Any share holder having Nahar capital shares who received their balamnce sheet recently can share the same with you where you can see the details of their portfolio which runs into four pages consisting of several blue chip shares & top ranking mutual fund investments totalling to book value of 352 crs on a small capital of 8.37 crs. Enjoy investing in this shares...

Merger ratio of 1:10 is possible. Look at the book values of the two....

Like so many times in the past, keeping again my fingers crossed !!!!! ...

Dear pune swengineer, I am really surprised that how u have concluded that merger ratio is going to be 1 : 10 !!!!!!!In fact there is no substance as of now in the merger talks except some loose talks done by incoming Chairman like his predcessor !!!! In fact this proposal can be termed as the biggest fraud of the last three years on shareholders. If it would have been a developed market like US or UK, no of cases would have been filed against the Directors !!!! Because it is India, they can talk all loose and get away with it. Otherwise, such talks are price sensitive and without any basis these guys have been talking. On a different note book value is above 40 and, therefore, a price of 30 is justified, if a dividend can be maintained @ 15%. But these idiots(management) have made a mockery of corporate governance !!!!! Even if the merger comes, I have my very serious doubts whether PNB Gilts shareholders will be really benefitted. Don`t have any hope by any stretch of imagination that, foreget, even a 1 : 15 ratio will materialise. Billion Dollar not Million Dollar question is whether merger will come at all and if yes when? ...

Is it possible that someone linked to PNB first buys PNB GILT shares, then gives news of merger and sells on spurt? After a few months repeats the same! This kind of activity has been going on for past few years. Even this time, the Board meetings have not been held. Approvals from Company Law Board, SEBI, BSE, NSE, RBI, Govt, High Courts and the shareholders have not been obtained. No formal proposal giving merger ratio and merger schedule (time table) has been issued. Will they go to sleep again and when the share goes to Rs.20/= they will buy and announce once again the impending merger? Who gains by this periodic activity?...

If you are very much interested in Book Value vs. current market rate, which if ofcourse, one of the fundamental criteria for investment along with eps; pe etc, pl consider investment in Nahar capital whose book value is 242 and its current price is 57 with recent quarter eps of around 8+ which company is also having more than 60000 shares of pnb guilts and 25000 shares of punjab national bank as one of its investment portfolio. pl. study the portfolio of Nahar Capital whose investment value is around 380 crores as on 31.3.09 and definetely there will be good appreciation of its portfolio as per present value (sensex around 8500 as on 31.3.09 whereas now it is 17000+) Grab this share before it crosses 70 shortly based on these excellent fundamentals besides your other sector criteria i.e. that Nahar Capital belongs to financial sector....

dear all boarders i have changed my profile detail on my page to teach a lesson to these kind of person`s kindly see that and advise me about that. thanks rupesh...

Merger will be by december end and ratio will be 1:10. If not complete merger atleast ratio will be out by december or at max march....

We know that merger ratio is going to be 1:10 . That is not that important. We want to know by when the merger process would be over so that we can unlock the value....

long term investors can buy PNB Gilts. To be merged with PNB. Ratio expected to be favourable to PNB gilts shareholders. Cheaper way to buy PNB....

try to get the annual report and do a study of investments and debts....

how to get the annual report of nahar capitals?...

merger by december end is IMPOSSIBLE !!! but I am still holding it considering that the book value is at 40 and CMP at 30 where other financial stocks r trading at 2x book value. a value pick....

they never had does not mean they never will... the way the buying is going on suggests a mutual fund way of buying... such large orders pending at a particular price throughout the day....

The country`s sercond largest stateowned lender, Punjab National Bank, has decided to merge its primary dealership arm PNB Gilts with itself.
PNB for some time has been looking for a buyer for PNB Gilts but couldn`t find one.The bank had to put off its plan to sell its stake in PNB Gilts, as it got poor response from bidders.
Speaking to FE, KR Kamath, chairman and managing director of the bank, confirmed the development.
“Yes, we are looking at the merger of the arm as one of the options.”
However, Kamath maintained that it was in a quite preliminary stage as it was yet to be approved by the boards of both companies- PNB Gilts and PNB. Kamath refused to divulge any further details on the plea that it will be too early to say anything further.
Again, as the matter is in the court and the court has to clear it first before beginning of any process in that direction, added Kamath.
PNB holds 74% stake in PNB Gilts. The public share holding of PNB Gilts is at around 25.93%.
PNB Gilts, a primary dealer in government securities, underwrites primary issues of government’s dated securities and treasury bills.
PNB Gilts has a paid-up capital of Rs 135 crore and on Monday the share of PNB Gilts ended a 30.15 points, ater opening up at 29.05.
Shares of PNB on Monday ended 1.8% higher at Rs 924.30
...

its my pleasure... look what happened today... the whole market tanked but this only fell 0.25% with pending buy orders of 9500 shares.. this is not what is called weakness(as predicted by TA).. this is strength. so don`t go by TA .. only go by fundamentals...