Sivashankaran is considered to be a smart investor who buys and sells companies at the right time and at the right price.
In 2004, Sivashankaran bought a 65.4% equity stake in the Barista coffee chain from Turner Morrison for Rs 30 crore and in March 2007 sold the entire stake to Lavazza of Italy for a cool Rs 480 crore.
Earlier in 2009, Sivashankaran had bought a 66% stake in Hindoostan Mill land, in Central Mumbai for Rs 310 crore from DLF, when the real estate sector was undergoing lot of liquidity crisis. The land is expected to fetch him at least Rs 1500 crores as of now. This should give an idea about Sivashankaran's investment ability.
the guy who has successfully helped remove Maran from the cabinet. He took his time, though.
ReplyDelete• Crude Oil December and Brent Oil January series are also down over 0.5 percent each at $ 45.12 and $ 46.27 a barrel, respectively.
ReplyDelete• Natural Gas December expiry is almost unchanged at $ 2.697.
MCX Crude Oil tips