The deal involves upfront and deferred payments and Punj Lloyd Pte Ltd used to hold 27.78 percent stake in Olive Group Capital, the company said in a BSE filing. "Punj Lloyd Pte Ltd, a Singapore based wholly owned subsidiary of the Company, has sold its entire shareholding in Olive Group Capital Ltd, comprising 27.78 percent of its capital, for a total consideration of USD 20 Million for a mix of initial and deferred consideration," the company said.
The deferred payout is about USD 11 Million, which "shall be received with interest thereon," the company further said. Punj Lloyd Group had invested about USD 14 million in Olive Group Capital, which offers security solutions and has offices in the UAE, the US and the UK. The Olive Group Capital also provides security and risk mitigation solutions, serving the energy, national security and critical infrastructure sectors, its website showed.
Punj Lloyd, in its filing, also said that it has won a contract, on cost plus basis, for setting up of various infrastructure facilities including civil, structural, mechanical and electrical and instrumentation at a leading refinery in India. "The approximate cost of the said works are Rs 275 crore," the company said.
On October 23, 2013, Punj Lloyd closed at Rs 29.60, down Rs 0.6, or 1.99 percent. The 52-week high of the share was Rs 64.10 and the 52-week low was Rs 20.25.
The company's trailing 12-month (TTM) EPS was at Rs 0.58 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 51.03. The latest book value of the company is Rs 115.88 per share. At current value, the price-to-book value of the company was 0.26.
Anda sedang membaca artikel tentang
Punj Lloyd sells stake in Olive Group Capital for USD 20mn
Dengan url
https://gayafashionshow.blogspot.com/2013/10/punj-lloyd-sells-stake-in-olive-group.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Punj Lloyd sells stake in Olive Group Capital for USD 20mn
namun jangan lupa untuk meletakkan link
Punj Lloyd sells stake in Olive Group Capital for USD 20mn
sebagai sumbernya
0 komentar:
Posting Komentar