PLEASE RECHECK / RECALCULATE ALL INFORMATION / FIGURES BEFORE TAKING ANY INVESTMENT DECISION
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Binani Cement - Share Capital : Around Rs. 215 cr ( i.e. 21: 5 cr shares of Rs. 10 each )
Ultratech 's offer for 98:5 % Equity Rs. 7266 cr
Offer per Share : Rs.345 /-
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Caution : The deal is under process.
All calculations are mere conjectures and not very reliable
----------------------
Binani Cement delisted in 2011 at the Exit price of Rs 90 /-
For more on Ultratech 's Offer
http://www.rareindianshares.info/2018/03/binani-cement-bid-ultratech-almost.html
https://www.livemint.com/Companies/qRaIlV3O916mCSCKJSehbI/Binani-Cement-lenders-seek-time-till-2-April-to-weigh-UltraT.html
https://www.bloombergquint.com/insolvency/2018/03/28/binani-cement-lenders-meet-to-decide-on-bidder-in-hand-versus-two-in-the-bush
================
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer.
----------------------
Binani Cement - Share Capital : Around Rs. 215 cr ( i.e. 21: 5 cr shares of Rs. 10 each )
Ultratech 's offer for 98:5 % Equity Rs. 7266 cr
Offer per Share : Rs.345 /-
---------------
Caution : The deal is under process.
All calculations are mere conjectures and not very reliable
----------------------
Binani Cement delisted in 2011 at the Exit price of Rs 90 /-
For more on Ultratech 's Offer
http://www.rareindianshares.info/2018/03/binani-cement-bid-ultratech-almost.html
https://www.livemint.com/Companies/qRaIlV3O916mCSCKJSehbI/Binani-Cement-lenders-seek-time-till-2-April-to-weigh-UltraT.html
https://www.bloombergquint.com/insolvency/2018/03/28/binani-cement-lenders-meet-to-decide-on-bidder-in-hand-versus-two-in-the-bush
================
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer.
2 comments:
Dont you have to exclude the debt (financial & operational) first (5K to 6K), then the remaining money will be for equity stockholders.
Dear @shwind : We feel it is a TAKEOVER by Ultratech from previous Promoters i.e. Binani Industries . So , we feel , it is covered under the Takeover rules whereby the New Promoters have to make a matching offer to remaining Non Promoter shareholders.
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