By Manoj Govindassamy - { 16/12/10 }
Siva’s latest investments – Sujana Towers, Karuturi Global, KS oils, Ruchi Soya, Arihant Housig
Year 2010 is one of the busiest years for smart investor, serial entrepreneur and NRI businessman C Sivasankaran. Unlike recent years, he has invested in quite a good number of companies across various business verticals this year.
The latest investment by Siva’s business group is in a telecom tower company. Siva Group’s privately-held entity Siva Projects Engineering and Enterprises Limited (SPEEL) has acquired 1.5% for around Rs. 20 crore Sujana Towers a company which is engaged in manufacturing telecom and power towers, mobile communication towers, their operations & maintenance and related services.
Earlier to this investment, Siva group bought 2.99% stake in Bangaluru based floral company Karuturi Global. Karuturi which is world’s largest Rose producer in turn acquired 54% stake in mumbai based Florista – a floral design boutique store spread across India.
His investments for this year didn’t stop with telecom and forticulture sector. Earlier to these investments he made series of investments in Agriculture domain. His business house raised the its holdings to 11% in india’s largest Soya producer and edible oil company – Ruchi Soya. Also, his business group hiked its stake in Madhya pradesh’s edible oil maker KS Oils to over 8%.
Around June, he picked up 13% stake in Chennai based realty company – Arihant Foundations and Housing. After his entry, stocks this realty firm skyrocketed and gave investors 30% returns in jut over 3 weeks.
Well, 2010 has indeed been investment year for C Siva and his group. Will he make multibagger exits from these companies in a few years time ? If we go by Siva’s history of turning up loss-making ventures into huge profit, these new investments should fetch his group manyfold returns.
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