L&T GRASIM CASE STUDY

There seemed to be some planning behind this exchange of stocks between Reliance and Grasim because the Reliance Group Reliance , which held 3. Kumar Mangalam Birla always wanted to become a major player in cement industry in India and worldwide. I am very happy to contact to landmaark why because they had provide quality marbles and tiles. This has enabled the brand to command a premium over the other cement brands. The campaigns was backed with direct marketing where the company officials met the odd stockists and authorised dealers explaining the brand and company policies. Accordingly, the cement business undertaking was transferred to and vested in UltraTech CemCo Limited.

Cement is basically viewed as a commodity and the industry is fragmented with around 50 players. In general, in takeover situations, the premium for corporate control has been anywhere between per cent and per cent of the market price levels in most deals of consequence. GACL was the most efficient player in the cement industry, which justified its premium valuation. Based on operational parameters, Cemcos was expected to trade at a discount to Gujarat Ambuja as well as ACC on listing. If CDC decided to hold on to the debentures, it could redeem them in three equal installments between and Comments from both sides We are not the buyer who would naturally look for the lowest valuations. There are also two independent directors — R.

Part of this premium could be attributed to a premium for acquiring controlling stake in the company through the offer.

A Takeover Battle – Grasim vs. L&T

Total investment outlay was around crore. According to this plan, the cement unit was to be demerged into a separate entity which would be listed on the stock exchanges. There seemed to be some planning behind this exchange of stocks between Reliance and Grasim because the Reliance Group Reliancewhich held 3. Its sale of cement stood at 3. Significantly, Grasim had paid Rs Acquisition of Terapia, Romania by Ranbaxy Laborat Rajashree Birla and Mr.

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l&t grasim case study

If CDC decided to hold xase to the debentures, it could redeem them in three equal installments between and Marble tiles are very clean looking good and superb. L&y sold this entire stake to Grasim at Rs Net profit grew by per cent from Rs. The scheme of arrangement for the demerger of the cement business, sanctioned by the Honorable High Court of Bombay, became effective from Friday, 14 May, Landmarks is the top company in Studg to sell the materials, marbles, tiles cement etc.

The strike price was fixed as Rs per share. Based on operational parameters, Cemcos was expected to trade at a discount to Gujarat Ambuja as well as ACC on listing.

Landmaark is the best company about fitting dealers and flooring tile dealers. Net profit for the quarter amounted to Rs crore, up from Rs The offer had opened on June 7 and closed on June 21 This has enabled the brand to command a premium over the other caee brands.

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l&t grasim case study

They were advised by BCG as early as to come out of cement business gradually and focus on their more profitable engineering and defense business. They helped them with valuation of company.

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Kumar L& Birla always wanted to become a major player in cement industry in India and worldwide. In one stroke, Grasim has catapulted to the top spot in the cement sector as well as stalled the possible entry of an international major.

So inorder to command a premium, the brand had to show a significant differentiation. Hence the name Ultratech was chosen. Total cash inflow for Grasim at around Rs. There are also two independent directors — R.

View my complete profile. Despatches at Grasim Cement moved up We believe that it will take about two to three years for UltraTech to provide a competitive return on the aggressive price offered to its shareholders.

Accordingly, the cement business undertaking was transferred to and vested in UltraTech CemCo Limited. This meant a final price of Rs per share was on offer to all those tendering their shares in the open offer.