Goldman Sachs Investment (
Meanwhile, Shree Renuka Sugars has reportedly evinced interest in picking up the stake sold by the foreign investors. It has placed its bid for the stake but the board, which is meeting on Tuesday, will take the final decision. The company recently raised Rs 506 crore through issue of 3.96 crore shares at Rs 137 a share to qualified institutional investors.
In 2006, Goldman Sachs Investment and Intercontinental Exchange Inc (ICE) bought 7 per cent and 8 per cent, respectively, stake in NCDEX from its original promoter, ICICI. Goldman Sachs paid $23.1 million and ICE paid $37 million.
The Government guidelines issued last year stipulate that foreign investors’ combined holding in commodity exchange can be no more than 49 per cent, with 26 per cent reserved for foreign direct investors and 23 per cent for foreign institutional investors. However, no single foreign investor can own more than 5 per cent in an exchange.
In response to various representations, the Government has set September 30 as the deadline for foreign investors to offload their excess stakes in exchanges. The current shareholders in NCDEX include NSE, LIC and UTI with 15 per cent stake each, while Crisil and Iffco hold 12 per cent each. Punjab National Bank and Canara Bank each have 8 per cent.crackcrack
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 39.83 |
| Bajaj Hindusthan Sug | 31.14 |
| Balrampur Chini Mill | 537.05 |
| Triveni Engg. & Inds | 453.75 |
| Dalmia Bharat Sugar | 379.55 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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