Some stuff I am reading today morning:
FED leaves rates unchanged (WP)
Should TCS buy IBM? (Mint)
Budget 2016-17 actually sucks (Parthasarathi Shome)
IPO Review:Healthcare Global (MoneyControl)
Sector Funds beat Diversified Funds (ET)
Water could make or break India growth (Bloomberg)
Better days ahead for agri input firms (BS)
Neelesh Surana on investing (OB)
So long Pershing Square (Nihon Cassandra)
Charting Gold (Market Anthropology)
Amusing sales pitch from the CEO of Birla Sun Life Mutual Fund.
Mutual fund too can create Jan Dhan MF accounts and create financial inclusion real through liquid fund https://t.co/NXS8KE0QjA
— A Balasubramanian (@MFBALA) March 15, 2016
Next he will want all Govt subsidies to flow directly to his Liquid Fund Schemes !
Catholic Syrian Bank is a 95 year old bank based out of Kerala.
It has filed for an IPO and has already received SEBI’s final approval to list.
There are press reports that a group of PE firms- TPG Growth, TA Associates, Apax Partners, IVFA, Everstone, Kedaara and Multiples-are looking to pick up 25%-35% of Catholic Syrian Bank.
Last time,the bank placed shares in October 2014 at 180 Rs/share and followed that up with a rights issue in March 2015 at 75 Rs/share in the ratio of 1:3 effectively making the last placement price 153.75 Rs/share
A limited quantity of shares of Catholic Syrian Bank are available at a significant discount to this valuation as well as 31 March 2015 Book Value of Rs.147.25
For those interested,please email me at Alpha Ideas.
Some stuff I am reading today morning:
Modi’s irrigation push (BS)
Warren Buffett on market bubbles (Yahoo)
Banking Sector:Should you invest now? (Subramoney)
10 Money Mistakes you should avoid (Vipin)
How to restructure your salary to pay less tax (ET)
Rajat Gupta’s fund struggles (Mint)
Buy & Hold can be risky too (Capital Spectator)
Internet banking for Post Office Schemes (Be Money Aware)
The March Madness Theory of Investing (Bloomberg)
Your personal gold standard (DR)
You should invest in fundamentally strong companies. Don’t bother about their share price #AskReligareOnMarkets Religare Online (@religareonline) March 15, 2016