April 21, 2013

Rhodia Speciality Chemicals ( Albright And Wilson ) Open Offer / Delisting ??

28/01/2016
In a surprising  move , Rhodia Specialty , has unilaterally closed the Exit Period prematurely.

This is illegal and should be challenged before SEBI and National Company Law Board as Exit Period cannot be closed prematurely..

In its eagerness to kick out remaining loyal   Non Promoter share holders Rhodia Speicialty Chemicals is resorting to selective Reduction of share capital to compulsorily buy out the Non Promoter shareholders a la Cadbury India style.

The rate at which this Compulsory Buy Out is Rs. 1200 , same as was offered at the time of Delisting 2 years ago.

http://www.rareindianshares.info/2016/01/rhodia-specialty-kicking-out-remainder.html


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After receiving approval from The Hon'ble Bombay High Court , Rhodia Speciality has cancelled the shares of Non Promoters  ( total 55,681 shares and paid them @ Rs.1200 Per Share , in June , 2016 .

Now , entire holding of Rhodia Speciality Chemicals is with Promoters 
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OLD POST


Important Note : Promoters are Buying Shares of Rhodia uptill 31 / 10/2016 @ Rs.1200 Per Share ( Discovered Price )


Please refer to :-


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Rhodia Specialty Chemicals - Big Expansion

Rhodia Speciality ( Albright and Wilson ) delisted in 2014 ( @ 1200 )

Belgian Promoters Solvay have great plans for Rhodia . They are making it a Global production base for its Novecare products .

Please study the links :-

http://www.business-standard.com/content/b2b-chemicals/solvay-expands-capacity-of-novecare-s-surfactant-plants-in-india-115100500598_1.html?src=email

http://www.solvayindia.in/en/solvay-in/rhodia-specialty-chemicals-india-limited.html

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OLDER POSTS

Rhodia Specialty Chemicals- Delisting Indicative Price Rs.675


Book Building Process

 Bid Opening Date : 14-03-14

Bid Closing Date : 20-03-14
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OLDER POSTS 

 Rhodia Speciality Chemicals India Limited ( earlier named Albright And Wilson Chemicals India Limied , earlier incorporated in 1965 as Albright Morarji And Pandit Limited ( of Dharamsi Morarji Chemical Company -DMCC Group )

For More on Rhodia Specialty Chemicals India Limited , Please Click :-

http://www.rhodia-chemicals.co.in/

http://www.moneycontrol.com/india/stockpricequote/chemicals/rhodiaspeicialitychemicalsindia/AWC

For Delisting Background , Please Click ( refer Post of 06-03- 12 )- :-

http://www.sebi.gov.in/cms/sebi_data/commondocs/rhodiacorrigen_p.pdf

http://www.theequitydesk.com/forum/forum_posts.asp?TID=3548

Open Offer

Opens :- 23-04-13

Closes :- 13-05- 13

Offer Price :-

1 ) Rs. 835 / 82 p for Original Shareholders   ( who tendered their Shares in the Year 2000 )

2) For Others the Offer Price is Rs.386 / 72 p                                                                                                 

For Open Offer Details , Please Click :-

http://www.sebi.gov.in/cms/sebi_data/commondocs/rhodiaspcorri_p.pdf

(  To Enlarge Click on + )


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Rhodia Speciality Chemicals India-Annual Report-2012-13

Financial Year Ended 31-03-13

Sales : Rs.290 crore

Gross Profit : Rs. 10 cr 95 lakh

 Profit : Rs. 64 lakh

Exceptional Item Profit From Transfer of

Lease Rights of Land at Ambernath : Rs. 36 cr 22  lakh

Net Profit : Rs. 36 crore 86 lakh

Dividend : Rs. 2 Per Share

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http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/small-equity-investor-how-to-safeguard-your-interests/articleshow/21742266.cms?curpg=3

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November 20, 2013


Rhodia Specialty Chemicals- Delisting- RBB-Rs.442/64p-Floor Price

Rhodia Speciality Chemicals India Limited has initiated the process of Delisting.

Postal Ballot , in this regard , is underway.

Rhodia UK Ltd and Solvay Participants France S.A.S. currently hold 91: 33 % of Equity ( out of this , Solvay holds 18:4 % ).

Indicative Price for the Reverse Book Building ( RBB ) is Rs. 442 / 64 p
General Warning : Investment in Shares Can be Injurious to Your  WEALTH 

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




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