Latest news with #Bhartia
News18
a day ago
- Business
- News18
Block Trades Boost Jubilant Stocks: Ingrevia Soars 11%, FoodWorks Up 2.5%
Last Updated: Jubilant Block Deal: Shares of Jubilant Group companies rallied on June 13 following large block deals Jubilant Block Deal: Shares of Jubilant Group companies rallied on June 13 following large block deals, with market participants attributing the trades to promoter stake sales aimed at funding the group's upcoming acquisition of a strategic stake in Hindustan Coca-Cola Beverages (HCCB). Jubilant FoodWorks rose 2.5% on the NSE, while Jubilant Ingrevia surged over 11% as significant chunks of equity changed hands via block trades. According to exchange data, five block deals involving 1.06 crore shares — or 1.6% of Jubilant FoodWorks' equity — were executed. Meanwhile, six block trades in Jubilant Ingrevia saw 98.7 lakh shares (6.2% equity) change hands. In addition, Jubilant Pharmova witnessed a single block trade comprising 48 lakh shares, amounting to roughly 3% of its equity. The cumulative value of the block transactions across the three companies is estimated at Rs 1,896 crore, as per market sources. According to reports, the Bhartia family — promoters of the Jubilant Group — likely offloaded these stakes to partially fund their earlier-announced Rs 12,500 crore investment in Hindustan Coca-Cola Holdings (HCCH). In December, the group said it would acquire a 40% stake in HCCH via its subsidiary, Jubilant Beverages Ltd. HCCH is the parent company of HCCB, India's largest bottler for Coca-Cola. Jubilant FoodWorks operates the Domino's Pizza franchise across India, Nepal, Sri Lanka, and Bangladesh. It also manages Dunkin', Popeyes, and homegrown brands like Ekdum! and Hong's Kitchen. As of June 13, its market cap stood at around Rs 45,000 crore. Jubilant Pharmova, the group's pharma and life sciences arm, focuses on sterile injectables, contract research, allergy therapy, and radiopharmaceuticals. Its market capitalisation was Rs 17,760 crore. Jubilant Ingrevia operates in the life sciences and specialty chemicals segment, manufacturing products such as vitamin B3 and B4, pyridine derivatives, and ethanol. It also provides CDMO (contract development and manufacturing) services, with a market cap of nearly Rs 12,000 crore. First Published:
Business Upturn
a day ago
- Business
- Business Upturn
Jubilant Ingrevia shares jump nearly 5% after block deal worth Rs 666.88 crore
By Aditya Bhagchandani Published on June 13, 2025, 09:37 IST Shares of Jubilant Ingrevia Ltd surged 4.52% to ₹712.80 on Friday morning following a large block deal involving 98.65 lakh shares. The deal, valued at ₹666.88 crore, saw shares exchanged at ₹676 apiece — slightly below the previous close of ₹682. This transaction is part of the Bhartia family's broader stake sale across its group companies, including Jubilant FoodWorks and Jubilant Pharmova, as reported by CNBC-TV18. Morgan Stanley acted as the broker for the block deals. Jubilant Ingrevia Block Deal: 98.65 lakh shares worth Rs 666.88 crore change hands Jubilant Ingrevia, a key player in life sciences ingredients and specialty chemicals, has been expanding its global reach and innovation pipeline. Despite the discount pricing, strong investor demand for the stock pushed it nearly 5% higher, making it one of the top gainers on the NSE today. The company's market cap stood at ₹112.80 billion, with shares touching an intraday high of ₹724. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
a day ago
- Business
- News18
Bhartia Family Likely To Offload Stakes In Three Jubilant Companies Via Block Deals
Last Updated: The Bhartia family, promoters of the Jubilant Group, is preparing to offload partial stakes in its listed entities via block deals The Bhartia family, promoters of the Jubilant Group, is preparing to offload partial stakes in its listed entities via block deals, sources told The move comes as part of a broader strategy to raise funds, possibly linked to its planned investment in the beverage sector. According to sources, the promoter group will sell 1.32 crore shares of Jubilant FoodWorks, 56 lakh shares of Jubilant Pharmova, and 1.2 crore shares of Jubilant Ingrevia through these transactions. In Jubilant FoodWorks, the promoter is expected to divest a 2% stake at a floor price of Rs 641 per share, with Morgan Stanley acting as the broker for the deal. Meanwhile, the Jubilant Ingrevia stake sale will see the Bhartia family offload 7.53% of the company at a floor price of Rs 627.45 per share, representing an 8% discount to the current market price. Earlier, on June 12, Moneycontrol reported that the Bhartia family was eyeing block deals in listed Jubilant firms to help fund its acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB)—the Indian bottling arm of global beverage giant Coca-Cola. The landmark transaction was first announced in December 2023, when Jubilant Bhartia Group revealed it had entered into a definitive agreement to acquire 40% equity in Hindustan Coca-Cola Holdings (HCCH)—the parent of HCCB—through Jubilant Beverages Ltd, for a total consideration of Rs 12,500 crore. HCCB is the single-largest bottling partner for Coca-Cola in India, making the acquisition a major strategic move for the group's future diversification. Jubilant FoodWorks Ltd is the master franchisee for Domino's Pizza in India, Nepal, Sri Lanka, and Bangladesh. It also operates Dunkin' Donuts and Popeyes, alongside its own brands Ekdum! and Hong's Kitchen. As of June 12, the company had a market capitalisation of Rs 43,795 crore. Jubilant Pharmova Ltd, the group's pharmaceutical and contract research arm, operates in sterile injectables, novel drug discovery, CRO services, allergenic extracts, and U.S.-based radio-pharmacy businesses. Its market cap is around Rs 17,760 crore. Jubilant Ingrevia Ltd is the group's demerged life sciences and specialty chemicals business, engaged in the production of vitamins B3 and B4, pyridine derivatives, ethanol, and CDMO (Contract Development and Manufacturing Organization) services. As of June 12, it had a market capitalisation of Rs 10,753 crore. Shares of Jubilant FoodWorks Ltd closed at Rs 665.75 on the BSE, down Rs 20.10, or 2.93%, while Jubilant Ingrevia Ltd ended at Rs 683.45, up Rs 4.80, or 0.71%. Jubilant Pharmova Ltd settled at Rs 1,125, down Rs 19.90, or 1.74%. First Published: June 13, 2025, 07:29 IST
India Today
2 days ago
- Business
- India Today
Stocks to watch on June 13: Tata Group, RIL, HCL, Asian Paints, ICRA, ICICI Bank
Stock markets may remain under pressure on Friday, June 13, after a sharp fall in the previous session. The drop was mainly due to rising geopolitical tension in the Middle East and ongoing uncertainty over trade talks between the United States and news of Israel's attack on Iran has added to investor concerns and could weigh further on Dalal are the key stocks that will be in focus today:TATA GROUP STOCKSShares of several Tata Group companies such as Tata Motors, Tata Steel and Tata Chemicals are expected to remain in the comes after a tragic incident involving an Air India flight. Air India Flight AI171, which was carrying 242 people, crashed in Ahmedabad shortly after airline's parent company, Tata Group, has announced Rs 1 crore compensation for the families of those who lost their lives. They have also committed to covering full medical expenses for the injured and to help rebuild the affected medical college's infrastructure. This could have an impact on investor sentiment linked to the group's PAINTS AND RELIANCE INDUSTRIESReliance Industries has sold 3.50 crore equity shares of Asian Paints through its associate company Siddhant Commercials Limited. The shares were sold at Rs 2,201 each. After this deal, Siddhant Commercials still holds 87 lakh equity shares in Asian Paints. This large transaction could lead to some movement in both stocks power producer NTPC said that Unit-3 (660 MW) of the Barh Super Thermal Power Project, Stage-1, has completed its trial run. The unit has now been added to NTPC's installed capacity. With this, NTPC's total standalone capacity stands at 60,926 MW, while its total group capacity is now 82,028 MW. The completion of this project is likely to improve NTPC's power generation capacity in the near GROUP COMPANIESThe Bhartia family, which promotes the Jubilant Group, is expected to sell small stakes in its listed companies. According to a report by CNBC-Awaaz, the family plans to sell 1.32 crore shares of Jubilant FoodWorks, 56 lakh shares of Jubilant Pharmova, and 1.2 crore shares of Jubilant Ingrevia through block deals. These deals may affect the stock prices of these companies during the trading BANKICICI Bank has received approval from the Reserve Bank of India for the reappointment of Rakesh Jha as Executive Director. His new term will begin on September 2 and last for two years. The confirmation of his reappointment brings clarity to the bank's BANKCanara Bank's board has approved a plan to raise up to Rs 9,500 crore through bonds in the financial year 2025–26. The fundraising will help the bank strengthen its capital position and meet future business services major HCLTech announced that it has been selected as one of the key engineering service providers by Volvo Cars. The company will work with Volvo from its Centre of Excellence in Gothenburg, as well as its global delivery centres. This partnership is likely to give a boost to HCLTech's position in the automotive engineering POWERTorrent Green Energy, a fully owned subsidiary of Torrent Power, has received a Letter of Award from the Solar Energy Corporation of India (SECI). The award is for setting up a 300 MW wind power project under Wind project must be completed within 24 months from the signing of the power purchase agreement (PPA). The expected investment in the project is about Rs 2,650 crore. This move will help Torrent Power expand its renewable energy agency ICRA has announced that it will acquire Bengaluru-based Fintellix, a company that offers risk and reporting solutions. ICRA will buy 100% of Fintellix for $26 million (in rupee equivalent), through a secondary purchase. The deal is subject to certain adjustments and terms under the Share Purchase Agreement. The acquisition is expected to support ICRA's growth in the technology-based financial services sector. advertisement
Time of India
2 days ago
- Business
- Time of India
Stocks in news: Torrent Power, ICICI Bank, HCL Tech, Canara Bank, RIL
Reliance Industries sells 3.50 crore equity shares of Asian Paints held by co through Siddhant Commercials at Rs 2,201 per share. Markets faced pressure on the weekly expiry day, declining over a percent after consolidation. Several companies are in focus, including Genus Power, potentially selling a 5.88% stake, and DCM Shriram, acquiring Hindusthan Specialty Chemicals. Jubilant Group promoters plan to sell stakes in listed companies, while CSB Bank's CEO gets a reappointment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets came under pressure on the weekly expiry day and lost over a percent, following a brief phase of consolidation. In today's trade, shares of Torrent Power Canara Bank , RIL among others will be in focus due to various news Affiliate Chiswick Investment Pte likely to sell 5.88% stake of Genus Power through block deals, according to a Shriram announced that its board has approved the acquisition of 100% stake in Hindusthan Specialty Chemicals .The Bhartia family — promoters of the Jubilant Group — is planning to sell small stakes in its listed companies through block deals, according to a sector bank CSB Bank announced that the Reserve Bank has approved the reappointment of Pralay Mondal as managing director and CEO of the bank for a further period of three Torrent Power said its wholly-owned subsidiary, Torrent Green Energy, has secured a 300 MW wind power project from the Solar Energy Corporation of India (SECI).ICICI Bank said RBI approved the reappointment of Rakesh Jha as executive director of the bank for 2 years with effect from September luxury carmaker Volvo Cars selected HCL Tech as one of its strategic suppliers for engineering Bank board approves capital raising plan of up to Rs 9,500 crore via bonds for the financial year 2025-26. Reliance Industries sells 3.50 crore equity shares of Asian Paints held by co through Siddhant Commercials at Rs 2,201 per share.
