excellent research work ..cheeerss :D

very knowledgeable...

njoy da rally..whosoeva bought it 2day will be lucky . hopin for rally in dis counter for sure

GSM problem ova...

its in bullish phasse...each advisor is puttin a big buy ON unitech so hold it..

178 + + is on charts don do pbookin until then n njoy profits cheerss


but it as much as u can ...

i hope evrybodys is listenin see da buyin comin at 77 - 78...simpy accumulate.....if uy cant w8 till 100 93 is on charts very quicly //pls buy n cover oll of ur loses...

stupid idiot..if u had listen 2 mine advise u wud have earned 15000 but u listen ahswini gujral.....

hahahah 121 ...hai na ???

have a bet if dis share croses 121 ..da nex day it will fall like anythin

n yea ashwini gujral ke tip the deklea na 121 n i said 93 !, , nw say !
u noob /!...

BY VTYCOON
Ranbaxy Laboratories (RLL) open offer by Daiichi Sankyo to acquire 9,25,19,126 fully paid up equity shares of Rs.5 each at Rs.737 per share has opened on 16th August 08 and would remain open till 4th September 08. However, majority of the shareholders of RLL, eligible to participate in the offer have not received Letter of Offer, together with the Form of Acceptance cum Acknowledgement and hence are quite anxious to know the procedure to participate in this offer.



We wish to state that there is no need to get anxious and impulsive as Letter of Offer would be received by all the holders by 22nd August 08. Even if they don’t receive it, the same can be downloaded from SEBI’s website (http://www.sebi.gov.in) or it can be procured from the Registrar to the Offer - Karvy Computershare Pvt. Ltd. from its offices at various places which are given hereunder with its telephone numbers –

Ahmedabad – (079) 24620422/26400528

Bangalore – (080) 26621192

Chennai – (044) 28151793

Hyderabad (040) 23420818

Kolkata – (033) 24644891

Mumbai, Andheri – (022) 26730799/0843

Mumbai, Fort – (022) 66382666

New Delhi – (011) 43181700



Shareholders of RLL whose names appear as beneficiaries on the records of the respective depositories as well as on the Register of Member at the close of business hours on 27th June 08, being the specified date, would receive this Letter of Offer. But, even persons who have acquired shares of RLL after this specified date, are also eligible to participate in this offer. Refer para 11.7 on page 102 of the Letter of Offer.



Beneficial owners (holders of shares in dematerialised form) who wish to tender their shares will be required to send their Form of Acceptance-cum-Acknowledgement along with a photocopy of the delivery instructions in ‘off-market’ mode or counterfoil of the delivery instructions in ‘off-market’ mode, duly acknowledged by the DP, in favour of the above mentioned special depository account, to the Registrar to the Offer –Karvy Computershare Private Limited, either by hand delivery on weekdays during business hours (Mondays to Saturdays between 10.00 a.m. to 5.00 p.m.) or by registered post so as to reach on or before the close of the Offer, i.e. by September 04, 2008, in accordance with the instructions specified in the Letter of Offer and in the Form of Acceptance-cum-Acknowledgement. The application should state the name, address, number of shares held, number of shares offered, Depository Participant (‘DP’) name, DP ID number, beneficiary account number alongwith a photocopy of the delivery instruction in ‘off-market’ mode, duly acknowledged by the DP in favour of Karvy RLL - Escrow Demat Account, filled in as per the following instructions:



Depository Name


NSDL

DP Name


HSBC Limited

DP ID Number


IN 300142

Beneficiary Account Number


1064 2118



Beneficial owners should ensure that they credit their shares in favour of the aforementioned special depository account on or before the close of the Offer i.e. by September 04, 2008. Shareholders holding their beneficiary account in CDSL will have to use an inter-depository delivery instruction slip for the purpose of crediting their shares in favour of the special depository account with NSDL. RLL’s shares are in the compulsory demat segment



Refer Para 11.6 of the Letter of Offer.

In case of non-receipt of the Letter of Offer, the eligible persons may (i) download the same from the SEBI website (www.sebi.gov.in), (ii) obtain a copy of the same by writing to the Registrar to the Offer, or (iii) make an application to the Registrar to the Offer, on a plain paper stating the name, address, number of shares held, number of shares offered, along with the documents as mentioned above, so as to reach the Registrar to the Offer on or before the close of the Offer, i.e. by September 04, 2008 or in the case of beneficial owners, they may send the application in writing to the Registrar to the Offer, on a plain paper stating the name, address, number of Shares held, number of Shares offered, DP name, DP ID, beneficiary account number and a photocopy of the delivery instruction in ‘off- market’ mode or counterfoil of the delivery instruction in the ‘off-market’ mode, duly acknowledged by the DP, in favour of the aforesaid special depository account, so as to reach the Registrar to the Offer, on or before the close of the Offer, i.e. by September 04, 2008.



Refer Para 11.11 of the Letter of Offer.

Hence, it is very easy and simple to tender your shares under open offer and there is no need to panic, as still there is ample time of about 15 days left.



The present outstanding shares of RLL are 37,32,37,870 shares while open offer is for 9,25,19,126 shares, which implies offer for 24.79% of present equity. Though the mandatory open offer is for 20% equity of RLL, which is calculated after including outstanding ESOP of 83,88,353 shares, preferential allotment to Daiichi of 4,62,58,063 shares and 3,47,11,343 shares underlying possible conversion of zero coupon foreign currency convertible bonds.



Of the present equity of 37.32 crore shares, Daiichi is acquiring 12.99 crore shares, from promoters of RLL, being 34.81% of the present equity. This means, 9.25 crores shares would get acquired out of remaining 24.33 crore shares, which would result in an acceptance ratio of 38%. As some of the shareholders may not be able to participate in the offer, the acceptance ratio for all practical purposes can estimated to be 40%.



Share is now ruling at Rs.500. If somebody buys 100 shares today, it would cost him Rs.50,000. If 40 shares are expected to get accepted at Rs.737, it would realize Rs.29,480, leaving residual cost of 60 shares at Rs.20,520 or Rs.342 per share.



If we add tax on estimated gain of Rs.9,480 (Rs.237 x 40 shares) at Rs.2,800, the residual cost of 60 shares would be at Rs.390 per share. Share of RLL, post open offer, is likely to rule at around Rs.360 per share. For September F&O, the share is ruling at Rs.362 per share.



So under the given circumstances, there does not exist any arbitrage play and hence it is not advised to buy from the secondary market now at Rs.500 per share and participate in open offer.



If you have expectations of share price going up beyond Rs.360, post open offer, it is advised to buy it in Future segment.



With all these developments, existing shareholders of RLL need not get panic and you have sufficient time to act. Only if you have your Demat account with CDSL, make sure to obtain Inter-Depository Delivery Instruction Slip from your DP.



Also it is advised to exercise open offer opportunity.








...

yes nw nifty wont crack to 4100 level unles crude cross 120$...

excellent research work ..cheeerss :D very knowledgeable...

i hope evrybodys is listenin see da buyin comin at 77 - 78...simpy accumulate.....if uy cant w8 till 100 93 is on charts very quicly //pls buy n cover oll of ur loses...

IMHO, book profits as soon as possible (I would say today ot tommorow)...

hold on to it. dont sell. by next week you will hit a jackpot....

For the ones bought at 105 what do you suggest?...

you are not an investor. you are worst person for the share market. one day you will be trapped in such a way that you will forget to short sell any stock...

GLOBAL MARKETS WEEKAHEAD - Worry spreads to emerging markets--Reuters Investors enter the week in a mood of increasing nervousness about the global economy, with deteriorating growth in the United States, Europe and Japan now beginning to bite into once high-flying emerging markets.It is a concern that was underlined last week when MSCI\\`s benchmark for emerging market stocks hit its lowest level in nearly a year, taking the index down around 28 percent from its all-time high last November. The emerging market index, moreover, has been underperforming its developed market counterpart, even though that too has been battered by the credit crisis and ensuing economic slowdown. \\\\...