IndiaBulls Financials -- The Hotest Pick of FII's


IndiaBulls Financial is the hotest pick of the FII's in the recent months which shows its roboustness and the way ahead for the stock in the coming days.

Goldman Sachs Investments Mauritius Ltd (GSMI) acquired 3.76 lakh shares for an undisclosed amount in open market transactions that were executed on March 30, a regulatory filing on the BSE shows. Post-transaction, GSMI holds 90.93 lakh shares or 5.06 per cent in Indiabulls.

The leading domestic brokerage firm has recently allotted shares representing 3 per cent stake to US-based fund Farallon Capital for Rs 186.3 crore. Foreign fund house Citigroup Global Markets has also bought 14.85 lakh shares in the company worth Rs 73 crore through market-purchase route.

As per the latest shareholding pattern of the brokerage firm, foreign investors like Merrill Lynch, Lloyd George Investment and Fidelity Funds have significant interests in the company. Merrill Lynch Capital Markets Espana has over 8 per cent stake in the company, while CLSA Mauritius 3.3 per cent stake.

10th April 2007 Citigroup Global Markets Mauritius Private Limited bought 1485560 shares @491

20th Feb 2007 Merrill Lynch Capital Markets Espana S.a. Svb 2184000 @448

18th Jan 2007 Clsa Mauritius Ltd 1400000 @300

18th Jan 2007 Clsa Merchant Bankers Limited A 1350000 @300


Meanwhile, Goldman Sachs too has been actively pursuing interests in Indian companies as it has along with a clutch of other private equity investors has invested 25 million dollars in IT software and technology support firm Cybernet-SlashSupport (CSS).

A few days ago, Goldman Sachs subscribed to a 24 million dollar (Rs 106 crore) FCCB issue from ICSA, an embedded technology and electrical infrastructure solutions provider.

Today the stock closed at 490 down around 5%. But the prospects are much much brighter. Even the steel king LN Mittal the good stake in the stock and the another demerger around the stock is the must for evey investor who wants to have good returns.