Re: {LONGTERMINVESTORS} Market buzz, Whispers, Rumours, Heard on the street...Thread.

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Rajesh Desai

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Aug 13, 2013, 5:34:17 AM8/13/13
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United Breweries surges on the buzz of Heniken hiking stake


Heniken is reportedly planning to hike stake in Indian Joint Venture- United Breweries. Heniken holds 37.57% stake in the company through Scottish New Castle, Heniken UK, while United Breweries’ promoter holds 37.25% stake in the company.

Heniken and UB’s promoters aggregately hold 74.82% and according to SEBI's minimum public shareholding norm, promoters’ stake cannot exceed 75%. Hence, Heniken will hike stake only if promoters opt to liquidate their stake.




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CA. Rajesh Desai

Rajesh Desai

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Aug 13, 2013, 5:58:09 AM8/13/13
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 Nitin Fire Protection Industries said its board approved the proposal of buying back equity shares of the company at a price not exceeding Rs 66.60 per equity share. The total buyback amount will not exceeding 10% of total paid-up capital and free reserves of the company as at 31 March 2013, the company said.

The maximum buyback price of Rs 66.60 is 18.19% premium to the ruling market price. 

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CA. Rajesh Desai

Rajesh Desai

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Aug 20, 2013, 12:29:59 AM8/20/13
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BANKING : media rpts sources say banks may be permitted to split the            provisioning on account of losses on Govt bonds.. Estimated losses cud be Rs    400-450bn



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CA. Rajesh Desai

Rajesh Desai

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Aug 20, 2013, 5:13:59 AM8/20/13
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Vedanta group metal stocks rallied on reports that the legal hurdle has been cleared for government's stake sale in Hindustan Zinc and BALCO.



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CA. Rajesh Desai

Rajesh Desai

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Nov 21, 2013, 4:07:05 AM11/21/13
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Kirloskar Oil Engines surged 4.22% to Rs 154.30 at 14:18 IST on BSE after three block deals aggregating 19.20 lakh shares were executed on BSE.

A block deal of 6.4 lakh shares was executed at Rs 163.50 per share at 12:37 IST. Another block deal of 9.6 lakh shares was executed at Rs 163.50 per share at 12:37 IST. Third block deal of 3.2 lakh shares was executed at Rs 161.85 per share at 12:38 IST. The three block deals constitute 1.32% of Kirloskar Oil Engines' equity.



On Thu, Nov 21, 2013 at 1:12 PM, Mihir Desai <desaim...@gmail.com> wrote:
Uttam Galva Steels has surged over 7% to Rs 73.70 on back of heavy volumes on the Bombay Stock Exchange (BSE). The stock opened at Rs 61.50 and touched high of Rs 75.20 so far.

Around 2.32 million shares have already changed hands on the counter in early morning deals compared to less than 100,000 shares that were traded daily in past two weeks.

According to information available on the BSE website, at 0919 hours, as many as 2.1 million shares representing 3.8% of free-float equity of the company have changed hands at a price of Rs 71.15 per share.

Currently, the promoters – Miglani family along with ArcelorMittalcollectively hold 60.87% stake in the company. The institutional investors held 27.46% stake, while non-institutional investors held 11.67% holdings in metal company.


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CA Mihir Desai

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