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Deal Flow – 25/02: Morgan Stanley sells City Union Bank stake to UK based ARDISIA, Citigroup sells HDIL, India Cements and Kaveri Seeds, National Grid UK Pension Scheme acquires First State Asian Growth Fund’s stake in Mahindra Lifespace Developers


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.


Borosil Glass Works

The company is the market leader for laboratory glassware and microwavable kitchenware in India with a significant presence in USA, Netherlands and in India.

India Opportunities Growth Fund – Pinewood Strategy – a Mauritius based entity purchased 19,800 shares or 0.78%.

Prakash Pranlal Doshi – an individual investor sold the equivalent shares.

City Union Bank

City Union Bank is an Indian bank. The Kumbakonam Bank Limited, as it was at first called, was incorporated as a limited company on 31 October 1904. The bank initially preferred the role of a regional bank in the Thanjavur District Tamil Nadu.

City Union Bank has now a strong network of 494 computerized branches and 1292 ATMs which is spread throughout India.

ARDISIA – a UK based entity purchased 4,900,000 shares or 0.82%.

Morgan Stanley Asia (Singapore) – sold 5,299,528 shares or 0.88%

Housing Development & Infrastructure, India CementsKaveri Seed

Housing Development and Infrastructure Ltd (HDIL) is one of the premier real estate development companies in India and is actively pursuing on the development of real estate and slum rehabilitation projects in Mumbai Metropolitan region. The company is engaged in the business of real estate development and construction of residential and commercial properties, infrastructure facilities and all other related activities. They are also engaged in slum rehabilitation projects in Mumbai Metropolitan region. They have also diversified into energy, hospitality and the development of SEZs.

India Cements Limited is a cement manufacturing company in India. The company is headed by former International Cricket Council chairman N. Srinivasan. It has seven manufacturing plants in India with an annual capacity of 9 million tons. Sankar, Coramandel and Raasi Gold are the brands owned by India Cements.

Kaveri is one of the fastest growing seed company in India with a large network of over 15,000 distributors and dealers spread across the country. With over 700 employees and a strong product line of hybrids.

Citigroup Global Markets (Mauritius) sold 2,592,000 shares or 0.62% in HDIL; India Cements – of the 3,258,000 shares or 1.07% held as of 31-Dec-15, it sold 3,048,000 or over 90% of its holding; Kaveri Seed – sold 375,250 shares or 0.54%.

Mahindra Lifespace Developers

Mahindra Lifespace Developers, the real estate development business of the $16.9 billion Mahindra Group, is a leader in sustainable urbanization, through the creation of residential and integrated large format development across India. Mahindra Lifespaces has a footprint of over 7.3 million sq ft of completed projects and over 11.3 million sq ft of ongoing and forthcoming projects.

The company has pioneered the concept of an integrated business city through ‘Mahindra World City’ developments in Chennai and Jaipur. These developments cover 4,375 acres and house over 100 reputed global companies, providing an integrated environment for Life, Living and Livelihood. The company’s residential footprint spans across Mumbai, Pune, Delhi NCR, Nagpur, Hyderabad, Chennai and now in Bengaluru.

First State Asian Growth Fund – which held 1,092,422 shares or 2.67% as of 31-Dec-15, sold 546,853 shares or 1.34% brining its shareholding down to 545,569 shares or 1.33%. This entire sale was purchased by National Grid UK Pension Scheme.

Check out the Deal Flow for the other days:

Deal Flow – 24/02: Ashish Dhawan sells 0.66% in Mahindra Lifespace Developers while ICICI Prudential Life Insurance buys 1.27%

Deal Flow – 19/02: Reliance MF sells its Everest Industries stake to SBI Mutual Fund

Deal Flow – 18/02: KKR (Kohlberg Kravis Roberts) buys 9.95% in Max Financial Services (Max India)

Deal Flow – 16/02: Pinewood Strategy – India Opp. Fund buys Borosil Glass Works and Standard Chartered (Mauritius) sells Shilpa Medicare to CLSA Global Markets

Deal Flow – 15/02: Amansa sells Kirloskar Brothers and Goldman Sachs India mops up more of Teamlease Services



Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

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