December 01, 2022

Dalmia Bharat Refractories- Shareholders Demand Liquidity of Their shares and Fair Returns

Dalmia Bharat Refractories has, despite solemn assurances given during Merger proceedings of erstwhile Dalmia Refractories with Dalmia OCL in NCLT , Chennai , have not got its shares listed in BSE, even after 10 months after the sanction of Merger.

Shares of Dalmia Bharat Refractories are currently listed in Calcutta Stock Exchange and Metropolitan Stock Exchange , both of which are Non Operational. 

Dalmia Bharat Refractories had recently made a massive windfall profit by selling its 5 Indian Units , for more than 1700 crore , to RHI Magnesita India.

In order to get a fair share of this bonanza , Public shareholders of Dalmia Bharat Refractories are , also , demanding a Buyback offer . NAV of one share of Dalmia Bharat Refractories has been worked out to be around Rs.600 - Please Recalculate Independently also.

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Shareholders of Dalmia Bharat Refractories have proposed amendments of the Sale agreement so that they get directly shares of RHI Magnesita India

Amended Scheme

  1 Dalmia Bharat Refractories first transfers its retaining 3 units in China and Germany and Dalmia Bharat Refractories' substantial Equity holding of Dalmia Bharat 's shares to Dalmia Bharat Refractories ' subsidiary Dalmia   OCL Ltd.

2  Shareholders of Dalmia Bharat Refractories be allotted shares of Dalmia OCL proportionately. Dalmia OCL should then be listed on stock exchanges

3 Dalmia Bharat Refractories would be left with 5 Indian units, valued at Rs 1700 crore ,which are proposed to be sold / transferred to RHI Magnesita India.

Then Dalmia Bharat Refractories should be merged with RHI Magnesita India.

4 Shareholders of Dalmia Bharat Refractories be given shares of RHI Magnesita.

This way shareholders of Dalmia Bharat Refractories would get a fair value and they will also get an Exit option.

For details of the Original scheme now being amended by shareholders of Dalmia Bharat Refractories , please click the link -.

https://www.bseindia.com/xml-data/corpfiling/AttachLive/62279cca-2887-4e68-a632-bd1def8d9c23.pdf

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Blog Comments

 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 any investment decision. No responsibility with this Blog or Blog Writer.

Sandip Ginodia Altius's Message on NSE as a Pre IPO Investment -- Message Received

BLOG DISCLAIMER ;  MESSAGE AS RECEIVED
 

PLEASE ALSO RECHECK INDEPENDENTLY. NO BLOG RESPONSIBILITY . PLEASE ALSO RECHECK INTERDEPENDENTLY

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MESSAGE

 

 

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2nd Floor Room No - 204
Kolkata - 700013
abhishek@altiusinvestech.com
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Blog Comments 

 

Blog  Caution  

 
Two Way Quotes ( i.e simultaneous Buying / Selling Rates ) given by Dealers  may be Incorrect.



Investors, please, Recheck from Independent
Please , also , read


http://www.rareindianshares.info/2017/09/dealers-two-way-quotes-can-be.html

 

Dealers of Unlisted / Delisted Shares

Please  click the link  For Many  Dealers' Contact List

http://www.rareindianshares.info/2021/05/dhruval-shah-selling-metropolitan-stock.html

 Dealers of Rare Indian Shares 

Sambhav Aggarwal


Arms Securities


Tel      : +919899131155
MANISH 

9958006642


3A CAPITAL SERVICES



Contact: 022-67809990
Toll Free: 1800 209 2929
Visit: www.3aindia.com for online Sale/Purchase



Narottam 


0810 823 4400 , email buysellunlistedshares@gmail.com
Website:   buysellunlistedshares.com

Hardik kumar Rabara, Aqua proof wall plast pvt ltd (Anand Rathi group company) 8980740163 Email hardikkumarrabara@rathi.com.
ANIL GOEL

09896444123
 NILESH KOTAK


08866004076 - Whatsapp also 

InvestorZone  ,232/12, New Kot Gaon, Ghaziabad, ,Dinesh Gupta, Partner
(m)08010009625,email: sales@unlistedzone.com  Website https://unlistedzone.com/


DHARAWAT 

08108303330 or  dharawat1@gmail.com


SANDIP GINODIA
9830271248
OPPOSITE HIND CINEMA, NEAR AXIS BANK
73a, GANESH CH AVENUE, 2ND FLOOR, KOLKATA-700013


Vipul Gandhi
Gandhi Associates

25, New Jagnath, Saptabhumi Apt., (GF) 

Rajkot-360001

Phone : + 91 - 281 324 6757 / 329 6757
(m)  093755- 77007
Email  : unquotedshares@yahoo.com 

Web : www.unquotedshares.co.in 

.
Dilip Surana
Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No  044-42371148
Mobile 9840278351      95000 95121
dilipmsurana@gmail.com


IP Gupta M.Sc,MBA,( Faridabad ) ,also consultants for problematic transfer cases - m- 9971104447
 

M/s Nadar Securities - https://nadarsecurities.com/home


 Important Blog Request 
Because of technical reasons we are unable to our full list of Dealers.
Please do click on this link for  our full list

Complete List of Dealers
 .

Please  Must CLICK the link  For Many  Dealers' Contact List

http://www.rareindianshares.info/2021/05/dhruval-shah-selling-metropolitan-stock.html

Three Additions To The Previous List

 1. Tarun Jain ,+91-9716719433 ,+91-9968510065
tarun90.jain@gmail.com

 2. www.altinven.com

3  https://blog.unlistedkart.com/