Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

A chartered management accountant with more than 10 years of rich experience in investment research and financial analysis. Worked as an equity analyst for one of the world's largest asset managers with USD2.5trn in AUM covering numerous sectors including chemicals, retail, tech, autos, telco, real-estate and banks, globally. Experienced in fundamental equity research, industry research, commodity studies, forensic accounting, and due diligence reviews.

Equity Analyst

Takeda Sells Japan OTC Business to Blackstone; Last of Its Non-Core Asset Sales to Raise US$10bn

Vodafone Idea Explores Fundraising Options to Pay off Its Enormous Debt and AGR Dues

Double Standard: SBI Financial Services Alliance and Aster Stake Increase Revive Growth

Reliance-TikTok: Possible Realisation of Mukesh Ambani’s Dream of a Technology-Driven Company

ByteDance: TikTok Ban in India Casts a Shadow on IPO

Jio Bags More Foreign Investors; What’s Next?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Microsoft: TikTok Deal Could Be a Strategic Fit but Rumoured Deal of US$10-30bn Seems Overvalued

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Event-Driven

<ul>
<li>Reliance Industries announced on Tuesday (18th August) that its subsidiary, Reliance Retail Ventures has acquired a majority equity stake in Vitalic Health and its subsidiaries (collectively known as Netmeds).</li>
<li>The investment represents 60% holding in the equity share capital of Vitalic and 100% direct equity ownership of its subsidiaries for a total consideration of INR 620crores (about US$83m).</li>
<li>TechCrunch states that Reliance plans to expand its ownership in Vitalic to at least 80% by April 2024 and the company holds rights to own 100% in the future.</li>
</ul>


Reliance Industries announced on Tuesday (18th August) that its subsidiary, Reliance Retail Ventures has acquired a majority equity stake in Vitalic Health and its subsidiaries (collectively known as Netmeds).
The investment represents 60% holding in the equity share capital of Vitalic and 100% direct equity ownership of its subsidiaries for a total consideration of INR 620crores (about US$83m).
TechCrunch states that Reliance plans to expand its ownership in Vitalic to at least 80% by April 2024 and the company holds rights to own 100% in the future.


Reliance: Acquisition of Stake in Netmeds to Strengthen JioMart’s Position in the E-Commerce Space