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Deal Flow – 27/01: GMO Emerging Domestic Opportunities Fund buys Sangam (India) while Mentor Capital sells

Here is the “Deal Flow (Summary of Bulk & Block Deals)” of the data that is revealed in the markets. This has been collated and curated to make trade-able sense.

A Bulk Deal is a trade, where total quantity bought or sold is more than 0.5% of the number of equity shares of the company. A trade, with a minimum quantity of 5,00,000 shares or minimum value of Rs.5 crore executed through a single transaction on this separate window of the stock exchange will constitute a Block Deal.

Deal_Flow_27_January_2016

Sangam (India)

Engaged in textile sector. The Company manufactures polyester viscose (PV) yarn. It is also present in the synthetic blended fabric and denim segments with brands, such as Sangam Suitings and Sangam Denim. Its other brands include Sangam Yarns and Channel Nine. The Company’s portfolio of products includes PV blended dyed/grey yarn, cotton spun yarn, cotton open end yarn, texturized yarn, knitted fabrics, woven fabric, denim fabric and seamless garment. It offers single ply, double ply, grindle, roving grindle, core spun, slub and other fancy yarns. In addition, the Company has a wind power plant. It has a network of around 100 dealers and around 1,000 retailers across India. The Company’s manufacturing facilities are located in Bhilwara, Rajasthan. The Company is a flagship company of Sangam Group, a business conglomerate having business interests across textiles, steel, infrastructure, power and energy sectors.

GMO Emerging Domestic Opportunities Fund – an open-end fund incorporated in the USA. The Fund invests in equity securities in companies whose prospects are linked to the internal development and growth of the world’s non-developed markets including companies that provide goods and services to emerging market consumers.

GMO stands for Grantham, Mayo, & Van Otterloo. A Boston-based asset management firm, GMO is one of the largest managers of such funds in the world, having more than US $118 billion in assets under management as of March 2015.

GMO purchased 1,960,200 shares or 4.97% at an avg. price of Rs. 275.03/- thereby valuing the deal at Rs. 5,391 lakhs.

Mentor Capital which held 4,947,622 shares or 12.55% as of 29-Dec-15, sold 2,713,935 shares or 6.88% at an avg. price of Rs. 275.25/- thereby valuing the sale at Rs. 7,475 lakhs. The company had earlier sold 550,000 shares during end of December.

Mentor Capital –  formerly known as Pacific Corporate Services Limited and changed its name to Mentor Capital Limited in September 2010. Mentor Capital Limited was incorporated in 1996 and is based in Mumbai, India.

Directors of Mentor Capital Limited are Sanjay Bhai Khushal Bhai Patel, Amit K Dangi and Sanjay Soumitra Singh Dang.


Check out the Deal Flow for the other days:

Deal Flow – 25/01: Copthall Mauritius (subsidiary of J.P.Morgan Chase & Co.) buys KNR Constructions, Atyant Capital & Directors of Kedaara Capital sell Ponni Sugars (Erode) & Sasken Communications to Vanderbilt University and Vistar Financiers buy ECE Industries

Deal Flow – 21/01: Morgan Stanley dumps GATI, First State Asia Pacific Leaders Fund buys Marico from Arisaig India Fund and Tech Mahindra from New Perspective Fund

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