Financial Technologies (FT) lost over 1,600 cr. in market cap today. The impact will be felt by many, including many of us who indirectly own stakes through mutual funds which own this stock. Let’s see who’s impacted.
The share ended the day at Rs. 191, down 65%, one of the largest falls in a single day for a stock on the exchange.
Shareholders of Financial Technologies
Major shareholders own around 25% of FT. (Only from the last quarterly shareholding pattern as of June 30, 2013)
| Shareholders (FT) | Shares (Lakh) | Impact (Cr) | % of Company |
| Ravi and Bharat Sheth | 37.97 | -132.21 | 8.24% |
| Pivotal Securities | 5.65 | -19.67 | 1.23% |
| FIIs (FT) | |||
| Blackstone | 32.36 | -112.68 | 7.02% |
| Citi Venture Cap | 19.76 | -68.80 | 4.29% |
| Acacia | 14.25 | -49.62 | 3.09% |
| Fidelity | 5.02 | -17.48 | 1.09% |
The Sheth brothers (who own Great Eastern Shipping) have lost a packet today with a hit of over R. 130 crores.
Pivotal Securities is rumoured to be owned by Professor Shivanand Mankekar, a value investor of some repute, and who’s lost about 20 cr. today. However, Prof. Mankekar will have other things on his mind, as his other shares like Strides Arcolab and Wockhardt (continuous lower circuits) are doing really badly.
Pivotal Securities is owned by Arun Jayantilal Shah, Bimal and Jayesh Parekh, not by Prof Mankekar. (Apologies). These guys run Sunidhi Securities. (Thanks to Dheeraj and @tradewithvj who pointed me to the correct info)
FIIs have seen a mark to market hit of over 250 cr. today.
Shareholders of MCX Limited
MCX – the Commodities exchange and a part owner of MCX-SX – is owned by a large number of players. The stock stayed at the lower circuit at 20% down all day. It’s now half of the IPO price at 510.55.
| Shareholders (MCX) | Shares (Lakh) | Impact (Cr) | % of Company |
| Times Group | 11.44 | -14.64 | 2.25% |
| NSE | 12.5 | -16.00 | 2.45% |
| IFCI | 24.42 | -31.26 | 4.79% |
| NABARD | 15.63 | -20.01 | 3.06% |
| Corporation Bank | 15.05 | -19.26 | 2.95% |
| HDFC Bank | 5.25 | -6.72 | 1.03% |
| Bank of India | 5.25 | -6.72 | 1.03% |
| Union Bank of India | 5.25 | -6.72 | 1.03% |
The impact to banks is tiny, but an entity such as the Times group (Bennett Coleman) is only surprising because it’s also a shareholder in the continuously falling Gitanjali Gems.
Foreign investors own 31% of MCX and have lost around 200 cr. today.
| FIIs | Shares (Lakh) | Impact (Cr) | % of Company |
| Blackstone | 10.2 | -13.06 | 2.00% |
| Citi Venture Cap | 19.76 | -25.29 | 4.29% |
| Passport Capital | 25 | -32.00 | 4.90% |
| Fidelity | 25.5 | -32.64 | 5.00% |
| Singapore Govt | 5.5 | -7.04 | 1.08% |
| Intel Capital | 8.27 | -10.59 | 1.62% |
| Merrill Lynch | 14.25 | -18.24 | 2.79% |
| Aginyx Cyprus | 24.42 | -31.26 | 4.79% |
| EuroNext | 24.13 | -30.89 | 4.73% |
Coming soon: Mutual Funds that owned FT and MCX.
(Much of this data has been sourced through the Capital Mind database, a proprietary data store that is being built)
