new post
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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
April 18, 2018
Electrosteel Bid- Shareholders Receive Something
https://www.bloombergquint.com/insolvency/2018/04/17/vedanta-resolution-plan-reduces-electrosteel-shareholders-to-less-than-10
Electrosteel Steels is the first company whose case has been decided in the Insolvency Resolution process.
There appears to be a sizable Hair Cut ( waiver ) of lenders dues.
Still something is left for the Existing shareholders.
So , there appears to be some hope for existing shareholders of companies under Insolvency Resolution even if there is a Hair cut.
Important : This a mere conjecture. Please Recheck Before Taking any Investment Decision.
Electrosteel Steels is the first company whose case has been decided in the Insolvency Resolution process.
There appears to be a sizable Hair Cut ( waiver ) of lenders dues.
Still something is left for the Existing shareholders.
So , there appears to be some hope for existing shareholders of companies under Insolvency Resolution even if there is a Hair cut.
Important : This a mere conjecture. Please Recheck Before Taking any Investment Decision.
================
please , also . click
https://www.livemint.com/Industry/XNQA8uwlUKV3ettg63GclM/Binani-Cement-lenders-deny-UltraTech-bid-to-maintain-sanctit.html
-----------------------------------------
please , also . click
https://www.livemint.com/Industry/XNQA8uwlUKV3ettg63GclM/Binani-Cement-lenders-deny-UltraTech-bid-to-maintain-sanctit.html
-----------------------------------------
old post
please click
----------------------------
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.
-------------------
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
----------------------
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.
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