Financial Technologies (FT) lost over 1,600 cr. in market cap today.
The impact will be felt by many, including many of us who indirectly own stakes through mutual funds which own this stock. Let’s see who’s impacted.The share ended the day at Rs. 191, down 65%, one of the largest falls in a single day for a stock on the exchange.
Shareholders of Financial Technologies
Major shareholders own around 25% of FT. (Only from the last quarterly shareholding pattern as of June 30, 2013)
The Sheth brothers (who own Great Eastern Shipping) have lost
a packet today with a hit of over R. 130 crores.Pivotal Securities is
rumoured to be owned by Professor Shivanand Mankekar, a value investor
of some repute, and who’s lost about 20 cr. today. However, Prof.
Mankekar will have other things on his mind, as his other shares like
Strides Arcolab and Wockhardt (continuous lower circuits) are doing
really badly.FIIs have seen a mark to market hit of over 250 cr. today.
Shareholders of MCX Limited
MCX – the Commodities exchange and a part owner of MCX-SX – is owned by a large number of players. The stock stayed at the lower circuit at 20% down all day. It’s now half of the IPO price at 510
The impact to banks is tiny, but an entity such as the Times group (Bennett Coleman) is only surprising because it’s also a shareholder in the continuously falling Gitanjali Gems.Foreign investors own 31% of MCX and have lost around 200 cr. today
.
Coming soon: Mutual Funds that owned FT and MCX.
The impact will be felt by many, including many of us who indirectly own stakes through mutual funds which own this stock. Let’s see who’s impacted.The share ended the day at Rs. 191, down 65%, one of the largest falls in a single day for a stock on the exchange.
Shareholders of Financial Technologies
Major shareholders own around 25% of FT. (Only from the last quarterly shareholding pattern as of June 30, 2013)
| Shareholders (FT) | Shares (Lakh) | Impact (Cr) | % of Company |
| Ravi and Bharat Sheth | 37.97 | -132.21 | 8.24% |
| Pivotal Securities (Prof. Mankekar?) | 5.65 | -19.67 | 1.23% |
| FIIs (FT) | |||
| Blackstone | 32.36 | -112.68 | 7.02% |
| Citi Venture Cap | 19.76 | -68.80 | 4.29% |
| Acacia | 14.25 | -49.62 | 3.09% |
| Fidelity | 5.02 | -17.48 | 1.09% |
Shareholders of MCX Limited
MCX – the Commodities exchange and a part owner of MCX-SX – is owned by a large number of players. The stock stayed at the lower circuit at 20% down all day. It’s now half of the IPO price at 510
| Shareholders (MCX) | Shares (Lakh) | Impact (Cr) | % of Company | |
| Times Group | 11.44 | -14.64 | 2.25% | |
| NSE | 12.5 | -16.00 | 2.45% | |
| IFCI | 24.42 | -31.26 | 4.79% | |
| NABARD | 15.63 | -20.01 | 3.06% | |
| Corporation Bank | 15.05 | -19.26 | 2.95% | |
| HDFC Bank | 5.25 | -6.72 | 1.03% | |
| Bank of India | 5.25 | -6.72 | 1.03% | |
| Union Bank of India | 5.25 | -6.72 | 1.03% |
The impact to banks is tiny, but an entity such as the Times group (Bennett Coleman) is only surprising because it’s also a shareholder in the continuously falling Gitanjali Gems.Foreign investors own 31% of MCX and have lost around 200 cr. today
.
| FIIs | Shares (Lakh) | Impact (Cr) | % of Company |
| Blackstone | 10.2 | -13.06 | 2.00% |
| Citi Venture Cap | 19.76 | -25.29 | 4.29% |
| Passport Capital | 25 | -32.00 | 4.90% |
| Fidelity | 25.5 | -32.64 | 5.00% |
| Singapore Govt | 5.5 | -7.04 | 1.08% |
| Intel Capital | 8.27 | -10.59 | 1.62% |
| Merrill Lynch | 14.25 | -18.24 | 2.79% |
| Aginyx Cyprus | 24.42 | -31.26 | 4.79% |
| EuroNext | 24.13 | -30.89 | 4.73% |
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