Thursday, May 6, 2010

May 6 2010

Thakral Corporation sold-off its remaining stake in Gateway Distriparks Limited @ Rs. 123.50/- each. For more details refer to the previous posting on May 5 2010.

IDFC Mutual Fund is seen buying shares of Ceekay Daikin Ltd. for the past few trading sessions. The fund house bought 37,517 shares @ Rs. 176/- each today and 51,300 shares @ Rs. 176/- yesterday. This seems a little weird, since the shareholders of Ceekay Daikin have an open offer from Exedy Corporation (Japan) to sell out their shares @ Rs 178.50/- to the latter. The open offer closes on May 26, 2010.

India Discovery Fund Ltd buys 300,000 shares of Forbes & Co @ Rs. 390/- each. The fund already owns 5.8% in the Shapoorji Pallonji group company.

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