Alstom Projects India (APIL) has received a final approval for the demerger of boiler business of the company into a wholly owned subsidiary of the company - ALSTOM Boilers India (ABIL). The board at its meeting held on October 25, 2011 has approved for the same.
This demerger is subject to requisite consents, approvals, sanctions, permissions and filings with concerned authorities. The appointed date for the proposed scheme of demerger shall be April 01, 2011, or such other date, as the board of the company and ABIL may approve.
Further, on the basis of the valuation undertaken by an independent valuer, the board has granted its final approval to the share swap ratio of 1:1, meaning thereby that every shareholder of the company holding one fully paid-up equity shares of Rs 10 each in the company as on the record date shall, upon sanction of the scheme of demerger and upon it becoming effective, be entitled to receive one fully paid-up equity shares of Rs 5 each in ABIL.
APIL is India’s leading environmental control systems provider with 3 GWs worth of orders, accounting for about 50% market share. The company is well positioned to serve India’s growing hydro needs. Projects currently under execution include the 2000 MW Subansiri Lower hydroelectric power plant in the states of Assam and Arunachal Pradesh, India’s largest hydro project.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3630.60 |
| Rail Vikas Nigam | 433.00 |
| NCC | 287.25 |
| KEC International | 1232.00 |
| Kalpataru Projects | 1275.40 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
