Investing in unlisted shares is not difficult. At any given point, many investors and employees are willing to sell their holdings because they need money. Buyers can negotiate a price with them, suggests Sarbajeet K Sen.
He paid nearly Rs 34 crore for the stake.
Rakesh Jhunjhunwala-backed new airline Akasa is in talks with US aerospace company Boeing for buying up to 100 737 Max aircraft. Former Jet Airways CEO Vinay Dube and his family members are promoters while ex-IndiGo president Aditya Ghosh is a board member of the airline. The airline is in negotiation with Boeing and has reached out to the government to recertify the aircraft which has been grounded since 2018 after two crashes killing 349 persons, according to sources in the know.
Among the lot, Rallis India, Escorts, Jubilant Life Sciences, and Crisil added half of the total gains made in the ace stock-picker's portfolio.
Currently, the investor and his family's net worth in listed firms stands at Rs 8,517 crore, compared to Rs 8,388 crore as of March 31, 2020.
Shares of SpiceJet surged over 17 per cent on Monday after ace investor Rakesh Jhunjhunwala's Rare Enterprises picked up 75 lakh shares of the company for more than Rs 13 crore (Rs 130 million) through open market.
The bank may post a loss of Rs 1,000 crore during October-December 2019-20 quarter, an analyst commented.
This makes him corporate India's biggest donor to society.
Coffee Day Enterprises has already raised over Rs 334 crore from anchor investors.
Jhunjhunwala increases stake in DHFL, luggage maker VIP Industries and pharma major Lupin but is cautious on auto holding. At the end of the March quarter, Jhunjhunwala held positions in 29 firms.
Nandan Nilekani, Gokul Rajaram at top two spots in value terms
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
His portfolio was worth Rs 12,333 crore at the end of June 2018. It was worth Rs 10,633 crore at the end of the September quarter. Smallcaps account for the largest number of his stock-picks. Such a fall has now happened for the third quarter in a row.
Kotak Mahindra Bank has decided to buy a 15 per cent stake in Multi Commodity Exchange (MCX) for Rs 459 crore from Financial Technologies India (FTIL).
The sector will start making operating profits by 2020.
Frequent flight cancellations and the Airports Authority of India's decision to put SpiceJet on a cash-and-carry mode have made online travel agencies nervous.
Twenty-three of the 31 stocks in his publicly disclosed portfolio consist small-cap stocks. jhunjhunwala's portfolio rose 15.2% in Q3.
India's billionaires are pledging a decent amount of their wealth for the welfare of society.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
Analysts feel Fortis Healthcare share holders are at a disadvantage and deal valuations had been short of expectations
'James Crabtree ignores the emergence of a nexus between business and politics going back to the 1920s and talks of it as a new child of 21st century India,' says Shivanand Kanavi.
TCS tops the list of 100 wealth creators for the fourth time in a row
'If an investor wants to clone an ace investor's portfolio, s/he will be better off cloning the entire portfolio rather than cherry picking stocks selectively.'
Falling jet fuel prices, stable rupee signal lower losses
The Sensex ended down 134 points at 28,559 and the Nifty ended 35 points lower at 8,554
The Sensex ended up 48 points at 28,386 and the Nifty gained 13 points to close at 8,476.
Around 300 promoters serve their company boards for free.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
The company had appointed a three-member committee of directors to implement the changes.
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
Why do investors need a broker to buy stocks which were dematerialised long ago and can be delivered directly into their accounts?
Additional levy to eat into Rs 6,000-crore income of top promoters
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
Find out if you do these 6 things to become one
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
All of us have made these mistakes, so let's begin by seeing how many of them we can avoid/minimise...
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