Day: 1 June 2014

Reliance Small Cap Fund has purchased 50,000 equity shares of Venkys at Rs 480 apiece through a block deal on the National Stock Exchange on Friday. As of March 31, 2014, Reliance Capital Trustee Company A/c Reliance Small Cap Fund held 2,40,593 shares or 2.56 percent stake in the company . However, Deepak Bhagnani sold 50,593 shares at Rs 480 apiece. The stock closed at Rs 476.40, down 0.18 percent after hitting an intraday high of Rs 485.15 and low of Rs 475. Market capitalisation of the company currently stands at Rs 447.41 crore.

JO Hambro Capital Management Asia Ex-Japan Fund has purchased shares of Ramco System worth Rs 2.25 crore through a block deal on the National Stock Exchange on Friday. JO Hambro Capital bought 1,07,312 equity shares at Rs 209.73 per share. However, Dalal and Broacha Stock Broking Private Limited sold 1,00,300 shares at Rs 209.96 while it bought 500 shares at Rs 202.70 on the same day. As of March 31, 2014, Dalal and Broacha held 1.37 percent stake in the company . On Friday, the stock closed at Rs 208.60, up 4.64 percent after hitting an intraday high of Rs 212 and low of Rs 197. Market capitalisation of the company currently stands at Rs 498.03 crore.

Canada Pension Plan Investment Board has picked up a 3.25 % stake in private sector lender Kotak Mahindra Bank through a block deal on the Bombay Stock Exchange on Friday. Canada Pension Plan purchased 2.5 crore equity shares at Rs 880 per share, which were worth Rs 2,200 crore. However, promoter Kotak Trustee Company Private Limited A/C USK Benefit Trust-II was the seller, which offloaded 2,49,84,782 shares at Rs 880. With this stake sale, promoter and promoter group's shareholding reduced to 40.3 percent from 43.58 percent earlier . The reduction of stake sale by promoter took place after it had received a communication from the Reserve Bank of India (RBI) to bring down its promoter shareholding to 40 percent by September 30, 2014 and 30 percent by December. Commenting on the developmen...

Abu Dhabi Investment Authority - Gulab has picked up a 0.5 % stake (worth Rs 99 crore) in Aurobindo Pharma through a block deal on the National Stock Exchange on Friday. Abu Dhabi Investment bought 14,75,687 equity shares at Rs 670.51 per share while Morgan Stanley Asia Singapore Pte offloaded 0.6 percent stake ( out of 1.6 percent stake as of March 2014 ) in healthcare company. Morgan Stanley sold 17,32,500 equity shares at Rs 669.92 apiece. On Friday, Aurobindo Pharma stock closed at Rs 669.80, up 5.14 percent after hitting a record high of Rs 679.80. Market capitalisation of the company currently stands at Rs 19,521.79 crore.

HDFC Mutual Fund has purchased shares of Astra Microwave Products worth Rs 4.9 crore through block deal on the National Stock Exchange on Friday.  The fund house bought 4,50,001 equity shares at Rs 108.97 per share whereas Param Capital Research Private Limited sold 5 lakh shares at Rs 109.49 apiece. On Friday, the stock closed at 52-week high of Rs 111.95, up 20% amid hefty volumes. Market capitalisation of the company currently stands at Rs 916.03 crore. The rally in the stock was also because of commerce minister Arun Jaitley has given nod to cabinet note on hiking defence FDI cap. According to CNBC-TV18 sources, the cabinet note proposes to hike defence FDI to 100 percent from 26 percent. The note also proposes that FIIs and portfolio investors can hold up to 49 percent in the sec...