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
Can any Investor / Resident of Bangalore or around , also , guide as to how much would 2 lakh square feet of commercial space in Bangalore `s prestigious Embassy TechSquare be worth ?
This is the size of Mac Charles ( India ) ownership in new Promoter Jitu Verwani`s Embassy Tech Square.
Source Top Lines of Page 19 of the Draft Letter of Offer
Also ,Inter Corporate Deposit of Rs.35 crore ( bottom lines ) , Page 18 , Letter of Offer
For more on Embassy TechSquare, Bangalore :-
Mac Charles is an Asset Laden Company
Mac Charles , also , owns a 3 star hotel in Kochi namely Golf Links Hotel And Suites .
Further Mac Charles has purchased Land to set up a 5 Star Hotel in Kochi. Mac Charles owns Wind Turbines which give the Company a steady income.
In 2001 - The Company has acquired 39.67 per cent equity shares (1,19,02,107 No. of equity shares of Rs 10 each) of the total issued and paid-up equity share capital of 3,00,00,000 equity shares of Rs 10 each of Bramha Bazaz Hotels Ltd, Pune, which owns Hotel Le Meridien, Pune.
2002- Mac Charles (India) acquires 100% stake in two private companies. 1. Vaswani Properties Pvt. Ltd. - 90000 equity shares of Rs.10/- each 2. Vaswani Investments and Holdings Pvt. Ltd. - 50000 equity shares of Rs.10/- each.
For more on Jitu Verwani , New Promoter :-
November 08, 2016
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 . )