Tree Line Asia Master Fund buys 4.6 lakh PVR shares
Tree Line Asia Master Fund buys 4.6 lakh PVR shares
Hedge fund Tree Line Asia Master Fund ( Singapore) today bought 4.6 lakh shares of multiplex operator PVR Ltd for an estimated Rs 27 crore through the open market.
Tree Line Asia Master Fund (Singapore) bought 2.56 lakh PVR shares on the NSE and 2.04 lakh scrips of the company on theBSE, according to information with the stock exchanges.
The shares were purchased at an average price of Rs 586.25 each, valuing the combined transactions at Rs 26.97 crore.
PVR promoter Ajay Bijli and an entity identified as HNI372 sold 2 lakh shares each of the company at Rs 585 apiece, valuing the transactions at Rs 23.4 crore, according to the exchanges.
At the end of September quarter, Bijli held 22.64 lakh PVR shares, amounting to a 5.7 per cent stake.
PVR shares rose 3.73 per cent to settle at Rs 597.10 on the BSE.
Tree Line Asia Master Fund (Singapore) bought 2.56 lakh PVR shares on the NSE and 2.04 lakh scrips of the company on theBSE, according to information with the stock exchanges.
The shares were purchased at an average price of Rs 586.25 each, valuing the combined transactions at Rs 26.97 crore.
PVR promoter Ajay Bijli and an entity identified as HNI372 sold 2 lakh shares each of the company at Rs 585 apiece, valuing the transactions at Rs 23.4 crore, according to the exchanges.
At the end of September quarter, Bijli held 22.64 lakh PVR shares, amounting to a 5.7 per cent stake.
PVR shares rose 3.73 per cent to settle at Rs 597.10 on the BSE.
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Portfolio of Treeline Asia Master Fund in India
This post is in continuation of my coat tailing series (see here).
Treeline is a well known hedge fund based out of Singapore and Hong Kong.
The portfolio of their Tree Line Asia Master Fund (Singapore) Pte Ltd. in India as on Sept 2012 as per stock exchange websites is given below:
| Company Name | No of Shares | PERCENTAGE |
| Balrampur Chini Mill | 5900000 | 2.41 |
| Arshiya Internatl. | 3176000 | 5.4 |
| Sunteck Realty | 700000 | 1.11 |
| SKS Microfinance | 1427076 | 1.32 |
| SKS Microfinance | 1492924 | 1.38 |
| Hathway Cable & Data | 1470000 | 1.03 |
| United Breweries | 2890000 | 1.09 |
| Claris Lifesciences | 1000000 | 1.57 |
Source : PTI ; http://alphaideas.in
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