October 24, 2016

Mac Charles ( India ) New Owners- Open Offer @ 670 / Share


Mac Charles Open Offer - Guidance Wanted From Readers / Investors

Mac Charles ( India ) listed in BSE, now has , New Owners who would  make Open Offer @ 670 / Share , in December 2016 , to remaining  Public Shareholders ( holding 25 % Equity ).  BUT NO DELISTING

For more , please 



BENGALURU: Property developer Embassy Group has agreed to buy Mac Charles(India) Ltd, which owns the Le Meridien hotel in Bengaluru, for Rs 644.3 crore in cash.

Embassy is offering Rs 670 per share, a premium of 29% to Mac Charles' Friday closing price. As part of the deal, Embassy has agreed to buy 96.1 lakh shares of the company, which represents 73.41% of the fully paid up share capital of Mac Charles.

For More / Source



official site :-


More on Jitu Verwani , the new owner :-




November 08, 2016

Mac Charles - Rs.670/ Share- Is it Full Consideration ?

An Investor Writes

 Regarding the deal of Le Meridian Pune, Pardhanini has shown it as disputed deal, which after 2 years he shows that the company got back the amount of investment (only) in a settlement without any interest/dividend/penalty.  

But the sale of promoter's (Pardhanini) complete holding in the company to another Jitu Verwani creates a big doubt. 

Has any other big amount ,also , changed hands ?

 He has made a similar settlement in Pune case where he shown up recovery of invested amount only, which is impossible in the case of real-estate value within two years becomes double.

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. No responsibility taken by this author / blog . )

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