Oak Holdings Sells Part Stake in Edelweiss Capital
Oak Holdings Pvt Ltd has sold 1.23% stake (0.93mn shares) in Edelweiss Capital Ltd at Rs 417.05 per share aggregating to a total of Rs 386.19 mn. The entire stake was bought by the company's promoter Rashesh Shah.
As per the share holding pattern available on NSE for December 31, 2009, Oak Holdings Pvt Ltd is part of the promoter group of Edelweiss Capital. It owned 6.4% stake in the company prior to the stake sale.
When this investment in Edelweiss Capital was made, cannot be ascertained.
Oak Holdings Plc is a London-based property development company .It was acquired in 2003 by canal boat operator AWG Services. The company is listed on the London Stock Exchange.
Oak Holdings is developing its flagship Yes! Project in South Yorkshire. The 327-acre scheme includes a resort hotel, restaurants and bars, and conference facilities. The company also offers real estate consulting services.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 24/02/10 | Edelweiss Capital- Oak Holdings Exit | M&A | Rashesh Shah | 8.34 |
| 20/11/09 | Edelweiss Capital - Galleon Special Opportunities Exit | Private Equity | 54.93 | |
| 15/11/07 | Edelweiss Capital Limited - IPO | IPO / Offerings | 176.14 | |
| 30/06/07 | Edelweiss Capital - Sequoia Capital India | Private Equity | Sequoia Capital India Growth Fund I | 50.00 |
| 30/12/06 | Edelweiss Capital - Government of Singapore | Private Equity | Government of Singapore Investment Corp. Pte Limited | 90.00 |
| 25/10/05 | Edelweiss Capital - Greater Pacific Capital | Private Equity | Greater Pacific Capital | 26.70 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 07/02/12 | M&A | Piramal Healthcare Limited | Looking For | - | Planned |
| 07/02/12 | Private Equity | Life Insurance Corporation of India | Dena Bank | 25.49 | Announced |
| 02/02/12 | Private Equity | AU Financiers India Private Limited | - | Planned | |
| 01/02/12 | M&A | Kotak Mahindra Bank Limited | Credit Card Portfolio | - | Completed |
Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Edelweiss Financial Services Limited (Formerly Edelweiss Capital Ltd) | Rashesh Shah Venkat Ramaswami |
14th Floor, Express Tower Nariman Point Mumbai Maharashtra |
Motilal Oswal Financial Services Limited JM Financial Limited :-PE Enam Securities Private Limited (I Bank) Tata Capital Limited Future Capital Credit Limited Religare Capital Markets Limited |
www.edelcap.com |
| Oak Holdings Plc | 38 South Molton Street London W1K 5RL |
The British Land Company Plc Land Securities Group Plc Liberty International Plc |
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