Actions in the news: April 7, 2022


The jewelry business recorded a 4% year-on-year decline in revenue due to the high basis impact and volatility in the price of gold, which hurt end-consumer demand

Watch division grew 12% year-on-year and improved in challenging business environment with sales up across all offline channels

Eye division grew ~5% YoY driven by network expansion and recent innovation

Godrej Consumer

India expected to record near double-digit sales growth entirely driven by price

Indonesia expects lower sales of High Teen due to a strong base and reduced covid-led tailwinds that had led to exceptional growth in the Hygiene portfolio

Africa 7th consecutive quarter of double-digit sales growth in constant currency


Board meeting on April 16 to consider raising funds up to Rs 50,000 crore via bonds


Sell ​​the AMC business to a consortium including Bandhan Financial, GIC and ChrysCapital for Rs 4,500 cr


Q4 Presales Rs 3456 crore vs Rs 2531 crore, up 37% YoY

Co announces the best quarterly performance in its history

Q4 collections Rs 2,843 crore vs Rs 2,089 crore, up 36% YoY

India’s net debt down to INR 9,310 crore


The price of CNG at Delhi NCR has been increased by an additional 2.50 Rupees.

Now GNC in Delhi is Rs 69.11

Total increase of Rs 9.1/kg in April

Tata Group Shares

Aunty Neu, Tata digitalmega app set to launch today

Zee Entertainment block deal (sources)

Invesco Seeks to sell its 7.8% stake in Zee

7.47 crore shares offered at a price range of Rs 270.5-290.9 – max. 7% discount

Kotak Securities, Sole Broker in the Deal

Sale of stocks to achieve an overall ownership position more in line with the fund’s portfolio construction approach

Upon completion of the transaction, Invesco will own at least 11%

Belief that the potential deal between Zee and Sony India has great potential