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LIKELY VALUE OF RESIDUAL SHARES OF GRASIM
Posted by :
rkphophalia
What rate we can expect after demeger of Grasim Cement business to Samridhi Cement (1:1 ratio)and Samridhi cement merger with Ultra Tech to get 4 sahres of Ultra tech for every 7 shares of Samridhi Cement?
Also is better to conver pesentrly itself from Grasim to Ultra Tech as we can get about 3 shares of Ultratech for every share of Grasim?
Kindly give your opinion and views.
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NSE Announcements on Grasim
Posted by :
MMB MessengerGrasim Industries Ltd. has informed the Exchange that the Board of Directors of Samruddhi Cement Limited ("Samruddhi"), an unlisted subsidiary of Grasim Industries Limited ( the "Company"), in its meeting held on November 15, 2009, has approved the merger of Samruddhi into UltraTech Cement Limited ("UltraTech"), a listed subsidiary of the Company. The merger is proposed to be undertaken through a scheme of amalgamation under Sections 391-394 of the Companies Act, 1956. Further the Company has submitted to the Exchange a copy of press release dated November 15, 2009 titled "Samruddhi Cement Limited to merge with UltraTech Creates 10th Largest Cement Company in the World" and the copy of the Presentation on the subject, which will be sent to the Investors shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Grasim
Posted by : MMB MessengerGrasim Industries Ltd has submitted to BSE a copy of the Presentation to Investors regarding Merger of Samruddhi Cement Ltd. with UltraTech Cement Ltd....
BSE Announcements on Grasim
Posted by : MMB Messenger
Grasim Industries Ltd has informed BSE that the Board of Directors of Samruddhi Cement Ltd. ("Samruddhi"), an unlisted subsidiary of Grasim Industries Ltd. (the "Company"), at its meeting held on November 15, 2009, has approved the merger of Samruddhi into UltraTech Cement Ltd. ("UltraTech") a listed subsidiary of the Company. The merger is proposed to be undertaken through a scheme of amalgamation under Sections 391-394 of the Companies Act, 1956.
In this regard, the Company has submitted to BSE a copy of the Press Release dated November 15, 2009 issued by Samruddhi, jointly with UltraTech titled "Samruddhi Cement Limited to merge with UltraTech; Creates 10th Largest Cement Company in the World"...
Hold Grasim Industries
Posted by : NitinKIt will cross 2335/- by 16/11/2009....
Hold Grasim Industries
Posted by : ChallamMy Upside target is 2650 before Q3 Results...
Hold Grasim Industries
Posted by : sharepredictorI am not sure about 2850 but to me 2500 seems like a nice upside target for this stock....
NSE Announcements on Grasim
Posted by : MMB MessengerGrasim Industries Ltd. has informed the Exchange regarding a press release dated October 29, 2009, titled "GRASIM REPORTS OUSTANDING PERFORMANCE FOR Q2 FY2010". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on Grasim
Posted by : MMB MessengerGrasim Industries Ltd. has informed the Exchange regarding the consolidated Results for the half year ended on 30-SEP-2009 as follows: Net Sales of Rs. 977124 lacs for half year ending on 30-SEP-2009 against Rs. 885550 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 186080 lacs for the half year ending on 30-SEP-2009 against Rs. 115832 lacs for the half year ending on 30-SEP-2008....
BSE Announcements on Grasim
Posted by : MMB MessengerGrasim Industries Ltd has informed BSE regarding a Press Release dated October 29, 2009 titled "Grasim Reports Outstanding Performance for Q2 FY2010"....
BSE Announcements on Grasim
Posted by : MMB Messenger
Grasim Industries Ltd has announced the following Unaudited results for the quarter ended September 30, 2009:
The Company has posted a net profit of Rs 6742.50 million for the quarter ended September 30, 2009 where as the same was at Rs 4195.00 million for the quarter ended September 30, 2008. Total Income is Rs 31269.20 million for the quarter ended September 30, 2009 where as the same was at Rs 27864.70 million for the quarter ended September 30, 2008.
The Unaudited Consolidated Results are as follows
The Group has posted a net profit of Rs 7807.70 million for the quarter ended September 30, 2009 where as the same was at Rs 4864.30 million for the quarter ended September 30, 2008. Total Income is Rs 48278.10 million for the quarter ended September 30, 2009 where as the same was at Rs 45543.00 million for the quarter ended September 30, 2008.
- The Scheme of Arrangement for sale of the Sponge Iron unit of the Company has become effective on May 22, 2009 on completion of the necessary formalities. Accordingly, the Company has transferred the Sponge Iron unit to Vikram Sponge Iron Ltd., on a going concern basis, on receipt of the sale consideration of Rs. 1030 Crores. The profit on such sale Rs. 336.07 Crores (Net of tax Rs. 8.65 Crores) has been accounted for as an extraordinary item.
- Current Results are not strictly comparable with that of corresponding periods of previous year owing to: (a) sale of the Sponge Iron unit on May 22, 2009 and (b) the results of Idea Cellular Ltd. being consolidated as a Joint Venture in the corresponding periods of the previous year, whereas w.e.f. January 01, 2009, the same is being consolidated as an Associate....
NSE Announcements on Grasim
Posted by : MMB MessengerGrasim Industries Ltd. has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2009 as follows: Net Sales of Rs. 603775 lacs for half year ending on 30-SEP-2009 against Rs. 526345 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 154084 lacs for the half year ending on 30-SEP-2009 against Rs. 93369 lacs for the half year ending on 30-SEP-2008....
NSE Announcements on Grasim
Posted by : MMB MessengerGrasim Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2009 as follows: Net Sales of Rs. 298377 lacs for quarter ending on 30-SEP-2009 against Rs. 268526 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 67425 lacs for the quarter ending on 30-SEP-2009 against Rs. 41950 lacs for the quarter ending on 30-SEP-2008....
NSE Announcements on Grasim
Posted by : MMB MessengerGrasim Industries Ltd. has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2009 as follows: Net Sales of Rs. 468228 lacs for quarter ending on 30-SEP-2009 against Rs. 445245 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 78077 lacs for the quarter ending on 30-SEP-2009 against Rs. 48643 lacs for the quarter ending on 30-SEP-2008....
markets will move up today
Posted by : karshintoday markets will move up as undertone was strong yesterday. Bulls were trying to tighten their grip and advance and decline ratio had improved by the close of market....
