Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Franklin Templeton exits Career Point with stake sale to Fidelity Global

6 Apr 2016Aakash Agarwal1 min read

Quick Facts

What is "Franklin Templeton exits Career Point with stake sale to Fidelity Global" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 6 April 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Franklin Templeton
What does the "[Career Point Limited](http://snap.capitalmind.in/#/nse/CAREERP)" section say?: Career Point was incorporated to impart quality education to students preparing for various competitive examinations. The Company has diversified business operations with multiple product offerings including Test Preparation, Schools (Pre-schools and K12), Technical Campuses, and Private Universities in multiple geographies.
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Career Point Limited

Career Point was incorporated to impart quality education to students preparing for various competitive examinations. The Company has diversified business operations with multiple product offerings including Test Preparation, Schools (Pre-schools and K12), Technical Campuses, and Private Universities in multiple geographies.

Franklin Templeton Asset Management which brought its shareholding down to 137,618 shares or 0.76% as highlighted in our earlier post, sold 175,000 shares or 0.96% thereby removing the stock from its PMS account.

This stake was purchased by Fidelity Global Equities Fund which already held 1106300 shares or 6.10% through Fidelity Fund- Asian Smaller Companies Pool (FII) and Fidelity Asian Values Plc (FII) has now purchased part stake of the above sale i.e. 170,891 shares or 0.94%.

With this purchase its stake is now increased to 1,277,191 shares or 7.04%. Other Big investors in the company include Akash Bhanshali aka Big Whale.

Career Point Fidelity Franklin Templeton April 2016

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.