Stocks to Watch: Angel One, CDSL, Aster DM, PEL, Adani Power, Cipla
Angel One: On March 26, the company announced the launch of a Qualified Institutional Placement (QIP) issue with a base price of ₹2,555 per share, which is approximately 7% lower than the current market price. Today, Angel One's shares closed at ₹2,750 each on the NSE, marking a 3.36% increase. The company stated in an earlier stock exchange filing that the objective of this fundraising is to enhance financial flexibility, grow the business, and leverage emerging opportunities within the existing and growing broking business as well as the broader fintech space.
This move follows the leading broker's announcement last month of plans to raise up to ₹2,000 crore through a preferential issue, QIP, or another method. Central Depository Services (India): Standard Chartered Bank is preparing to divest its entire stake in Central Depository Services (India) Ltd (CDSL) through a block deal. The bank plans to sell 7.5 million shares, which equates to a 7.18% stake in CDSL, as per a term sheet examined by Mint.
The overall value of the deal is projected to reach up to $151 million. The shares are being offered by Standard Chartered at a base price of ₹1,672 each, marking a 6.5% discount from CDSL's closing price of ₹1,788.90 on the NSE on Tuesday. The sale process for Standard Chartered is reportedly being overseen by JP Morgan India Private Limited.
An email inquiry to a CDSL spokesperson remained unanswered. Aster DM Healthcare: Olympus Capital Asia Investments, a private equity firm, is expected to offload up to 9.8% of its equity stake in a private healthcare services provider via a block deal, as per several industry insiders who spoke to Moneycontrol. The block deal is estimated to be worth around $235 million, with a set
. Read more on livemint.com
