Maharaja Shree Umaid- At Heavy Discount -Shares to Promoters

Maharaja Shree Umaid has devised clever trick to acquire shares at a fraction of the real worth.

First the holding Company, Placid Limited extended a loan to Maharaja ( which was not required by Maharaja ).

Now , Maharaja wants convert this loan by Promoters in to Equity at  Rs. 36 / 20 p which is a mere fraction of the real value of  share . This would dilute the value Non Promoters' shares. 

Investors please take up the matter with the Company and Company Law Board to get  Non Promoter shareholders move dropped '

PLEASE HELP

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Maharaja Shree Umaid Mills  Delisted in 2015

It is an Asset Laden Company , also , with very valuable land bank , inter alia , in Kota ( Rajasthan )

Promoters are increasing their stake in this Company by various measures including a Rights Issue in 2017 The Company was not in need of any capital , Very few additional shares were allotted to Non Promoters. The unsubscribed portion was nearly taken in whole by the Promoters.

aa

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Maharaja Shree Umaid Delisting - CRISIL ( 2013 ) Fair Value of Rs.246 Per Share

http://www.moneycontrol.com/news/crisil-research/crisil-maintains-valuation-grade55-to-maharaja-shree_839325.html

OLD POST

April 26, 2017

Maharaja Shree Umaid-Rights Allotment-Very Few Additionals

Maharaja Shree Umaid Mills ( which delisted in 2015 @ Rs.90 ) has made allotment in the Rights Issue.

Noteworthy feature is that very few additional shares ( over and above the entitlement ) have been allotted.

This means that Promoters , who already held nearly 92 % of the Equity may have further increased their percentage holding as they may have taken the Rights of Non applicants ( like dormant folios etc )   .

So , Maharaja Shree Umaid may be doing very well.

Apart from its Textile Unit (Pali - Rajasthan ) doing well, it appears that its massive Land Bank ( Kota - Rajasthan ) is , now , free of legal disputes and may be available for Real Estate development . 

The Plot measures 50 acres and in , in 2011, its worth was Rs. 500 crore.

source

http://economictimes.indiatimes.com/news/industry/cons-products/garments-/-textiles/paper-money-to-help-bangur-group-expand-tea-and-textile-biz/articleshow/10422102.cms?intenttarget=no

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OLD POSTs

July 22, 2014

Maharaja Shree Umaid is an asset laden Company belonging to the LN Bangur group with the intrinsic value many times over the current market price ( CMP ) of its share.


In 2011 Maharaja Shree Umaid got a whopping Rs.590 crore by selling its share holding in AP Paper

http://articles.economictimes.indiatimes.com/2011-10-20/news/30301509_1_international-paper-paper-companies-paper-sector

It seems that its Kota ( Rajasthan ) land bank 's legal hurdles  are over and Promoters are seeking delisting to avoid sharing  all benefits  .

source

http://www.rareindianshares.info/2014/07/maharaja-shree-umaid-mills-to-delist.html


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official site 


http://www.msumindia.com

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March 06, 2017

Maharaja Shree Umaid Mills -Rights Issue

Maharaja Shree Umaid Mills ( LN Bangur Group Company ) Delisted around January 2015 @ Discovered Price of Rs.90 /- ( Rs.10 paid up )


Rights Issue in the ratio of 2 : 3 @ Rs.30

Issue Opens 06/03/2017

Issue Closes 21/03/2017
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OLD POST

January 03, 2015

Maharaja Shree Umaid - Delisting -Discovered Price Rs.90

http://www.bseindia.com/xml-data/corpfiling/AttachHis/maharaja_shree_umaid_mills_ltd_020115.pdf

( Please Click + to ENLARGE )

Promoters , now , hold 92 % + of the equity of Maharaja Shree Umaid Mills


Delisting Date to be announced .


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http://www.rareindianshares.info/2014/07/maharaja-shree-umaid-mills-to-delist.html

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It appears some shares of Manharaja Shree Umaid Mills Limited are available with Dealers of Unlisted / Delisted Shares  (Please Recheck this ).

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August 19, 2017

Maharaja Shree Umaid-Annual Report 2017-18
Please click

http://www.msumindia.com/pdf/annual_report1718.pdf

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OLD POST

March 06, 2017

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Shree Umaid Mills -Rights Issue

Maharaja Shree Umaid Mills ( LN Bangur Group Company ) Delisted around January 2015 @ Discovered Price of Rs.90 /- ( Rs.10 paid up )

Rights Issue in the ratio of 2 : 3 @ Rs.30

Issue Opens 06/03/2017

Issue Closes 21/03/2017

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HUM MEHNAT KASH ISS DUNIYA SE

JAB APNA HISSA MANGEY GEY

IK BAGH NAHI; IKK KHET NAHIN

HUM SAARI DUNIYA MANGEY GEY

( Josh Malihabadi )

Saadda Haq , Ethey Rakh

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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

( NB : All information given in good faith. Please recheck all facts including this information . No responsibility taken by this author / blog . )