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Market Updates

The markets are expected to open flat or marginally down, as trends in the SGX Nifty indicate a mildly negative start for the broader index after Nifty closed 121 points lower at 17,706 on monday.

Bank of Maharashtra:

The bank has hiked lending rates for tenors across the board by 10 basis points, with effect from April 15, 2023.

Kolte-Patil Developers:

The company has allotted zero-coupon debentures worth Rs 206.5 crore with a tenure of 10 years to Japan’s Marubeni Corp. The funds will be used towards the company’s general corporate purposes.

Jubilant FoodWorks:

In a recent development, Coca Cola India has purchased a 15% stake in associate company Hashtag Loyalty at a pre-money valuation.The company’s stake in Hashtag has been reduced to 29.75% from 35%. The acquisition raised Rs 104.68 crore for Hashtag Loyalty.

IIFL Finance: The company will consider a proposal to raise funds via non-convertible debentures through private placement, as well as the financial results for three months and year ended March 2023.

Zee Entertainment:

Invesco on Monday divested its entire stake of 5.11% in Zee Entertainment Enterprises Ltd. for Rs 1,004 crore through an open market transaction. Segantii India Mauritius, Morgan Stanley Asia Singapore Pte and Goldman Sachs Singapore Pte ODI were among the buyers of the shares.

Poonawalla Fincorp:

Aditya Birla Sun Life Mutual Fund bought 72.94 lakh shares worth Rs 211.54 crore, amounting to 0.94% stake, in Poonawalla Fincorp Ltd. on Monday. The shares were sold at Rs 290 apiece, according to NSE data.

Q4 Earnings Results:

Network18 Media & Investments: Company's revenues were down 8.5% at Rs 1,484 crore, EBITDA was also down 78.5% at Rs 57.19 crore.Net loss stood at Rs 36.78 crore vs net profit of Rs 61.85 crore previous year.

Just Dial: Company's revenue were up by 5% at Rs 232.5 crore, Ebitda was also up by 36% at Rs 33.2 crore where Ebitda margin stood at at 14.2% vs 11% YoY basis.

Q4 Results Today:

ICICI Lombard General Insurance Company, Accelya Solutions India, Schaeffler India, Tata Coffee, Crisil.

Ex-Dividend Today:

MUTHOOT FINANCE LTD Interim Dividend of Rs. - 22.00.

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