as per my information ( based on the special resolution notice i recd a week back) they are doing a buy back of upto 25% of the equity at a max price of 120 per share.
my understanding is that as per SEBI rules ,a company cannot delist for at leat 2 years after doing a buy back.
i would be thankful if you could pls share the source of the delisting info.
i agree that it reprsents an excellent value buy.It has liquid investments of 40 cr (cash bank balance + investments of 53 cr less 13 cr debt ).
market cap is 78 cr .
its a bit and pieces company and the major business segments are :
1)FMCG: EVA deodrants, Woodwards gripe water
2)distribution: distribution of Durex / Kohinoor condoms (manufactured by TTK-LIG)
3)pharma: allopathic + herbal
4)Animal welfare products
5)Bio-Medical devices:largest domestic manufaturer of heart valves.They are getting into manufature of Coronary Heart stents within a year. ( product design & validation has been completed)
6) Publications(Maps) & food (launching ready to eat snacks under the brand 'Yummies'.
the key segment to watch for is the the Bio-Medical devices which has been growing revenues and profitability @ 50% over the last 2 years and has a growing addressable market.
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
IP Logged
