Deal flow for today shows:
- India Opportunities Growth Fund – Pinewood Strategy sells stake in Aditya Birla Nuvo to the promoters
- Sundaram Select Midcap Fund buys shares sold by GMO Emerging Domestic Opportunities Fund sells stake in Gateway Distriparks
- SBI Mutual Fund reshuffles its stake in Indian Terrain Fashions between SBI FMCG Fund and SBI Small & Midcap Fund
- Heineken International BV buys out shares sold by ECL Finance and Yes Bank in United Breweries
Note: In Deal Flow, we summarize Bulk and Block Deals. 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.
Aditya Birla Nuvo – Capital Mind Outlier Stock – Breakout
Aditya Birla Nuvo Ltd. (ABNL) is a premium conglomerate. It is part of the Aditya Birla Group, a US$ 41 billion Indian multinational operating in 36 countries across six continents. ABNL commands leadership position across its Financial Services, Telecom, and Linen and Manufacturing businesses.
TGS Investment & Trade and Turquoise Investment & Finance – both promoter owned entities of ABNL group purchased the stake sale by India Opportunities Growth Fund Ltd – Pinewood Strategy.
India Opportunities Growth Fund – Pinewood Strategy which held 2,350,869 shares or 1.81% as of December, 2015 sold 1,400,000 shares or 1.08% to bring its shareholding down to 950,869 shares or 0.73%.
India Opportunities Growth Fund is a Mauritius based entity registered as a Foreign Institutional Investor with the Securities and Exchange Board of India.
Amulya Leasing & Finance
The Company holds a certificate of registration from Reserve Bank of India (RBI) to carryout business activities of a Non-Banking Finance Company (NBFC). The Company is a Non-Banking Financial Company (NBFC) not accepting public deposits. The main business activities of the Company is financing and leasing.
Commercial Advertising & Marketing – a private entity led by Sunita Purohit and Rajiv Purohit purchased 53,000 shares or 1.06% thereby increasing their shareholding to 203,000 shares or 4.06%. As of December, 2015 their shareholding in Amulya Leasing & Finance stood at 150,000 shares or 3%.
FMS Securities – a trading member registered with SEBI sold 73,000 shares or 1.46%.
Gateway Distriparks – Capital Mind Outlier Stock – MACD
Gateway Distriparks Limited is the only logistics facilitator in the whole of India with three verticals which are synergetic and capable of being interlinked – Container Freight Stations (CFS), Inland Container Depots (ICD) with rail movement of containers to major maritime ports, and Cold Chain Storage and Logistics.
Sundaram Select Midcap Fund – which held 1,011,506 shares or 0.93% for the period ending 29th February, 2016 purchased an additional 713,109 shares or 0.65% thereby brining the individual funds total holding in the company to 1,724,615 shares or 1.58%.
Here are the other schemes of Sundaram Mutual Fund wherein it holds Gateway Distriparks:
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 which held 2,713,441 shares or 2.50% as of December, 2015 sold 761,689 shares or 0.70% to bring its shareholding down to 1,951,752 shares or 1.79%.
Indian Terrain Fashions – Capital Mind Outlier Stock – Volume Shocker
Indian Terrain Fashions Ltd. is one of the leading brands of choice in premium casual wear for men. The range products include Men’s apparel includes Shirts, Trousers, T Shirts, Shorts, Mufflers, Knitwear, Jackets, Denim, Boxers and Socks.
With a turnover of around Rs.200 Crores, the company today retails across the country through more than 700+ Multi Brand Outlets, 130+ doors of Large Format Stores, 100+ Exclusive Brand Outlets as well as being available through online stores.
SBI Mutual Fund which held a total of 3,510,578 shares or 9.77% under its 6 different Mutual Fund schemes sold reshuffled its portfolio with a net sale of 240,000 shares or 0.67% thereby brining its holding down to 3,270,578 or 9.10%.
SBI FMCG Fund added 294,000 shares or 0.82% while SBI Small & Midcap Fund sold 534,000 shares or 1.49%.
Here is how the shareholding in Indian Terrain Fashions pans out for SBI Mutual Fund:
Raja Bahadur International
Raja Bahadur International Limited (RBIL), formerly known as The Raja Bahadur Motilal Poona Mills Ltd., was promoted by the Pittie family, renowned entrepreneurs, around the end of 19th century of pre-independent India and was incorporated as a Public Limited Company in 1926 for carrying out the manufacture of textile products.
The Company further diversified and were pioneers in the manufacturing of drawing office/reprographic equipment, mini drafters and high precision machine tool accessories. RBIL, in the short span of its Real Estate development activities, has earned a reputation for quality construction of high-end office space.
Vibhore Trading & Finance – an entity led by Rabindra Goyal, Sandeep Agarwal, and Kamal Agarwal purchased 4,990 shares or 0.01%. This stake was sold by Shringar Marketing – a firm led by Sanjay Agarwal and Vineeta Agarwal which held 5,000 shares or 0.01% as of December, 2015.
Rane Engine Valve
Company manufactures valves and valve train components for various engine applications and caters to every section of the auto industry through five manufacturing plants.
EMDEE Stock Brokers – a brokerage firm sold 36,196 shares or 0.54%.
United Breweries – Capital Mind Outlier Stock – BBand, MACD
United Breweries is India’s largest producer of beer with a market share of around 48% by volume. United Breweries now has greater than a 40% share of the Indian brewing market with 79 distilleries and bottling units across the world. Recently, UB financed a takeover of the spirits business of the rival Shaw-Wallace company, giving it a majority share of India’s spirits business. The group also owns the Mendocino Brewing Company in the United States.
Heineken International BV which held 42.22% through various promoter companies as of December, 2015 purchased an additional 2,115,088 shares or 0.80% to increase its shareholding from 111,635,000 shares or 42.22% to 113,750,088 shares or 43.02%
With an annual beer production of 181.3 million hectolitres, Heineken ranks as the third largest brewer in the world after Anheuser-Busch InBev and SABMiller, based on volume.
Heineken owns over 165 breweries in more than 70 countries and employs approximately 76,000 people. Besides Heineken Lager Beer, it brews and sells more than 250 other international premium, regional, local and specialty beers.
Financial services firm ECL Finance and Yes Bank sold 1,515,088 shares and 600,000 shares respectively.
Here is what the markets had to say about the deal: Times of India, VC Circle
Check out the Deal Flow for the other days:
Deal Flow – 22/03: Woodside Parks buys Stichting Depository APG stake in Mcleod Russel
Deal Flow – 17/03: Deep Industries, MBL Infrastructures and Suryalakshmi Cotton Mills
Deal Flow – 16/03: Maverick Commodity Brokers buy a small stake in Geometric
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.
