Yamuna Syndicate Exit Price Only Rs.1845:26p / Rs.100 Paid Up Share

The Yamuna Syndicate Ltd. has came out with exit offer @ Rs.1845/26 per share.

I bring to your kind notice that the said company is holding  44.83 %  i.e. 32,96,526  shares of ISGEC Heavy Engg. Ltd. ( BSE Code : 533033 ) whose today's market rate is Rs.5110/- per share.

The Yamuna Syndicate Ltd.'s share capital is Rs.21164800/- divided into 211648 shares of Rs.100/- each.

 This means every share of The Yamuna Syndicate Ltd. is worth more than -15- shares of ISGEC Heavy Engg. Ltd.

This means holding/fair  value of more than Rs.75000/- per share of Yamuna Syndicate. 

 I am not considering reserves and value of land and building but promoters' is offering Rs.1845/26 per share in exit offer.

Daya Rajiv Maheshwari

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It appears , some Dealers are Buying / Selling Yamuna Syndicate shares at a much higher rate ( Please Recheck this ). 

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http://www.rareindianshares.info/2009/12/yamuna-syndicate-limited.html