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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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   Posted: 20/Sep/2006 at 5:49pm |
Today's news: Aditya Birla Nuvo Ltd has informed BSE that the Board of Directors of Transworks Information Services Ltd (Transworks), a wholly owned subsidiary of the Company has allotted 27,53,333 equity shares of Re 1/- each to RHCP (representing 11.72% of share capital of TransWorks).
Consequent to the above, the shareholding of the Company in TransWorks is reduced from 100% to 88.28%. Accordingly, Transworks has ceased to be a wholly owned subsidiary of the Company.
Basantjee
Will there be any impact on ABNuvo's books? Still Transworks will remain its subsidiary, but not a wholly owned.
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Life can only be understood backwards—but it must be lived forwards
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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 20/Sep/2006 at 6:08pm |
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AB NUVO was not deriving any significant revenue from Transwork so a 12% dilution in holding would not matter to the company as a whole.
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nav_1996
Senior Member
Joined: 08/Sep/2006
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Posts: 803
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Posted: 20/Sep/2006 at 7:16pm |
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Folks, don't mind I am trying to come up with what can go wrong with AB Nuvo and hence may not become a substantial wealth creator.
Have we looked at AB Nuvo from their ability to execute? I think PSI Data is glaring example of their inability scale up new businesses. Not so sure how Transworks is doing. But bottomline is that both these spaces have got too crowded for any new large player to emerge.
Now coming Ito dea, by the time they come up with IPO this segment will get to a different level due to technological disruptions and massive scale up by Bharti and Relaince.
I am also not confident about their retail plans. If they go ahead with aggressive retail plans with their own brands it will create a conflict with other distribution channels.
So it more like a holding company with appropriate discounting.
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reema
Groupie
Joined: 15/Jul/2006
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Posts: 42
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Posted: 05/Oct/2006 at 12:51pm |
HSBc global took 899950 shares at Rs 875.50 yesterday in a block deal from capital research Shoulkd have been better if they had bought this from the general market then a block deal.
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You should try to add wealth not multiply it
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investor
Senior Member
Joined: 06/Sep/2006
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Posts: 1745
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Posted: 05/Oct/2006 at 12:58pm |
Reema, It dosent work like that. Whenever someone wants to buy a huge volume of shares, if they attempt to buy it in the open market, that itself will cause the price to go up, as they will continuously be putting in BUY bids of smaller quantities...and when people look at the bid/ask queue they will realize that someone wants to accumulate, and the sellers automatically raise their offer prices. So at the end of the day it may appear foolish, but actually its the correct way to go. Why do you think they have the concept of "block/bulk deals" in the first place? Everyone might as well buy from the open market, isnt it? Hope this helps. BTW, i also had this same doubt as you when i started out investing...
Originally posted by reema
HSBc global took 899950 shares at Rs 875.50 yesterday in a block deal from capital research Shoulkd have been better if they had bought this from the general market then a block deal.
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basant
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Posted: 05/Oct/2006 at 1:59pm |
Reema: You are probably thinking that had they bought from the open market the stock would have zoomed up to Rs 1000 now consider this had Capital research sold in the open market the stock could have hit Rs 700 so it is a double edged stock and no one would have liked to transact at these two prices levels since it would not have made sense to any one of them. Generally these trades are rpedetermined.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 28/Oct/2006 at 3:16pm |
Sanjeev Aga becomes Idea Cellular MD
In a major reshuffling of portfolios in the Aditya Birla Group, Sanjeev Aga will take over as the managing director of Idea Cellular while Bharat Singh will replace him as the managing director of Aditya Birla Nuvo with effect from November 1.
Incidentally, both Mr Aga and Mr Singh are alumni of IIM-Kolkata. The 54-year-old Mr Aga joined the group in 1998 as the CEO of the telecom joint venture Birla AT&T and went on to become Idea Cellular’s CEO.
ET reported on Friday that Chrys Capital has invested almost Rs 550 crore in the company. Earlier, Providence Partners bought a 16% stake for Rs 1,850 crore. Idea Cellular is the fifth-largest wireless telecom operator in the country with a subscriber base of 10.4m.
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Does anyone have any idea, whether & when Idea Cellular is lkely to go public. Will that be a major trigger for value unlocking in AB Nuvo?
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Life can only be understood backwards—but it must be lived forwards
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basant
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Posted: 28/Oct/2006 at 3:36pm |
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Idea should go public in Fy 07 that will be a big trigger really. This company is never discussed on Tv and that is the first sign of an undiscovered value!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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