Your SlideShare is downloading. ×
Zee News Jun 2, 2009 FIIs Pump In Rs 3,500 Crore Through 62 Bulk Deals In April, May
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Zee News Jun 2, 2009 FIIs Pump In Rs 3,500 Crore Through 62 Bulk Deals In April, May

380

Published on

According to data compiled by SMC Capitals, during the period from 2006 to April 2009, the volume traded on the bulk deal counter of the stock exchanges stood at Rs 5,00,500 crore, but the mutual …

According to data compiled by SMC Capitals, during the period from 2006 to April 2009, the volume traded on the bulk deal counter of the stock exchanges stood at Rs 5,00,500 crore, but the mutual funds accounted for just three percent of the total transactions..says Jagannadham Thunuguntla

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
380
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. FIIs pump in Rs 3,500 crore through 62 bulk deals in April, May Mumbai, June 01: With FIIs getting back the voracious appetite for Indian stocks, they have put in over Rs 3,500 crore through just 62 bulk deals on the Bombay Stock Exchange in the first two months of the current financial year. According to an analysis of bulk deals on the exchange in April and May this year, Foreign Institutional Investors (FII) transacted as many as 62 bulk deals buying shares worth Rs 3,516.61 crore, with the biggest deal being the sale of over five per cent stake in DLF for Rs 2,106 crore. Three foreign institutional investors -- Deutsche Securities Mauritius, Euro Pacific Growth Fund and Copthall Mauritius Investment -- invested as much as Rs 2,106.1 crore in DLF for buying 9.15 crore shares representing 5.39 percent stake in the realty firm last month. A bulk deal refers to a transaction which involves buying or selling of more than 0.5 percent of the number of equity shares of any listed company. Other key bulk deals in the period include those of private sector lender HDFC and commercial vehicle maker Eicher Motors. FIIs have turned positive from the starting of the current fiscal year, pouring in Rs 6,500 crore in April and Rs 20,117 crore (USD 4.1 billion) in the month of May, making the total of USD 4.2 billion (around Rs 20,473 crore) to date. Other FIIs which invested in the stocks include Goldman Sachs Investment Mauritius, Sansar Capital Mauritius and Deutsche Securities Mauritius. The stocks which saw buying from the FIIs are Eicher Motors, Vijay Mallya-led United Breweries, HDFC, Aban Offshore, Adlabs Films, Merk, HDFC Bank. Meanwhile, according to a recent research report, domestic mutual funds are shying away from bulk deals involving large chunks of shares while investing in equity markets as they prefer to retain the confidentiality of transactions. According to data compiled by SMC Capitals, during the period from 2006 to April 2009, the volume traded on the bulk deal counter of the stock exchanges stood at Rs 5,00,500 crore, but the mutual funds accounted for just three percent of the total transactions. Bureau Report

×