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
