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Please , also , read :-
https://www.moneycontrol.com/news/business/nclat-nod-for-ultratech-opens-up-possibilities-in-other-insolvency-cases-including-essar-steel-3167081.html
What is Ultratech's Revised Bid ?
What is Ultratech's Revised Bid ?
Is it an outright purchase of erstwhile Promoters ( Binani's ) stake by Ultratech ?
If so then :-
Will the Non Promoter shareholders get the same rate as Promoters of Binani Cement ?
PLEASE RECHECK ALL THE DETAILS ON THE FINAL TERMS
IN THE MEANWHILE , PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THESE CONJECTURES ETC .
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OLD MAY 2018 POST
Ultratect ' Revised Bid
Thereafter, in a parallel deal, UltraTech had signed an agreement with Binani Industries – the parent company of Binani Cement – to buy its cement assets for Rs 7,266 crore. Over the last two months, it had revised the bid and is now said to be offering nearly Rs 8,000 crore (for Binani Cement), which would cover for all financial and operational creditor dues.
Credit /For More / Source
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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
( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )
Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism
( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )
1 comment:
It seems 1.57% shares of Binani Cement are still held by public shareholders. Considering Ultratech has paid around 8000 crore and the total shares are 188,601,274 of face value 10 (from some old report), I assume the price of one share would above Rs 400. I know it would not be as simple but still I expect the price to be no less than Rs 200. On one of the sites, they are selling Binani Cement shares at Rs 145. Is there any way to find out Ultratech's plan for these public shareholders?
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