Mac Charles India- Will it See Value Unlocking ?

Mac Charles India has been taken over by New Promoter ,Jitu Verwani.

New Promoters would make an Offer for Purchase , in December 2016 , of balance 25 % from the Public @ Rs.670 / share

But there would be no Delisting

Please read Clause 6 , Page 13 of the  Draft Letter of Offer

http://www.moneycontrol.com/stocks/reports/mac-charles-updatesopen-offer-5303041.html

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There is discussion going on in Investors ' Circles  that Mac Charles India would see Value Unlocking , may be by way of Mergers / Demergers . 

Investors feel that may be the quoted  market price may exceed the offer rate. 

May be strategic partners may be brought in. Like the value unlocking done when Vijay Mallya brought in foreign partners in United Breweries ,McDowell etc. Value unlocking , in the last one year has been done by Max India ( of Analjit Singh group )

Mac Charles India is Asset Laden

1 ) 5 Star Hotel - Le Meridien in Bangalore

2 )   2 lakh square feet of commercial space in Bangalore `s prestigious Embassy TechSquare be worth ?

This is the size of Mac Charles ( India ) ownership in new Promoter Jitu Verwani`s Embassy Tech Square. 

Source Top Lines of Page 19 of the Draft Letter of Offer 

http://www.moneycontrol.com/stocks/reports/mac-charles-updatesopen-offer-5303041.html

For more on Embassy TechSquare, Bangalore :-

http://www.embassyindia.com/html/projects/commercial/embassy_techsquare.html

http://www.embassyindia.com/html/projects/commercial/parks/techsquare/page_techsquare_bizpark.html

3 ) Mac Charles ,owns a 3 star hotel in Kochi namely Golf Links Hotel And Suites .

.4 ) Further Mac Charles has purchased Land to set  up a 5 Star Hotel in Kochi. 

http://economictimes.indiatimes.com/opinion/interviews/will-soon-set-up-a-five-star-hotel-in-kochi-ms-reddy-mac-charles-india/articleshow/52291475.cms

5 ) In 2001 - The Company has acquired 39.67 per cent equity shares (1,19,02,107 No. of equity shares of Rs 10 each) of the total issued and paid-up equity share capital of 3,00,00,000 equity shares of Rs 10 each of Bramha Bazaz Hotels Ltd, Pune, which owns Hotel Le Meridien, Pune.

6 ) In 2002- Mac Charles (India) acquires 100% stake in two private companies. 1. Vaswani Properties Pvt. Ltd. - 90000 equity shares of Rs.10/- each 2. Vaswani Investments and Holdings Pvt. Ltd. - 50000 equity shares of Rs.10/- each.

7 ) Mac Charles owns Wind Turbine electricity generators which give the Company a steady income. 

8 ) Huge Investments , including a,Inter Corporate Deposit of Rs.35 crore ( bottom lines ) to the new Promoters, Page 18 , Letter of Offer

http://www.moneycontrol.com/stocks/reports/mac-charles-updatesopen-offer-5303041.html

For more on Jitu Verwani , New Promoter :-

http://www.forbesindia.com/column/column/jitu-virwani-the-smart-builder-and-quintessential-entrepreneur/43091/1 

official site :-

http://www.maccharlesindia.com/

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NEW POST

November 08, 2016

Mac Charles - Rs.670/ Share- Is it Full Consideration ?

An Investor Writes

 Regarding the deal of Le Meridian Pune, Pardhanini has shown it as disputed deal, which after 2 years he shows that the company got back the amount of investment (only) in a settlement without any interest/dividend/penalty.  

But the sale of promoter's (Pardhanini) complete holding in the company to another Jitu Verwani creates a big doubt. 

Has any other big amount ,also , changed hands ?

 He has made a similar settlement in Pune case where he shown up recovery of invested amount only, which is impossible in the case of real-estate value within two years becomes double.

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Disclaimer : Please do not take any Investment Decision based on the above stated facts. 

These may be only conjectures

Please only do a further study.

General Warning : Investment in Shares Can be Injurious to Your  WEALTH 

Caution :The blog writer has personal/ family members' holdings in this company , so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )