All posts by Raoji

Linkfest:September 03,2014

Some stuff I am reading today morning:

Is NSE’s pricing power under threat? (ET)

Why Sensex has more sex appeal (FirstBiz)

The politics of banking sector distress (Mint)

Lights off in Mumbai (FE)

Unlisted PSUs in line for disinvestment (BS)

10 smart actions every Indian parent should take (JagoInvestor)

Breakout Trading and Anchoring Bias (Prashanth)

100 to 1 in the Stock Market (SeekingWisdom)

Charlie Munger’s investing principles (CommonSense)

Buying insurance after disaster strikes (CommonSense)

BSE gets SEBI,CCI go-ahead for USE Takeover

(Disclosure:I am market making in the shares of BSE)

Markets regulator Securities and Exchange Board and the fair trade watchdog Competition Commission (CCI) have approved the merger of United Stock Exchange of India with the BSE, making it the first merger of two exchanges in the country, the premier bourse said today.

For the merger to go ahead, however, the exchanges will have to secure the approval from the Bombay High Court as well, where the proposal is pending.

The move will boost BSE’s own currency trading business, which has seen massive spike in recent months following the introduction of faster technologies following which the oldest bourse in Asia massively narrowed the market share gap on the currency front with the NSE.

According to sources, the deal is likely to be structured through a share swap, which is likely to be 1:385, which means USE shareholders will get one BSE stock for 385 of their stock. The deal will be effective April 1. Though BSE has not said anything about the deal details.

The BSE board has valued USE at around Rs 150 crore and itself at about Rs 4,000 crore, the exchange spokesman had told PTI in May, adding the merger of USE would lead to equity dilution of around 3 per cent of BSE.-from ET

Portfolio of Deutsche Securities in India

This post is in continuation of my coat tailing series (see here)

To know what other top investors areĀ  buying/holding/selling in India, subscribe to our Investor Wisdom Newsletter

Deutsche Securities Mauritius Ltd. is a well known FII

Its significant holdings in India as on 30 June,2014 as per Stock Exchanges is given below:

 

Symbol Entity # of Shares % Date End
ANSALAPI Deutsche Securities Mauritius Ltd 1701334 1.08 201406
CYIENT Deutsche Securities Mauritius Ltd 5456424 4.87 201406
IBIPL DEUTSCHE SECURITIES MAURITIUS LIMITED 15193146 1.19 201406
IIFL DEUTSCHE SECURITIES MAURITIUS LIMITED 10352623 3.44 201406
JUBILANT Deutsche Securities Mauritius Limited 3861216 2.42 201406
JUBLINDS Deutsche Securities Mauritius Limited 190338 1.61 201406
MEGASOFT DEUTSCHE SECURITIES MAURITIUS LIMITED 1197125 2.7 201406
MONNETISPA DEUTSCHE SECURITIES MAURITIUS LIMITED 5018300 7.62 201406
PENIND DEUTSCHE SECURITIES MAURITIUS LIMITED 3175744 2.64 201406
SOUTHBANK DEUTSCHE SECURITIES MAURITIUS LIMITED 35320766 2.62 201406
VOLTAMP DEUTSCHE SECURITIES MAURITIUS LIMITED 105249 1.04 201406
ZUARI Deutsche Securities Mauritius Ltd. 899027 2.14 201406
ZUARIGLOB Deutsche Securities Mauritius Ltd. 899027 3.05 201406