- Wealth PMS (50L+)
Deal flow for today shows that Narantak Dealcomm Limited and Subham Capital added Star Ferro & Cement to their holdings, while Franklin Templeton Asset Management sold their stake in Career Point Limited. Acira Consultancy and Ruchit Bharat Patel added Transpek Industries to their portfolio.
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.
Career Point was incorporated to impart quality education to students preparing for various competitive examinations. The Company has diversified business operations with multiple product offerings including Test Preparation, Schools (Pre-schools and K12), Technical Campuses, and Private Universities in multiple geographies.
Franklin Templeton Asset Management sold 400,000 shares or % at an avg. price of Rs. 100/- per share. As of December, 2015 – Franklin Templeton Equity Strategy – PMS Account held 537,618 shares or 2.96%.
With this sale, the stake is now reduced to 137,618 shares or 0.76%.
More on this deal from Business Line, Money Control and Livemint
Star Ferro and Cement Ltd., incorporated in the year 2011, is a Mid Cap company (having a market cap of Rs 2362.81 Cr.) operating in Metals – Non Ferrous sector.
Narantak Dealcomm – a Kolkata based firm continues its purchase of this stock. The firm added another 500,000 shares or 0.23% to its previous purchase of 1,000,000 shares or 0.45% at an avg. price of Rs. 106/- per share.
This stake was again sold by Shyam Metalics & Energy. The company had previously offloaded 2,207,978 shares or 5.40%.
The stock also changed hands from Gulmohar Complex Private Limited to Subham Capital i.e. 1,008,753 shares or 0.45%.
Transpek Industry Limited was set up in 1965 initially for manufacturing Transparent Acrylic Sheets.
Transpek has indigenously developed process for chlorinated chemicals like Thionyl Chloride and Chloro Acetyl Chloride. The company is pioneer into Thionyl Chloride Chemistry and currently largest producer of Thionyl Chloride & Acid Chlorides in Asia, outside Europe.
Ruchit Bharat Patel – an individual investor and Acira Consultancy led by Pavan Shanker Kirpalani, Shanker Tuljaram Kirpalan purchased 100,000 shares each.
With this purchase, the Patel family now own 643,323 shares or 10.95% making them the single largest non-promoter holder.
Deal Flow – 08/03: Atyant Capital buys more of Seshasayee Paper & Boards, DSP Blackrock Emerging Stars Fund buys Shaily Engineering Plastics and SBI Mutual Fund adds more of Westlife Development
Deal Flow – 03/03: Atyant Capital buys into Ponni Sugars (Erode) and Seshasayee Paper & Boards
Deal Flow 01/03: Sumitomo Mitsui Banking Corporation sells 50% stake in Kotak Mahindra Bank to Canada Pension Plan Investment Board and IDFC Premier Equity Fund reduces its holding in VA Tech Wabag from 7.23% to 5.90%
Deal Flow: California Public Employees’ Retirement System (CalPERS) exits Axis Bank during the last 5 minutes of the trading session
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.