Synegnta
India Ltd part of Syngenta AG was incorporated in 2000 to manufacturer and
supply Agro Chemicals, active ingredients, Formulates pesticides, herbicides,
and fungicides. It is also engaged in processing and selling of crop and
vegetable seeds in India and abroad. Syngenta India has its manufacturing units
located at Goa, Karnataka, Andhra Pradesh and Telengana.
Listing
Status: Syngenta India Ltd stands as an “Unlisted” company with 91.46% promoters
holding. It got delisted from BSE in
2007. (Click
– Delisting
Offer)
Financial
Highlights: (All Fig. in Crs.)
Particulars
|
FY 2017
|
|
Total Income
|
2886.72
|
2799.53
|
PAT
|
282.79
|
288.33
|
EPS
|
85.84
|
84.18
|
Equity Paid Up
|
16.47
|
16.47
|
Face Value
|
5
|
5
|
Book Value
|
849.52
|
770.96
|
Dividend (%)
|
100%
|
100%
|
Upcoming
Event: Reduction of Public Shareholding
Syngenta
India Ltd vide its EGM notice dated 8th Dec, 2017 proposes to reduce
its equity share capital by cancelling / extinguishing public holding of 3.59%
i.e 11,81,036 shares subject to shareholders and NCLT approval. Public
shareholders of Syngenta India will be paid Rs. 2445/per share for
the shares held by them which are to be cancelled. Effective date of share cancellation will
be decided after the NCLT in accordance with the provisions of Section
66 and other applicable provisions of the Act and the Reduction
Rules, gives permission for the same.
NCLT
has already initiated the proceedings for review of company’s petition
(Petition No. 771 of 2017) for approval and will be heard and disposed off in
normal due course. The next date of hearing is on 17th Jan, 2019.
Thus
based on stable growing fundamentals and upcoming liquidity opportunity in way
of Buy Back (i.e Capital Reduction), we recommend “Buy- Syngenta
India Ltd” for very short run time frame.
For buying and selling any unquoted /
unlisted / delisted or suspended shares in physical or demat you can reach us
at Contact No.91+ 09215709100 or Email us on mittalmanish2003@gmail.com
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