This sorry saga relates to Bharti Telecom, the unlisted holding company of the Bharti Group.
In Jan, 2018, the following valuation report was submitted which valued the shares of Bharti Telecom @ Rs.310 per share.
In Feb, 2018, Singtel invests in Bharti Telecom @ 310 Rs/share investing a whopping Rs.2,649 Crores.
Fast forward to June 2018,the good folks at Bharti Telecom now want to extinguish the shares held by minority shareholders @ 163.25 Rs/share !!
Some stuff I am reading today morning:
FPI outflows hit 10 year high (BL)
Oil prices may cross $90 next year (Oilprice)
GST- A work in progress (Mint)
Cyrus Mistry’s fresh charges against Tata Sons (BS)
2 reasons why I didn’t recommend KRBL (Equity Master)
Kwality Ltd from 160 to 21 in a year (Gaurav)
The Indian Rupee- Quo Vadis? (Ananth Narayan)
A complete guide to understanding free cash flow (Dr Vijay Malik)
Daniel Kahneman on luck (Standard)
Building Birla’s legacy their own way (Forbes)
Here are the most clicked items on Alpha Ideas This Week:
How Mohnish Pabrai escaped loss of 150 Cr (RJ)
CDSL: A fit and proper resignation (AI)
Bank Nifty: Index or Joke? (AI)
High Quality Vs Low Price (Safal Niveshak)
Value Investing from a veteran (Subramoney)
Plight of the SME Investor (Niteen Dharmawat)
Own the Compounders (AI)
When is risk the highest? (AI)
The Sindhi Merchants of Gibraltar (Madras Courier)
Portfolio of Ashish Agarwal (AI)
Some off beat reads for the weekend:
The stock market loophole that screws the little guy (Felix)
How to get away with financial fraud (Guardian)
A Princess, a Poisoning and an Oil Fortune (Spiegel)
Catastrophe in Yemen (ATimes)
My experience of running an Uber & Ola taxi (TeamBHP)
Kamal Nath fails (Gossip Guru)
Remembering Field Marshal Sam Manekshaw (Syed Ata Hasnain)
Baffling facts about life in Japan (Brightside)
Movie Review: Sanju (Arre)
Don’t even touch a newspaper (J Mathrubootham)
The Company Style & Raja Ravi Varma (Madras Courier)
Secrets of Vijaynagara architecture (Madras Courier)
On the sadness of moving (Great Bong)
World Cup Diary (Outlook)
The most discussed World Cup moments (RT)
This post is in continuation of my coat tailing series (see here)
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Cinnamon Capital is a well known FPI in the Indian Equity Markets.
It’s holdings as on 31 March,2018 as per Stock Exchanges is given below:
| Company Name | NSE Symbol | Entity | Value (In Crores) |
| Prestige Estates Projects Ltd | PRESTIGE | Cinnamon Capital Limited | 106.54 |
| Godrej Properties Ltd | GODREJPROP | CINNAMON CAPITAL LIMITED | 157.93 |
| Indiabulls Housing Finance Ltd | IBULHSGFIN | CINNAMON CAPITAL LIMITED | 682.22 |
| Indiabulls Ventures Ltd | IBVENTURES | CINNAMON CAPITAL LIMITED | 2150.72 |