Bankrupt Companies- Existing Shareholders 's Worth

please click

https://www.bloombergquint.com/law-and-policy/2018/04/21/attention-shareholders-of-insolvent-companies---heres-what-your-papers-worth

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also , please read


Electrosteel Bid- Shareholders Receive Something

http://www.rareindianshares.info/2018/04/electrosteel-bid-shareholders-receive.html

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OLD POST

NCLT should keep the interest of the reaming 1:5% Non Promoter shareholders of Binani Cement Limited
.
Latest Ultratech offers gives these remaining shareholders around Rs. 375 per share. 

It is doubtful if the Dalmia offer , which entails a small haircut for the lenders leaves any thing for the remaining shareholders of Binani Cement.

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old post based on UltrMatech's Old Offer

arch 28, 2018

Rs. 345/Share Ultratech Should Offer to Binani Cement shareholders

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

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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