Adani Enterprises down nearly 80 percent, now what to do?
There is nothing to worry about Adani Enterprises, which has crashed nearly 80 percent today. Why not to worry about the crash? Cause it is the price correction correlated to the scheme of Arrangement and Demerger.
As per the company’s announcement on May 26, 2016, they had fixed June 04, 2015 as record date for the purpose of Scheme of Arrangement and Demerger.
As per announcement, the company has merged the power and port business with Adani Power and Adani Port & SEZ. Further, the company will transfer its power transmission business to new unlisted entity Adani Transmission, which will be getting listed on the stock exchanges soon. Post listing, the new entity will issue shares to Adani Enterprises in the ratio of 1:1.
So, how an investor is not losing post demerger?
Simple, post demerger, if an investor was holding 100 at yesterday’s closing of Rs. 637.00 now quoting at Rs. 112.00 a loss of Rs. 519.00 per share. But he will get 186 shares of Adani Power now quoting at Rs. 31.00 and 141 shares of Adani Port & SEZ now quoting at Rs 300.00. Plus he will be getting 100 shares of Adani Transmission which will be getting listed soon.
So its wait and watch for the investors for now on how the company newly allotted shares is going to perform in near future, plus what will be the price value of the to be listed shares of Adani Transmission.
As per the company’s announcement on May 26, 2016, they had fixed June 04, 2015 as record date for the purpose of Scheme of Arrangement and Demerger.
As per announcement, the company has merged the power and port business with Adani Power and Adani Port & SEZ. Further, the company will transfer its power transmission business to new unlisted entity Adani Transmission, which will be getting listed on the stock exchanges soon. Post listing, the new entity will issue shares to Adani Enterprises in the ratio of 1:1.
Simple, post demerger, if an investor was holding 100 at yesterday’s closing of Rs. 637.00 now quoting at Rs. 112.00 a loss of Rs. 519.00 per share. But he will get 186 shares of Adani Power now quoting at Rs. 31.00 and 141 shares of Adani Port & SEZ now quoting at Rs 300.00. Plus he will be getting 100 shares of Adani Transmission which will be getting listed soon.
So its wait and watch for the investors for now on how the company newly allotted shares is going to perform in near future, plus what will be the price value of the to be listed shares of Adani Transmission.
Posted on: 04/06/2015 03:00:00 PM
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