Daily Brief India: Sona BLW Precision Forgings, Adani Transmission, Country Garden Holdings Co and more

• Singapore VII Topco III (Blackstone-affiliate) is looking to raise at least US$585m in its stake sale of Sona BLW Precision Forgings (SONACOMS IN) . 
• The share sale is a clean-up one and will lift the overhang on the stock.
• The block is marketed at a floor price of INR400/share, at a 8.3% discount to last close. 

• In this insight, we take a look at the Potential ADDs/DELs for the BSE SENSEX, 100, 200, and 500 Indices in the June 2023 Rebalance.
• The BSE AllCap March 2023 Rebalance results were announced and this changes the main universe from which SENSEX, BSE 100, and BSE 200 members are selected.
• In this insight, we take a look at the recent updates to my expectations and the price and volume performance of the candidates.

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.

• Adani Transmission
• Country Garden Holdings Co