Shareholding Pattern – Analysis

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  • This topic has 93 replies, 24 voices, and was last updated 1 month ago by T9C.
Viewing 14 posts - 81 through 94 (of 94 total)
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  • #7080
    jmathew
    Registered Boarder
    Topic Author

    Dears please find few details related to latest SHP (June 2020)

    1. Promotes 36.72 %
    2. OAK – 6.57 %
    3. PRAVEEN KHURANA – 1.08 % (you may refer to the latest conference call for
    his stand on BCG). His name was not there in Q1 2019 SHP.
    4. Non-Resident Indian (NRI) – 11.20 (increased from 6.91 in Q1 2018)
    5. PRABHAKAR REDDY NARAPAREDDY – 1.09 % (Maybe from promotor’s team) his name
    was also not there in the old shp
    6. PRIYA PRAKASH – 3.74 % (every quarter holding is increasing. )
    7. Bodies Corporate – 12.69 % (256 investors, holding increased from the last shp)
    8. AKG FINVEST PRIVATE LTD – 3.75 % (ASHOK KUMAR GOENKA, /NAKUL GOENKA
    directors)
    9. GOENKA SECURITIES – 2.52 % (ASHOK KUMAR GOENKA/NAKUL GOENKA directors)
    10. UNO METALS LTD – 3.82 % (RAJESH GOENKA director)
    11. EDELWEISS CUSTODIAL – Last shp they were holding 1.05 %. Not showing now, maybe due to the new PO shares and their holding is less than 1 % now.
    12. Foreign Portfolio Investors – 0.23% (a new one, was not there in Q2 SHP)
    13. Clearing Members–0.45%
    14. Trusts 0.29 %
    15. individual share capital up to Rs. 2 Lacs (30505 investors) – 9.27 %

    2+
    #7457
    admin
    Keymaster

    NSE Notification: SHP until June 30 is released.

    Pledged shares has further reduced from 50% to 33.41%

    https://www1.nseindia.com/corporates/corporateHome.html?id=spatterns&radio_btn=company&param=BCG

    #7459
    sandyc316
    Registered Boarder

    Can someone do an analysis of the latest shareholding pattern published today i.e. 02/07/2020 ?
    I see somebody named Anil Kumar now listed as holding more than 1% of shares and along with Praveen Khurana and Geeta Patheja holds more than 5 million shares.
    Also, Oak shares stand at 1.85 cr.
    What about the Goenka group? Increase or decrease? What about NRI shareholding?

    4+
    #7462
    m4max1979
    Registered Boarder

    Pls share the link to new shp. I cannot see it on website.

    0
    #7465
    srinivasa kumar
    Registered Boarder

    In bse they updated

    1+
    #7466
    srinivasa kumar
    Registered Boarder

    Oak reduced holding from 6.58 to 3.64
    Anil Kumar newly added investor holding 1.07
    Goenka raised from 2.52 to 4.92
    Akg raised from 3.75 to 4.92
    Uno metals raised from 3.82 to 4.92
    Invidual investor below 2 lakhs holding reduced from 9.27 to 8.44%
    Individual investor above 2 lakh invested raised from 17.8 to 21.03% incredible more than 3%
    Individual investors increased from 348 to 355 ..only 7 persons increased 3%

    Pledge reduced from 50 to 33%

    #7468
    rajeshmk
    Registered Boarder

    I think the oak stake is purchased by the Goenka group. If you calculate the increase in Goenka group shareholding it approximately tallies with the reduction in oak stake .

    4+
    #7470
    T9C
    Blocked User

    Is the decrease in pledge due to increase in share price? Or really released, we don’t know.

    #7474
    Saul Goodman
    Registered Boarder

    Hi T9C, I think Canara Bank has released the pledge on those shares. Even though SBI debt was paid last year, we saw the reduction in pledge percentage only last quarter (60% to 50%). Like SBI, I think Canara also took time to release the pledge.

    3+
    #7475
    sateanna
    Registered Boarder

    The balance pledged shares are likely to be related to Axis Bank. This can also be expected to be closed in the 2nd quarter. SO BCG could effectively pledge fee company by 30.09.2020, which is a real positive and shows the pro activeness of the management to settle legacy issues.

    #7476
    T9C
    Blocked User

    I don’t think any shares are pledged with these 3 banks. If pledged, why they will agree for OTS. They could have sold it in market right.
    This is my opinion, what do you say?

    3+
    #7477
    T9C
    Blocked User

    And these loans are from LGS, and they mortgaged LGS properties. This is why I think shares might not be pledged with these banks.

    4+
    #7479
    Saul Goodman
    Registered Boarder

    Hi T9C, I think you are overthinking on this, actually it’s very simple.

    Most of the pledge is because of bank loans and remaining will be for promoters’ personal loans.

    Yes, the loans were taken by LGS, but it was not taken by the promoters of LGS but by the company and promoters will be held responsible for that because someone has to give surety.

    When Ybrant merged with LGS, all the responsibilities were transferred to Ybrant promoters, so Mr Reddy and other promoters’ shares are pledged with banks.

    The banks won’t just take properties as collateral, they will also take shares, it’s not just with BCG, you can check other companies also.

    Regarding ots, these loans are not normal loans, these have turned into NPAs, so it’s obvious the company and the banks have this agreement.

    The banks didn’t sell those pledged shares because BCG was paying them interest and also because of ots. You have to understand that these banks are very greedy, they will never miss the opportunity of getting extra money, they want both settlement and the interest.

    #7506
    T9C
    Blocked User

    Thanks Saul Goodman for explaining.

    0
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