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Capital Market | 2 September 2013

Emerging Markets Sudan offloads Stake in MM Finance, Axis , IDFC

by Tilak Devadiga
 
@Tilak

Emerging Markets Sudan Free Equity Index Fund offloaded a total of 158.89 Mn shares of three companies which include Mahindra and Mahindra Finance, Axis bank and IDFC for a total of R4270.92 Cr through an open market transaction. The fund also bought 36.25 lac shares of M&M Finance at R248.79 a piece aggregating to a total of R90.2072 Cr

Another entity, Northern Investment National Association sold a total of 125.37 Mn shares of @Axis_Bank and IDFC for a total of R2905.89 Cr through a similar transaction.

Thus the two entities offloaded 1.5 % stake in IDFC.

Axis Bank shares fell by 1.76% to close at Rs 835.75 apiece on the BSE, while that of IDFC declined 1.52 % to settle at Rs 80.90.

In another deal Morgan Stanley Asia (Singapore) purchased Rs 46.6 Cr worth of equity shares of YES Bank on NSE via bulk deal on Friday.

The summary of the transaction ;


Exchange Security Name Client Name Buy/Sell Quantity Traded Trade Price (Rs) Total (Rs)
NSE Mahindra & Mahindra Finan EMERGING MARKETS SUDAN FREE EQUITY INDEX FUND BUY 3625837 248.79 902071987.2
NSE Mahindra & Mahindra Finan EMERGING MARKETS SUDAN FREE EQUITY INDEX FUND SELL 752065 251.27 188971372.6
NSE IDFC Limited EMERGING MARKETS SUDAN FREE EQUITY INDEX FUND SELL 11440456 81.51 932511568.6
BSE Axis Bank EMERGING MARKETS SUDAN FREE EQUITY INDEX FUND SELL 3,696,958 851.9 3149438520
NSE Axis Bank Limited NORTHERN TRUST INVESTMENTS NATIONAL ASSOCIATION A/C NTGI-Q SELL 2523352 832.53 2100766241
NSE IDFC Limited NORTHERN TRUST INVESTMENTS NATIONAL ASSOCIATION A/C NTGI-Q SELL 10013930 80.4 805119972
NSE @Yes_Bank Limited MORGAN STANLEY ASIA (SINGAPORE) PTE BUY 1922793 242.42 466123479.1


Also Gujarat State Investments, which already holds 17.39% stake in Gujarat Alkalies and Chemicals as of June 2013, purchased another 3.21% stake at Rs 165 apiece in early trade Friday. Whereas LIC offloaded its entire 3.21% stake in the company.

Other recent bulk deals;

  • Macquarie Bank had offloaded a total of close to 73.61 lac shares of Aurobindo Pharma, Century Textiles, Jain Irrigation, Punj Lloyd and Raymondfor R74.1 Cr through bulk deal transactions on NSE.
  • T.Rowe Price, Baltimore based fund house, through its T Rowe Price New Asia Fund had sold 31,24,121 shares of Yes Bank comprising of 0.86% stake of the company for a total of R81.496 Cr at R260.86 apiece, through an open market transaction executed on NSE.
  • Norwest Venture Partners had acquired stake in Yes Bank through bulk deal on NSE.
  • 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


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