Source: FT
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It’s a global selloff, Stupid !
Source: FT
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Linkfest: 01 March, 2018
Some stuff I am reading today morning:
The corrupt dealings of Chidambaram (ET)
India is now the world’s fastest growing economy (Mint)
Aircel files for bankruptcy (BS)
Fortis Auditor raises three red flags (Quint)
SBI steeply hikes deposit rates (Rediff)
Stock Talk: Godrej Agrovet (MC)
The writing on the wall for PSU Banks (IIAS Advisory)
Why do the rich get richer? (Subramoney)
Successful investing is having everyone agree with you later (TRB)
Buffett doesn’t beat the market anymore (Quartz)
The Lalit Group of Hotels runs some of India’s finest hotels and is one of the largest private Hotel Chains in India.
It’s latest Annual Report can be downloaded from here.
They intend to list their shares and have taken shareholder approval for the same.
A very limited quantity of its shares are on offer for sale.
For those interested,please email me at Alpha Ideas
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Portfolio of GTI Capital in India
This post is in continuation of my coat tailing series (see here)
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GTI Capital is a well known FPI investor in India.It’s India advisor Madhav Dhar keeps pontificating on TV channels.
It’s holdings as on 31 December,2017 as per stock exchanges is as given below:
| Company Name | Symbol | Entity Name | Value (In Crores) |
| Future Supply Chain Solutions Ltd | FSC | GTI CAPITAL GAMMA PVT LTD | 59.57 |
This case can be a landmark one and can be a ray of light for minority shareholders in scam hit companies like Fortis, Religare, Gitanjali Gems etc
Minority shareholders of Ricoh India Ltd. have demanded compensation from the insolvent company and its Japanese parent for losses caused by a drop in its share price after a fraud was detected at the maker of scanners and photocopiers.
Nearly 165 public shareholders owning a combined stake of 2.3 percent filed a petition at the Mumbai bench of the National Company Law Tribunal seeking relief, accusing Ricoh India of oppression and mismanagement. They want Japan’s Ricoh Company to purchase their shares for about Rs 94 crore at Rs 1,029 apiece, the price prevailing as on June 30, 2015 before an accounting fraud at the company came to light.