@KalpenParekh "Enough" schemes.They are in woeful minority amongst the universe of mf schemes #survivorshipbias
— alphaideas (@alphaideas) November 7, 2013
@alphaideas that's 8 pc of my aum. Premier and Sterling, both delivered 14 pc…80 pc of my aum
— Kalpen Parekh (@KalpenParekh) November 7, 2013
As per news reports,
A Delhi district court has rejected the anticipatory bail plea of IDFC Capital CEO Tapasije Mishra in a case filed against him by a woman alleging sexual abuse, intimidation and breach of trust.
The complainant, a divorcee with a nine-year old son and a former air hostess with Emirates Airlines, in an FIR filed with the Vasant Kunj police station (New Delhi), had alleged that Mishra had sexual relations with her for the last three years while promising to marry her. Mishra then backtracked on his commitment, and his father (also named in the FIR) threatened the complainant with dire consequences unless she stayed away from him (Tapasije), she alleged.
In his ruling, Additional Sessions Judge Daya Prakash, said custodial interrogation of the accused was required for investigating the allegations of mental and physical torture.
I find it interesting that IDFC has not informed the stock exchanges of this development.Is it because they think that their CEO getting arrested is not material information?
This post is in continuation of my coat tailing series (see here).
The portfolio of the Government of Singapore in India as on 31 March, 2013 as per stock exchanges websites is given below:
| Company | Entity | # of Shares | % |
| HDFC Bank | Government of Singapore | 30385685 | 1.28 |
| Infosys | Government of Singapore | 7956790 | 1.39 |
| Tata Steel | Government of Singapore | 16417074 | 1.69 |
| Zee Entertainment | Government of Singapore | 14740154 | 1.55 |
| Anant Raj | Government of Singapore Investment Corporation Pte Ltd | 12403490 | 4.2 |
| Patel Engineering | Government of Singapore | 896187 | 1.28 |
| ICICI Bank | Government of Singapore | 24773024 | 2.15 |
| Indusind Bank | Government of Singapore | 5435129 | 1.04 |
| IDFC | Government of Singapore | 16311597 | 1.08 |
| Tulip Telecom | Government of Singapore | 7654328 | 5.28 |
| DLF | Government of Singapore | 24536296 | 1.44 |
| DB Corp | Government of Singapore | 2004655 | 1.09 |
| Bajaj Finserv | Government Of Singapore | 4948812 | 3.11 |
| Multi Commodity Exchange | Government of Singapore Investment Corporation A/c | 578660 | 1.13 |
| VA Tech Wabag | Government Of Singapore | 766260 | 2.89 |
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I had linked earlier to a Bloomberg article which mentioned how the retail investor in India is pulling out of the Indian equity markets.
If further proof was needed, the IPO of Repco Home Finance provided it.
Typically, when markets are near new highs, we have retail investors making a beeline for IPOs wanting to flip it to make a quick buck.
The market sentiment is so negative amongst retail investors that nobody seems to be interested in IPOs.
Repco’s IPO was woefully under subscribed by retail investors-they subscribed to only 0.51 of the offered book.HNI’s only subscribed 0.37 times the book and employees subscribed by 0.57 times.
The book’s lead managers SBI Caps,IDFC and JM Financial appear to have done a woeful job in pricing the issue which had to be bailed out by institutional investors.
What is funny is the “Ra Ra” attitude of the Main Stream Media-an article in MoneyControl states that Repco IPO is fully subscribed without mentioning the dismal participation of the retail investors.
What I also find interesting was the “Subscribe at the Upper band” recommendation given by many august brokers/publications-Angel,Sharekhan, ICICI etc
Memo to investment bankers/brokerage houses:Better luck next time !!
This post is in continuation of my investor presentation series (see here)
[gview file=”https://alphaideas.in/wp-content/uploads/2013/03/IDFC_9MFY13_Investors_ppt.pdf”]