In today’s briefing:
- Quiddity Leaderboard BSE/SENSEX Jun25: Pair Trade Delivers Strong Alpha; More Pair Trade Ideas
- 360 ONE WAM Acquires UBS India Wealth Business
- Dorf-Ketal Chemicals India Pre-IPO -The Positives – Strategic Blend of Organic & Inorganic Expansion
- Lloyds Metals: On the Verge of a Massive Ramp-Up
Quiddity Leaderboard BSE/SENSEX Jun25: Pair Trade Delivers Strong Alpha; More Pair Trade Ideas
- In this insight, we take a look at the Potential ADDs/DELs for the BSE SENSEX, BSE 100, and BSE 200 indices in the June 2025 index rebal event.
- As things stand, there could be two index changes for the SENSEX index.
- There could be three ADDs/DELs for the BSE 100 index and eight ADDs/DELs for the BSE 200 index.
360 ONE WAM Acquires UBS India Wealth Business
- 360 ONE WAM acquires UBS AG’s onshore wealth management business in India for INR 307 crore, adding INR 26,000 crore AUM and expanding its product and client base.
- This acquisition strengthens 360 ONE’s domestic position and offers UBS’s global expertise, creating a powerful, dual-access wealth management platform for global Indians, enhancing growth opportunities.
- The deal signifies a strategic collaboration, not just an exit, with UBS retaining a stake& expanding its Indian operations through 360 ONE, enhancing the value proposition for both firms’ clients.
Dorf-Ketal Chemicals India Pre-IPO -The Positives – Strategic Blend of Organic & Inorganic Expansion
- Dorf-Ketal Chemicals Ltd (998552Z IN) (DKCI) is looking to raise about US$579m in its upcoming India IPO.
- DKCI is an R&D and innovation-focused global manufacturer and supplier of specialty chemicals, catering to hydrocarbons and industrial supply chains, and customers with diverse applications across various industrial segments.
- In this note, we talk about the positive aspects of the deal.
Lloyds Metals: On the Verge of a Massive Ramp-Up
- Resource-Backed Growth Story: Lloyds Metals & Energy Ltd. owns 857 MT of iron ore reserves (including 700 MT BHQ) with a 50-year lease, providing unmatched raw material security.
- Transformational Expansion + MDO Play: Ongoing capex will ramp mining to 25+ MTPA and add 4.2 MTPA of steel capacity. Acquisition of Thriveni’s MDO business adds high-margin, annuity-style revenue stream.
- Tax-Efficient, Debt-Light Strategy: Supported by Maharashtra’s IPS benefits, Lloyds is executing a capital-intensive buildout while aiming to remain net-debt free and structurally cost-advantaged.
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