I have recommended Albright and Wilson Chemicals @ Rs.185 (Click HERE to read the old posting) which is currently trading around Rs.280/- .In an important development , the Belgian chemical giant Solvay launched a 3,4 billion euro takeover bid for French Chemical company Rhodia . Rhodia UK (Part of Rhodia France) is the parent company of Albright and Wilson Chemicals India Ltd .Earlier the BSE listed Solvay Pharma was taken over by Abbot group and this listed entity is going to merge with Abbot India . So, Solvay is expected to work in India through AWCIL( the only fully owned company of Rhodia in India) going forward.An open offer by SOLVAY for AWCIL is also a possibility . (Indirectly the ultimate parent is changing) .Even if the open offer is excluded in any case Solvay's strength will surely help AWCIL to perform better in the future, by all means.
Enjoy the Investment
Enjoy the Investment
Hi Value pick sir,
ReplyDeletecan we enter AWCIL now ?
Thanks
shaik
sir it means one can enter in this scrip.
ReplyDeleteit is trading at 52 wk high.is it right time?
thanks
Hi if i have understood correctly you have said that the open offer can be excluded. Is that possible I personally don't think so as per SEBI rules they need to give an open offer. Please let me know on what basis you are saying so. Awaiting Reply Thanks
ReplyDeleteRhodia UK is the parent company of AWCIL and Solvay taking over Rhodia France .Final verdict may decided by SEBI as in the case of Bausch and Lomb
ReplyDeleteImpressive news...i bought after bit study myself along with your sharp analysis...i think this stock is for decades as the chemical is used in recurring business sectors like perfumes etc.
ReplyDeleteany updates on the stock? regarding if the open offer will take place or not? any estimated price? has the open offer process started for Rhodia share holders?
ReplyDelete