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CARE Rating, Diamond Power Infrastructure, Gulf Oil Corporation, Healthcare Global, Hinduja Foundries, India Cements, Hinduja Ventures, and Wintac witness deals

Deal flow for today shows:

  • Afrin Dia – a Foregin Individual Investor sold stakes in Hinduja Group companies i.e. Gulf Oil Corporation and Hinduja Foundries which was purchased by Dilip Kumar Lakhi of the Lakhi Group
  • Goldman Sachs Singapore and Morgan Stanley Mauritius sold Healthcare Global on its IPO debut
  • LGT Fund purchased stake in CARE – Credit Analysis and Research
  • Macquarie Bank sold its stake in Diamond Power Infrastructure to Kotak Mahindra (International)
  • Radhakrishan Damani led Derive Investments sold stake in India Cements

Deal_Flow_31_March_2016

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.

ABG Shipyard

ABG Shipyard is a part of the ABG Group of companies with diversified business interests. Established in 1985, it is headquartered in Ahmedabad. It has shipbuilding operations in Surat and Dahej in Gujarat. Following its acquisition of Western India Shipyard Limited in October 2010, it operates a ship repair unit in Goa which is the largest ship maintenance facility in India.

ABG Shipyard builds a range of commercial vessels. These include self-loading and self-discharging bulk carriers, container ships, and floating cranes, split barges, anchor handling tugs, dynamic positioning ships, offshore supply vessels and diving support vessels.

ABG Shipyard Share Price

Arum Investments – a Mumbai based entity sold 845,143 shares or 1.53%.


CARE

CARE Ratings has established itself as the second-largest credit rating agency in India. CARE Ratings has also emerged as the leading agency for covering many rating segments like that for banks, sub-sovereigns and IPO grading.

CARE Ratings provides the entire spectrum of credit rating that helps the corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations.

Care Limited Share Price

LGT Select Equity Asia/Pacific Ex Japan Fund purchased 160,000 shares or 0.55%.

LGT Group is the private banking and asset management group of the princely House of Liechtenstein. LGT, originally known as The Liechtenstein Global Trust, is the largest family-owned private wealth and asset manager in Europe, wholly owned by the Prince of Liechtenstein Foundation

LGT Select Equity Asia/Pacific ex Japan is an open-end investment fund incorporated in Liechtenstein. The Fund invests primarily in equity securities and participation rights issued by companies that are domiciled in Asia ex Japan or conduct the bulk of their business there and holding companies domiciled there.


Crescent Leasing

The main objective of the company is Finance, Hire – Purchase, Leasing of Goods and Commodities. Currently Company is engaged in the business of advancing loans and investing in Quoted and unquoted securities.

Mandar Vijay Khavilkar – an individual investor purchased 23,100 shares or 0.57%


Diamond Power Infrastructure

India’s largest and only integrated manufacturer of power transmission equipment and turnkey services provider (EPC).

In-house manufacturing facilities for cables, conductors, transformers and transmission towers, Design and manufacturing of a wide range of power transmission equipment that includes Conductors, Power Cables-HV, LV & UHV and Transformers.

Diamond Power Infrastructure Share Price

Macquarie Bank which held 3,868,606 shares or 6.79% sold of its entire stake to Kotak Mahindra (International).

Macquarie Group Limited is a global investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services to institutional, corporate and retail clients and counterparties around the world. Headquartered in Sydney, Macquarie is the largest Australian investment bank and the top ranked mergers and acquisitions advisor in Australia.

Macquarie is listed in Australia (ASX:MQG) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker.


Fortune Financial Services

Fortune Financial Services (India) is engaged in providing a range of Financial Services right from Equities and Derivatives trading, Equity Research, Commodities Trading, Portfolio Management Services, Distribution of Mutual Funds, IPO & Insurance products and also Investment banking services.

The company launched its Portfolio Management Services (PMS) and has four business verticals viz. Fortune Equity Brokers (India) Limited, Fortune Commodities & Derivatives (India) Ltd., Fortune Credit Capital Ltd. and Fortune Financial India Insurance Brokers Limited.

Bomin Finance which held 999,000 shares or 3.52% sold 500,000 shares or 1.76% to Hypnos Fund. With this purchase, Hypnos Fund now holds 3.59%.

Hypnos Fund is a registered FII based out of Mauritius. The company is registered under the New Zealand jurisdiction.


Garnet International

Garnet International is engaged in the business of infrastructure and finance. The company has also entered into the mining sector. The company has also entered into textile sector by acquiring 51% of paid up capital of the Sukartik Clothing Private Limited. The SCPL is manufacturing seamless garment and also doing the work as process house.

Nishu Finlease sold 99,250 shares or 1.59% to VSB Investments.


GOCL Corporation

The Chemical Hub of Hinduja Group is the large marketing networks of lubricants and industrial explosives businesses.

Afrin Dia – the NRI Big Whale sold 927.367 shares or 1.87% to Dilip Kumar Lakhi of the Lakhi Group.


Goodricke Group

The objectives of the company amongst other things are, to grow, cultivate, manufacture, treat, blend, process, buy, sell and deal in tea in various forms, to carry on the business as planters in all its branches, to manufacture, buy, sell and deal in machinery for processing tea.

Santosh Industries</st rong> sold 131,593 shares or 0.52%.


Healthcare Global

HealthCare Global Enterprises Ltd, the specialist in cancer care has its headquarters in Bangalore, India and is known to be the only dedicated cancer care network with quality care across 20 centres.

Goldman Sachs Singapore and Morgan Stanley Mauritius sold 699,714 shares or 0.83% and 443,060 shares or 0.52%. Though we are not aware of Goldman Sachs Singapore holding prior to this sale, Morgan Stanley Mauritius held 1,736,938 shares or 2.05% which is now reduced to 421,714 shares or 0.50%.

In the news: Healthcare Global Enterprises lists at big discount to its issue price


Hinduja Foundries

Hinduja Foundries is India’s largest foundry group with the capacity to produce cylinder block and head ranging from 25 kgs to 500 kgs.

From castings for automobiles and tractors to industrial engines, construction equipment and power generation equipment, Hinduja Foundries meets the stringent requirement of diverse segments. It even caters to the exceptionally high standards of Defence applications.

At its advanced facilities for tool design and manufacture Hinduja Foundries produces cast iron cylinder blocks, cast iron cylinder heads and cast iron transmission housings.

Hinduja Foundries Share Price

Afrin Dia – the NRI Big Whale sold 1,125,720 shares or 1.58% to Dilip Kumar Lakhi of the Lakhi Group. With this sale, Afrin Dia has completely exited Hinduja Foundries.


India Cements

India Cements Limited is a cement manufacturing company in India. It has seven manufacturing plants in India with an annual capacity of 9 million tons. Sankar, Coramandel and Raasi Gold are the brands owned by India Cements.

India Cements Share Price

Radhakishan Damani’s Derive Investments sold 1,950,000 shares or 0.65%.


Kakatiya Cement Sugar Industries

Kakatiya Cement Sugar & Industries Limited (KCSIL) earlier known as Kakatiya Cements Limited (KCL) manufactures Ordinary Portland Cement. The installed capacity of the Cement Division of the Company was increased to 2,97,000 TPA at present, whereas that of the Sugar Division is increased from 2500 TCD to 3200 TCD at present. The cement plant of the Company is located in Nalgonda District of Andhra Pradesh, whereas the sugar and power plants are located in Khammam District.

Kakatiya Cements Sugar Industries Share Price

Errol Fernandes purchased 46,683 shares or 0.61%.


Lambodhara Textiles

The Company produces customized yarns using various fibers, numerous blends and numerous effects based on the requirements. It has a capacity of 37,856 spindles, with 33,224 spindles producing fancy yarns with specialization in manufacturing slub yarns, multi count and multi twist yarns, siro yarns and neppy yarns. They also produce yarns using Polyester, Polyester variants, Viscose, Modal, Excel and Flax as raw materials.

Lambodhara Textiles Share Price

Jigneshbhai Hiralal Shah purchased 48,000 shares or 0.53%.


Pincon Spirit

Pincon Spirit is the flagship Company of PSL Group having business vintage from Eastern India in:  Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) in Country Liquor Segment (C.S.Liquor), Retail Chain of IMFL / IMIL off & on Shops, and Fast Moving Consumer Goods (FMCG) being Edible Oils of different types.

PSL is the only company in India to have business lines in Alcoholic Beverages & Fast Moving Consumer Goods.

Youthvision Commodities – a Kolkata based firm purchased 144,665 shares or 0.72%.


Uni Abex Alloy Products

Uni Abex Alloy Products Limited, is a Neterwala Group Of Company pioneer and leading manufacturer of centrifugal and static casting in heat, wear and corrosion resistant alloys.

Uni Abex is considered as a premier source for heat and corrosion resistant stainless steel casting containing high nickel and chromium conforming to international specifications.

Dhiren Shevantilal Shah purchased 15,000 shares or 0.76% from Rupesh Bhaidas Mehta.


Wintac Limited

Wintac Limited was started in the year 1987 with the name of Recon Limited and as an offspring of Bangalore Pharmaceutical and Research Laboratories which has been in existence since 1956.

In 2001 – Recon was renamed as Wintac Limited, coined from We Intend Taking Care (WINTAC) its range of specialties includes Large and small volume injectable and ophthalmic solutions.

The facility which is on 16 acres of land has a total built-up area of over 85,000 sq. ft. and consists of a sterile unit. The sterile unit is about 70,000 sq. ft. including exclusive suite for ophthalmic preparation.

S Jayprakash Mady who held 906,906 shares or 9.05% as of December, 2015 sold 69202 shares or 0.69% to bring his shareholding down to 4.42%.

This stake was purchased by Bangalore Pharmaceutical & Research Laboratory which already held 1,212,900 shares or 12.10%.

GAVIS Pharma LLC is the promoter and holding company of Wintac Limited. Note that Lupin has not acquired Wintac Limited and/or its holding company GAVIS Pharma LLC, USA. Gavis Pharma and Gavis Pharmaceuticals are two different companies and that Lupin has acquired only Gavis Pharmaceuticals.


Check out the Deal Flow for the other days:

Deal Flow – 29/03: Future Retail DVR, Hinduja Ventures, and Pincon Spirit witness deals

Deal Flow – 28/03: Fiem Industries, IndusInd, Mcleod Russel & Talwalkars witness deals

Deal Flow – 23/03: Aditya Birla Nuvo, Gateway Distriparks, and United Breweries witness huge deals

Deal Flow – 22/03: Woodside Parks buys Stichting Depository APG stake in Mcleod Russel

Deal Flow – 21/03: SmallCap World Fund sells part of its stake in Tribhovandas Bhimji Zaveri to Vikram Kotak led Crest Capital & Investment

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Disclaimer

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