SAFARI

Feb 4 (Reuters) - Safari Industries (India) Ltd SAFA.NS:

• SAFARI INDUSTRIES (INDIA) DEC-QUARTER CONSOL PAT 311.4 MILLION RUPEES

• SAFARI INDUSTRIES (INDIA) DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.43 BILLION RUPEES

Source text: ID:nBSEbbSSLQ

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** Shares of luggage manufacturer Safari Industries (India) SAFA.NS rise 2.2% to 2,662.7 rupees, set for fourth straight session of gains

** SAFA's unit Safari Manufacturing starts commercial production of luggage at its new facility in Jaipur

** Analysts' avg recommendation on Safari Industries is a "strong buy" vs "hold" for V I P Industries VIPI.NS - LSEG data

** Median PT on Safari Industries is 2,667.50 rupees

** SAFA's shares are up around 36% so far this year, while VIPI is down about 13%

(Reporting by Dimpal Gulwani in Bengaluru)

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Dec 2 (Reuters) - Safari Industries (India) Ltd SAFA.NS:

• SAFARI INDUSTRIES (INDIA) - UNIT COMMENCED COMMERCIAL PRODUCTION AT JAIPUR FACILITY

Source text: ID:nBSE94qRR0

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Nov 8 (Reuters) - Safari Industries (India) Ltd SAFA.NS:

• SAFARI INDUSTRIES (INDIA) SEPT-QUARTER CONSOL PAT 296.6 MILLION RUPEES

• SAFARI INDUSTRIES (INDIA) SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.58 BILLION RUPEES

• SAFARI INDUSTRIES (INDIA) LTD - DIVIDEND 1.5 RUPEESPER SHARE

Source text: ID:nNSE5xqHbD

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** Shares of India's Unicommerce eSolutions UICO.NS rise ~2% to 210.5 rupees

** Still, co's stock poised for a third straight weekly loss, if current trend holds

** Co, whose services to clients include management of e-commerce ops, inked a partnership with luggage maker VIP Industries VIPI.NS, but did not disclose any financial details

** VIPI stock up 5.3% on the day, rival Safari Industries SAFA.NS gains 2%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of luggage bags maker Safari Industries SAFA.NS jump as much as 5.7% to record high of 2,485 rupees, last up 3%

** About 187,626 shares traded in a block deal at 2,419.15 rupees - a 2.9% premium to last close, per LSEG data

** Overall, stock eyes busiest trading day in 13 sessions, vol at 2.4x the 30-day avg

** Avg rating of analysts is "buy"; median PT is 2,517.50 rupees

** Stock up 17% this month, its biggest monthly gain since April

(Reporting by Manvi Pant in Bengaluru)

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Aug 7 (Reuters) - Safari Industries (India) Ltd SAFA.NS:

• SAFARI INDUSTRIES (INDIA) LTD JUNE-QUARTER CONSOL PAT 444.1 MILLION RUPEES

• SAFARI INDUSTRIES (INDIA) LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.50 BILLION RUPEES

Source text for Eikon: ID:nBSE675X0

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June 28 (Reuters) - Safari Industries (India) Ltd SAFA.NS:

• CAPACITY ADDITION AT MANUFACTURING UNIT OF WHOLLY OWNED SUBSIDIARY

• INVESTMENT REQUIRED FOR CAPACITY ADDITION UPTO 40 MILLION RUPEES

Source text for Eikon: ID:nNSE9QddkQ

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Corrects CEO name in paragraph 3 to Ashishkumar Chauhan

BENGALURU, April 29 (Reuters) - Bahrain-based Investcorp will buy the digital technology services business of India's National Stock Exchange NSEI.NS (NSE) for $120 million, the alternative investment firm said on Monday, in its biggest deal in the country.

NSEIT Ltd, the digital technology arm of India's largest stock market operator, offers services in areas including cybersecurity, digital transformation and cloud services in India, North America and the Middle East.

The 10-billion-rupees deal was in line with NSE's strategy to focus on its core business areas, said Ashishkumar Chauhan, the company's managing director and CEO.

The deal excludes NSEIT's digital examination business, which offers online recruitment and promotion tests as well as digital upskilling services for corporates.

"It is a significant step in our expansion efforts in India and it underscores our commitment to investing in high-growth sectors," Gaurav Sharma, head of India Investment Business at Investcorp, said in a statement.

Investcorp, which has over $52 billion in assets under management globally, has invested in Indian companies such as luggage maker Safari Industries SAFA.NS, financial services company InCred and mattress maker Wakefit, among others.

($1 = 83.4406 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Savio D'Souza)

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** Shares of luggage bags maker VIP Industries VIPI.NS fall as much as 3% to 450.05 rupees, lowest level since Aug. 26, 2021

** Stock on track for an eighth consecutive session of loss, if trend holds

** Brokerage Ambit downgrades VIPI to "sell" from "buy", reduces PT to 440 rupees from 675 rupees

** VIPI lost market share from 54% in CY12 to 37% in CY23 due to increased competition, supply chain management issues - Ambit

** Adds, VIPI's decision to drastically reduce dependence on China in manufacturing backfired, leading to unavailability of premium luggage

** VIPI's working capital levels have risen from ~20% in FY18 to 26%/30% in FY23/1HFY24 due to higher inventory levels - Ambit

** Prefers Safari Industries (India) SAFA.NS with "buy" rating due to continued market share gains, better channel execution

(Reporting by Ashish Chandra in Bengaluru)

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Jan 10 (Reuters) - Safari Industries (India) Ltd SAFA.NS:

• TO CONSIDER RAISING FUNDS BY WAY OF ISSUE OF SECURITIES ON PREFERENTIAL BASIS

Source text for Eikon: ID:nBSEbJBvqh

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Sept 8 (Reuters) - INVESTCORP:

• ANNOUNCED THE SUCCESSFUL EXIT OF ITS INVESTMENT IN THE PUBLICLY LISTED SAFARI INDUSTRIES, WITH AN INTERNAL RATE OF RETURN (IRR) OF MORE THAN 100% ON THE DEAL

• INVESTCORP INVESTED INR 75 CRORE IN SAFARI INDUSTRIES IN FEBRUARY 2021

• INVESTCORP EXITED IT’S STAKE IN THE COMPANY IN THREE TRANCHES OVER THE COURSE OF THE LAST [twelve] MONTHS, REALISING A TOTAL RETURN OF INR 285 CR AT 3.8X MULTIPLE ON INVESTED CAPITAL (MOIC) FROM THE INVESTMENT

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Aug 9 (Reuters) - Safari Industries (India) Ltd SAFA.NS:

• SAFARI INDUSTRIES (INDIA) JUNE-QUARTER CONSOL PAT 499.4 MILLION RUPEES VERSUS PROFIT 265.9 MILLION RUPEES

• SAFARI INDUSTRIES (INDIA) JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.27 BILLION RUPEES VERSUS 2.93 BILLION RUPEES

Source text for Eikon: [ID:]

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Aug 1 (Reuters) - Safari Industries (India) Ltd SAFA.NS:

• UNIT COMMENCED ITS COMMERCIAL PRODUCTION/MANUFACTURING OF LUGGAGE

• UNIT COMMENCED COMMERCIAL PRODUCTION OF LUGGAGE FROM INCREASED CAPACITY AT FACTORY SITUATED IN GUJARAT

• EFFECTIVE PRODUCTION CAPACITY OF SML HAS INCREASED FROM 225,000 PIECES PER MONTH TO 350,000 PIECES PER MONTH

Source text for Eikon: ID:nBSE43yZh4

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** Brokerage Ambit Capital prefers Safari Industries (India) SAFA.NS over V.I.P. Industries VIPI.NS on continued market share gains, better execution

** VIPI stock down 0.65% and SAFA drops 0.7%

** Brokerage says Safari is fastest growing luggage player in India over the last decade, outperforming peers at ~1.8x FY20

** VIPI stock is slowest to recover at ~1.2x FY20 levels, note adds

** SAFA's market share jumped to 23% in CY22 from 5% in CY12, VIPI's fell to 41% in CY22 from 54% in CY12 - note

** The ratings house positive on Indian luggage sector, says structural demand drivers intact

** Brokerage lists positive factors like a surge in travel demand, shift to branded products and faster replacement cycles

** Ambit maintains "buy", TP 800 rupees for VIPI; "buy", TP 3,600 rupees for SAFA

(Reporting by Hritam Mukherjee in Bengaluru)

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May 16 (Reuters) - Safari Industries (India) Ltd SAFA.NS:

• MARCH-QUARTER CONSOL PAT 380.9 MILLION RUPEES VERSUS 24 MILLION RUPEES YEAR AGO

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.03 BILLION RUPEES VERSUS 1.93 BILLION RUPEES YEAR AGO

• DIVIDEND 2 RUPEES PER SHARE

Further company coverage: SAFA.NS

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