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Deal Flow – 11/02: Nordea follows SBI Life Insurance and exits Justdial

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_11_February_2016

Justdial

Justdial is an Indian company providing pan-India search services via the Phone, Web, Mobile and SMS. The service represents a large classifieds service where users can call a common number to request a human operator what products or services they are looking for. The available, listed businesses are then communicated to the users by Email or SMS. (Read here about the SBI exit)

JustDial_SharePrice

Nordea Emerging Market Equity Fund sold 761.567 shares or 1.08%. Nordea 1 Sicav – Asian Focus Equity Fund held 1,733,752 shares or 2.46% as of December, 2015.

Nordea is the largest financial services group in Northern Europe with a market capitalisation of approximately EUR 39.7bn, total assets of EUR 630bn 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. (Read here about the Reliance Infra entry)

Nahar Spinning Mills

Nahar Spinning Mills Limited Started out as a tiny worsted Spinning & Hosiery unit in Ludhiana. The company diversified into the Spinning Industry by putting up a Spinning Plant at Village Simrai, Mandideep, Distt. Bhopal in 1992. To produce high quality value added Yarn for exports, company also put up Spinning Units at Village Jalalpur, Distt. S.A.S. Nagar, Village Jodhan, Distt. Ludhiana and Village Jitwal Kalan, Distt. Sangrur, Punjab. The present spindlage capacity of the company is 5.00 Lacs (approx.) spindles and 1080 Rotors.

Today, Company’s products i.e. T-Shirts are being exported to reputed international brands such as GAP, Arrow, Old Navy, and Banana Republic in addition to others.

Nahar_Spinning_Mills_SharePrice

The Company has 7 multi location plants, a range of products, over 60% of which is aimed at export markets – USA, UK, France, Brazil, Bangladesh, Mauritius, Hondurus, Argentina, Colombia, Peru, Chile, Netherlands, Japan, Canada, Korea, Taiwan, Hongkong, Singapore, Egypt and Russia.

Rakesh Rajkrishan Agarwal sold 201,975 shares or 0.57%.

Their Q3 results announced yesterday stood as follows:

Nahar Spinning Mills has reported a standalone total income from operations of Rs 449.77 crore and a net profit of Rs 9.34 crore for the quarter ended Dec ’15.

Other income for the quarter was Rs 1.08 crore. For the quarter ended Dec 2014 the standalone total income from operations was Rs 549.50 crore and net profit was Rs 5.74 crore, and other income Rs 1.06 crore.


Check out the Deal Flow for the other days:

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

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

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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 opinio
n. 

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