Apologies for delay in the posts; finding time during the weekends is getting difficult due to increased workload, thanks to my middle-east clients’. However, leaving that aside, it seems that 2012 is proving to be quite a year for the stock markets. On a year to date basis, the Indian stock market index is up 15%. Good stuff..Right!
Anyway, let’s focus on the bulk deals that took place during the sixth week of 2012.
On Feb 6 2012, Baer Capital bought shares worth Rs. 22 crores in NCC Limited at an average price of Rs. 62.70/- per share. The selling entity here was Norges Bank. It is interesting to note that Rakesh Jhunjhunwala has a little more than 5% stake in this Hyderabad based infrastructure company.
On the same day, the Infrastructure Fund of India bought nearly 7 lac shares in logistics firm GATI Limited at an average price of Rs. 34/- per share. The fund bought an additional 5 lac shares in GATI Limited during the week. The stock price of GATI has moved up really well; it was up 35% during the week.
The other deal which must be mentioned about is the purchase of 20 lac shares in Shasun Pharma (at an average price of Rs. 75/- each) by star-investor Shivanand Mankekar. The sellers here were Om Kedar Investments and Privat Bank IHAG Zurich AG. The ownership of Om Kedar Investments is difficult to ascertain, but it seems that this is a shell company of Mr Mankekar himself. The stock price of Shasun Pharma was up 27% during the week.
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