- Wealth PMS (50L+)
Deal flow for today shows Stichting Depository APG selling its stake in Mcleod Russel to Woodside Parks, Pari Washington India Master Fund buying Catamaran Capital’s stake in India Motor Parts & Accessories.
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.
Asahi India Glass Ltd. (AIS) is India’s leading integrated glass solutions company and a dominant player both in the automotive glass and architectural glass segments. It commands over 70% share in the Indian automotive glass market. AIS provides end to end solutions right from manufacturing of glass, processing, fabrication and installation services. It is a sand-to-solutions organization offering varied types of glass products & services for institutional buyers as well as retail customers.
Avantha Realty sold 1,249,000 shares or 0.51%
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 who held 45,374 shares or 1.12% as of December, 2015 – sold 36,350 shares or 0.90% to bring his shareholding down to 9,024 shares or 0.22%
India Motor Parts & Accessories Limited (IMPAL) a TVS Group Company. The Company is engaged in the distribution of automobile spare parts and accessories through its 50+ branch network representing over 50 manufacturers. IMPAL is one of the few all India distributors of motor parts and deals in engine group components, brake systems, fasteners, radiators, suspensions, axles, auto electricals, wheels, steering linkages, instrument clusters etc.
Pari Washington India Master Fund – a Mauritius based entity of the CIM Group purchased an additional stake of 1.32%. With this purchase its shareholding now stands at 333,893 shares or 4.02%. This stake was sold by Catamaran Capital which held 123,723 shares or 1.49% and with this sale its stake is now reduced by 109,000 shares or 1.49% to 14,723 shares or 0.18%.
McLeod Russel India is the world’s largest tea growing company. They manufacture approximately 100 million kilograms of high quality tea a year from our tea estates in Assam and West Bengal, India, Vietnam, Uganda and Rwanda and are responsible for employing over 90,000 people.
McLeod is also planning to double its bought leaf production to 50 million kg over the next four years to maintain a stable production.
Stichting Depository APG Emerging Markets Equity Pool which held 2,142,783 shares or 1.96% as of December, 2015 sold 930,252 shares or 0.85% to Woodside Parks thereby reducing its holding to 1,212,531 shares or 1.11%.
Woodside Parks which purchased the above stake of 0.85% and an additional 596,000 shares or 0.55% to bring its total shareholding to 1,586,291 shares or 1.45%.
Stichting Depositary APG Emerging Markets Equity Pool operates as a professional services firm. The Company provides legal services, accountancy, tax advice and administration services. Woodside Parks Limited was incorporated in 1982 and is based in India. The company operates as a former subsidiary of Williamson Magor & Co. Limited. Williamson Magor & Co. are the promoters of the company.
Deal Flow – 21/03: SmallCap World Fund sells part of its stake in Tribhovandas Bhimji Zaveri to Vikram Kotak led Crest Capital & Investment
Deal Flow – 18/03: Smallcap World Fund buys a huge stake in Page Industries and Vanguard International buys into Marksans Pharma
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
Deal Flow – 15/03: Goldman Sachs sells Crompton Greaves, Shilpa Porinju Veliyath buys stake in Tera Software
Nothing in this newsletter is financial advice and should not be c
onstrued 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.