September 16, 2022

Dalmia Bhatat Refractories share transfer to Defreeze- Please Recheck

 New shares of Dalmia Bharat Refractories issued in Demat accounts upon merger scheme were frozen pending listing.

These shares are to be listed in Metropolitan Stock Exchange .

https://www.msei.in/SX-Content/Circulars/2022/September/Circular-12304.pdf 

Although there is  trading in Metropolitan Stock Exchange the shares held by investors in their demat accounts will be Unfrozen ,As such off market transactions in the Unlisted markets can start -  Please Recheck

As per Damia Bharat Refractories there would soon be a BSE listing as well.

 

Blog Credit to ;-

 

Mr. Vijay, Jalandhar , m 7009409142

himanshusoi478@gmail.com

 

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OLD POST

November 15, 2019


Merger of Dalmia Refractories , Refractories Unit of Dalmia Cement Bharat

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

Dalmia Refractories Limited ("DRL") and Dalmia Cement (Bharat) Limited ("DCBL") , at their respective Board meetings held on 14th November 2019, have approved Schemes of Arrangement through which their respective refractory businesses will be consolidated under a single operating entity, which is proposed to be renamed as *Dalmia OCL Limited (“DOL"). This entity (DOL) in turn would be held by a holding company, which is proposed to be renamed as *Dalmia Bharat Refractories Limited ("DBRL"). 

DBRL would initially be listed on Calcutta Stock Exchange and Metropolitan Stock Exchange of India, the exchanges on which DRL is currently listed.

.Pursuant to the Scheme, DRL will be amalgamated with SDMM 


768 (Seven Hundred and Sixty Eight) Equity Shares of the face value of INR 10/- each of SDMM, credited as fully paid-up, shall be issued and allotted for every 100 (One Hundred) Equity Shares of the face value of INR 10/- each held in DRL


SDMM is an entity identified to carry out the refractory operations of the Dalmia Cement (Bharat) Limited (‘DCBL’). Pursuant to a separate Scheme of Arrangement between DCBL and SDMM and their respective shareholders and creditors, the refractory business of DCBL will be transferred to SDMM in the manner and on terms set out in that scheme (“Scheme 1”). The Appointed Date for Scheme 1 is April 1, 2019.

For Complete Notification  and Q2-2020 Results, please click :-

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

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NEW POST

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

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 ).
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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

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Blog Comments ( PLEASE RECHECK INDEPENDENTLY )

SDMM would be renamed Dalmia Bharat Refractories Limited ("DBRL"). - Holding Company
ACPL would be renamed as Dalmia OCL Limited (“DOL").-with combined Refractory 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 Refractories business of listed 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 ).
 

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Blog OBSERVATIONS ( PLEASE RECHECK INDEPENDENTLY )

CAUTION- PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THE FOLLOWING CONJECTURES . PLEASE DO ONLY A FURTHER SELF STUDY

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 INDEPENDENTLY )

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OLD POST
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General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names has  holdings in this Company 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



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