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Deal Flow – 10/02: Big Whale Ashish Dhawan founded ChrysCapital buys Hindustan Media Ventures and Nordea Mutual Fund buys Reliance Infrastructure

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_10_February_2016

Hindustan Media Ventures

Hindustan Media Ventures is one of the leading print media companies in India in terms of Readership. The company publishes and prints ‘Hindustan’, the third largest daily newspaper in India in terms of Readership with a Readership of 9.9 million readers. ‘Hindustan’ has the largest Readership in key Hindi-speaking markets of Bihar and Jharkhand, with a strong and growing presence in Delhi NCR and the states of Uttar Pradesh and Uttarakhand. ‘Hindustan’ was one of the fastest growing Hindi daily newspapers in India.

Hindustan Media Ventures’ earnings before interest, taxation, depreciation and amortization (EBITDA) rose 26.8% to Rs 71.20 crore in Q3 December 2015 over Q3 December 2014. EBITDA margin improved to 28.3% in Q3 December 2015 from 25.2% in Q3 December 2014.

Hindustan_Media_Ventures

Kotak Mahindra (International) held 2,498,100 or 3.40% as of December, 2015. With this purchase, its stake is stands at 4,248,100 shares or 5.78%.

Lavender Investments purchased 1,450,000 shares or 1.97%. (There is no information available about its previous holding if any)

Lavender Investments is investment arm of ChrysCapital – Big Whale aka Ashish Dhawan is the founder of ChrysCapital.

ChrysCapital Investment Advisors India Pvt. Ltd. (formerly known as Chrysalis Capital) is a private equity firm with $2.5 billion assets under management. It provides early stage, expansion, growth and buyout capital to listed and unlisted companies operating in India. The firm seeks to invest in consumer goods and business service, infrastructure, manufacturing, healthcare, pharmaceuticals and financial sectors. It typically invests between $30 million and $300 million in the companies with revenues ranging from $50 million to $1 billion. The company was founded in 1999 and is based in Port Louis, Mauritius with additional offices in Mumbai and New Delhi.

Reliance Equity Opportunities Fund sold 2,800,000 shares or 3.81%. The MF scheme held 3,685,318 shares or 5.02% as of 31-Jan-16. With this sale its stake is now reduced to 885,318 shares or 1.20%

Reliance Regular Saving Fund – Balanced Option sold 400,000 or 0.48%. The MF scheme held 400,000 shares as of 31-Jan-16 and with this sale it has completely exited the stock.

Reliance Infrastructure

Reliance Infrastructure Ltd., is India’s largest private sector enterprise power utility and Construction Company. It is part of the Reliance Anil Dhirubhai Ambani Group. Reliance Infrastructure interests in Metro Rail, Airports, Bridges, Toll roads, Defence. It is major shareholder in another group company Reliance Power.

The company has been in the news due to the final Binding Agreement with Birla Corporation for 100% sale of its cement plant of 5.08 MTPA.

Reliance_Infra

Nordea Emerging Market Equity Fund purchased 1,736,192 shares or 0.68%. Other shareholders include Brandes Emerging Markets Fund, HSBC Bank and others.

Nordea is the largest financial services group in Northern Europe with a market capitalization of approximately EUR 39.7 bn, total assets of EUR 630 bn and a core tier 1 capital ratio of 14.9%.

Nordea has leading positions within corporate merchant banking as well as retail banking and private banking. It is also the leading provider of life and pensions products in the Nordic countries.


Check out the Deal Flow for the other days:

Deal Flow – 09/02: SBI Life Insurance exits (Sequoia, Nalanda, Fidelity, SAIF Partners backed) Justdial

Deal Flow – 08/02: Decent Financial Services sells Cantabil Retail India, Ashoka PTE sells Heidelberg Cement to First State Investments, Anvil Fin Trade sells Precision Camshafts and IntraSoft Technologies gets traded

Deal Flow – 05/02: Stichting Pensioen Fonds ABP sells Crompton Greaves and Dhwaja Shares & Securities sells Ucal Fuel Systems

Deal Flow – 02/02: UBS buys Housing Development and Infrastructure, Franklin Templeton MF buys Heidelberg Cement (CM Outlier) and Mentor Capital buys R.P.P. Infra Projects

Deal Flow – 01/02: Vijay Kishanlal Kedia buys into Speciality Restaurants and Wallfort Financial Services sells Patel Integrated Logistics

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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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