Atyant Capital buys into Ponni Sugars (Erode) and Seshasayee Paper & Boards

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.

Ponni Sugars (Erode) – MACD Crossover

Ponni Sugars (Erode) 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.

Seshasayee Paper & Boards

Seshasayee Paper and Boards (SPB), the flagship company belonging to ‘ESVIN GROUP’, operates an integrated pulp, paper and paper board Mill at Pallipalayam, Erode-638 007, District Namakkal, Tamilnadu, India.

The current installed capacity of the Company stands at 115,000 tonnes per annum. SPB’s exports are nearly 20% of its production and is a significant exporter in the Indian Paper Industry.

Atyant Capital purchased 150,000 shares or 1.74% at an avg. price of Rs. 199.90/- in Ponni Sugars and 150,000 shares or 1.19% in Seshasayee Paper & Boards. The seller in Seshasayee Paper & Boards is Indo Asian Securities who sold 111,032 shares or 0.88%

A US-based hedge fund was founded in 2005 by Pratik Sharma, Rahul Saraogi. Here are their earlier deals:

Deal Flow – 25/01: Atyant Capital & Directors of Kedaara Capital sell Ponni Sugars (Erode) and Sasken Communications

Deal Flow – 08/01: Atyant Capital India Fund sells Navin Fluorine International

Check out the Deal Flow for the other days:

Deal Flow 01/03: Sumitomo Mitsui Banking Corporation sells 50% stake in Kotak Mahindra Bank to Canada Pension Plan Investment Board and IDFC Premier Equity Fund reduces its holding in VA Tech Wabag from 7.23% to 5.90%

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

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

Disclaimer

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.