Inefficient Markets or Inefficient Valuation !? ~ Saint-Gobain Sekurit is to amalgamate into Grindwell Norton

Inefficient Markets or Inefficient Valuation !? ~ Saint-Gobain Sekurit India (SGSI) is to amalgamate into Grindwell Norton (GN)

The Ratio is One Share of GN of  Face Value Rs 5(currently quoting @ Rs 259) for every 17 shares of Face Value Rs 10 of SGSI (currently on lower circuit of Rs 2o.25 )

Of course rationally all SGSI Shareholders should exit as the Market Price Gap is @ Rs 100 considering the Amalgamation Ratio ! ~ the Book Values of both listed companies indicated a better ratio of 1:12

Check out the details just posted on SCRIP STANDPOINT Module on my company website

Unfair Amalgamation Ratio of 1:17 ?~ Saint-Gobain Sekurit India into Grindwell Norton ~ 29-Apr-2013

Minority Shareholders of SGSI are just flies being shooed off  yet again after a failed delisting attempt by SGSI  in June 2012!

SEBI  needs to intervene to protect minority shareholders and to confirm which is Inefficient ~ Market or the Valuation !

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