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Stocks

Franklin Templeton exits Career Point with stake sale to Fidelity Global

Career Point Limited

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.

Career Point Share Price April 2016

Franklin Templeton Asset Management which brought its shareholding down to 137,618 shares or 0.76% as highlighted in our earlier post, sold 175,000 shares or 0.96% thereby removing the stock from its PMS account.

This stake was purchased by Fidelity Global Equities Fund which already held 1106300 shares or 6.10% through Fidelity Fund- Asian Smaller Companies Pool (FII) and Fidelity Asian Values Plc (FII) has now purchased part stake of the above sale i.e. 170,891 shares or 0.94%.

With this purchase its stake is now increased to 1,277,191 shares or 7.04%. Other Big investors in the company include Akash Bhanshali aka Big Whale.

Career Point Fidelity Franklin Templeton April 2016

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