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Deal Flow – 29/01: Dilipkumar Lakhi – the CEO of Lakhi Group buys 1.35% in TRF Limited (A Tata Enterprise)

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_29_January_2016

TRF Limited – A Tata Enterprise

The combined competencies of three companies, the erstwhile Tata Robins Fraser (established in 1962), Tata Material Handling Systems (formerly Tata Man. Ghh., established in 1978), and Tata Technodyne (established in 1996), resulted in the formation of TRF Ltd.

The company has evolved into one of the most comprehensive sources of engineering equipment, systems and services. It manufactures bulk material handling and processing equipment, bulk material handling systems, coke oven equipment, coal dust injection systems for blast furnaces, coal beneficiation systems, and port and yard equipment. It’s Port and Yard Division is also equipped with the technology; EPC and EPCM services for mini blast furnace technology. TRF Ltd caters to diverse industries including power, metallurgy, chemical, mining and cement.

Dilipkumar Lakhi purchased 131,912 shares or 1.35% valuing Rs. 390 lakhs. This makes him the largest individual non-promoter holder. BTW – who is Dilipkumar Lakhi?

Dilipkumar Lakhi is Mumbai’s highest individual tax payer and the CEO of Lakhi Group. Lakhi group has grown to become the largest manufacturer of cut and polished diamonds in terms of volumes. His earlier bulk deal was on the 19-Jan-16 in International Paper APPM.

The company announced its Q3 results yesterday which stand as follows:

TRF_Limited_Q3_Results


Check out the Deal Flow for the other days:

Deal Flow – 28/01: Promoters buy over 3% of Allsec Technologies sold by Big Whale Bharat Jayantilal Patel and Hridaynath Consultancy

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

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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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion. 

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