Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

BPCL - Thoughts on the Potential Government Stake Sale

Event-Driven

The Government of India has already blown through the estimated full year fiscal deficit in the first seven months of the financial year due to lower than expected revenues and higher expenditure. To bridge the fiscal deficit and keep it within 3.4% of GDP, the Government is looking to sell its stakes in various PSUs to raise cash.From announcements made so far, the Government is looking to sell stakes in <a href="https://www.smartkarma.com/entities/bharat-petroleum-corp-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:10222:1">Bharat Petroleum Corp (BPCL IN)</a>, <a href="https://www.smartkarma.com/entities/container-corp-of-india-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:17912:1">Container Corp Of India (CCRI IN)</a> and <a href="https://www.smartkarma.com/entities/shipping-corp-of-india-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:2396:1">Shipping Corp Of India (SCI IN)</a>. <a href="https://www.smartkarma.com/entities/bharat-petroleum-corp-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:10222:1">Bharat Petroleum Corp (BPCL IN)</a> and <a href="https://www.smartkarma.com/entities/shipping-corp-of-india-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:2396:1">Shipping Corp Of India (SCI IN)</a> have rallied on news of privatisation and removal of the overhang of piecemeal divestment.In this Insight, we look at other stocks that the Government of India holds majority stakes in that they could sell. This should cause some of the stocks to re-rate and could provide decent returns to investors.

The Government of India has already blown through the estimated full year fiscal deficit in the first seven months of the financial year due to lower than expected revenues and higher expenditure. To bridge the fiscal deficit and keep it within 3.4% of GDP, the Government is looking to sell its stakes in various PSUs to raise cash.From announcements made so far, the Government is looking to sell stakes in Bharat Petroleum Corp (BPCL IN), Container Corp Of India (CCRI IN) and Shipping Corp Of India (SCI IN). Bharat Petroleum Corp (BPCL IN) and Shipping Corp Of India (SCI IN) have rallied on news of privatisation and removal of the overhang of piecemeal divestment.In this Insight, we look at other stocks that the Government of India holds majority stakes in that they could sell. This should cause some of the stocks to re-rate and could provide decent returns to investors.

NTPC Ltd

India - Stake Sale Candidate Shortlist