SPECIAL SITUATONS STOCKS
Following are some scrips that are going under special situations via form of Spin off, Splits, Demerger and Deleveraging
Potential Risk:
Following Information is collected and complied from Internet there might be some information which may not be updated or might actually not play out. Please do your own due diligence on it. For example some company might drop plan of demerger and go via IPO to raise money there is also chance of given event taking 2-3 years to play which will affect opportunity cost of capital (Eg: Jubilant Pharmova and Ingrevia took 2-3 years)
Demerger Proposals:
- Motherson sumi Ltd ( Domestic wiring harness business will be demerged)…Takes 2-3 months.
- GHCL (Home textile company will be demerged).Takes 4-5 Months
- NMDC (Steel company with 3 MTPA will be demerged)…Takes 5-6 months
- Aarti Industries (API Pharma company will be demerged)…Takes Approx 10 months
- Kamdhenu Ltd (Paint company will be demerged)…Takes 10 months
- GMR Ltd (Airport company will be demerged)…Takes 3-4 months
- Strides Pharma (Bio-Tech business Stelis bio will be demerged)…Takes 12-14 months…
- Tips Industries
- Raymond Ltd
- Rupa Industries
- National Peroxide
- Forbes and Co (Eureka Forbes will be demerged and will sell off to PE)
- Dhampur sugar mills
- Genus power infra (demerger of Genus Prime infra - An investment company)
- Arshiya Ltd (Demerger of Arshiya Rail infrastructure Ltd…)
- Vakrangee Ltd (Physical and Digital business will be demerged)
Mergers in Pipeline:
- Indiabull real estate Ltd will be merged with Embassy Group (real estate) Company name will be changed to Embassy Real estate ( not sure on the name)…
- Solara Active Pharma will be merged with Aurore life science, Empereyan life sciences,Hydra active pharma…Solara will be bigger company post merger.
- APL Apollo tubes (Apollo tricot is getting merged with APT)
- Expleo solution (consolidation or merger of group’s privately held cos with listed entity)
Promoters/ management change:
- PNB Housing (Carlyle is taking over the promotor/mgmt)
- Indiabull real estate (Embassy would be the new promotor)
- Ruchi Soya (New promotor - Pathanjali too)
- Renuka sugars (New promotor - Wilmar sugars Singapore)
- Thyrocare
- Anjani Portland cement (Aquisition of Bhavya cement with similar capacity)
Capital reduction:
- Supreme petchem
- Subex
- Kesoram
Debt restructuring:
- Kesoram
- Suzlon
Demerger proposal
(Company may announce shortly but they have intention to demerge)
- Piramal enterprises
- Ganesh Benzo
- Jubilant Industries
- Edeilweiss finance (wealth mgmt business)
- Aurobindo Pharma (Injectables business will be demerged)
- Max venture Ltd (Speciality package business will be demerged)
Deleverage Company
(I havent studied them in detail yet found few notable)
- Gulshan Polyols
- Godawari Power & Ispat (Completely debt free)
Note: I am not including Global cyclical company like Steel or Domestic cyclical like cement because in top of cycle mostly whole industry deleverages.
Notable mentions: Relisting of Shares
Meghmani Organics is delisted already (May FY21) and will be listed in Q2 FY22 into
1)Meghmani Organics (Pigment & Agrochemicals) intially name decided was Meghmani Organochem
2) Meghmani Finchem (Chlor- Alkali & higher derivatives)
Due to length constrain i am not adding more rationale on the above companies in detail
If I have missed any significant special situations or if there is any change in it, I will be really glad to hear about it.