I just came across a news that FMCG firm Jyothy Laboratories Ltd (JLL) , that makes and sells UJALA fabric wash detergents, has offered to acquire up to 20 per cent more stake in Henkel India in an open offer value at around Rs 96 crore.
This open offer at Rs 41.20 per share, would start on June 24 and end on July 14.
Jyothy Laboratories had declared last week that it would acquire 50.97 per cent stake in Henkel India Ltd (HIL) from Germany-based Henkel AG & Co for Rs 118.7 crore.
After owning that the 20 per cent thru open offer (if it gets fully subscribed), JLL will own 85.87 per cent in Henkel India.
It is one more incident that Indian company is buying out a unit from an MNC. Although it is a small buyout, it is significant for a mid cap company like Jyothi Laboratories. It should significantly make additions in topline of the company. Bottomline impact in future needs to be scrutinized. What needs to be looked at is, Jyothi Laboratories has been growing at a decent pace as a business.
It's stock has zoomed from Rs 50 levels to Rs 200 levels in past 2 years which indicate growth that company is experiencing.
One should watch this small FMCG stock from future perspectives. It might prove to be a good bet.
I will soon post stock analysis of Jyothi Laboraties to see if we can benefit from this mid cap stock and it's growth. Watchout.
This open offer at Rs 41.20 per share, would start on June 24 and end on July 14.
Jyothy Laboratories had declared last week that it would acquire 50.97 per cent stake in Henkel India Ltd (HIL) from Germany-based Henkel AG & Co for Rs 118.7 crore.
After owning that the 20 per cent thru open offer (if it gets fully subscribed), JLL will own 85.87 per cent in Henkel India.
It is one more incident that Indian company is buying out a unit from an MNC. Although it is a small buyout, it is significant for a mid cap company like Jyothi Laboratories. It should significantly make additions in topline of the company. Bottomline impact in future needs to be scrutinized. What needs to be looked at is, Jyothi Laboratories has been growing at a decent pace as a business.
It's stock has zoomed from Rs 50 levels to Rs 200 levels in past 2 years which indicate growth that company is experiencing.
One should watch this small FMCG stock from future perspectives. It might prove to be a good bet.
I will soon post stock analysis of Jyothi Laboraties to see if we can benefit from this mid cap stock and it's growth. Watchout.
