- Wealth PMS (50L+)
Deal flow for today shows that Copthall Mauritius (a subsidiary of JPMorgan Chase & Co.) sold Crompton Greaves to another an American based fund – WGI Emerging Markets Smaller Companies Fund.
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.
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.
Madhukar Sheth – an individual investor who held 307,224 shares or 6.14% sold 55,000 shares or 1.10%. With this sale, his stake is now reduced to 252,224 shares or 5.04%
Crompton Greaves is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai. It is part of Avantha Group.
The company has recently sold of its Transmission & Distribution (T&D) Business outside India
Copthall Mauritius (a subsidiary of JPMorgan Chase & Co.) which held 6,863,202 shares or 1.10% as of December, 2015 – sold 5,936,587 shares or 0.95% thereby reducing its stake to 926,615 shares or 0.15%.
WGI Emerging Markets Smaller Companies Fund purchased 8,622,451 shares or 1.38%.
WGI Fund is reportedly an early-stage venture capital firm with their most notable investment in Right Media, which was acquired by Yahoo! in 2007. Investments are managed by Michael Walrath, Noah Goodhart and Jonah Goodhart.
A small cap company present in 4 major areas of power technology i.e. Transformers, Elevators, Energy Meters and Turn Key Projects of Railways, Power Sub Stations, Roads and Bridges.
Indian Chain – a manufacturer of high performance welded chains and their accessories in India and abroad purchased 80,000 shares or 1.04%. This stake was sold by Vistar Financiers – a company led by Trilok Kumar Rajgaria, Ashok Kumar Poddar, Aditya Vikram Choudhary.
Ponni Sugars (Erode) Limited is an India-based company. The Company is engaged in the manufacturing of sugar and its by-products. The Company is pursuing Cogen Project. The Company’s products include Cane Sugar, Cane Molasses, Molasses Bagasse. The Company’s plant is located in Namakkal District, Tamil Nadu.
Prashanth Patel – an individual investor purchased 89,000 shares or 1.03%
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.
Amazing Vinimay – an entity sold 750,000 shares or 0.34% to Shubham Capital.
Shubham Capital has traded the stock earlier by selling it at 130.50/- per share on 29-Dec-15 and has purchased it back now at Rs.106/- oer share on 14-Mar-16.
Transpek Industry Limited was set up in 1965 initially for manufacturing Transparent Acrylic Sheets.
The company is pioneer into Thionyl Chloride Chemistry and currently largest producer of Thionyl Chloride & Acid Chlorides in Asia, outside Europe. Transpek used to manufacture Sodium Hydrosulfite, Safolite, Safoline, Zinc Oxide and Zinc Dust. This business has been transferred to Transpek Silox Industry Limited, a Joint Venture.
Rupesh Bhaidas Mehta – an individual investor purchased 53,000 shares or 0.90%.
Deal Flow – 11/03: Orange Mauritius (FII) sells Ess Dee Aluminium, Vraj Enterprises and Yamini Investments sell Rama Steel Tubes
Deal Flow – 09/03: Franklin Templeton sells Career Point Limited and Subham Capital buys Star Ferro & Cement
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%
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.