November 16, 2019

Dalmia Refractories Share Valued at Rs.955 / Share in Merger Plan -PLEASE RECHECK INDEPENDENTLY ALSO

Please refer to Page  3 

 https://www.msei.in/ListingData/2019/DALMIAREF/AN/191114_DALMIAREF_AN_01.pdf


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

https://www.bseindia.com/xml-data/corpfiling/AttachLive/59009ab2-128e-443d-b03a-e214a060244b.pdf

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:-

http://www.rareindianshares.info/2019/11/dalmia-refractories-excellent-q2-2020.html


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

No comments: