Indiabulls Ventures(securities)--Madhusudan Kela buys 35 lakh shares. Insight?

I have been following this website to get ideas. Great work- I must say. My go to place for reading about stocks.
I own Indiabulls securities. Their results have been all over the place and I have never really understood how well they are doing. Have held on to the stock because of dividend yield of 10%.

Just going over their shareholding pattern for March saw Madhusudan Kela(I am hoping Reliance Capital) owning 35,00,000 shares in his personal capacity. These have been bought between Jan and March. Does anyone have any insight into this or any info about the stock??

Lukesh

 

I know the stock/group reasonably well. I have been in all their stocks for 10 years now (since the IPO). It has been quite a roller coaster.
About IBVentures, I think they are slowly doing other things than broking. They bought a 600cr building in Chennai in Nov-dec. Apparently, they bought another company this quarter (some Positive Housing Pvt. Ltd).
they have changed their name to IB Ventures from IB Securities.

They sold a stake in Copal Partners earning them 100cr odd in profit last year which I thought was funding their dividend. I was hoping to see end to their constant dividend from this quarter as their broking business has been slowing down but they came up with this amazing number. I was preparing to get out of this one and I am happy I didn't.
Today, I was going over their shareholder list and I couldn't believe Madhusudan Kela owning 35lakh shares.

I have been following this website articles for close to a month and today was the first time, I ventured into forum section. Hope to contribute more and learn more.

Lukesh