Based on operational parameters, Cemcos was expected to trade at a discount to Gujarat Ambuja as well as ACC on listing. Comments from both sides We are not the buyer who would naturally look for the lowest valuations. There are also two independent directors — R. Grasim had made a successful open offer bid for 30 per cent of the equity of UltraTech with a view of taking management control. Steps Subsequent to announcement of the deal 5.
Newer Post Older Post Home. Reliance sold this entire stake to Grasim at Rs The company decided on the later and did it with style. Kumar Mangalam Birla always wanted to become a major player in cement industry in India and worldwide. Total Investment outlay at Rs.
Net profit for the quarter amounted to Rs crore, up from Rs This meant a final price of Rs per share was on offer to all those tendering their shares in the open offer.
They were advised by BCG as early as to come out of cement business gradually and focus on their more profitable engineering and defense business. We are the seller looking for the best valuations. In one stroke, Grasim has catapulted to the top spot in the cement sector as well as stalled the possible entry of an international major.
Despatches at Grasim Cement moved up Based on operational parameters, Cemcos was expected to trade at a discount to Gujarat Ambuja as well as ACC on listing. Concurrently, Grasim acquired 8. There seemed to be some planning behind this exchange of stocks between Reliance and Grasim because the Reliance Group Reliancewhich held 3.
Newer Post Older Post Home. These shares were purchased at prices ranging between Rs to Rs Speaking on the occasion, Mr. Marble tiles are very clean looking good and superb. They helped them with valuation of company. The strike price was fixed as Rs per share. Rajashree Birla and Mr.
The name Ultratech was chosen after careful marketing research. Landmaark is the best company about fitting dealers and flooring grasmi dealers. The company decided on the later and did it with style.
40 Years Ago… And now: L&T – The graveyard of corporate raiders
So inorder to command a premium, the brand had to show a significant differentiation. Landmarks is the top company in Bangalore to sell the materials, marbles, tiles cement etc.
garsim View my complete profile. We believe that it will take about two to three years for UltraTech to provide a competitive return on the aggressive price offered to its shareholders.
The scheme of arrangement for the demerger of the cement business, sanctioned by the Honorable High Court of Bombay, became effective from Friday, 14 May, Grasim had sgudy a successful open offer bid for grasom per cent of the equity of UltraTech with a view of taking management control.
I am very happy to contact to landmaark why because they had provide quality marbles and tiles. Cement is basically viewed as a commodity and the industry is stuvy with around 50 players. Domestic cement realisations at Rs. Watch the latest videos on YouTube. Reliance sold this entire stake to Grasim at Rs Kumar Mangalam Birla always wanted to become a major player in cement industry in India and worldwide. According to this plan, the cement unit was to be demerged into a separate entity which would be listed on the stock exchanges.
40 Years Ago And now: L&T – The graveyard of corporate raiders | Business Standard News
GACL was the most efficient player in the cement industry, which justified its premium valuation. Net profit grew by per cent from Rs. Steps Subsequent to announcement of the deal 5. The offer had opened on June 7 and closed on June 21 Total Investment outlay at Rs.