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THIS SCRIP COULD PROVIDE RETURNS AT PAR WITH WHAT MATRIX LABORATORIES DID WAY BACK IN 2003...
In reply to:
Marksans Pharma buys UK-based Relonchem for Rs 100 cr
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MMB Messenger
Marksans Pharma has acquired UK-based Relonchem for Rs 100 crore. Mark Saldanha, Marksans Pharma said that the Relonchem acquisition is debt free and value addition from Relonchem will happen over next two months. 
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I ASKING ONE QUESTION NOW MARKET STABIL OR NOT FOR SHORTERM INVESTMENT SO PLZ TELL ME ABOUT ...
In reply to:
Exiting IPO depends on mkt conditions: Somerset Fund
Posted by : MMB Messenger
Tariq Carrimjee of Somerset India Fund said that the company has invested in 35 IPOs in the last one year. India has assets in excess of USD 100 million in India, he said. The existing IPO will depend purely on market conditions, he said.
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I ASKING ONE QUESTION NOW MARKET STABIL OR NOT FOR SHORTERM INVESTMENT SO PLZ TELL ME ABOUT ...
In reply to:
Exiting IPO depends on mkt conditions: Somerset Fund
Posted by : MMB Messenger
Tariq Carrimjee of Somerset India Fund said that the company has invested in 35 IPOs in the last one year. India has assets in excess of USD 100 million in India, he said. The existing IPO will depend purely on market conditions, he said.
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I ASKING ONE QUESTION NOW MARKET STABIL OR NOT FOR SHORTERM INVESTMENT SO PLZ TELL ME ABOUT ...
In reply to:
Exiting IPO depends on mkt conditions: Somerset Fund
Posted by : MMB Messenger
Tariq Carrimjee of Somerset India Fund said that the company has invested in 35 IPOs in the last one year. India has assets in excess of USD 100 million in India, he said. The existing IPO will depend purely on market conditions, he said.
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Tariq Carrimjee of Somerset India Fund said that the company has invested in 35 IPOs in the last one year. India has assets in excess of USD 100 million in India, he said. The existing IPO will depend purely on market conditions, he said.
...
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INDIA-RELATED---
* Lower solvency margin requirement drives down term insurance rates (ET)
* India clinches ASEAN Free Trade Agreement (BS)
* General Motors India engine unit to start ops Jan-Mar 2010 (NW18)
* Protestors to stop Tata workers at Singur (ToI)
* Tata Steel Global eyes $1 bln PE deal (Mint)
* Govt may trim planned expenditure to curtail deficit (Mint)
* RBI Mohan meets Chidambaram amid speculation on governor selection (NW18)
* Govt decides to auction 3G spectrum for CDMA players as well (NW18)
* Tata Motors aims to up FY09 margin via cost cut; no price hike now (NW18)
* NALCO to import 100,000 tn coal by end Mar to feed facilities (NW18)
* Fire at Sintex\'s Kalol plant but situation under control (NW18)
* Shipping body says ministry for tax breaks to Indian seafarers (NW18)
* Cipla 2007-10 capital expenditure estimated 20 bln rupees (NW18)
* Zenith Computers plans to raise capacity to 300,000 units FY09 end (NW18)
* Tech Mahindra to buy 17.28% stake in European co Servista (NW18)
* Great Eastern Energy plans sponsored issue (BS)
* Subhiksha to invest up to 4 bln rupee on large format stores (NW18)
* Aditya Birla Nuvo to buy Apollo Sindhoori stake for 2 bln rupees (NW18)
* Industry body seeks withdrawal of stock limits on edible oils (NW18)
* Tata Motors says Singur stir may hit Nano project deadline (NW18)
* Head sees Cipla\'s FY09 revenue growth at 12-15% (NW18)
* ICICI Bank\'s Morparia quits, to join as head of JP Morgan India (NW18)
* Govt official sees Gujarat 2008-09 castor acreage up by 33,000 ha (NW18)
* BSE gets SEBI in-principle nod for exchange traded FX derivatives (NW18)
* Ratan Tata says input cost rise may lead to steel sector slowdown (NW18)
* Dhoots of Videocon chart succession road map (ET)
* Wadias, Danone close to resolving dispute (ET)
* RBI says cos raised $2.47 bln via ECB in Jul, nil via FCCB (NW18)
* 3G spectrum for CDMA operators to be auctioned (HBL)
* Study says India 2007 business-to-business spend $2.3 trln, up 23% (NW18)
FROM OVERSEAS---
* Merrill losses wipe away long-time profits (FT)
* Toyota cuts 2009 sales forecast by 7% (FT)
* China, Iraq revise earlier pact to develop Ahdab oil field (WSJ)
* Worker productivity up, real income down in US (CNN)
* Oil industry prepares for Gustav storm, prices rise (CNN)
* China audit shows state misused $6.73 bln (FT)
* Bankruptcy filings surge to $1 mln, up 29% (CNN)
* China Mobile trails over 3G technology (FT)
* Ricoh in $1.62 bln move for Ikon (FT)
* UK house prices suffer double-digit fall (CNN)
...
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Book value of investments in listed firms doubles to Rs 6,291 cr in FY07.
Tata Sons, the holding company for all Tata Group’s investments, has increased stakes in several group companies in an attempt to thwart any potential hostile takeovers.
For the year ended March 2007, Tata Sons has increased its stake in Indian Hotels to 68.5 million from 6.7 million a year ago. The corresponding figures for Tata Steel and VSNL are 139.7 million (110.8 million) and 24.2 million (10.3 million). Among unlisted companies, Tata Sons significantly increased its investments in Tata Sky.
However, its stakes in Tata Motors and Tata Power were more or less unchanged. An interesting note in the Director’s Report is the suggestion that Tata Sons is worried about a potential hostile takeover bid on some of its listed subsidiaries, where its stake is less than 50 per cent.
The book value of investments in the listed companies doubled from Rs 3,644 crore to Rs 6,291 crore in the same period.
Tata Sons reported a total income of over Rs 3,800 crore and net profit of Rs 3,300 crore, which translates into earnings per share of Rs 82,000 for the financial year 2006-07. To top it all, it reported reserves of Rs 12,000 crore. The other income of Rs 2,300 crore is mainly profit from the sale of shares, mainly in Tata Consultancy Services (TCS). Roughly, 20 million TCS shares were sold during the year.
The market value of its investments is over Rs 1,00,000 crore, but with some of its biggest subsidiaries yet to be listed, there is great potential for value unlocking.
FINANCIALS FY07
Total income Rs 3,852 cr
Net profit Rs 3,335 cr
EPS Rs 82,322
Reserves & surplus Rs 12,123cr
Dividend income Rs 1,300 cr
Profit on sale of shares Rs 2,300 cr
Almost the whole of the group’s billion-dollar income is from dividend declared by its listed subsidiaries and profit from sale of shares in these companies. Dividend from TCS is the single biggest contributor to Tata Sons’ income with Tata Motors and Tata Steel also chipping in with decent amounts.
Tata Sons has investments in over 100 companies, of which only a dozen-odd are listed. It has 82 subsidiaries, of which 80 are unlisted.
Some of the prominent ones are its DTH venture, Tata Sky, and its insurance JV with AIG, both of which are in the red now.
Unlike Bharti and Reliance Communications, which report quarterly profits in excess of Rs 1,500 crore, Tata’s telecom subsidiary, Tata Teleservices, is bleeding with losses close to Rs 1,000 crore for FY07. Its retail chain, Croma, which commenced operations in 2006-07, also reported a marginal loss of Rs 18 crore in its first year.
Not surprisingly, Tata Sons is also a major source of funds for its group companies. It stands guarantor for thousands of crores of loans given to its subsidiary companies.
So, while Tata Sons has cash reserves of around Rs 2,500 crore, it still has Rs 4,000 crore debt in its balance sheet.
As for the company management, apart from a couple of names that may not be so familiar, most of the 10 directors on the board of Tata Sons are trusted lieutenants of Chairman Ratan Tata.
The shareholding pattern of Tata Sons does not seem to have changed much over the last few years. Fifty one per cent stake in Tata Sons is held by two trusts, Sir Dorabji Tata and Sir Ratan Tata Trust.
SHAREHOLDING PATTERN
Total equity shares 4,04,146 (Rs 1,000 each)
Shareholder No of shares
Shapoor Mistry 108
Sterling Investment Corp
(Shapoorji Pallonji group) 40,319
Cyrus Investments
(Shapoorji Pallonji group) 33,925
Ratan Tata 3,368
Sir Dorabji Tata Trust 1,13,067
Sir Ratan Tata Trust 95,211
Tata Investment Corp 326
Sarvajanik Seva Trust 396
RD Tata Trust 8,838
Tata Social Welfare Trust 15,076
Tata Education Trust 15,075
JRD Tata Trust 16,200
Tata Power 5,673
Tata Tea 1,755
Indian Hotels 4,500
Tata Industries 2,295
Tata Chemicals 10,237
Kalimati Investment Co. 12,375
Tata International Ltd 155
Tata Motors 12,375
Piloo Tata 487
Jimmy Tata 157
Farhad Choksey 157
Simone Tata 2,011
Noel Tata 2,055
Virendra Singh Chauhan
(Chhota Udaipur) 1
MK Tata Trust 2,421
According to the group website, these trusts were created by the sons of the families of Jamsetji Tata, the founder of the Tata Group. Ratan Tata is believed to be a trustee in both trusts. Shapoorji Pallonji Group, one of the oldest construction companies in India, holds 18 per cent stake in Tata Sons. Ratan Tata holds just 3,368 shares in his personal capacity, which is less than 1 per cent.
While Tata Sons may be one of the most profitable unlisted companies, it also has one of the biggest balance sheets of any Indian company, especially if one were to consider the market value of its investments in group companies. No wonder then that many Tata group shareholders want Tata Sons too to be listed
(BS)...
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what is short term and long term target for marksans pharma?...
In reply to:
Marksans Pharma buys UK-based Relonchem for Rs 100 cr
Posted by : MMB Messenger
Marksans Pharma has acquired UK-based Relonchem for Rs 100 crore. Mark Saldanha, Marksans Pharma said that the Relonchem acquisition is debt free and value addition from Relonchem will happen over next two months.
Tracked by: 1 Boarder
Marksans Pharma has acquired UK-based Relonchem for Rs 100 crore. Mark Saldanha, Marksans Pharma said that the Relonchem acquisition is debt free and value addition from Relonchem will happen over next two months. ...
Tracked by: 0 Boarder
For better returns take the advice of portfolio manager or give some funds to portfolio manager to manage funds for you. They will do so on nominal charges.
As they are doing it for so many people they watch scrips and stocks contineously and do buy and sell, as well as they keep tracking all details of the company stock . There are many PMS people who work for percentage and many for commission. You can try them. They know exact entry and exit point. Entry anybody can make but exit level is not so easy as this require study of the market and scrip.
But beware with those who want to make broking only for themselves and least bother for your funds.
...
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Westb Bengal Governors silence in the prevailing unusual situation resulting from the siege of a major highway that is causing extensive hardship to large section of the population and braking its economy, is really intriguing. He has been found to lash the local government for any minor lapse on its part and rushed to the victims\\\\` aid when government is remotely connected to to their sufferings. Is he also wayting for some mayhem before opening his mouth?
Secondly, why government is not taking the case of seize of the highway to the court to seek their directive if they are aqprehensive of any unwanted develoiopment by taking any unililateral action.
dc_subrata...
In reply to:
Tata Motors to meet WB Industrial Development Corp
Posted by : MMB Messenger
Tata Motors will meet the West Bengal Industrial Development Corporation on Thursday at 5 pm. Tata Motors has also asked all the vendors to attend the meet.
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Can any one tell Genuine information about future of Cybermate Infoteck Ltd?...
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Birds of a feather flock together - u scratch my back, I scratch yours. This is very common with firms that follow similar strategy eg. both want to set up industries in West Bengal and Gujrat where they are getting state government support of cheap land. Apart from Narendra & Buddha, they have to face the might of Mayavati & Mamta. There is always security in groups, this is the only way they cud survive....
In reply to:
Mukesh Ambani supports Tata Nano dream
Posted by : MMB Messenger
Mukesh Ambani Chairman and Managing Director of Reliance Industries Limited came out in strong support of the Tata today. "The Nano Project is a unique and innovative initiative which will establish India's position as a small car hub."
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Mukesh Ambani Chairman and Managing Director of Reliance Industries Limited came out in strong support of the Tata today. "The Nano Project is a unique and innovative initiative which will establish India's position as a small car hub."...
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ONGC and the Shipping Corporation of India (SCI) are firming up the equity structure for the joint venture company that they plan to set up for providing offshore services....
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