November 05, 2016

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



With this open offer, Public Shareholding would fall below 25 % which is the minimum required for remaining Listed.

But , Mac Charles ' new Promoters are not Delisting.

New Promoters would ensure minimum 25% Non Promoter - Public holding.

Please read Clause 6 , Page 13 of the  Draft Letter of Offer


No Delisting

Blog Request to   Readers / Investors , please guide how would the new Promoters on one hand BUY back shares and on the other RESELL shares to Non Promoters  , to remain listed.

---------------


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 

http://www.moneycontrol.com/stocks/reports/mac-charles-updatesopen-offer-5303041.html

Also ,Inter Corporate Deposit of Rs.35 crore ( bottom lines ) , Page 18 , Letter of Offer

For more on Embassy TechSquare, Bangalore :-

http://www.embassyindia.com/html/projects/commercial/embassy_techsquare.html

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 :-

http://www.forbesindia.com/column/column/jitu-virwani-the-smart-builder-and-quintessential-entrepreneur/43091/1 


official site :-


---------------


-----------


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 . )

1 comment:

Blogger said...

You might be eligible for a new government solar energy program.
Find out if you qualify now!