Fame India

Posted on behalf of Hitesh Patel, of Hitstocks fame

Fame India, where Inox got majority holding from promoters and from markets (open offer) at around 51 Rs after which ADAG group jumped in and bought a lot of shares at around 83 per share through open offer. Announcement is there on bse. Inox currently has slightly above 50% holding as of now. again announcement on bse. Now the tricky thing is the conversion of FCCBs issued by fame which are slated to get converted at a price of 107. Now if somehow ADAG acquires these fccbs, it will be in majority control. So things could get real interesting. cmp is around 47 per share.

Hitesh,

The shareholding pattern as of Dec 31 is as follows: BSE Link. Post this on Jan 17 2011 Reliance Capital bought 73,20,236 shares more totalling 123,68,952 shares or 35.39% of total shares.

Media doesnt seem to have reported on this Jan 2011 acquisition by Relaince Cap. All reports are of Feb-Aug 2010 timeframe.

Can you throw more light on what is the shareholding picture between the two camps, right now?

-Donald

FAME INDIA LTD.

Scrip Code :532631

Quarter ending :December 2010

Shareholding belonging to the category

"Public" and holding more than 1% of the Total No.of Shares

Sl. No.

Name of the Shareholder

No. of Shares

Shares as % of Total No. of Shares

1

SCB A/c South Yarra Holding Inox Escrow A/c

15,057,751

43.09

2

Reliance Capital Ltd

5,549,137

15.88

3

KCPL a/c Fame Oper Offer Escrow Account

3,444,340

9.86

4

Inox Leisure Ltd

2,507,537

7.18

5

Religare Finvest Ltd

1,397,554

4.00

6

Shail Investments Pvt Ltd

753,959

2.16

7

B Arunkumar Capital & Credit Services Pvt Ltd

550,030

1.57

8

The Indiaman Fund Mauritius Ltd

480,000

1.37

9

Money Matters India Pvt Ltd

392,210

1.12

10

Ratnabali Capital Markets Ltd

381,585

1.09

Total

30,514,103

87.32