In today’s briefing:
- Event Driven: Special Call Auction in Indian Holding Companies
- Morning Views Asia: Vedanta Resources
- Waaree Energies IPO Trading – Will Ride on Premier Energies IPO Wave
Event Driven: Special Call Auction in Indian Holding Companies
- A special call auction shall be held on October 28, 2024 by BSE & NSE to discover hidden value in Investment Holding Companies.
- BSE and NSE came out with the list of 8-9 Companies that are eligible for this special session.
- We calculated the upside left in these companies using the Current price with 30% discount: 3 Companies with more than 100% upside.
Morning Views Asia: Vedanta Resources
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
Waaree Energies IPO Trading – Will Ride on Premier Energies IPO Wave
- Waaree Energies is looking to raise up to US$514m in its India IPO.
- Waaree Energies is a solar PV module manufacturer in India with an aggregate installed capacity of 12 GW, as of Jun 2024.
- We have looked at the company’s past performance in our earlier note. In this note, we talk about the RHP updates and valuations.
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