Public / Non Promoter shareholders of Dalmia Bharat Refractories want its scheme to transfer its Indian units to RHI Magnesita India to be amended in the following manner ;-
1 Dalmia Bharat Refractories first transfers its retaining 3 units in China and Germany and Dalmia Bharat Refractories' substantial Equity holding of Dalmia Bharat 's shares to Dalmia Bharat Refractories ' subsidiary Dalmia OCL Ltd.
2 Shareholders of Dalmia Bharat Refractories be allotted shares of Dalmia OCL proportionately. Dalmia OCL should then be listed on stock exchanges
3 Dalmia Bharat Refractories would be left with 5 Indian units, valued at Rs 1700 crore ,which are proposed to be sold / transferred to RHI Magnesita India.
Then Dalmia Bharat Refractories should be merged with RHI Magnesita India.
4 Shareholders of Dalmia Bharat Refractories be given shares of RHI Magnesita.
This way shareholders of Dalmia Bharat Refractories would get a fair value and they will also get an Exit option.
Dalmia Bharat Refractories has, despite solemn assurance given during Merger proceedings in NCLT , Chennai , not got its shares listed in BSE even after 10 months after the sanction of Merger.
For details of the Original scheme now being amended by shareholders of Dalmia Bharat Refractories , please click the link -.
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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