Reliance Industries, Adani Ports and IndusInd Bank to see some action today

07 Apr 2021 Evaluate

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has entered into a definitive agreement with Bharti Airtel for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading. The trading agreement is in accordance with the Spectrum Trading Guidelines issued by the Department of Telecommunications and is subject to the requisite regulatory and statutory approvals. The aggregate value for the right to use this spectrum is Rs 1,497 crore, inclusive of present value of associated deferred payment liablity of Rs 459 crore, subject to any transaction related adjustments. 

In March 2021, Adani Ports and Special Economic Zone (APSEZ) has handled cargo volume of 26 MMT a growth of 41% on Year on Year basis and 23% on Month on Month basis. APSEZ handled cargo volume of 73 MMT in Q4FY21 registering a growth of 27% on Year on Year basis. The company handled cargo volume of 247 MMT in FY21 registering a growth of 11% on Year on Year basis.

IndusInd Bank has reported rise in net advances to Rs 2,13,049 crore as of March 31, 2021 (Q4FY21), a  marginal growth of 3% as compared to Rs 2,06,783 crore as of March 31, 2020. The Bank’s deposits also increased to Rs 2,56,158 crore in March 31, 2021, with growth of 27% as compared to Rs 2,02,040 crore as of March 31, 2020. The Bank had a current and savings account (CASA) ratio of 41.8% as on March 31, 2021, compared to 40.5% as on December 31, 2020 and 40.4% as on March 31, 2020.

Satia Industries has been awarded an order worth Rs 596.30 million from Rajasthan state textbook board, for supply of 8900 MT paper at a gross realization of Rs 67,000 per ton. The said order will be executed by or before the end of Q1FY22 i.e June 30, 2021. With the surge in per ton realization in paper prices which is at par or has crossed pre-Covid levels of Rs 60,000 per ton registering an increase of 25-30% in the average pricing/realization of different varieties of paper than the average realization of Rs 48,000 plus in FY20-21.

Vaibhav Global’s subsidiary -- Shop TJC, UK has launched a new and exclusive TV channel called TJC Beauty with the simple philosophy – beauty is for everyone. TJC Beauty will provide the customer with trustworthy reviews and expert insights to guide them through the often overwhelming and bewildering beauty market. With expert presenters and guests, the customers will be able to explore trends, find new favorites or pick up classic products that make them feel like the best. TJC Beauty will be streamed on 5USA from 6:00 am to 10:00 am daily. Previously, it was only available online, but now can be watched by customers on satellite as well.

Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has commenced bookings for the updated version of F-PACE SUV. With new exterior, all-new interior, latest generation Pivi Pro infotainment and the choice of in-line four-cylinder petrol and diesel engines, the new F-PACE is more luxurious, connected and efficient.

IDFC First Bank’s Capital Raising Committee has approved the issue and allotment of 52,31,03,660 Equity Shares of face value of Rs 10 each to qualified institutional buyers at an issue price of Rs 57.35 per Equity Share (including a premium of Rs 47.35 per Equity Share), aggregating to Rs 3,000 crore pursuant to the Issue. Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the Bank stands increased to Rs 6198,95,35,150 consisting of 619,89,53,515 Equity Shares. The Capital Raising Committee at its meeting held on April 06, 2021, has approved the issue and allotment of the same.

Reliance Industries Share Price

2976.80 -11.05 (-0.37%)
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