Basic Question about the process of Merger Can someone throw more light on what happened here?

• Majority(3/4)th in value approved while
• 3/4th in number of shareholders did not approve…

Since retail shareholders would constitute the majority here, it seems we the retail investors did not approve, i wonder why?

I did not vote, and may not be wrong in assuming majority of the public/retail investors would not have voted… neither for nor against the motion of merger… And if its a SEBI mandate, i wonder how do mergers actually go through…

My investment thesis in butterfly was the near 10% arbitrage with CGConsumer, which now is dead! So have to reassess the growth potential specially given the new shareholding pattern.
On one hand CG Consumer on board should definitely be a plus but on the other the old owner promotors being out would that be negative?

Quick glance at ROCE and valuations comparison with TTK Prestige suggests, it is trading not too expensive, but growth has been weak in general for both!

Appreciate any inputs…

Good set of numbers from Cochin shipyards. Net profit up 61% Revenue up 48% Stock split 2:1 and Interim dividend Rs 6 per share announced

CAMS Q2 Result,
YoY:

• Revenue at Rs. 275.08 crores, 13.5% on y-o-y basis
• PBT* at Rs. 113.28 crores, 16.8% on y-o-y basis
• PAT* at Rs. 84.51 crores, 17.1% on y-o-y basis, PAT margins @ 29.7%

QoQ

• Net profit up 11% at ₹84 cr vs ₹76 cr
• Revenue up 5% at ₹275 cr vs ₹261 cr
• EBITDA up 11% at ₹122 cr vs ₹110 cr
• Margin at 44.4% vs 42.1 %

My Take
Growth is muted, as compared to CDSL. Would expect better Q3 results on account of:

• Zerodha AMC and 3 other Mutual Funds wins
• CAMSPay UPI and KRA
• Think360AI (Generative AI Play)

Disclaimer: Invested 5%
https://www.bseindia.com/xml-data/corpfiling/AttachLive/d3dc33ac-36e7-4cf2-8e87-79df765c9447.pdf

Jyothy Labs Q2FY24 Concall Summary

Holding in SGB has gone down to 18% of the portfolio. Have added Aegis logistics and EIH ltd. Wanted to play the hotel theme for long long time, will rue missing Indian hotels in 2 digits. But those were early days and the portfolio size that time was 1/10th of what its now. Had to sell SGB as I’m not able to add funds to the portfolio so capital reallocation happening the time being. Quite optimistic on the Indian growth story. Huge risk for the time being 1. Geo political risk. War contagion worsening. 2. West going into stagflation mode due to the high interest rate and high inflation scenario. If the market crashes further the SGB allocation will down further. (little counter intuitive though. Gold is supposed to do well in risky times).Realized off late Gold prices are highly manipulated. Especially living in a country like ours where there is a vibrant economy we can worry less about the currency risk. Having said that Gold has served its purpose and I had 22-24% return in this 2 yrs.