Some stuff I am reading today morning:
India Post Payments Bank by 2017 (FE)
The Ujjivan Story (Mint)
Godrej Group to become $10 Billion entity by 2020 (BS)
Are 100 Crore Movies lucrative? (Vivek Kaul)
Karvy’s stock ideas (ET)
Prof Bakshi’s picks get hammered (RJ)
Past Performance and Future Expectations (Prashanth)
How to spot bargains-Graham style (Tankrich)
4 Men, 4 Numbers (Esquire)
How to use Contrast Effect to make money in the markets (AA)
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 approvalto 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.
In October 2014,the bank placed shares at 180 Rs/share to prominent investors such as Satpal Khattar,Alok Oberoi,Yusuff Ali M.A. etc
The bank 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 off-beat reads for the weekend:
The myth of “Hindu Terror” (Rupa Subramanya)
How RSS saffronised Assam (Shekhar Gupta)
Scenes from the Bengal Election (Great Bong)
Amma & Didi (Outlook)
Congress:The Alice in Wonderland (Swarajya)
How NDTV creates false headlines (OpIndia)
Punjab now has the world’s biggest rooftop solar plant (BI)
A multi-million tailoring business from India (Forbes)
The # 1 Financial Regret for older Americans (Smart Money)
Secret tunnel found in Mexico (Smithsonian)
How democracy is changing Myanmar’s skyline (Guardian)
How to toast in 20 different languages (Life Hacker)
5 people who live by Wanderlust (NatGeo)
How Anant Ambani lost 108 kilos (BI)
Gossip:Tall Claims of Robert Vadra (Gossip Guru)
