Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Narayana Murthy's Catamaran Ventures enter Wonderla Holidays with 4.37 lakh shares

24 Jun 2016Aakash Agarwal1 min read

Quick Facts

What is "Narayana Murthy's Catamaran Ventures enter Wonderla Holidays with 4.37 lakh shares" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 24 June 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: WONDERLA
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.

Wonderla Holidays are one of the largest amusement park operators in India with over 16 years of successful operations. The company operates three largest amusement parks in Kochi, Bangalore and Hyderabad under the brand name Wonderla.

Catamaran Management Services Private Limited or Catamaran Capital (partnered with Amazon US to start India operations with a 50:50 JV under the Cloud Tail Services name) has bought a significant stake in the company today.

This stake was sold by TVS Shriram Growth Fund 1B - one of the anchor investors during the company’s IPO. TVS Shriram Growth Fund 1B sold 454,886 shares representing 0.81% while Catamaran purchased 437,539 shares or 0.78%.

This transaction was executed at a price of Rs. 386/- per share thereby valuing the deal at Rs. 16.5 crore.

Here are the other holdings of this fund:

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.

Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.