Just as a note for the boarders: The author of this thread joined the forum on June 21 and has only posted in this thread with only material which has projected the company in positive light.
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Summary: Getting a small airport + defence business at 133 Cr (CMP: 52.60) looks like a good deal.
With India’s concentrated population and growing travel needs, # of people who will travel by Air will increase YoY.
Secondary airports will fuel further passenger growth.
GVK has sold the stake in Bangalore Airport for 1290 Cr (10% - deal signed in June 2017) and 2202 Cr (33% - deal signed in Mar 2016). Which values the bangalore international airport conservatively between 8100 Cr if we extrapolate the numbers.
Taal has good potential for growth.
Disclosure: Interested. Tracking. Not invested yet.
Passengers from Chennai can fly to Hosur in 2 months
: Times of India
… Hosur airport is owned by Taneja aerospace bse listed company… Trading at just 120 cr valuation…
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Old News
Taal Tech is a subsidiary of Taal Enterprises ltd (85%), which is a listed (BSE) company.
dec results
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hi, thanks! its a great blog post! and you got the direction right!
just a quick question - do you know what “Domestic conversion charges” actually means? You will find it under the “Services – Aviation” category of revenue breakup in the annual report.
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^ taneja has investment here as institutional investor
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Taneja Aerospace and Aviation Ltd (TAAAL) announced on December 19, 2023 that it will consider raising funds through the issue of equity shares through preferential issue on December 26, 2023. The funds will be raised through Section 42 and 62 of the Companies Act, 2013.
Promoter Holding goes up : Now = 51.85%
Is that done at 351 INR (dividing value by number above)?
