Maharaja Shree Umaid Mills ( which delisted in 2015 @ Rs.90 ) has made allotment in the Rights Issue.
The Plot measures 50 acres and in , in 2011, its worth was Rs. 500 crore.
July 22, 2014
Maharaja Shree Umaid is an asset laden Company belonging to the LN Bangur group with the intrinsic value many times over the current market price ( CMP ) of its share.
In 2011 Maharaja Shree Umaid got a whopping Rs.590 crore by selling its holding in AP Paper
It seems that its Kota ( Rajasthan ) land bank 's legal hurdles are over and Promoters are seeking delisting to avoid sharing all benefits .
March 06, 2017
Maharaja Shree Umaid Mills -Rights Issue
Rights Issue in the ratio of 2 : 3 @ Rs.30
Issue Opens 06/03/2017
Issue Closes 21/03/2017
January 03, 2015
Maharaja Shree Umaid - Delisting -Discovered Price Rs.90
( Please Click + to ENLARGE )
Promoters , now , hold 92 % + of the equity of Maharaja Shree Umaid Mills
Delisting Date to be announced .
Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
General Warning : in Can be Injurious to Your WEALTH
Caution :The 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 including this information . No responsibility taken by this author / blog . )