Wednesday, April 23, 2014
Wednesday, April 16, 2014
If this professor sells his USL shares to Diageo, he will make a cool Rs 451 cr
If this professor sells his USL shares to Diageo, he will make a cool Rs 451 cr
When United Spirits shares
surged about 15 percent yesterday reacting to Diageo's announcement of a
second open offer, guess which Indian got the most value?
Obviously, not Vijay Mallya. It is a certain Shivanand Shankar Mankekar in Mumbai. This is because Mankekar holds 1.02 percent stake in the company, according to the shareholding pattern on the BSE.
According to a report in The Times of India, Mankekar is a professor in a college in central Mumbai and is the largest Indian shareholder in the company. Not even the insitutional investors such as Reliance Mutual Fund, DSP Blackrock MF, SBI MF and UTI MF have more than 1 percent stake in the company, notes the report.
The report says the Mankekar family has stakes in companies such as Talwalker's, Shasun Pharma and Financial Technologies.
Diageo has offered to buy United Spirits stake in an open offer that will open in June. The price offered is Rs 3030 per share, while the current market price of the stock is Rs 2,860.
So if Mankekar decides to tender his 14,89,100 shares in the open offer, how much would he make? A cool Rs 4,51,19,73,000. That is Rs 451 crore
Obviously, not Vijay Mallya. It is a certain Shivanand Shankar Mankekar in Mumbai. This is because Mankekar holds 1.02 percent stake in the company, according to the shareholding pattern on the BSE.
According to a report in The Times of India, Mankekar is a professor in a college in central Mumbai and is the largest Indian shareholder in the company. Not even the insitutional investors such as Reliance Mutual Fund, DSP Blackrock MF, SBI MF and UTI MF have more than 1 percent stake in the company, notes the report.
The report says the Mankekar family has stakes in companies such as Talwalker's, Shasun Pharma and Financial Technologies.
Diageo has offered to buy United Spirits stake in an open offer that will open in June. The price offered is Rs 3030 per share, while the current market price of the stock is Rs 2,860.
So if Mankekar decides to tender his 14,89,100 shares in the open offer, how much would he make? A cool Rs 4,51,19,73,000. That is Rs 451 crore
Tuesday, April 15, 2014
Subscribe to:
Comments (Atom)