Joined: 01/Jan/2006
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Posted: 04/Sep/2006 at 2:57pm
Raghav is selling off his personal stake in TV 18 and he will be alloted shares in the holding company (Network 18) so he still manages control of thsi company.
The problem arose because Govt wanted single largest indian shareholder to hold more then 51% and Raghav held only 26% in Tv 18. The new company Network 18 will hold 51% in Tv 18 and Raghav will have 51% of Network 18 thus effectively Raghav controls (51% of 51%) that about then 26% in Tv 18.
So Raghav is selling off his Tv 18 stake to be alloted shares in Network 18.
Now Network 18 will be listed and each shareholder of Tv 18 shall receive shares in Tv 18 as well as in network 18. They would spin off and Web 18 sometijme next year once their various internet properties achieve traction.But Web 18 is not confirmed and for the other two everything has been decided.
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Joined: 01/Jan/2006
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Posted: 04/Sep/2006 at 3:24pm
Investors will get 12 shares of network 18 and 14 shares of TV 18 against each Rs 5 paid up share of Tv 18.
Right now Tv 18 is Rs 10 paid up and is about to be split into two shares of rs 5 each.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 01/Jan/2006
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Posted: 04/Sep/2006 at 4:49pm
Thanks. Should happen any time now.
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Sorry, I meant that please draw the plan as to what should be the present value of GE Shipping as per the drawing you laid out for Split Cement and Split Construction Limited.Can you arrive at the likely post-merger market capitalization of both the entities.
Joined: 01/Jan/2006
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Posted: 04/Sep/2006 at 5:13pm
Got it but to do that oen must have details of the division. can you send me the details on Pm by looking at the data I have taken for the Split Ltd analysis. Broad detail will also do.
Do not follow GE so would be dicey. Let me try!
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