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Deal Flow – 25/01: Copthall Mauritius (subsidiary of J.P.Morgan Chase & Co.) buys KNR Constructions, Atyant Capital & Directors of Kedaara Capital sell Ponni Sugars (Erode) & Sasken Communications to Vanderbilt University and Vistar Financiers buy ECE Industries


Here is the “Deal Flow (Summary of Bulk & Block Deals)” of the data that is revealed in the markets. This has been collated and curated to make trade-able sense.

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.


Royal Orchid Hotels

Royal Orchid Hotels offers business hotels from luxurious 5 star hotels to economy business hotels. They operate 30 business and leisure hotels in 21 popular destination. Presently, Royal Orchid Hotels is among India’s fastest growing hospitality chains.

NV Share and Investments an unknown firm which had purchased (read here) 200,000  shares or 0.74% on at an avg. price of Rs. 86.05/- sold 140,889 shares or 0.52% at an avg. price of Rs.89/-.

This turnaround resulted in a quick profit of Rs. 4.2 lakhs over a 20 day period.

Ponni Sugars (Erode) and Sasken Communication Technologies

Ponni Sugars (Erode) Limited is an India-based company. The Company is engaged in the manufacturing of sugar and its by-products. The Company is pursuing Cogen Project. The Companys products include Cane Sugar, Cane Molasses, Molasses Bagasse. The Company’s plant is located in Namakkal District, Tamil Nadu.

Sasken Communication Technologies Limited (formerly, Silicon Automation Systems, Inc. (SAS) offers research and development consultancy, wireless software products, software services and network engineering services to semiconductor manufacturers, wireless handset developers, network equipment and test and measurement companies, and service providers globally.

Atyant Capital A US-based hedge fund was founded in 2005 by Pratik Sharma, Rahul Saraogi. They sold 95,711 shares or 1.11% and 200,000 shares or 1.13% in Ponni Sugars and Sasken Communications respectively.

GHI JBD LTD – a sister concern of GHI LTP LTD, GHI HSP LTD and GHI ERP LTD. The firms are Mauritius based which in turn is controlled by GFin Corporate Services (9th Floor, Orange Tower, Cybercity, Ebene, Mauritius). Mr. Santosh Gujadhur is a co-founder of GFin Corporate Services and Mr. Tej Gujadhur is a co-founder of GFin Corporate Services Ltd. Both of whom are regulated Mauritian administrators. They also serve on the Board of Kedaara Capital(click here for the older deal)

GHI ERP holds 110,315 shares or 1.28%, GHI JBD holds 397,599 or 4.62% and GHI LTP holds 539450 or 6.27% as of 31-Dec-15, sold 200,000 shares or 2.32% at an avg. price of Rs. 200/- (GHI group holds 1,472,364 shares or 17.11% along with another Mauritius based Orange Mauritius Investments).

This brings GHI JBD holds shareholding to 197,599 shares or 2.30%.

Vanderbilt University purchased 300,000 or 3.49% valuing the deal at Rs. 200 lakhs.

All 3 entities also performed the same transaction in Sasken Communication Technologies. As of 31-Dec-15 none of the 3 entities held more than 1% of the shareholding in Sasken and hence their older shareholding could not be determined.

As of 31-Dec-15, only Birla Sun Life New Millennium Fund holds 40,000 shares or 0.23% in Sasken.

ECE Industries

ECE is a Public Limited Company belongs to the B.K Birla Group of Industries having interest in various manufacturing and services division. It is a multiproduct, multi-location company.

Its plants are present at Hyderabad–Energy Meter & Transformer, Kolkata – Energy Meter, Sonepet – Power Transformers & H.T Switch gear, Ghazibad – Elevators, Vishakapatnam – Distribusion Transformer, Chennai – Contract Division for Railways, Electrification, Sub-Stations, and Roads & Bridges etc.

Hitesh Ramji Javeri and Hitesh Harsha Javeri who held 300,000 shares or 3.88% and 90,000 shares or 1.16% as of June, 2015 sold 299,000 shares and 89,000 shares at an avg. price of Rs. 160/-

Part of this was purchased by Vistar Financiers – Involved in other financial intermediation (includes financial intermediation other than that conducted by monetary institutions).

KNR Constructions

KNR constructions is a multi-domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management. Their project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges wherever integral to the projects undertaken.

Copthall Mauritius – a subsidiary of J.P.Morgan Chase & Co. (view previous transactions here) purchased 195,356 shares or 0.69% at an avg. price of Rs. 500/- per share.

Check out the Deal Flow for the other days:

Deal Flow – 21/01: Morgan Stanley dumps GATI, First State Asia Pacific Leaders Fund buys Marico from Arisaig India Fund and Tech Mahindra from New Perspective Fund

Deal Flow – 20/01: Tirupati Trade & Finance Company buys Lincoln Pharma and Kitara Capital buys Mold-Tek Packaging via Kitara India Micro Cap Growth Fund

Deal Flow – 19/01: Dilipkumar Vishindas Lakhi (Mumbai’s highest tax payer) buys International Paper APPM and Alfa Fiscal Services buys bruised Lincoln Pharma

Deal Flow – 18/01: Vijay Kishanlal Kedia buys Karnataka Bank, Jayantilal Patel buys battered Lincoln Pharma and Forefront Capital Management buys McNally Bharat Engineering

Deal Flow – 15/01: GMO Emerging Domestic Opportunities Fund buys the Outlier Gateway Distriparks

Deal Flow – 13/01: DSP Blackrock via DSP Blackrock Alternative Investment Fund, via DSP Blackrock MicroCap Fund & via DSP Blackrock Tiger Fund buys a ton of Skipper Limited


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