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Capital Market | 30 August 2013

Macquarie Offloads Stake In Aurobindo Pharma, Century Textiles, Others

by Tilak Devadiga
Macquarie Offloads Stake In Aurobindo Pharma, Century Textiles, Others
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Macquarie Bank has offloaded a total of close to 73.61 lac shares of five companies for R74.1 Cr through bulk deal transactions on NSE. The scrips sold by the financial major include that of Aurobindo Pharma, Century Textiles, Jain Irrigation, Punj Lloyd and Raymond.

The details of the transaction

Security Name Buy/Sell Quantity Traded Trade Price (Rs)
Total (Rs)
Aurobindo Pharma Ltd. SELL 1940000 180.97 351081800
Century Textiles Ltd. SELL 717000 213.97 153416490
Jain Irrigation Systems L SELL 2284000 52.99 121029160
Punj Lloyd Limited SELL 2031999 21 42671979
Raymond Ltd. SELL 388000 187.04 72571520

Macquarie has been actively buying and selling scrips of many companies across sectors this year.
Some of its open market transactions include;

  • Macquarie had acquired 0.59% stake in the Strides Arcolab for almost R28 Cr.
  • Macquarie Finance (India) Pvt. Ltd. ( MFIPL) had acquired 5.43% stake in Gitanjali Gems by invoking 50 lakh shares pledged to it by its promoters.
  • It had bought total 268,576 shares representing 0.67% of total equity of PVR at an average price of R352.72 per share.
  • It had purchased 14% stake for R33 Cr in Jain Irrigation through bulk deal.

Also, Macquarie Group was planning to invest R313 Cr in Prime Focus World NV, the creative services division of Prime Focus Limited; Macquari Capital was planning to raise $1.1 Bn fund to invest in Infrastructure.

Other similar transaction;

  • Standard Chartered PE had picked up close to 50 Lac shares of Fortis Healthcare for a total of R47.21 Cr
  • BNP Paribas Arbitrage had acquired a little more than half a million shares of drug maker – Srides Arcolab for a total of R38.216 Cr.
  • IDFC Asset Management Co. Private Ltd a/c - IDFC Premier Equity Fund had bought 4,99,881 shares of Vardhman Textiles at R285 on the BSE aggregating to R14.24 Cr.
  • Citigroup had purchased 5 Lac shares of Greenply Industries at 499.77 per scrip amounting the entire transaction to R24.98 Cr.
  • Kotak India Venture Fund I had sold 159,070 shares of Natco Pharma at R445 on the BSE and 211,810 shares at R445 on NSE

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Ascent Capital Advisors is investing R25 Cr in CARE Rating through preferential allotment, BSE filing stated. CARE Ratings will issue an aggregate of 4.46 lakh equity shares at R560.15 per share aggregating to R25 Cr to Ascent India Fund III managed by Ascent Capital Advisors India.


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