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Capital Market | 10 June 2013

GIC Cuts Adani Ports & SEZ Holding

by Pranav Puri

In a block deal on BSE, @Indivest, an affiliate of Government of Singapore Investment Corporation sold 1.94 Cr shares of Adani Ports & Special Economic Zone at a price of R150 per share aggregating to around R290 Cr.

As on quarter ending March'13, Indivest held 3.55 crore shares, equivalent to 1.78% stake in Adani Ports, while Mavi Investments Fund held 2.2 Cr shares, equivalent to 1.1% stake.

On June 5th, in order to comply with Sebi's 25% public shareholding norm, it diluted 3.33% promoter stake and raised around R1,000 Cr.

Recently Adani Ports was planning to buy Dhamra port in Orissa from a consortium comprising Larsen and Toubro Ltd (L&T) and @TataSteel Ltd for about R5,000 Cr.

Adani Ports On BSE:

In February, CLSA Mauritius sold 33.54 Lac shares (0.78%)of @Essar_Ports for an average price of R83.84 a piece valuing the deal at R28.12 Cr.

Rana Kapoor Said To Have Bid For Goldman Sachs Owned Four Seasons Hotel

Fast growing private bank YES Bank's CEO Rana Kapoor and NRI Ravi Pillai have been identified as contenders to buy Four Seasons Hotel in Bangalore, TOI states. The ongoing project is a lifestyle development with names like Deepika Padukone and Infosys founders having bought homes in it.


Ultracab Files DRHP On BSE-SME

Gujarat based Ultracab (India) Private Limited is raising INR 79.7 Mn issuing 2.2 Mn equity shares at a unit price of INR 36. The issue constitutes 26.2% of the post issue paid up capital of the company.

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