In today’s briefing:
- Earnings Playbook | Bajaj Finance Ltd (BAF IN) | Troubling Rural B2C Business
- Honasa Consumer IPO Lock-Up Expiry – US$500m+ Lockup Expiry with Everyone Well in the Money
- Indegene Pre-IPO – RHP Updates – Client Base Continued to Grow, and Margins Have Begun Stabilizing
- Promoter Influence in RPTs: Linde India’s Quest for Fair Business Allocations
Earnings Playbook | Bajaj Finance Ltd (BAF IN) | Troubling Rural B2C Business
- As we step into the earnings season focus on highlighting key earnings and what catches our attention analyzing companies part of the same sector or industry.
- Companies highlighted include Bajaj Finance Ltd (BAF IN); Shriram Finance (SHFL IN); L&T Finance Holdings (LTFH IN) ; Poonawalla Fincorp (POONAWAL IN) & Aavas Financiers Ltd (AAVAS IN) .
- BAF’s negative commentary around rural B2C business is surprising and an area that warrants further investigation.
Honasa Consumer IPO Lock-Up Expiry – US$500m+ Lockup Expiry with Everyone Well in the Money
- Honasa Consumer (HONASA IN) raised about US$200m in its India IPO. Its pre-IPO investors will be released from its IPO linked lockup soon.
- HC’s product portfolio includes products in the baby care, face care, body care, hair care, color cosmetics and fragrances segments.
- In this note, we talk about the upcoming lock-up expiry and possible deal dynamics.
Indegene Pre-IPO – RHP Updates – Client Base Continued to Grow, and Margins Have Begun Stabilizing
- Indegene Limited (1864095D IN) is looking to raise about US$220m in its upcoming India IPO.
- Indegene is a “digital-first” commercialisation firm with an exclusive focus on the global life sciences industry.
- We looked at the firm’s past performance in an earlier note. In this note, we look at the RHP updates.
Promoter Influence in RPTs: Linde India’s Quest for Fair Business Allocations
- Linde India entered into related party transaction without shareholders approval.
- Further company also allocated future businesses and existing business of Linde India to its sister concern Praxair
- Whether existing RPTs material in nature and need shareholder approval? Whether the allocation of future and existing business from a listed entity to another promoter company amount to a RPT?
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
