Silver Member
3 Followers
i would like to know the source ......where the company has declared the merger ratio... Read full message
12.43 PM Oct 31st 2009   | Track |  Tracked by : 1 boarders
Replies (15)
Silver Member
3 Followers
i would like to know the source ......where the company has declared the merger ratio of every 1 share of Mundra Port you will get 2 share of Adani Ent.
12.43 PM Oct 31st 2009
Platinum Member
25 Followers
The Adani board has approved the merger plans as per their results release to the stock exchanges.
There is no mention of swap ratio as this will have to be worked out only after the valuations.
Further it is mentioned that MP will be a subsidiary of Adani after the merger.
1.58 PM Oct 31st 2009
Guest
did anyone know when we will receive the bonus shares...of adani enterprise
11.42 AM Nov 3rd 2009
Gold Member
15 Followers
They have not declared merger of mundra port company. But just promoter share holding will be transferred to Adani Ent which will make mundra port subsidiary of Adani enterprises(same like Adani Power).

I think only promoters will benefit from this.
7.45 AM Nov 12th 2009
New Member
0 Follower
Even then this is a good stock.. coz bonus is due.. and they are venturing in to oil expolartion , power etc.. i think this stock will rise to 1000 in 3 - 4 months
1.57 PM Nov 12th 2009
New Member
0 Follower
If u see what devang desai had answered as below:

Q: What is the full restructuring plan? Is it an option to merge Mundra and Adani?

A: No, it is only the Mundra Port’s promoter entities. So we have entities which hold Mundra Port that is 81%, those entities will get merge with Adani Enterprises. So Mundra Port shareholders are not affected by it.
2.44 PM Nov 13th 2009
Silver Member
1 Followers
sir not affected means is share holder will be benifitted or not pl advise jagadeesh
6.49 PM Nov 13th 2009
Platinum Member
25 Followers
If what smallcapbiggain says is true than the shareholders of Mundra Port will not gain as there will be no difference except that the Adani group shareholding of 81% in the company will be transferred to Adani Enterprises. The group already holds 81% through various entities, family etc. By consolidation of their holding in one entity, there will be no material change to the financials of Mundra Port nor will it`s shareholders benefit.
12.16 AM Nov 14th 2009
New Member
0 Follower
The merger of Promoter Entities of Mundra Port with Adani Enterprises will be done on the basis of Market value of Mundra Shares to be transferred to Adani Enterprises. The Shares of equivalent value of Adani Enterprises will be issued to the promoters against their market value of Mundra Shares meaning thereby Adani will purchase Mundra shares at market value and Adani Enterprises will become holding company of Mundra. What happen after merger, the market will value the Mundra Holding of Adani Enterprises at 50% to 70% discount, which means the shareholders of Adani Enterprises will definitely incurred heavy loss & promoters will gain.
6.01 PM Nov 16th 2009
New Member
0 Follower
kkjfca
y do u say that market value the share holding of mundra in 50 to 70 % discount? if that is the scenario then there is no meaning to shares of all the holding companies ?
adani enter prices is holding 80 % of adani power , not its gonna hold 80 % of mundra.. apart from their main coal business
i belive adani enterprices have become more attractive after adding mundra port .. already the production in gonna start for adani power in near future
1.32 AM Nov 17th 2009
Guest
So how the share holders of Adani Enterprises will be benifited...? and what will be share value in another 3 months...?
1.24 AM Nov 18th 2009
New Member
0 Follower
creed
The merger of Promoter Entities of Mundra Port with Adani Enterprises will be done on the basis of Market value of Mundra Shares to be transferred to Adani Enterprises. The Shares of equivalent value of Adani Enterprises will be issued to the promoters against their market value of Mundra Shares meaning thereby Adani will purchase Mundra shares at market value and Adani Enterprises will become holding company of Mundra. What happen after merger, the market will value the Mundra Holding of Adani Enterprises at 50% to 70% discount, which means the shareholders of Adani Enterprises will definitely incurred heavy loss & promoters will gain.
Please see the some statistics showed on the MoneyControlcom, two month back regarding heavy discount on holding of group company shares.
Company Investments in quoted equity shares*(Rs in cr) Total Debt* (Rs in cr) Investments less debt(Rs in cr) Investments value per share (Rs) Market Price (Rs) 14/09/09
CHI Investments 384 0 384 335 61
Uniphos Enterp. 414 0 414 163 30
Williamson Fin 168 25 143 171 32
Octav Invest. 36 0 36 121 24
Nagreeka Cap. 324 21 303 240 52
BNK Capital 128 17 112 180 40
Mah. Scooters 736 0 736 644 164
Williamson Mag 401 165 236 216 56
Haryana Capfin 81 0 81 156 42
Indl.& Prud Inv. 192 0 192 3306 948
Vardhman Hold. 245 0 245 767 220
HB Portfolio 177 0 177 148 47
Binani Inds 813 96 717 242 79
Majestic Auto 254 38 216 208 69
McDowell Hold. 267 0 267 220 78
Nalwa Sons 1206 0 1206 2347 859
SIL Investments 295 69 227 213 79
SRHHL Indust 20 1 20 16 6
Stanrose Maf Inv 71 0 71 180 74
Almondz Capital 41 0 41 41 17
Bajaj Holdings
10879 0 10879 1075 468
J.K. Agri Gene. 171 59 112 319 148
Garware Marine 25 4 21 36 18
Nahar Capital 160 0 160 95 53
Balmer Law. Inv. 486 0 486 219 133
Nahar Poly 87 0 87 35 23
Bengal & Assam 302 110 192 221 147
U B Holdings 2644 834 1810 271 183
MVL Industries 137 67 70 29 24
Tata Inv.Corpn. 2196 448 1748 423 419



11.17 AM Nov 19th 2009
Gold Member
34 Followers
dear you forget to mention the name of jindal south west holdings limited whose share price is somewhere close to the investments value per share. it all depends on the promoters who jack up the prices like the jindals, the adani`s are much more aggressive than the jindals as one can see by the p/e of their companies
8.39 PM Nov 22nd 2009
Platinum Member
76 Followers
Dear kkjfca

That is a very interesting compilaiton of
holding companys` data.
THANKS for postig it.

I have two questions.
Amongst the ones listed by you, which three companies would you rank as
the best long term bets?

Betweem Adani Enter, and Nalwa, where
do you see more growth over the next five years? I would think AEL.
AEL has a huge track of land in Delhi too...

Would look forward to your reply.

Regards KM
9.46 PM Nov 24th 2009
Guest
This seems to be kite flying, how can one share of MPSEZ be equal to two shares of Adani Enterprises? No valuation agency will recommend such a ration. i understand AEL has decleared bonus of 1:1 and has called EGM on november 27, 2009 at Ahmedabad. We may get some clarity on the subject by then.
12.33 PM Nov 25th 2009
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