Categories
Links

Linkfest:June 18,2014

Some stuff that I am reading today morning:

RIL AGM:Investors hoping for clarity on telecom business (Mint)

Small, mid-cap fund assets swell (BS)

SEBI opens crowd funding window for startups (BL)

Argentina Vs Holdout Bondholders-The Epic Saga (Moneybeat)

Insider trading busted despite using disguised phrases (Dealbreaker)

5 brain flaws that make you a lousy investor (USAToday)

Warren Buffett on scorecards,investing and more (FarnamStreet)

A quarter of all companies may be involved in insider trading (DealBook)

Rules for Shorting (Ritholtz)

NGO Funding-Greenpeace (MediaCrooks)

Categories
History

The Land follows the Creed

Bhutan was in the news recently when our PM Modi visited it along with other Indian officials.

Bhutan is just one of the 5 Kingdoms which were referred to as the 5 Fingers of Tibet- Ladhak,Nepal,Sikkim and Tawang being the other 4.

Other than Nepal,the other 4 states have Buddhism as the dominant religion and swore allegiance to Tibet.

When the British entered India, they wished to take over Darjeeling which they felt were ideally suited for tea gardens.

Darjeeling was under the control of Sikkim and its King (called Chogyal) but the British managed to get the land as lease from Sikkim and paid rent of Rs.3,000 per year for it.

The British administrators,astute as they were, realized that this would not work in the long term.

Their long term solution was encouraging Nepali immigration in these lands.

In the words of Risley,the British official in 1878:

“Here also religion will play a leading part.In Sikkim,as in India,Hinduism would assuredly cast out of Buddhism, and the praying wheel of the lama will give place to the sacrificial implements of the Brahman.The land will follow the creed.Thus race and religion, the prime movers of the Asiatic world,will settle the Sikkim difficulty for us, in their own ways.”

These words proved to be prophetic.The influx of the Nepali Hindus into Sikkim made the original inhabitants a minority in their own land and paved the way for a smooth annexation of Sikkim to India in 1975.

Bhutan learnt its lessons.For all those gushing about Bhutan and its charms, its rulers followed a ruthless policy of maintaining ethnic purity.

It did not allow Nepali Hindus to settle nor did it allow the Bangla Muslims in.The people who entered were forcibly thrown out

As a result,Bhutan still enjoys its independence .

Categories
Excerpts

Ratnakar Bank plans upto 250 Million $ IPO in Q1 2015

(Disclosure:I am market making in Ratnakar Bank)

Ratnakar Bank Ltd plans to launch an initial public offering of shares worth up to $250 million in the first quarter of next year, three sources directly involved in the process said on Tuesday.

Ratnakar Bank will issue new shares and some of the private equity investors will pare their holding in the share sale, said the sources, who declined to be named as they were not authorised to speak to the media ahead of a public announcement.

A Ratnakar Bank spokeswoman did not immediately comment.

The lender will hire at least four banks to manage the public offering within a week, two of the sources said. At least 10 banks are in the race to win the mandate for the IPO process, they said.-from BS

Categories
This is India !

Miracles do happen in India

Three cheers to the people of Chennai…
Chennai

Categories
CoatTailing

Portfolio of Arohi Asset Management in India

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

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

There was an interesting article on investor Baburaj Pillai in today’s ET.

He runs Arohi Asset Management, a fund based out of Singapore

It’s significant holdings in India as on 31 March,2014 as per Stock Exchanges is given below:

 

Symbol Entity # of Shares % Date End
MINDTREE AROHI ASSET MANAGEMENT PTE LTD A/C AROHI EMERGING ASIA MASTER FUND 496661 1.19 201403
TDPOWERSYS AROHI ASSET MANAGEMENT PTE LTD. A/C AROHI EMERGING ASIA MASTER FUND 529227 1.59 201403