2019

RBL Bank 5.77 10 351 NA QIP 6/12/2019

RBL Bank 1.98 10 340.7 East Bridge Capital Master Fund Ltd & PACs NA 30/12/2019

Indian Bank 11.73 10 216.09 NA Government Of India 3/12/2019

Arman Financial 0.08 10 0 NA NA 12/12/2019

Prestige Estates 1.34 10 323.22 NA Qualified Institutional Buyers 20/12/2019

Rattanindia Pow. 80.57 10 10 Power Finance Corporation of India Ltd NA 27/12/2019

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Historical trend of rights and bonus issues

Number of rights issues- CNX 500 Number of bonus issues- CNX 500

Key Highlights

Of the CNX 500 companies, three used the rights issue method to raise capital in CY19 compared to five in CY18

Total 16 companies had announced bonus issue in CY19 compared to 20 in CY17


6

8 8

5 5

7

5

2

7

5

3

0

2

4

6

8

10

CY09

CY10

CY11

CY12

CY13

CY14

CY15

CY16

CY17

C

Y18

C

Y19

Number of rights Issue (CNX 500 Companies)

8

28

1412 12

10

1716

29

20

16

0

5

10

15

20

25

30

35

CY09 CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17 CY18 CY19

Number of Bonus Issues

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Historical trend of stock splits and dividend payouts

Number of stock splits- CNX 500 Average dividend payout ratio (%) for CNX 500

Key Highlights


four companies had announced a stock split in CY19 compared to eight in CY18

11

39

18

7 6

12 1315

108

4

0

5

10

15

20

25

30

35

40

45

CY09 CY10 CY011 CY12 CY13 CY14 CY15 CY16 CY17 CY18 CY19

Number of stock Split

20.4

25.227.1

28.129.2

31.132.5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

FY13 FY14 FY15 FY16 FY17 FY18 FY19

Dividend Payout Ratio

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Pankaj Pandey Head – Research [email protected]

ICICI Direct Research Desk,

ICICI Securities Limited,

1st

Floor, Akruti Trade Centre,

Road no.7, MIDC

Andheri (East)

Mumbai – 400 093

[email protected]

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ANALYST CERTIFICATION

I/We, Amit Gupta B.E, MBA (Finance), Bharat Chhoda, MBA and Cheragh Sidhwa, MBA Research Analysts, authors and the names subscribed to this report, hereby certify that all of the views expressed in this research reportaccurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.Analysts are not registered as research analysts by FINRA and are not associated persons of the ICICI Securities Inc. It is also confirmed that above mentioned Analysts of this report have not received any compensation from thecompanies mentioned in the report in the preceding twelve months and do not serve as an officer, director or employee of the companies mentioned in the report.

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