Monday, April 4, 2011

ALBRIGHT & WILSON CHEMICALS INDIA LTD - EVENT UPDATE

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

6 comments :

  1. Hi Value pick sir,

    can we enter AWCIL now ?

    Thanks
    shaik

    ReplyDelete
  2. sir it means one can enter in this scrip.
    it is trading at 52 wk high.is it right time?
    thanks

    ReplyDelete
  3. 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

    ReplyDelete
  4. Rhodia 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

    ReplyDelete
  5. Impressive 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.

    ReplyDelete
  6. any 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

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