Epic Update : Jet Airways

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Epic Research
Questions on amended, restated commercial co-operation agreement
Jet’s plan to relocate operations and core function raises eyebrows
Jet to relocate network and revenue management to Abu Dhabi
Inventory control and hub to be relocated to Abu Dhabi
Proposed relocation plan not consistent with Indian norms
Co-operative board control with 19 foreign nationals nominated by Etihad
No Jet nominees on co-operative board yet; all slots of Jet vacant
Co-operative board and three groups to oversee all aspects of Jet business
Govt fears operational control of Jet effectively with co-operative board.
 
Epic Update : Tata Motors

Contract workers at Jaguar Land Rover%u2019s (JLR) 3rd UK plant vote to strike
Majority of 800 workers at JLR plant vote in favour of strike
Alert: Workers at 2 of JLR%u2019s plants in UK had voted over weekend
JLR workers voted to strike over payment related issues
Contract workers belong to logistics provider DHL.
 
Epic Update : Hindustan Media Ventures

Hindustan Media Ventures - Offer for sale (OFS) CMP Rs 127.50
Floor price for OFS set at Rs 120/share
To divest 19.39 lakh shares in Hindustan Media Ventures
Alert: HT Media holds 76.94 percent stake in Hindustan Media Ventures.
 
Epic Update : HPCL

HPCL signs joint venture with Rajasthan to set up Rs 37,230 crore refinery at Barmer
HPCL
In JV with Rajasthan government to set up 9 mtpa refinery at Barmer
Company and Rajasthan government to hold 74 percent and 26 percent stake respectively
 
Epic Update : Kalindee Rail

Board approves allotment of 41 lakh shares to Texmaco Rail on preferential basis
Post allotment shareholding of Texmaco approximately at 24.90 percent
Allotment at Rs 65/share
Total outstanding number of shares at 1.24 crore
Preferential allotment to avoid hostile takeover bid from Jupiter Metals
Jupiter had announced voluntary open offer of 26 percent at Rs 65/shar.
 
Epic Update : Bajaj Holdings Q1

Consolidated net profit at Rs 443 Crore Versus Rs 349 Crore (YoY)
Consolidated net sales at Rs 141.3 Crore Versus Rs 72.4 Crore (YoY).
 
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