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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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   Posted: 24/Dec/2007 at 10:56am |
At a current market cap of 8200 crs, SOTP will look like :
Insurance subsidiary valuation : 1773 crs (90% stake)
Consumer finance subsidiary : 1033 crs (77.5% stake)
Equity broking : 5394 crs
How the equity dilution to Orient Global and warrants conversion in FY09 affects EPS remains to be seen. New businesses like AMC and Wealth Management will start contributing from FY09 onwards. Investment banking unit needs to be ramped up.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 25/Dec/2007 at 4:29am |
Last year in these times, Orient invested into Indiabulls at 450 or so and they made 3.5 times of that money in one year. I hope they make more this time, as visibility & conviction factors are stronger than last year.
Orient seems to be playing big in Indian financial system.
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Don't bet on pig after all bull & bear in circle.
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 25/Dec/2007 at 11:22am |
Nirmal Jain was working with Motilal Oswal, he asked Motilal to hand over PMS division to him but was rejected. He quit and went over to establish a business whose market cap is higher than Motilal.
From his appearence on TV, I never thought he has what it takes to build a financial powerhouse.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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BGKGURU
Senior Member
Joined: 28/Nov/2007
Location: India
Online Status: Offline
Posts: 635
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Posted: 25/Dec/2007 at 11:41am |
it is news to me that he was working with mosl,i know him from 1997. as per my knowledge he never worked with mosl. he was working with hul and quit from hul and started company probity then changed company name to india infoline. i got chance to interact with him between 1997-2000. he is very-very intelligent, if they(nirmal,bharat,nem) will work together for next ten years then shareholder will much richer.
i don't know abt venkat and other two clsa goy so can't comment.
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 07/Jan/2008 at 9:57am |
India Infoline will poach 3-4 executives from Kotak Mahindra Wealth management for its wealth management foray.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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Mr. V
Senior Member
Joined: 01/Mar/2007
Location: United States
Online Status: Offline
Posts: 903
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Posted: 08/Jan/2008 at 6:52am |
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Maybe its a boon in disguise for Kotak PWMS clients.
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 10/Jan/2008 at 9:58am |
A handful of executives from Kotak Mahindra Bank, who left to set up India Infoline’s wealth management business, are being wooed with huge sign-on bonuses from the brokerage.
People in the know said that the compensation could be a sum, upwards of Rs 30 crore for the small team put together. Recently, India Infoline announced that it is setting up a wealth management subsidiary that aims to tap the rapidly growing market of wealthy individuals in India.
Although no company official or the new recruits could be reached, people in the know said that the compensation for the new recruits is likely to be a combination of stake in the wealth management subsidiary, ESOPs in the parent company and include a cash component too.
ET learns that Yatin Shah and Karan Bhagat, senior personnel who had been heading Kotak’s wealth management business, are slated to head the team at India Infoline too. The two executives, along with six others (one from Delhi), are being allotted about 26% of the equity of the subsidiary.
However, both Mr Shah and Mr Bhagat are slated to get more than three-fourths of this stake. The ESOPs in India Infoline and cash put together are expected to be a significant amount.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 10/Jan/2008 at 10:12am |
Originally posted by deveshkayal
A handful of executives from Kotak Mahindra Bank, who left to set up India Infoline’s wealth management business, are being wooed with huge sign-on bonuses from the brokerage.
People in the know said that the compensation could be a sum, upwards of Rs 30 crore for the small team put together. Recently, India Infoline announced that it is setting up a wealth management subsidiary that aims to tap the rapidly growing market of wealthy individuals in India.
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The last time when they paid Rs 44 crores they added a billion dollars to market cap. How much this time? 
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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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