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Research Analyst
Monthly Corporate Action Tracker
Dossier of key corporate actions in May, 2020
Amit Gupta Bharat Chhoda Cheragh Sidhwa
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Corporate Action Tracker - May 2020
Preferential allotment in April 2020
2
3
4
5
Board meetings for May 2020
Major stakeholder’s activity in April 2020
Stock split for May 2020
Announced and probable dividend1
Historical trends of corporate actions6
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Companies likely to pay dividend in May 2020
Probable dividend
Source: Capitaline, ICICI Direct Research
Probable dividend
Source: Capitaline, ICICI Direct Research.
C o m p an y Divid e n d Face valu e Divid e n d Divid e n d Yie ld Ex-d ate
(%) (|) (|/s h are ) (%)
Proc. G am. Heal. 240.00 10.00 24 0.6 23/05/2019
Nes tle India 230.00 10.00 23 0.2 6/5/2019
L inde India 15.00 10.00 1.5 0.3 8/5/2019
Cas trol India 55.00 5.00 2.75 1.9 9/5/2019
ITC 575.00 1.00 5.75 1.9 22/05/2019
Raymond 30.00 10.00 3 0.4 23/05/2019
Sundram Fas ten. 310.00 1.00 3.1 0.6 20/05/2019
Tata Consumer 250.00 1.00 2.5 1.1 24/05/2019
K ennameta l India 20.00 10.00 2 0.2 24/05/2019
G HCL 50.00 10.00 5 2.0 22/05/2019
JM Financia l 50.00 1.00 0.5 0.6 10/5/2019
UPL 400.00 2.00 8 1.2 28/05/2019
M R P L 10.00 10.00 1 1.6 30/05/2019
C o m p an y Divid e n d Face valu e Divid e n d Divid e n d Yie ld Ex-d ate
(%) (|) (|/s h are ) (%)
Trident 6.00 1.00 0.06 0.9 29/05/2019
HCL Technologies 100.00 2.00 2 0.4 16/05/2019
Manappuram Fin. 27.50 2.00 0.55 0.4 27/05/2019
Hexaw are Tech. 125.00 2.00 2.5 0.7 7/5/2019
Page Indus tries 410.00 10.00 41 0.2 30/05/2019
Nippon L ife Ind. 30.00 10.00 3 1.6 9/5/2019
Hatsun A groProd. 200.00 1.00 2 0.3 9/5/2019
Cyient 180.00 5.00 9 1.6 30/05/2019
DCB Bank 10.00 10.00 1 0.4 23/05/2019
G odrej Consumer 200.00 1.00 2 0.3 10/5/2019
Indiabulls V ent. 50.00 2.00 1 0.4 8/5/2019
D B Corp 80.00 10.00 8 4.1 27/05/2019
Indiabulls Hous . 500.00 2.00 10 1.5 7/5/2019
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Corporate Action Tracker - May 2020
Preferential allotment in April 2020
2
3
4
5
Board meetings for May 2020
Major stakeholder’s activity in April 2020
Stock split for May 2020
Announced and probable dividend1
Historical trends of corporate actions6
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Board meetings scheduled in May 2020
Board meetings in May 2020
Source: Capitaline, ICICI Direct Research
Board meetings in May 2020
Source: Capitaline, ICICI Direct Research
C o m p an y n am e Me e tin g d ate Bo ard m e e tin g p u rp o s e
SK F India 7/5/2020 Div idend,Q uarterly Results
G illette India 7/5/2020 Q uarterly Results
HCL Technologies 7/5/2020 A ccounts ,Fina l Div idend
Cyient 7/5/2020 Q uarterly Results
Cigniti Tech. 7/5/2020 A ccounts
Health.G lobal 7/5/2020 Preferentia l Is sue
Crompton G r. Con 7/5/2020 Rais ing funds through Debt Ins tr.
Solara A ctive 7/5/2020 Q uarterly Results ,Div idend
P & G Hygiene 8/5/2020 Q uarterly Results
Sw araj Engines 8/5/2020 A ccounts ,Div idend
R Sys tems Intl. 8/5/2020 Q uarterly Results ,Employee Stock O ption
TCI Express 8/5/2020 A ccounts ,Q uarterly Results
IC ICI Bank 9/5/2020 Q uarterly Results
Capri G lobal 9/5/2020 Q uarterly Results ,Div idend,Preferentia l Is sue
HDFC A MC 9/5/2020 Div idend,Q uarterly Results
A DF Foods 11/5/2020 Q uarterly Results ,Fina l Div idend
Sonata Sof tw are 11/5/2020 Q uarterly Results
G odrej A grovet 11/5/2020 Q uarterly Results ,Fina l Div idend
Nes tle India 12/5/2020 Q uarterly Results
Prism Johnson 12/5/2020 Q uarterly Results
C o m p an y n am e Me e tin g d ate Bo ard m e e tin g p u rp o s e
Syngene Intl. 12/5/2020 Q uarterly Results
A B B 13/05/2020 Q uarterly Results
K ennameta l India 13/05/2020 Q uarterly Results
Mphas is 13/05/2020 Div idend
Mphas is 13/05/2020 A ccounts ,Fina l Div idend
Z ensar Tech. 14/05/2020 Q uarterly Results
Biocon 14/05/2020 A ccounts
Tas ty Bite Eat. 15/05/2020 A ccounts ,Fina l Div idend
L&T Technology 15/05/2020 Q uarterly Results ,Fina l Div idend
Nirlon 19/05/2020 A ccounts
Transport Corp. 19/05/2020 A ccounts
Rane Brake L in. 19/05/2020 Q uarterly Results
Dr Reddy's Labs 20/05/2020 Q uarterly Results ,Div idend
Ugro Capita l 20/05/2020 A ccounts
Rane (Madras ) 20/05/2020 Q uarterly Results
Hind.Z inc 21/05/2020 Q uarterly Results ,Div idend
G MM Pfaudler 23/05/2020 A ccounts ,Div idend
Rane Holdings 27/05/2020 Q uarterly Results
Heritage Foods 27/05/2020 A ccounts ,Div idend,A G M
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Corporate Action Tracker - May 2020
Preferential allotment in April 2020
2
3
4
5
Board meetings for May 2020
Major stakeholder’s activity in April 2020
Stock split for May 2020
Announced and probable dividend1
Historical trends of corporate actions6
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Corporate actions announced in May 2020
Stock Split
Source: Capitaline, ICICI Direct Research
Face valu e b e fo re Face valu e afte r
C o m p an y Nam e Ratio s p lit s p lit Re co rd d ate
K uantum Papers 10:1 10.0 1.0 NA
Laurus Labs 5:1 10.0 2.0 NA
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Corporate Action Tracker - May 2020
Preferential allotment in April 2020
2
3
4
5
Board meetings for May 2020
Major stakeholder’s activity in April 2020
Stock split for May 2020
Announced and probable dividend1
Historical trends of corporate actions6
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Major stakeholder’s activity seen in April 2020
Major stakeholder’s activity in April 2020
Key Highlights
SBI Mutual Fund purchased 0.7 lakh shares (0.6%) of Page Industries
HDFC Asset Management purchased 5.0 lakh shares (0.4%) of Suprajit Engineering
Schroder Investment Management purchased 28.3 lakh shares (1.8%) of Phoenix Mills
DSP Trustee Pvt Ltd purchased 0.8 lakh shares (0.4%) of V-Mart Retail
SMALLCAP World Fund purchased 10.2 lakh shares (2.0%) of Metropolis Health
FMR LLC & FIL Ltd sold 11.0 lakh shares (0.5%) of Zensar Tech
L&T Investments Management sold 10.1 lakh shares (2.4%) of BEML Ltd
Stichting Depositary APG sold 7.4 lakh shares (0.5%) of SH Kelkar & Co
L&T Mutual Fund sold 21.2 lakh shares (2.2%) of Sobha
Arisaig India Fund Ltd sold 15.5 lakh shares (1.0%) of Westlife Development
Source: Capitaline, ICICI Direct Research
C o m p an y No o f s h are s Bo u g h t/So ld T o tal Eq u ity Ne t ch an g e % o f to tal
(In lak h s ) (In lak h s ) (%)
Page Indus tries 0.7 111.5 0.6
Suprajit Engg. 5.0 1398.7 0.4
Phoenix Mills 28.3 1534.6 1.8
V -Mart Reta il 0.8 181.6 0.4
Metropolis Healt 10.2 506.3 2.0
Z ensar Tech. -11.0 2251.8 -0.5
BEML L td -10.1 416.4 -2.4
S H K elkar & Co. -7.4 1413.2 -0.5
Sobha -21.2 948.5 -2.2
Westlife Develop -15.5 1556.0 -1.0
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Corporate Action Tracker - May 2020
Preferential allotment in April 2020
2
3
4
5
Board meetings for May 2020
Major stakeholder’s activity in April 2020
Stock split for May 2020
Announced and probable dividend1
Historical trends of corporate actions6
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Preferential allotment in April 2020
On a month on month (MoM) basis, the momentum related to raising money (in terms of number of companies) through preferential allotment
remained subdued in April 2020 due to Covid-19 impact. Only three companies raised capital through the preferential allotment route in April
2020 compared to four companies in March 2020. Suzlon Energy, Dhanvarsha Finvest raised capital through preferential allotment in April
2020. Overall, preferential allotment has declined as a funding route over FY17-19. For full year CY18, 223 companies had raised capital through
preferential allotment compared to 243 companies in CY17 and 142 companies for CY19. For YTD CY20, 33 companies have raised capital
through preferential allotment.
Preferential allotment in April 2020
Source: Capitaline, ICICI Direct Research
C o m p an y No .o f Eq . Sh are s Face V alu e Is s u e Pr ice Is s u e d To Is s u e d C ate g o ry Date o f allo tm e n t
(in cro re ) (|) (|)
Suz lon Energy 100.00 2 0.0 NA NA 18/04/2020
Dhanvarsha Finv. 0.08 10 64.5 Truvalue A gro V entures Private L imited NA 3/4/2020
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Corporate Action Tracker - May 2020
Preferential allotment in April 2020
2
3
4
5
Board meetings for May 2020
Major stakeholder’s activity in April 2020
Stock split for May 2020
Announced and probable dividend1
Historical trends of corporate actions6
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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
Source: Capitaline, ICICI Direct Research
6
8 8
5 5
7
5
2
7
5
3
1
0
2
4
6
8
10
CY09
CY10
CY11
CY12
CY13
CY14
CY15
CY16
CY17
C
Y18
C
Y19
CY20 (
Upto…
Number of rights Issue (CNX 500 Companies)
8
28
1412 12
10
1716
29
20
16
0
0
5
10
15
20
25
30
35
CY09
CY10
CY11
CY12
CY13
CY14
CY15
CY16
CY17
CY18
CY19
CY20…
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
Source: Capitaline, ICICI Direct Research
Four companies had announced a stock split in CY19 compared to eight in CY18
11
39
18
7 6
12 1315
108
42
0
5
10
15
20
25
30
35
40
45
CY
09
CY
10
CY
011
CY
12
CY
13
CY
14
CY
15
CY
16
CY
17
CY
18
CY
19
CY
20 (
Upto
Ap
r 202
0)
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
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