Author: Raoji

Categories
CoatTailing

Portfolio of Manoj Modi

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

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Manoj Modi is an well known entity in India Inc. He heads Reliance Retail and is a close confidant of Mukesh Ambani, India’s richest man.

His significant holdings  as on 30 September,2017 as per stock exchanges is as given below:

Company Name Symbol Entity Value (In Crores)
Balkrishna Industries Ltd BALKRISIND Manoj H Modi 878.38
Balkrishna Paper Mills Ltd BALKRISHNA Manoj Modi 3.79
Categories
Links

Linkfest: December 28, 2017

Some stuff I am reading today morning:

How ICICI Bank screwed its customers (Wire)

SEBI raps Axis Bank (MC)

‘Pay up or we go to NCLT’ (Mint)

2018 could be a wake up call for Indian investors (ET)

Interest rates on small savings schemes slashed (FE)

Govt plans to borrow extra 50,000 Cr in Jan-March (ET)

My learnings from 2017 (Amit Jeswani)

Using managed futures (Mark Zepczynski)

Crypto: The next tenure track (Hacker Noon)

3 Things that will never change in wealth management (TRB)

Categories
EPC

EPC Comparison: Working Capital Management

Source: Outlook Business

Categories
Chart

Chart: The coming boom in steel?

Categories
Excerpts Realty

The most expensive real estate in Mumbai

How many of train travellers in Mumbai get their shoes shined at the railway station before going to office?

The shoeshine boy squats on barely two square feet of real estate.

He doesn’t “own” it, but rents it.

Often, the rent is between Rs 100 to Rs 200 a day.

Assuming 300 working days, it could be at a minimum Rs 30,000 for two square feet per year.

The rental yield is usually low (around 5 per cent), but even assuming 10 per cent, that translates into capital value of Rs 3 lakh, or Rs 1.5 lakh per square foot.

This price exceeds even the most expensive neighbourhoods of Mumbai, including Pedder Road or Nepean Sea Road.

The strange fact is that the shoeshine boy occupies very expensive real estate even though he is close to the (income) poverty line.

–wrote Ajit Ranade