Thursday, September 3, 2009

How Anil Ambani makes 21 crores in 20 days!

Well, to begin with.. this ain't a spoof-spoof. But its definitely awe-inspiring and hilarious (What a combo!)

What Anil Ambani's Reliance Capital did is.. purchased a block of 14 lakh odd shares of J&K bank at Rs450/share from US-based Smallcap World Fund Inc, a part of the gigantic Capital Group of Companies of the US. This block was sold by one of Smallcap's New York fund managers to Reliance Capital. The deal was made on August 12th. 
On August 31st, however, the same ADAG led Reliance Capital sold the shares back to Smallcap at Rs600/share. This block was purchased by one of Smallcap's Singapore fund managers!

Now whether the New York and Singapore fund managers were in contact or not, is not known!
Guess ADAG firms have no complaints after making Rs 21 crore in 20 days!

1 comment:

  1. Hey,
    I also have similar kind of incidence to share with's about Rs.1 lakh car from TATA(Nano)
    Actually when TATA began booking of it's car they took advance booking amount about 35k from customers. But at that time they recently shifted their factory to new place in Gujrat. So there were no chances of bringing actual sell to Nano within 1-2 months.
    So now if you can think then TATA used that 35k from it's customers to build vehicle for them...u will say that no 1 can manufacture car in 35k...but from this transaction TATA actually got about 70% of manufacturing cost even before sell of their product!!! And that's why TATA is still in profit even after scrapping Singur plant.

    Hats off to Ratan TATA. :)