Wednesday, 18 September 2013

Share Prices

Aricent Tech 25 50
ABCL 24 32
ATLAS COPCO 1600 2200
Axles India 18 35
Associated Pigment 15 55
Aspin Wall 100 140
Arch Pharma 175 250
Alembic Glass (Shreno Ltd) EX BONUS 2:1 NOV'2012 950 1350
A V Thomas & Co 1400 2400
Avery India 60 110
Anup Engg 255 650
Abacus Computer 3  
Ahmedabad S E 15 20
BAGGRYS 70 115
Bharti Teletech Ex Payout   325
Bharati Telecom 3400 3800
Bausch & Lomb (Rayban Optics) 75 115
Bennet & Colman Ex Bonus 8:1 2000  
Bharat Hotel 80 110
Bharat Nidhi 5500 7000
Bosch Chasis 350 500
Bse 140 180
Baroda Power 10000 30000
Bangalore S E 9 12
Camac Commercial (Phy) 4750  
Catholic Syrian Bank EX RIGHTS 1:3 @ 75 RD 2/3/13 125 150
Cadbury 1600 1900
Carrier Aircon 50 70
Chemundrum Ispat    
Calcutta Stock Exchange 1000 1700
Cochin Int. Airport PHY 105 175
Cross Country Hotel 6 10
Capricorn   75
Delhi Stock Exchange 10 15
Eastern Investment 1300 2000
Essar Steel 23 29
EMC 25  
Elbee   12
Future LIFESTYLE   250
Farm Enterprise 370 455
Frick India 550 650
Guj Nre Ofcd          matured    
Guj Nre Minerals X Bonus 1:2 Rd 13/6/2011 6 11
Gannon & Dunkerlay    
GPT Infra Project 25  
Hindustan Times 450 750
Hdfc Life Insurance 125 150
Hind Vidyut 800 880
Hyderabad Stock Exchange 250 400
ICICI Prudential Life Ins 125 195
Indian Tourism Dev.Corp (ITDC) now trading on bse    
India Carbon 100  
JUST DIAL                   NOW LISTED    
Julundhar Motors EX BONUS 1:1 11-5-13 80 110
Kotak Mahindra Fin (Phy)    
Kesoram Textiles (FV 2) 1.5 3
Kudremukh 180 250
Liberty Oil   80
Lux Hosiery 125 150
MKCL(Mah Knowledg Co Lt) 105 155
Malanpur Steel   4
Matrix Lab (Mylan Pharma) 110 150
Mcx (Now ListED SINCE M'12)    
Mid East Integrated 16 19
Manju Shree Plantations 25 48
Modern Insulator (Physical) 15 20
Mohan Maekin 60 90
Mstc (Physical Share) EX BONUS 3:1 24/9/12 700 850
Nandan Biomatrix (Cleantech) 70 110
NIRMA  DELISTED & BUYBACK 260.00 160 210
Nse 3000 5000
Nath (Pack of 3 Cos)  10 18
Nath Seeds (Now Listed On Bse)    
Nath Bio 25 35
Oswal Agro Listing On Bse on 8th May2012    
Omdc Now Listed on Nse & Bse    
Otis Elevator 700 900
Pnb Finance 4400 5600
Patni Computers 250  
Pilani Investment Now Listed    
Ratnakar Bank 110 120
Raunaq Int 115 200
Rupa Fv Rs.1 (Now Listed On Bse)    
Ram Raju Surgicals Ex Bonus 1:1 100 150
Ram Narayan Mills    
Smc Global NEW FACE VALUE RS.2 40 55
Spencers Retail 175 250
Sri Natraj Ceramics Now Listed At Nse Since 2/1/12    
Simpson & Co 3600 5000
Sistema Shyam 6 10
SYNGENTA 400 500
SBI Home Finance 2 6
T Stance 105 150
Tamilnadu Mercantile Bank (Physical)
div  900/SH Interim for 2012-13 Fy rd 3/12/12
60000 75000
Tata Sons 55000  
Tata Technology 750 900
Taparia Tools 60  
Ttk Lig 4000 6000
TCS E Serve 5000 6000
Contact :
Sandip Ginodia
We deal in over 60 unlisted companies with 15 years of experience . Website
Call : 09830271248 .


Even as the Kolhapur-based private lender Ratnakar Bank continues to serve the local community of traders, small businessmen and farmers, it now aspires to become a pan-India player. The strategy for expansion is to keep the plan simple: build on legacy, achieve scale and enter new regions. “We are only trying to extend the boundaries of what has been built. We are very clear in our minds that we cannot make this bank a reflection of our previous organisations. We have consciously put those clothes behind us,” says Rajeev Ahuja, who earlier worked with Citi and currently heads the strategy and financial markets division at Ratnakar Bank. Excerpts:
Ratnakar Bank is known for reaching out to small borrowers and lowincome groups. These have been no-go areas for most banks who fear that that their money would be wasted on poor customers and bad loans. Still your bank has been able to maintain profitable growth. Can you share with us the success of your business model and how plan to take it forward?
As our roots lie in rural parts of Maharashtra, our retail banking operations are largely focussed on families with disposable incomes in rural areas. We make about one-third of our loans to farmers, small businesses and lowincome consumers - a target base that normally operates outside India’s banking system. The bank is using the deposits it takes from urban customers to extend loans to rural borrowers, with an eye toward small businesses such as tea stall owners, cobblers and people who typically do not have access to banking services. These businesses are historically dependent on loans from family and friends, loan sharks, or microfinance institutions. But we have shown that there is enough business to be made at the bottom of the pyramid. In the process, Ratnakar Bank has become a model of profitable growth for the country’s 500 million small borrowers. Financial inclusion is big business for us and we will continue our efforts in that direction.
Why do you think most banks are afraid of starting operations in rural areas despite there being government-led initiatives meant to encourage lenders to set up branches in India’s outskirts?
Rural banking involves a lot of risk in a country where a majority of the population lacks financial literacy and credit culture has yet to evolve. Poor Internet connectivity in the hinterland along with meagre savings and disposable income in the villages add to the challenges. Even so, spending in rural India, which accounts for about 68% of total households in the country, outpaced that in urban areas between fiscal years 2010 and 2012, the first time in nearly 25 years, according to Crisil Research, indicating that these markets could present better opportunities. For Ratnakar, capitalising on that means thinking small. The bank, for example, lends small loans to women in Maharashtra to help them buy cows. Following our example, many banks now see rural banking as a great opportunity and the trend will gain strength in times to come.

Have you set any targets for the bank in terms of branch expansion?
Historically the bank has been embedded in a big part of Maharashtra and Karnataka with a solitary presence in Delhi and Bangalore. From 85 branches two years ago, we now have 130 branches across Maharashtra, Gujarat, Delhi NCR, Uttar Pradesh, Madhya Pradesh, Karnataka and Goa. In the current fiscal we plan to open 30-40 new branches across the country. We plan to set up a total of six branches in Tamil Nadu, and also open more in Rajasthan, Madhya Pradesh, Chhattisgarh, West Bengal and Kerala this fiscal. In keeping with our focus on financial inclusion and the agribusiness segment, the bank will open branches in Nellikuppam and Avinashi, in Tamil Nadu. These branches will cater to farmers, small businesses and those involved in the textile trade in and around these areas. We have identified Mumbai to northern Karnataka as a big business corridor. The idea is to develop that further. We have also identified other markets such as the NCR as having a significant business potential. With
branches in Noida, Gurgaon, Bhiwadi and Sohna road we now have a decent presence in NCR. We have opened a branch in Surat, we are going to Chennai, Hyderabad. All these markets are large markets and have to be seen three to five years from now.
Ratnakar Bank is readying for market listing. When do you plan to come out with your IPO?
We are ready and preparing for listing early next year. We will do so at the first opportune moment, but the timing also depends on the state of the markets.
It is said that to fund its loans, Ratnakar pays high deposit rates – 5.5% on savings accounts, compared with 4% at most Indian banks, and its total deposit cost averages 8.9%, compared with the industry average of 6%. Is that sustainable?
Ratnakar’s operating expense of 2.67% of average assets is higher than the industry average of 1.7%. Yes, cost is high, but I don’t think costs will always remain high. As we build scale, cost of servicing and acquisition will come down. Our net interest margin, a key gauge of profitability, stands at 3.58%, which compares well with that of most other banks.
Recently, Ratnakar Bank tied-up with E-Meditek for the launch of discount-offering pre-paid healthcare cards. What do you see the benefits to your bank by associating with a health care card?
We are delighted to partner the launch of a revolutionary payment product in the field of health care. We are confident that this will define the way health care payments are made in the near future and help bring a lot of ease, convenience, efficiency and speed in the entire transaction cycle. Also, it’s a win–win situation for all the entities involved in offering this service since it brings value to all stakeholders. Our bank’s emphasis has always been to develop/partner in launching such innovative payment products. Prepaid card offering has been one of our focus area and we hope to create a difference by constantly stantly bringing new products/ payment ent opportunities in the future as well.

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Monday, 16 September 2013

CCI gives green signal to Ratnakar Bank-RBS deal

Fair trade regulator CCI has approved private sector lender Ratnakar Bank' proposal to buy Royal Bank of Scotland's credit card business, mortgage portfolio and banking operation in the country, saying the deal will not have an adverse impact on competition.

Royal Bank of Scotland (RBS) mortgage portfolio includes housing loans, while banking business includes providing small and medium sized enterprises with high end products and services.

In its order dated September 10, Competition Commission of India (CCI) said the proposal "is not likely to have an appreciable adverse effect on competition in India and, therefore, the Commission hereby approves the proposed combination under...The (Competition) Act".

The regulator said it has observed that after the proposed deal between the banks comes into effect, RBS would exit the credit card business, mortgage portfolio and business banking segment.

"Currently, Ratnakar Bank has no presence in the credit card business. It is observed that the presence of Ratnakar Bank in the mortgage and banking business in India would be insignificant after the proposed combination," CCI said.


Sandip Ginodia
We deal in over 60 unlisted companies with 15 years of experience . Website
Call : 09830271248 .

Catholic Syrian Bank seeks RBI nod for divesting further stake

The promoters of private sector Catholic Syrian Bank have sought the Reserve Bank's nod for divesting further stake in the bank to a UAE-based businessman, a top bank official said today.
Siam Vidhya Group, promoted by Bangkok-based Non-Resident Indians, had acquired 36.18 per cent equity shares of the city-based bank in 1994. In May 2012, the holding of stakes by the Group declined to 17.99 per cent, said Catholic Syrian Bank Managing Director and Chief Executive Officer Rakesh Bhatia.
Last April, out of the 17.99 per cent stake held by Siam Vidhya Group, 4.99 per cent had been sold to Abu-Dhabi based EMKE Group promoted by Yusufali M A, he added.
"The proposal for further transfer of three per cent stake (from Siam Vidhya Group to EMKE Group) has been submitted to the Reserve Bank of India about two months ago", he told PTI.

Sandip Ginodia
We deal in over 60 unlisted companies with 15 years of experience . Website
Call : 09830271248 .

Tuesday, 10 September 2013

Trilium, Punjab's largest mall to open next month in city

Tata Realty and Infrastructure Ltd, a hundred percent subsidiary of Tata Sons Ltd, one of India's largest and most respected conglomerates, marks it foray into Punjab with the launch of 'Trilium', in Amritsar early next month.
'Trilium' is poised to be the largest and finest retail destination in Punjab and its launch will fortify Amritsar's position on the Indian retail map. Spread over a land area of 5.54 acres, this 700,000 square feet retail mall will offer
an experience beyond shopping, dining and entertainment to shopping aficionados, food connoisseurs and mall goers in Punjab.
Developed by one the leading architectural firm - RTKL, USA, 'Trilium' will be one of the few Indian malls that is LEED compliant and earthquake resistant. Best-in-class technological and design elements have been used in construction operations and management, creating an exclusive feel and convenience for customers.
Trilium will offer Punjab's populace a chance to witness a retail extravaganza which will cater to its multiple needs, all under one roof.

Sandip Ginodia
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Nitin Nohria joins Tata Sons board

Nitin Nohria, dean and George F Baker Professor of Business Administration at Harvard Business School, has been appointed non-executive director of Tata Sons.

The Tata Sons board now comprises Chairman Cyrus Mistry, Farrokh K Kavrana, R Gopalakrishnan, Ishaat Hussain, Vijay Singh and Nohria.

Earlier, Nohria served as co-chair of the Harvard Business School leadership initiative, senior associate dean of faculty development and head of the organisational behaviour unit of Harvard Business School.

A doctorate in management from the Sloan School of Management, Massachusetts Institute of Technology, he holds a BTech degree in chemical engineering from Indian Institute of Technology-Bombay (which honoured him as a distinguished alumnus in 2007). He was a visiting faculty member at the London Business School in 1996.

He has served as advisor and consultant to several companies across the world.

Sandip Ginodia
We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit / call : 09830271248 .
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Tata Motors' Jaguar Land Rover to invest £1.5 bn in new technology

Tata Motors-owned Jaguar Land Rover (JLR) has announced a major investment boost of £1.5 billion to introduce a technologically advanced aluminium vehicle architecture in a new range of models.
The company will create as many as 1,700 new jobs at its advanced manufacturing facility in Solihull in the West Midlands region of England to meet the requirements of the enhanced product portfolio.
The latest additions will bring the total number of UK manufacturing jobs announced by Jaguar Land Rover over the last three years to almost 11,000.
Jaguar Land Rover global sales up 28 pct in August
"Jaguar Land Rover is a business driven by design, technology and innovation and this investment and level of job creation is yet further evidence of our commitment to advancing the capability of the UK automotive sector and its supply chain," Jaguar Land Rover Chief Executive Officer Ralf Speth said at the Frankfurt Motor Show on Monday.

Sandip Ginodia
We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit / call : 09830271248 .
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Telecom Commission okays TCI’s move to exit Bharti Hexacom

The Telecom Commission has cleared state-run Telecommunication Consultants of India's plan to exit Bharti Hexacom, a subsidiary of Sunil Mittal-founded Bharti AirtelBSE 8.66 %, to raise cash to meet its capital expenditure needs. A board member of Telecommunication Consultants (TCIL) said the company will shortly appoint an independent advisor to recommend a reserve price for its 30 per cent stake in Bharti Hexacom. "If the new reserve price is cleared by Telecom Commission, the advisor will invite bids later this year from potential buyers of TCIL's 30 per cent holding in Hexacom," the board member told ET on condition of anonymity. Bharti Airtel, which has the first right of refusal, did not reply to ET's query on whether it is open to buying out TCIL's 30 per cent stake. Two years ago, consultant Deloitte had set a Rs 1,800-crore base price for TCIL's 30 per cent stake, which the then cabinet secretary KM Chandrasekhar had dismissed "as too low", following which the company's exit plans from Bharti Hexacom had come a cropper.