Mavi Investment Fund's Holdings

vasa1 · #1 28th April 2009, 09:59 AM

This is a list of stocks in which the term Mavi figures in the holder of more than 1% stake as on 31/-3/2009.

As Alchemist pointed out here, some of these stocks may be held by Nirmal Kotecha.

.

Of course, reader please confirm before acting!

Code:

COMPANY        NO OF SHARES        % OF THE TOTAL SHARES
ADANIENT        8155692        3.31
ALEMBICLTD        2577138        1.88
BIRLAPOWER        3420000        8.05
BSELINFRA        1261936        1.53
DHANBANK        3000000        4.68
GTL        1733615        1.83
HINDDORROL        1030000        2.86
JSWSTEEL        3920000        2.1
MLL        5175644        2.19
MONNETISPA        2162735        4.51
MSKPROJ        300000        1.31
PEARLGLOBL        560585        6.82
PNC        1000000        6.91
POCHIRAJU        723288        4.04
QUINTEGRA        1043358        3.89
RAJESHEXPO        6394989        2.49
RELIGARE        1141496        1.5
SELMCL        1650609        9.62
SICAL        701443        1.77
SOMATEX        5650000        17.1
SURAJDIAMN        2060177        4.7
VISASTEEL        4998087        4.54

Can't get the format right

Alchemist · #2 28th April 2009, 05:53 PM

Mavi Investment Fund is based in Mauritius and so it isn't easy to determine who really are the investors in Mavi.

According to SEBI's site, it is a sub-account of M.M. Warburg Bank.

Quote:

69.Name MAVI INVESTMENT FUND LIMITED
Registration No. 2005020
FII Name M.M. WARBURG BANK (SCHWEIZ) AG

http://www.sebi.gov.in/SubAccount.jsp?subIndxName=M

moneycontrol.com says Kotecha is an investor in Mavi Investment Fund:

Quote:

Mavi Investment, is basically the front end - one company is a key vehicle for questionable market operations – we don’t know because it is set up in a tax haven and the market buzz is that many diamond operators, diamond merchants and brokerages, including Nirmal Kotecha have stake in Mavi Investment and through which money is routed back to India.

http://www.moneycontrol.com/india/ne...dentity/394933

Mavi Investment fund is an active participant in IPO markets - especially the smaller IPO's.

Alchemist · #3 22nd September 2011, 09:31 AM

SEBI has barred Mavi Investment Fund from dealing in Indian stock markets.

This should have been done long back.

A total of 10 entities have been banned till further orders.

Quote:

C. order that following person/entities shall not deal in securities or instrument with Indian
securities as underlying, in any manner whatsoever, until further orders;

1) India Focus Cardinal Fund, Sub-Account (PAN : AABCI9518D)
2) MAVI Investment, Sub-Account (PAN : AAECM5148A)
3) KII Limited, Sub-Account (PAN : AACCK8021E)
4) Sophia Growth - A share Class of Somerset India Fund, Sub-Account (PAN : AABCI9518D)
5) European American Investment Bank Ag, FII (Sebi Registration No:INASFD211608)
6) Basmati Securities Pvt Ltd (PAN : AAACB4324K)
7) Oudh Finance & Investment Private Ltd (PAN : AAACO3597K)
8) Alka India Ltd (PAN:AABCA6702F)
9) SV Enterprises (PAN: ACRPP5552H)
10) JMP Securities Pvt Ltd., in capacity of a client to other intermediary or in proprietary account (PAN:AAACJ8850C)

7 listed companies have been asked not to issue any more shares.

Quote:

D. direct following companies not to issue equity shares or any other instrument convertible into equity shares or alter their capital structure in any manner till further directions in this regard;

1) Asahi Infrastructure & Projects Ltd
2) IKF Technologies Ltd.
3) Avon Corporation Limited
4) K Sera Sera Ltd
5) CAT Technologies Ltd
6) Maars Software International Ltd
7) Cals Refineries Ltd.

SEBI's complete investigation report can be read here:

http://www.sebi.gov.in/cms/sebi_data...6607187418.pdf

kris_mar · #4 13th December 2011, 10:28 PM

Nirmal Kotecha: On the run? - Moneylife.