Read
Listen
Watch
Play
Find
Mail

  • Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos
  Post a Message | Explore Forums  |  Browse Stock Messages  |  Hot Discussions  | Top rated Messages  | Top Boarders
Search: Messages    Stock    Boarder
 
Ads by Google
Moneycontrol.com >> Message Board >> View Messages >> Market Outlook - Long Term
   You are here :     Moneycontrol     MMB      Stocks      Market Outlook - Long Term
link between Jaicorp,Shardul,RIL, (1)   07-Jul-08 12:43Tracked by (0)  
Posted by:   jasavi on ( 07-Jul-08 12:43 )
Price : BSE: Rs 60.75 ( 4.11 % )
link between Jaicorp,Shardul,RIL,A Jain (1) 20-Jun-08 15:04 Tracked by (0)


Posted by: jasavi on ( 20-Jun-08 15:04 )
Price : BSE: Rs 163.30 ( 2.87 % )
link between Jaicorp,Shardul,RIL,A Jain
Source: BSE - Shardul Securities Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 03, 2007, has approved the investment upto Rs 50 crores to the Antique Stock Broking Ltd and / or Antique Group, to jointly carry on the business of stock brokers, portfolio management, and other incidental activities as may be decided. Further the Company has informed that, Mr. Naveen Chaturvedi, Executive Director, of the Company will be the Company\\`s nominee on the Board of Antique Stock Broking Ltd. Date: 2007-10-04

Jai Corp sees biggest PE deal in secondary mkts
2007-10-15 15:29:47 Source : Midcap Radar/CNBC-TV18
Email Print Version Watch Video
ads by google



Top 10 Stocks for 2008 America\\`s 10 Leading Stock Experts Share Their Top Picks. Free Report.



There was a huge block deal worth almost USD 500 million on the Jai Corporation counter. About 11% equity changed hands on the BSE. This was the biggest private equity deal struck on the secondary market, analysts said.

This deal didn\\`t come as a surprise to the market. The Jain family, who are promoters in the company, own about 87% equity. Under Sebi regulations, the company is expected to bring down that to 75%.

According to sources, JM, ENAM, and Antique Broking are believed to have brokered the deal. JM and ENAM are also believed to have taken sizeable positions for their clients, they added.

Some of the companies that have bought stake in Jai Corporation are DSP Merril Lynch Tiger Fund, Soros Fund which is run by Quantum M Fund, ZA Capital, Fidelity fund, Preline Hong Kong, India Cap Fund, and Birla Mutual Fund, analysts said. There is no information on how much money these companies have invested or what percentage of stake they will hold, they added.

Jai Corporation has a presence in many verticals like steel, plastic processing, and spinning yarn. It is completely transforming its business into a new vertical, analysts added. The company plans to expand its plastic processing business and may hive off its steel division.

The company plans to invest nearly Rs 10,700-13,500 crore in new initiatives, analysts said. It plans to invest Rs 9,000-11,600 crore on its Navi Mumbai SEZ off 5,250 acres and another Mumbai SEZ off 12,350 acres. Jai Corp plans to spend Rs 700 crore on Rewas Port and Rs 1,300 crore on the 700-mw power project.

The company also has a venture capital business, or Urban Infra Opportunities Fund, which is managing Rs 9,700 crore. It has also bid for the development of a proposed international airport along with a JV partner, they added.





reverse merger record date (1) 22-Jun-08 21:00 Tracked by (0)


Posted by: Guest on ( 22-Jun-08 21:00 )
Price : BSE: Rs 166.65 ( 4.98 % )
Not surprisingly, and a few days after Antique Stock Broking hooked the cream of HSBC equity sales, comes talk that Indiabulls is close to baiting some stars of the institutional equities desks at DSP Merrill Lynch and Citigroup.

Antique, which is reverse-merging with Shardul Securities, poached HSBC Holdings\\` director of Indian equity sales Anish Jhaveri and four of his colleagues - surely with promises of monster profits.The four that flew coop with Jhaveri were Dharmesh Dalal, Suryakant Bhatt, Manish Shah and Suketu Parekh.



Feedback

Boarders Outlook on

positive outlook
shoa2546

1 queries on Market Outlook - Long Term

Right time to enter into equity ? - Gurus , Is it a right time to enter into market...

More from the Sector

CNBC TV18 CNN IBN CNBC Awaaz IBN 7 IBN LOKMAT