What happened to Jyothy Labs!!! - The news hung on to the weekend

Sunday, March 20, 2011

Well, the low key approach from the promoters or otherwise, the assymetric news flow in the markets remains a bigger conundrum to solve even as traditional markets like India get evenly jelly bellied on discussions of the term srelated to "indsider" insider trading, inside news, inside man, inside ..you know the drill. 

Jyothy Labs however seems sitting pretty on a big deal with the 14.9% stake buy a precursor to an offer for the entire 51% stake of Henkel in the big brand discount sale with the TN Petro subsidiary. Not only is the company negotiating for a price nearer the 35 it offered to the first sale. It is also hoping for a quick sale / open offer at the mandated 52 bucks per share just over a Dollar a share for the portfoliowell worth nearly a Billlion compared to the current pricing at 900 crores for the entire company. Even at the listed market rates of $1.2 per share the valuation comes to a niggly $ 0.25 billion a cool $250 million for this retail lifestyle purchase with substance. 

Posted via email from The investment blog on Post

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