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Stocks

Swiss based Rahn & Bodmer (India Max Investment Fund) reduce stake in MT Educare to 2.06%

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mteducarelogo

MT Educare is a national player with a multi-state presence and a diverse product portfolio, standing a class apart thanks to its technology-enabled business processes, digital content delivery and 24 x 7 online support for the courses offered (i.e. Using the new Learning Management System (LMS), the company is now introducing its Flipped Classroom model in 2015).

MT Educare Share Price May 2016

India Max Investment Fund (a Singapore based entity) is a sub-account of a Foreign Institutional Investor (FII) namely Rahn & Bodmer Co. – a Swiss private bank specializing in investment advice, asset management, and securities trading.

The firm held 1,980,000 shares representing 4.97% as of March, 2015 reduced its stake to 1,160,900 shares or 2.91%. The fund had purchased these shares back in 2013 at a price of Rs. 96/- per share. As per the latest disclosure, the Investment Fund has sold 819,100 shares or 2.06%.

Rahn & Bodmer

The stock is also held by Big Whale Ashish Kacholia who holds 1,190,003 shares or 2.99% as of March, 2016. Ashish Kacholia heads Lucky Securities. He is also the co-founder of Hungama.com along with Neerja Roy and other well-known investor like Rakesh Jhunjhunwala. (Grab a copy of our latest Big Whales Report here)

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