Valuation of Dalmia Refractories put at Rs. 301 crore
Share Capital of Dalmia Refractories = Rs. 3 cr 15 lakh
So , Value per share = Rs.955 per share
Further , the merged new entity would have combined Refractories business of present Dalmia Refractories and Dalmia Cement Bharat Limited
As Dalmia Cement Bharat Limited is currently listed in BSE / NSE it stands to reason that shares of SDMM may, also , be listed in BSE / NSE as SDMM , also , would have the demerged Refractory business of a listed Company i.e.Dalmia Cement Bharat.
So , by no stretch of imagination can a BSE / NSE listed Company / its Unit , as in this case, be merged in company which would remain listed only in Calcutta Stock Exchange and Metropolitan Stock Exchange ( both are Inoperational Stock Exchanges ).
Blog OBSERVATIONS ( PLEASE RECHECK / RECALCULATE INDEPENDENTLY ALSO
1 ) For Dalmia Refractories shareholders it appears to be a Bonus Issue
2 ) There would be ultimate Listing in BSE / NSE of the amalgamated Company. This would mean great Value unlocking for shareholders of Dalmia Refractories. Bonanza for Dalmia Refractories shareholders ? ( PLEASE RECHECK / RECALCULATE INDEPENDENTLY ALSO )
CAUTION- PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THE ABOVE STATED CONJECTURES .
PLEASE DO ONLY A FURTHER SELF STUDY
For more on Dalmia Refractories , please click:-
It appears some shares of Dalmia Refractories are available with Dealers of Rare Indian Shares (Please Recheck this ).
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure : The Blog writer in his / family names has holdings in Dalmia Refractories Limited ,so please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer