The second trading week of January 2012 witnessed a few important bulk deals. Companies which received attention were: ICRA Limited, Mahindra Lifespace, Akzo Nobel, Sterling Holidays and Borosil Glass.
Reliance Mutual Fund bought shares worth Rs 16 crores in ICRA Limited, a credit rating agency. The seller was IDFC Mutual Fund. Reliance Mutual already owns 1.5% of all outstanding shares of ICRA.
Amansa Investments bought shares worth Rs 9.25 crores in Mahindra Lifespace, the real estate arm of Mahindra Group. Amansa already holds 4.60% stake in Mahindra Lifespace, and the increase in stake could be to average out its holding price.
During the week, Akzo Nobel’s shares worth Rs 100 crores were bought by ICICI (ICICI Brokerage Services Limited and ICICI Securities Limited). One of the major sellers here was Bajaj Allianz. The insurance company is believed to have expressed concerns about Akzo Nobel buying its unlisted subsidiaries at unreasonable price. Reports suggest that ICICI bought shares on behalf of Akzo Nobel to pacify the dissenting shareholder.
In Sterling Resorts, shares worth Rs 4.60 crores were bought by Beacon India Private Equity Fund. Sterling Resorts counts R Jhunjhunwala, R Damani, and Pivotal Securities (Shivanand Mankekar) as its shareholders. The Chennai based company is engaged in the business of vacation ownership with 14 resorts across India.
Borosil continued to see action in the bulk deals segment due to its stock buy back. The company bought shares worth Rs 6.30 crores at an average price of Rs 850/-.
Sunday, January 15, 2012
Sunday, January 8, 2012
Tracking the first week of January 2012
Wish you all a very happy new year. I recommence this blog in 2012. However, due to time constraints, I plan to make it a weekly update from now onwards. Hope the ideas/information shared is useful to you all.
2011 was pretty bad. Both Sensex and Nifty were down about 25 percent each during the year. I suppose all our Indian Warren Buffets’ too couldn’t manage to generate a positive return on their portfolios in 2011.
Anyway, it is time keep the past aside and think of the year ahead. Lets start by tracking the bulk deals for the first week of January 2012. So, here it is.
On Jan 2, 2012, Swati Rajesh Shah bought shares worth Rs 4.25 crores of Varun Industries. The person does not seem to be among the promoters, but the purchase seemed substantial. Please note that Varun Industries had recently announced sale of its 51% stake in an oil block to their JV for over Rs 750 crores. The company’s market capitalization is approx. Rs 720 crores.
On Jan 3, 2012, KBS Properties Private Limited bought shares worth Rs 5.15 crores of AP Paper from Trinity Infratech Private Limited. This paper company was sold off to an American paper manufacturer last year. The current market price is just 25% of the open offer price.
On the same day, shares worth Rs 3 crores were bought back by the management of Borosil Glass Works. Borosil has shifted off its manufacturing plant from Mumbai to Gujarat. Last year, the Mumbai factory land was sold off to Sheth developers for over Rs 800 crores.
On Jan 4, 2012, Macquarie Bank bought shares worth Rs 12 crores in Standard Chartered Plc, the first IDR. Australia-based Macquarie Bank has its own equity research team in Mumbai, and this purchase signals that they are quite bullish on Stan Chart.
On Jan 6, 2012, ICICI Prudential Life Insurance bought shares worth Rs 8.60 crores in Orient Paper & Industries Ltd. The fund house already holds 7.0% of all outstanding shares of the company.
Happy investing!
2011 was pretty bad. Both Sensex and Nifty were down about 25 percent each during the year. I suppose all our Indian Warren Buffets’ too couldn’t manage to generate a positive return on their portfolios in 2011.
Anyway, it is time keep the past aside and think of the year ahead. Lets start by tracking the bulk deals for the first week of January 2012. So, here it is.
On Jan 2, 2012, Swati Rajesh Shah bought shares worth Rs 4.25 crores of Varun Industries. The person does not seem to be among the promoters, but the purchase seemed substantial. Please note that Varun Industries had recently announced sale of its 51% stake in an oil block to their JV for over Rs 750 crores. The company’s market capitalization is approx. Rs 720 crores.
On Jan 3, 2012, KBS Properties Private Limited bought shares worth Rs 5.15 crores of AP Paper from Trinity Infratech Private Limited. This paper company was sold off to an American paper manufacturer last year. The current market price is just 25% of the open offer price.
On the same day, shares worth Rs 3 crores were bought back by the management of Borosil Glass Works. Borosil has shifted off its manufacturing plant from Mumbai to Gujarat. Last year, the Mumbai factory land was sold off to Sheth developers for over Rs 800 crores.
On Jan 4, 2012, Macquarie Bank bought shares worth Rs 12 crores in Standard Chartered Plc, the first IDR. Australia-based Macquarie Bank has its own equity research team in Mumbai, and this purchase signals that they are quite bullish on Stan Chart.
On Jan 6, 2012, ICICI Prudential Life Insurance bought shares worth Rs 8.60 crores in Orient Paper & Industries Ltd. The fund house already holds 7.0% of all outstanding shares of the company.
Happy investing!
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