Carborundum Universal (CUMI) is India’s leading manufacturer of bonded and coated abrasives. CUMI also manufactures technical ceramics that operate under extreme conditions and are subjected to high temperature, high voltage, chemical corrosion or physical wear-and-tear.
Nalanda Capital which held 21,271,981 shares representing 11.30% of the share capital for the period ended December, 2015 sold 18,971,981 shares or 10.08% thereby bringing its holding down to 23 lakh shares or 1.22%.
Part of this was purchased by Big Whale Nemish Shah i.e. 1,500,000 shares or 0.80% and Amrit Petroleums i.e. 2,000,000 shares or 1.06%.
Nalanda follows the private investment in public enterprises, or PIPE, strategy that accounts for a majority of deals of some of the top performing and largest private equity firms in India like ChrysCapital and WestBridge Capital.
Nalanda is headed by Former Warburg Pincus India Managing Director Pulak Prasad who has over eight years of investing experience in India with Warburg Pincus where he was India Co-Head and Managing Director. He has an M.B.A. from the Indian Institute of Management, Ahmedabad and a B. Tech degree from the Indian Institute of Technology, Delhi.
Here are the holdings of the company across its various funds for the period ended March, 2016.
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