Few updates from the company
05-08-2021
- Sanmar IPO will be 3850 cr. (1300 cr. Fresh issue + 2550 cr. offer for sale by Sanmar group)
- Fairfax’s stake is 42.9% on full-dilluted basis which will probably be reduced to 23.6% (value is $438.5 mn as on June 30, 2021)
08-08-2021
- Buyback tender offer concluded at $14.9 (7.047 mn shares; $105 mn; 4.7% of outstanding shares)
- This will increase book value from $19.26 (June 30, 2021) to ~$20
16-09-2021
- 11.5% of interest in Anchorage was finally sold for $129 mn (950 cr.). This implies Bangalore airport valuations of 18970 cr. ($2.6 bn)
- Invests 488 cr. ($66mn) for 67% equity stake in Maxop Engineering in 2 transactions. In 1st transaction (to be completed by Q4CY2021; completed on 30.11.2021), will invest 222 cr. for 51% stake and then 266 cr. for further 16% stake (to be completed by H2CY2022).
- Maxop is a precision aluminum die casting and machining solution provider for aluminum die casting components used by the automotive and industrial sectors, with customers in India, Asia, North America and Europe. Maxop is based in New Delhi and operates with four plants in Manesar, Haryana and two plants in Jaipur, Rajasthan.
26-01-2022
- Invested 245 cr. (~$33mn) for 70% stake in Jaynix Engineering Private Limited
- Jaynix is a manufacturing company engaged in production of non-ferrous electrical connectors and electrical assemblies and is a critical Tier 1 supplier to major electrical original equipment manufacturers in North America and Europe
- Jaynix is based in Gujarat and operates with three plants, one in Vadodara, Gujarat and two in Nashik, Maharashtra
- Family owned by Diwakar family and will be operated by them only
Disclosure: Invested (position size here)