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
---------------
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 . )
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 . )
2 comments:
This post is an interesting look at how markets can contain overlooked opportunities, especially when careful research reveals value that is not immediately obvious. A similar principle can apply to real estate, where location, property condition, and long-term potential matter when evaluating an opportunity. For readers interested in the housing market, Northern real estate opportunities can also be worth exploring.
This is an interesting look at the details behind an open offer and the importance of understanding the conditions before making an investment decision. In a different kind of property investment, practical factors can also have a meaningful impact on long-term value. For example, choosing energy-efficient window solutions and modern insulated windows can improve comfort and potentially make a residential property more attractive to future buyers.
Post a Comment