Dalmia Refractories , now merged with Dalmia Bharat Refractories , was earlier named Shri Nataraj Ceramic and Chemical Industries Ltd.
Shri Natraj Ceramics and Chemical Industries had an Investment subsidiary, named Shri Nataraj Investment Company .which came to hold very valuable shares.
What became of this Investment subsidiary and the shares held by it.?.Were these shares transferred out at a fair price or at their Book value i.e. acquisition rates .? Market value of shares held was much more than their Book value. At that time there was no Internet / Mobiles / Whats App groups and shareholders were not united unlike in present times.
Please refer to the history of erstwhile history of Dalmia Refractories given in Moneycontrol.com . It is stated here;-
Shri Nataraj Investment Company Ltd and Shri Chamundeswari Minerals Limited are the subsidiaries of the company.
Please click the link
December 03, 2022
Dalmia Bharat Refractories Demand Directly Zooming Shares of RHI Magnesita India
Shareholders of Dalmia Bharat Refractories want directly shares of RHI Magnesita India.
Share price of RHI Magnesita India have risen by around 33 % to Rs. 825 after the announcement of its deal for acquiring 5 Indian units of Dalmia Bharat Refractories.
NAV of 1 share of Dalmia Bharat Refractories is Rs. 700 + - PLEASE RECALCULATE INDEPENDENTLY ALSO BEFORE TAKING ANY INVESTMENT DECISION.
RHI Magnesita India is the Indian affiliate of MNC -RHI Mgnesita
-- OLD POST
Dalmia Bharat Refractories- Shareholders Demand Liquidity of Their shares and Fair Returns
Dalmia Bharat Refractories has, despite solemn assurances given during Merger proceedings of erstwhile Dalmia Refractories with Dalmia OCL in NCLT , Chennai , have not got its shares listed in BSE, even after 10 months after the sanction of Merger.
Shares of Dalmia Bharat Refractories are currently listed in Calcutta Stock Exchange and Metropolitan Stock Exchange , both of which are Non Operational.
Dalmia Bharat Refractories had recently made a massive windfall profit by selling its 5 Indian Units , for more than 1700 crore , to RHI Magnesita India.
In order to get a fair share of this bonanza , Public shareholders of Dalmia Bharat Refractories are , also , demanding a Buyback offer . NAV of one share of Dalmia Bharat Refractories has been worked out to be around Rs.600 - Please Recalculate Independently also.
of Dalmia Bharat Refractories have proposed amendments of the Sale
agreement so that they get directly shares of RHI Magnesita India
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.
Shareholders of Dalmia Bharat Refractories be allotted shares of Dalmia
OCL proportionately. Dalmia OCL should then be listed on stock
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.
For details of the Original scheme now being amended by shareholders of Dalmia Bharat Refractories , please click the link -.
Some shares of Dalmia Bharat Refractories are available for Sale / Purchase with Dealers of Rare Indian Shares.
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.