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According to investment declarations made by his wife Jaya Bachchan, in her capacity as Rajya Sabha member in 2009, Bachchan has investments worth 121.9 crore in companies and about 3.15 crore in bank deposits, apart from other assets. Bachchan, when contacted, declined to comment on his investments. And an email query sent to his office remained unanswered.
Both Birla Pacific Medspa and Fineotex Chemicals got listed on the exchanges this year. The 65-crore Birla Pacific IPO hit the market in July, with an offer price of 10. The issue debuted on the exchange at 10.10 and is currently trading at 12.
Fineotex launched its 30-crore public offering in March at an offer price of 70. The stock is currently trading at 108 on the BSE. The speciality company has reported 1.4 crore profits on 7.5 crore worth of revenues in the June quarter.
"Amitabh Bachchan, I think, became our shareholder after the IPO... He's a general shareholder. We've not interacted with him or his advisors prior to his buying our shares. It was a secondary market purchase; we really don't have much role in it," said Khyati Mashru, company secretary of Birla Pacific Medspa, which is a Yash Birla Group company and operates a health-cum-beauty chain.
Echoing Khyati, Mary Monica Braganza, company secretary of Neuland Laboratories said, "Bachchan is just one of our many shareholders. He's not related to the company or its promoters in any other way." Fineotex officials were not available for comments.
Some city-based money managers, who track investments, say 'Big B' has investments in most Sensex stocks and other mid-cap companies. His mode of investments is reportedly skewed towards education, media & entertainment, FMCG and healthcare sectors.
Of his several bets, his investment in Reliance Power has not yielded any results. Bachchan had reportedly invested in Reliance Power at the time of IPO, at 430 per share. The stock, post bonus, is currently trading at 91.70 on the BSE.
Cash-rich superstars make their investments in regulated asset classes through chartered accountants and banks, the wealth manager close to Bachchan's accountant, said. Relationship managers of big private banks often peddle structured investment products to stars, but such products rarely find takers among successful stars who employ advisory services.
Apart from stocks, bonds and bank accounts, Bollywood stars invest in real estate in a big way. Some of them have bought living pads in cities like Dubai, London and New York, the wealth manager said.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
He's never away from the glare. Whether he's coming out of a hospital holding his granddaughter, a midnight stroll to Siddhivinayak temple or even a simple tweet on Aishwariya's daughter - people just cannot seem to have enough of Amitabh Bachchan.
There's very little that one doesn't know about Big B - his films, his poetry, his TV show Kaun Banega Crorepati, his misadventure with ABC Corp, his life-threatening accident on the sets of Coolie, his baritone and bungalows.
But there's something about Big B (not the Big Bull of stock markets) that's not so well-known, or well documented - his equity investments.
Curiously, at a time when the world's in a selling mode, Bachchan has picked up a few stocks. Last week, the actor bought three lakh shares of Fineotex Chemicals through open market purchases on the BSE. He bought 1.1 lakh shares of the company in two tranches at 170.08 and 170.85 per share, respectively. The actor seems to have averaged out when he bought another bundle of 80,000 shares at 149.24 two days later.
According to Capitaline database, post the bulk purchases, Bachchan holds 1.2% shares in Fineotex Chemical, a company that deals in speciality chemicals.
Apart from Fineotex, Bachchan also holds significant stakes in Birla Pacific Medspa and Neuland Labs, where he holds 1.4 and 1.7%, respectively. Till early 2010, Bachchan held 3.6% stake in Energy Development Company, an electric utilities company promoted by friend and Rajya Sabha member Amar Singh.
According to a Mumbai-based wealth manager, who knows an accountant servicing the Bachchans, the actor has investments in several smaller listed and unlisted companies.
There's very little that one doesn't know about Big B - his films, his poetry, his TV show Kaun Banega Crorepati, his misadventure with ABC Corp, his life-threatening accident on the sets of Coolie, his baritone and bungalows.
But there's something about Big B (not the Big Bull of stock markets) that's not so well-known, or well documented - his equity investments.
Curiously, at a time when the world's in a selling mode, Bachchan has picked up a few stocks. Last week, the actor bought three lakh shares of Fineotex Chemicals through open market purchases on the BSE. He bought 1.1 lakh shares of the company in two tranches at 170.08 and 170.85 per share, respectively. The actor seems to have averaged out when he bought another bundle of 80,000 shares at 149.24 two days later.
According to Capitaline database, post the bulk purchases, Bachchan holds 1.2% shares in Fineotex Chemical, a company that deals in speciality chemicals.
Apart from Fineotex, Bachchan also holds significant stakes in Birla Pacific Medspa and Neuland Labs, where he holds 1.4 and 1.7%, respectively. Till early 2010, Bachchan held 3.6% stake in Energy Development Company, an electric utilities company promoted by friend and Rajya Sabha member Amar Singh.
According to a Mumbai-based wealth manager, who knows an accountant servicing the Bachchans, the actor has investments in several smaller listed and unlisted companies.
According to investment declarations made by his wife Jaya Bachchan, in her capacity as Rajya Sabha member in 2009, Bachchan has investments worth 121.9 crore in companies and about 3.15 crore in bank deposits, apart from other assets. Bachchan, when contacted, declined to comment on his investments. And an email query sent to his office remained unanswered.
Both Birla Pacific Medspa and Fineotex Chemicals got listed on the exchanges this year. The 65-crore Birla Pacific IPO hit the market in July, with an offer price of 10. The issue debuted on the exchange at 10.10 and is currently trading at 12.
Fineotex launched its 30-crore public offering in March at an offer price of 70. The stock is currently trading at 108 on the BSE. The speciality company has reported 1.4 crore profits on 7.5 crore worth of revenues in the June quarter.
"Amitabh Bachchan, I think, became our shareholder after the IPO... He's a general shareholder. We've not interacted with him or his advisors prior to his buying our shares. It was a secondary market purchase; we really don't have much role in it," said Khyati Mashru, company secretary of Birla Pacific Medspa, which is a Yash Birla Group company and operates a health-cum-beauty chain.
Echoing Khyati, Mary Monica Braganza, company secretary of Neuland Laboratories said, "Bachchan is just one of our many shareholders. He's not related to the company or its promoters in any other way." Fineotex officials were not available for comments.
Some city-based money managers, who track investments, say 'Big B' has investments in most Sensex stocks and other mid-cap companies. His mode of investments is reportedly skewed towards education, media & entertainment, FMCG and healthcare sectors.
Of his several bets, his investment in Reliance Power has not yielded any results. Bachchan had reportedly invested in Reliance Power at the time of IPO, at 430 per share. The stock, post bonus, is currently trading at 91.70 on the BSE.
Cash-rich superstars make their investments in regulated asset classes through chartered accountants and banks, the wealth manager close to Bachchan's accountant, said. Relationship managers of big private banks often peddle structured investment products to stars, but such products rarely find takers among successful stars who employ advisory services.
Apart from stocks, bonds and bank accounts, Bollywood stars invest in real estate in a big way. Some of them have bought living pads in cities like Dubai, London and New York, the wealth manager said.
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