NSE Bulk Deals, August 3: Reliance Home Finance, Debock Industries, other major deals took place on Thursday On Thursday, benchmark indices, NSE Nifty 50 and BSE Sensex continued their downward trend from the previous session and ended Thursday’s trading session in the red zone. The NSE Nifty 50 crashed 144.90 points or 0.74% to 19,381.65 and the 30-share Sensex tumbled 542.10 points or 0.82% to 65,240.68. Among the broader market indices- Nifty Next 50 sank 0.74% and Nifty 100 plunged 0.70%, while Nifty Midcap 50 gained 0.139%, and Nifty Smallcap 100 rose 0.12%. The volatility index, India VIX surged 0.82%. In sectoral indices, Bank Nifty tanked 1.07%, Nifty Auto fell 0.32%, Nifty Financial Services tanked 1.17%, Nifty IT slipped 0.24%, Nifty Metal fell 0.47% and the Nifty Realty Index tanked 1.78% while Nifty Media surged 0.91%, Nifty Pharma soared 1.04% and Nifty Healthcare Index jumped 0.68%. The top gainers on Nifty 50 were Adani Enterprise, Adani Ports & Special Economic Zone, Eicher Motors, Divi’s Labs and Hindalco Industries, while the top losers were Titan Company, ONGC, Bajaj Finserv, ICICI Bank and Nestle India.Stock NameClient NameTradeNo.of sharesPrice per shareTotal amount(Rs lakh)BLB LimitedSILVERTOSS SHOPPERS PRIVATE LIMITEDSELL398,16419.4977.60Varanium Cloud LimitedMANSI SHARE AND STOCK ADVISORS PVT LTDBUY227,000153.00347.31Varanium Cloud LimitedMANSI SHARE AND STOCK ADVISORS PVT LTDSELL203,000166.53338.06Debock Industries LimitedA S CONFIN PRIVATE LIMITEDBUY142,48310.9615.62Debock Industries LimitedA S CONFIN PRIVATE LIMITEDSELL1,610,00011.19180.16Debock Industries LimitedANNU BAIRWABUY72920511.1981.60Debock Industries LimitedANNU BAIRWASELL729,20511.1881.53Debock Industries LimitedBHIMABHAI JALANDHAR THAKORBUY1,030,00011.19115.26Debock Industries LimitedBHIMABHAI JALANDHAR THAKORSELL1,030,00011.21115.46Debock Industries LimitedDALJEETSINGH BHAMRAHBUY1,030,00111.21115.46Debock Industries LimitedDALJEETSINGH BHAMRAHSELL1,030,00111.22115.57Debock Industries LimitedE TRAV TECH LIMITED .SELL2,000,00010.65213.00Debock Industries LimitedESAAR (INDIA) LIMITEDSELL90619911.21101.58Debock Industries LimitedESAAR INDIA LTDBUY1,000,00011.21112.10Debock Industries LimitedMITHANI INVESTMENT AND TRADING PRIVATE LIMITEDBUY1,132,49611.19126.73Debock Industries LimitedMITHANI INVESTMENT AND TRADING PRIVATE LIMITEDSELL1,132,49611.18126.61Debock Industries LimitedMULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITEDBUY1,500,00010.65159.75Debock Industries LimitedMULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITEDSELL1,500,00011.08166.20Debock Industries LimitedNAVINCHANDRA RAMJIBHAI CHAUHANBUY4,000,00011.19447.60Debock Industries LimitedNITIN BABUBHAI GODHABUY1,050,00011.21117.71Debock Industries LimitedNITIN BABUBHAI GODHASELL1,050,00011.21117.71Debock Industries LimitedPAULOMI KETAN DOSHISELL1,154,71611.20129.33Debock Industries LimitedROHITKUMAR KANAIYALAL DATANIYABUY1,050,00011.22117.81Debock Industries LimitedROHITKUMAR KANAIYALAL DATANIYASELL1,050,00011.21117.71GE Power India LimitedGRAVITON RESEARCH CAPITAL LLPBUY492,649186.23917.46GE Power India LimitedGRAVITON RESEARCH CAPITAL LLPSELL492,649186.26917.61Indiabulls Hsg Fin LtdHRTI PRIVATE LIMITEDBUY4,703,497156.917380.26Indiabulls Hsg Fin LtdHRTI PRIVATE LIMITEDSELL4,488,732156.787037.43JSW Ispat Spe Pro LtdGLOBE CAPITAL MARKET LTD.BUY335,05437.83126.75JSW Ispat Spe Pro LtdGLOBE CAPITAL MARKET LTD.SELL4,994,16937.851890.29Kamdhenu Ventures LimitedGRAVITON RESEARCH CAPITAL LLPBUY477,174194.53928.25Kamdhenu Ventures LimitedGRAVITON RESEARCH CAPITAL LLPSELL477,174195.13931.11Kamdhenu Ventures LimitedHIRA LAL GALERABUY170,100195.25332.12Kamdhenu Ventures LimitedHIRA LAL GALERASELL170,100194.08330.13Kamdhenu Ventures LimitedHRTI PRIVATE LIMITEDBUY185,566191.23354.86Kamdhenu Ventures LimitedHRTI PRIVATE LIMITEDSELL194,364190.38370.03Kamdhenu Ventures LimitedSAINT CAPITAL FUNDBUY350,000196.00686.00Kamdhenu Ventures LimitedSW CAPITAL PRIVATE LIMITEDBUY245,296198.83487.72Kamdhenu Ventures LimitedSW CAPITAL PRIVATE LIMITEDSELL254,230190.63484.64Mold-Tek Technologies LtdGRAVITON RESEARCH CAPITAL LLPBUY144,716309.08447.29Mold-Tek Technologies LtdGRAVITON RESEARCH CAPITAL LLPSELL144,716309.05447.24MPS LimitedGRAVITON RESEARCH CAPITAL LLPBUY159,4151,498.382388.64MPS LimitedGRAVITON RESEARCH CAPITAL LLPSELL159,4151,498.742389.22Prakash Pipes LimitedGRAVITON RESEARCH CAPITAL LLPBUY182,869213.61390.63Prakash Pipes LimitedGRAVITON RESEARCH CAPITAL LLPSELL182,869213.34390.13Prakash Pipes LimitedNK SECURITIES RESEARCH PRIVATE LIMITEDBUY129,531220.51285.63Prakash Pipes LimitedNK SECURITIES RESEARCH PRIVATE LIMITEDSELL129,659220.69286.14Reliance Home Finance LtdHI GROWTH CORPORATE SERVICES PVT LTDBUY4,014,0002.97119.22Reliance Home Finance LtdHI GROWTH CORPORATE SERVICES PVT LTDSELL4,039,9022.98120.39Reliance Home Finance LtdRELIANCE CAPITAL LTDSELL7,815,4182.97232.12NSE Bulk Deals
The Japanese pharma major is also filing a plea before the Delhi HC seeking appointment of forensic auditors to analyse transactions involving IHH, Fortis Healthcare and RHT, Singapore, as directed by the HC on October 18.
The development is likely to create legal hurdles and delay the proposed open offer as IHH had recently told FE that it could only go ahead if Sebi agreed with its legal interpretation that the SC’s September 22 order has lifted all such restraints.
IHH managing director and CEO Kelvin Loh told FE on November 9 that the company would like to go ahead with the open offer “as soon as possible” as there has already been a delay of four years. Ravi Rajagopal, chairman of Fortis Healthcare, had added that their legal counsel has advised that the company can go ahead with the open offer as the SC order has disposed of various appeals, including the suo motu contempt. “We have represented to the Sebi and the matter is with them,” Rajagopal had said.
However, legal observers told FE that the matter is not that straightforward and simple as the Delhi HC has to take the final call on the matter of open offer as well as whether a forensic audit has to be done in the share sale which was executed in 2018.
Also Read: IHH to float open offer for Fortis if Sebi concurs with our legal view: MD & CEO
Loh and Rajagopal had said the possibility that the matter may take a different turn when it comes up in Delhi HC cannot be ruled out.
IHH had in July 2018 acquired a 31% stake in Fortis Healthcare for Rs 4,000 crore through the bidding route. It had also earmarked Rs 3,000 crore to make an open offer for an additional 26% to the public shareholders as required under the law.
Daiichi has written to Sebi that the SC in its September 22 order had asked the HC to consider ordering a forensic audit into the dilution of FHL shareholding, repeated violation of undertakings and assurance by former FHL promoters — Malvinder and Shivinder Singh — and the transaction between FHL, IHH and the clandestine transfer of Rs 4,666 crore to RHT Singapore.
Daiichi is “severely prejudiced” with IHH’s clandestine attempt to subvert the status quo order directed by the SC on December 14, 2018, and September 22 with respect to the conduct of forensic audit and the pending proceedings before the HC by purportedly consulting regulatory authorities, including Sebi, on the proposed FHL-IHH transaction. It has reiterated that the FHL-IHH transaction was currently sub-judice before the HC where FHL is also a party, its solicitors, P&A Law Offices, have said in the letter.
“We further state that any such attempt by FHL and/or IHH to proceed with the FHH-IHH transaction would be in direct contravention of the HC and SC orders,” the letter sent by the law firm has stated. Daiichi Sankyo is pursuing the enforcement of Rs 3,500-crore arbitration award against the Singh brothers pronounced by a Singapore tribunal for concealing information when they sold Ranbaxy Laboratories to it for $4.6 billion in 2008. The apex court had in 2018 put on hold the sale of Fortis Healthcare to IHH on a contempt plea filed by the Japanese drugmaker against the Singh brothers.