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Deal Flow 29/02: California Public Employees’ Retirement System (CalPERS) exits Axis Bank during the last 5 minutes of the trading session


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.


Axis Bank

Axis Bank Limited is the third largest private sector bank in India. Axis Bank’s stake holders include prominent national and international entities. As of 31-Dec-2015,  42.13% of the shares are owned by Foreign Portfolio Investors. Promoters ( UTI, LIC and GIC), who collectively hold 31% of the shares, are all entities owned and controlled by the Government of India. The remaining 27% shares are owned by corporate bodies, financial institutions and individual investors among others.

The bank offers financial services to customer segments covering Large and Mid-Sized Corporates, MSME, Agriculture and Retail Businesses.


California Public Employees Retirement System sold their stake of 22,426,243 shares or 0.98% to Genesis Indian Investment.

The California Public Employees’ Retirement System (CalPERS) is an agency in the California executive branch that “manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families.

Genesis is a UK based entity was established in 1989 as a research-driven organisation with the aim of providing institutional clients with excellent investment returns through a company-focused approach to investment in emerging markets.

Here is a look at the NPA status of the Bank:

The amount of Gross NPA has increased by a massive Rs. 12,730 million from Sep-15 to Dec-15 (Gross NPA for the previous 5 quarters increased by a Rs. 9,878 million).


Exposure to Domestic, Overseas Markets and Top 5 Industries

Domestic NPA increased by Rs. 11,000 million while the Overseas NPA increased by Rs. 1,500 million. 

Exposure in the Top 5 Industries increased by a staggering 68.54% (from Rs. 12,481 million to Rs. 21,035 million)


Check out the Deal Flow for the other days:

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

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



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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