In today’s briefing:
- NIFTY Quiddity Leaderboard Sep 2022: Adani Total Gas Could Be a Positive Surprise
- Manila Electric Block – Selldown by One of the Largest Shareholders
NIFTY Quiddity Leaderboard Sep 2022: Adani Total Gas Could Be a Positive Surprise
- The six-month reference period for NIFTY September 2022 Rebalance ends tomorrow.
- In this insight, we take a look at the names that could become ADDs/DELs for the NIFTY 50, 100, and 500 Indices in the September 2022 Rebalance.
- In addition, I have discussed some trading opportunities with interesting potential index flow dynamics.
Manila Electric Block – Selldown by One of the Largest Shareholders
- JG Summit Holdings (JGS PM) aims to raise around US$185m via selling 2.5% of Manila Electric Company (MER PM) (Meralco) via a block trade.
- This appears to be the first selldown by JG Summit and doesn’t appear to have been very well flagged either.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
💡 Before it’s here, it’s on Smartkarma
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