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Deal Flow – 15/03: Goldman Sachs sells Crompton Greaves, Shilpa Porinju Veliyath buys stake in Tera Software

Deal flow for today shows that Goldman Sachs India Fund has sold a huge stake in Crompton Greaves after the company announced demerger of its business, L&T Mutual Fund purchased stake in Dwarikesh Sugar Industries – a first time investment and Shilpa Porinju Veliyath buys stake in Tera Software.

Deal_Flow_15_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.

Crompton Greaves

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.

Crompton_Greaves_2

Goldman Sachs India Fund sold 4,600,646 shares or 0.74%. Though it is unclear as to the number of shares the fund currently holds, we can ascertain that its holding as of February, 2016 was 21,551 shares.


Dwarikesh Sugar Industries

Dwarikesh Sugar Industries Limited is an integrated conglomerate, primarily engaged in manufacture of sugar and allied products.

The company has two plants in Bijnor district and one in Bareilly district of Uttar Pradesh- an area with focused concentration of cane production on highly fertile land.

L&T Mutual Fund purchased 242,668 shares or 1.49%. This is the first investment in Dwarikesh by L&T Mutual Fund.


Hindustan Composites

Hindustan Composites Limited is a pioneer in the development, manufacture & marketing of Asbestos Industrial Products and Friction Materials in India for over 50 years.

Composites, with its wide range of products suitable for a number of general and specialised applications, has been catering to the diversified needs of core sector industries, such as Railways, Engineering, Mining, Aerospace, Steel, Chemical, Petrochemical, Fertilizer, Power Generation, Ship Building, Atomic Energy, Electrical, Oil Exploration, Automotive, etc.

Hindustan_Composites

Borosil Glass Works which held 78,652 shares or 1.60% as of December, 2015 – sold its entire stake to an individual investor named Pradip Kumar Kheruka.


Tera Software

Tera Software – IT Company pioneering in the field of e-governance. 

tera_egov

Shilpa Porinju Veliyath (rumoured to be related to Porinju Veliyath of Equity Intelligence) purchased 107,111 shares or 0.85%.


Check out the Deal Flow for the other days:

Deal Flow – 14/03: Copthall Mauritius sells most of its stake in Crompton Greaves to the US based WGI Fund

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

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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 opinion.