tag:blogger.com,1999:blog-4899103722933689680.post6706426341481702654..comments2024-02-27T11:21:48.313+05:30Comments on Beating The Dalal Street............: Surprise...Surprise...SurpriseRajeev Desaihttp://www.blogger.com/profile/13770541646082106675noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4899103722933689680.post-11839685623052416842011-03-22T18:31:09.245+05:302011-03-22T18:31:09.245+05:30Hi KPR,
I do not track Sahyadri Ind anymore as pro...Hi KPR,<br />I do not track Sahyadri Ind anymore as promos stake has decreased and so has the NP...Rajeev Desaihttps://www.blogger.com/profile/13770541646082106675noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-83924300260036006632011-03-20T22:17:53.181+05:302011-03-20T22:17:53.181+05:30Opulent Venture Picks 11.52% In Srei Infra Finance...Opulent Venture Picks 11.52% In Srei Infra Finance<br />--------------------------------------------------<br /><br />Opulent, which is linked to the Kanoria family that runs Srei Group, also invests in other small and medium firms.<br /><br />Kolkata-based Opulent Venture Capital Trust has acquired 11.52% stake in Srei Infrastructure Finance Ltd pursuant to amalgamation of Quippo Infrastructure Equipment Ltd with the public listed finance company.<br /><br />Although Opulent is linked to the Kanoria family that runs Srei Group, it is a Sebi-registered domestic venture capital firm with investments in various other small and mid-sized firms.<br /><br />Quippo Infrastructure Equipment is an equipment rental company operating through a dozen odd rental locations spread across the country.<br /><br />Opulent Venture Capital is estimated to hold around 19.7% stake in privately held Quippo Infrastructure Equipment. Srei Infra itself owns around 17% in Quippo Infra and the amalgamation will create treasury shares worth 9.5% of the listed company. The promoters own around 58% in Quippo and their holding in Srei Infra will move up from around 30%, at present, to 46% after the amalgamation.<br /><br />In March 2007, Quippo raised Rs 150 crore by selling stake to IDFC PE and GIC. However their current holding in the company and the eventual holding in Srei Infrastructure Finance could not be ascertained.<br /><br />One of the reasons for the merger is to expand Srei’s capital base so it can borrow more. The net worth of the integrated company would go up to around Rs 2,400 crore from Rs 790 crore of Srei as of March 2010, whereas the total revenue would touch Rs 2,500 crore. This will provide it an opportunity to grow the fund-based business swiftly.<br /><br />Meanwhile, Opulent has invested in various other companies of the group as well as outside. It owns as much as 45% in another listed Srei group firm Shristi Infrastructure Development Corporation Limited (SIDCL), which is into infrastructure development and civil engineering work. It also owned a minority stake in Quippo Telecom before it merged with Tata Group’s telecom infrastructure arm to create Viom, which means Opulent could also be an existing minority shareholder of Viom.<br /><br />Opulent had in the past also invested in firms such as Suryachakra Power Corp.Mayurhttps://www.blogger.com/profile/02999584849663433862noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-90088621832385901302011-03-17T18:55:32.584+05:302011-03-17T18:55:32.584+05:30Hello Rajeev
Sahyadri Industries Ltd Came dow...Hello Rajeev <br /><br /> Sahyadri Industries Ltd Came down from 195 to 53 today.I know this is your one the great pick in the past.Are you still tracking?If you do ,Please provide your input.<br /><br />Thanks<br />RaviKPRhttps://www.blogger.com/profile/12273463763206465522noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-6363415474347792372011-03-15T10:12:24.113+05:302011-03-15T10:12:24.113+05:30Hi Rajeev,
Well i think it is the beginning of co...Hi Rajeev,<br /><br />Well i think it is the beginning of collapse in commodity market. I am getting heart when salman khurshid say it as a virtual market. But now looking at what happen to those in japan , it is that market that save them in future.raj shahttps://www.blogger.com/profile/10950259448065481621noreply@blogger.com