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vip1
Senior Member
Joined: 09/Oct/2006
Location: India
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Posts: 492
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   Posted: 27/Nov/2006 at 1:24pm |
Basant,
This whole episode of listing -delisting is to create personal wealth . Does it not put the promoters of Bharti in the same league as many penny stock- promoters?. Reliance Retail is a 100% Subsidary of Reliance , same could have been done with Bharti .
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 27/Nov/2006 at 2:28pm |
It does as far as I can think but since their underlying businesses do well they are entitled to those things. ALso in Bharti's case they robbed the shareholders in the late 90's by first taking the company private and then relisting it at over a billion dollars.
In this case they have legally done nothing wrong because they sold off their stake and then reinvested it but if you see Reliance the shares to the listed company are issued at a higher price while promoters subscribe it at par.
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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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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 30/Nov/2006 at 2:59pm |
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So finally Birla ji has decided to do the retail business through his private company. I was wrong when I thought he would do it with Av Birla Nuvo. It is unfortunate but as these promoters do things that are entirely legal we cannot complaint - sour grapes if you remember.
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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: 27/Jan/2007 at 12:11pm |
| Rs 1,066cr capital investment of 41 entrepreneurs has grown to nearly Rs 90,000 crore. |
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| Most of the first generation entrepreneurs who have taken their companies public in the last two calendar years have hit pay dirt. |
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| A study of 41 such entrepreneurs, who mobilised over Rs 12,400 crore through public issues in 2005 and 2006, shows that their capital investments of Rs 1,066 crore have grown almost 90 times to Rs 90,000 crore. |
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| As much as three-fourths of this wealth is absolutely free, as the 75 per cent stake held by these promoters has been created by bonus issues prior to -- in some cases just before -- the public offers. |
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| For some, the entire wealth is free, largely because nearly all of the equity was created by bonus capital. |
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Financially, they have done well, with sales growing at a compound annual rate of 30 per cent in three years. Profit has grown faster, at about 50 per cent.
| THE RICH AND THE FAMOUS |
| Promoter |
Company |
Stake (%) |
Bonus (%) |
Capital* |
Value* |
| Tulsi Tanti |
Suzlon Energy |
60.00 |
96.58 |
4.28 |
25543.78 |
| Kalanithi Maran |
Sun TV |
89.00 |
97.41 |
1.60 |
10122.46 |
| GM Rao |
GMR Infra. |
79.00 |
40.00 |
158.66 |
9819.08 |
| Sobha & PNC Menon |
Sobha Developers |
86.00 |
66.66 |
21.14 |
6682.07 |
| Pradeep Kumar Jain |
Parsvnath Develo |
80.00 |
99.07 |
2.58 |
6075.72 |
| Madhusudan Rao* |
Lanco Infratech |
75.00 |
88.95 |
213.00 |
3944.14 |
| Atul Punj |
Punj Lloyd |
54.00 |
65.23 |
49.54 |
2941.00 |
| Shashi Kiran Shetty |
Allcargo Global |
79.00 |
91.16 |
1.30 |
2055.37 |
| Bhadresh K Shah |
AIA Engg |
69.00 |
80.00 |
21.59 |
1778.46 |
| Chandru L Raheja |
Shoppers’ Stop |
66.00 |
– |
25.00 |
1594.04 |
| *L Madhusudhan Rao, G Bhaskara Rao and L Sridhar * in Rs crore | |
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| ------------------------------------ |
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| Read entire story on BS link above. |
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Life can only be understood backwards—but it must be lived forwards
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
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Posts: 5966
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Posted: 27/Jan/2007 at 12:29pm |
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Excellent article you extracted Kulman ji. Wonderful really!
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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gopal
Senior Member
Joined: 26/Jan/2008
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Posts: 913
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Posted: 14/Feb/2008 at 11:18pm |
Originally posted by xbox
TATA's holiding company is also not listed. For Birla holding companies grasim, hindalco, ABN are all listed, so I expect no ptoblem there. |
XBOX bhai the main holding company of BIRLA group PILANI INVESTMENTS is not listed on any exchange ........ further the BIRLA group also has another pvt holding company abroad also
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 14/Feb/2008 at 1:38am |
Originally posted by gopal
Originally posted by xbox
TATA's holiding company is also not listed. For Birla holding companies grasim, hindalco, ABN are all listed, so I expect no ptoblem there. |
XBOX bhai the main holding company of BIRLA group PILANI INVESTMENTS is not listed on any exchange ........ further the BIRLA group also has another pvt holding company abroad also |
Gopal jee, I don't remember the context of this discussion...but on matter of holdings....Here is my take...
...Every company's holding could be traced down to a private Indivisual...exp...tv18 ->nw18 -> RB. End is always a private.
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Don't bet on pig after all bull & bear in circle.
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khokhadream
Senior Member
Joined: 24/Oct/2007
Location: India
Online Status: Offline
Posts: 159
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Posted: 14/Feb/2008 at 3:06am |
Originally posted by xbox
Originally posted by gopal
Originally posted by xbox
TATA's holiding company is also not listed. For Birla holding companies grasim, hindalco, ABN are all listed, so I expect no ptoblem there. |
XBOX bhai the main holding company of BIRLA group PILANI INVESTMENTS is not listed on any exchange ........ further the BIRLA group also has another pvt holding company abroad also |
Gopal jee, I don't remember the context of this discussion...but on matter of holdings....Here is my take...
...Every company's holding could be traced down to a private Indivisual...exp...tv18 ->nw18 -> RB. End is always a private. |
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