BASF India rose 0.81% to Rs 244 at 10:40 IST on BSE after its promoter BASF SE announced a voluntary open offer to the shareholders of BASF India to purchase up to 62.9 lakh shares at Rs 274 each.
The stock hit a high of Rs 261 and a low of Rs 243 so far during the day. The stock had a 52-week high of Rs 344 on
The company’s current equity is Rs 28.19 crore. Face value per share is Rs 10.
The current market price of Rs 244 discounts its Q4 March 2008 annualised EPS of Rs 6.26, by a PE multiple of 38.97.
The open offer price of Rs 274 represents a premium of 12.29% over the currrent price of Rs 244. The offer constitutes 22.3% of the total issued share capital of BASF India and the total purchase consideration is Rs 170 crore. The parent currently holds 52.69% in BASF India.
BASF India's net profit rose 20.2% to Rs 4.41 crore on 20.3% rise in sales to Rs 193.36 crore in Q4 March 2008 over Q4 March 2007.
BASF India's principal activity is to manufacture expandable polystyrene (used as packing or insulation), leather auxiliaries, finishing agents, pesticides and tanning agents.
No comments:
Post a Comment