Copthall Mauritius Exits Jai Balaji Industries
Copthall Mauritius has sold around 19,42,000 shares or 3% stake of Jai Balaji Industries to GMO Emerging Market Fund at R29 per share, aggregating to R5.63 Cr through bulk deal on NSE.
CVCIGP II Client Rosehill (9.50%), Hudson Equity Holdings (3.51%), and ECL Finance (3.88%) are the other non-promoter shareholder among others.
Incorporated in 1999, Jai Balaji Industries is engaged in steel manufacturing business. The company has integrated facilities for producing steel in eight manufacturing units spread across the states of West Bengal, Chhattisgarh, Orissa and Jharkhand in India.
The company has a capacity of 1,06,000 TPA of ferroy alloys, 6,90,000 TPA of DRI, 5,09,250 TPA of Pig Iron, Power Generation capacity of 116.80 Mw and 16,500 TPA of Alloy and mild steel heavy rounds among others.
Jai Balaji On BSE
Recently in this space, Facor Alloys Limited through its overseas subsidiary - Facor Minerals (Netherlands) B.V. acquired a 51% stake in a Dutch Firm - Dillenburg Bergen NH Realty B.V. (DBR) for a consideration of $10 Mn; Jindal Steel and Power increased its stake in Australia's Apollo Minerals to 11.70% by acquiring additional 10 Mn shares of the firm for about A$ 0.4 Mn.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 2013-03-07 | Copthall Mauritius (Exit) - Jai Balaji - GMO Emerging Market | Capital Market |
GMO Emerging Markets Fund |
1.03 |
| 2009-10-28 | Jai Balaji Industries-QIP | IPO / Offerings | 42.10 | |
| 2007-12-17 | Jai Balaji - India Equity Partners | Private Equity |
India Equity Partners Fund I Citi Venture Capital International |
69.10 |
| 2007-10-25 | Nilachal Iron - Jai Balaji Industries | M&A |
Jai Balaji Industries Limited (Formerly Jai Balaji sponge Limited) |
18.21 |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| GMO Emerging Markets Fund | Pharma | /www.gmo.com/Asia-Pacific | ||
Company | ||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Jai Balaji Industries Limited (Formerly Jai Balaji sponge Limited) |
Enfield Suppliers Limited Hari Management Limited Aditya Jajodia & Family |
5,Bentinck Street,Kolkata,West Bengal-700001. | Tata Steel Limited | http://www.jaibalajigroup.com |
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