The document discusses concepts of demerger and slump sale as ways for companies to unlock value. It defines demerger as the separation of one or more business units from a parent company into an independent entity. This can be done either as a horizontal or structured demerger. It also defines slump sale as the transfer of one or more business units to either a third party or subsidiary for a lump sum consideration. The document provides examples of companies that have used demerger/slump sale to focus on core competencies, facilitate fund raising, de-risk business models, separate loss-making businesses, and monetize non-core assets.
Dam engineering: Building water reservoirs (either elevated or not) in cities in 21rst century urbanism of green cities is much more friendly than dam engineering)
Urban clap the facility to get everything done with a clap from beauty to salon to fitness or guitar classes, repairing or servicing and what not and all of that delivered at your footsteps.
Dam engineering: Building water reservoirs (either elevated or not) in cities in 21rst century urbanism of green cities is much more friendly than dam engineering)
Urban clap the facility to get everything done with a clap from beauty to salon to fitness or guitar classes, repairing or servicing and what not and all of that delivered at your footsteps.
Yes systems engineering, you are a disciplineJoseph KAsser
Systems engineering is currently characterized by conflicting and contradictory opinions on its nature. The paper begins by describing the evolution of systems engineering in the National Council on Systems Engineering (NCOSE)/ International Council on Systems Engineering (INCOSE) and the difficulty in defining and differentiating systems engineering as a discipline. The paper then identifies and discusses six different and somewhat contradictory camps or perspectives of systems engineering. After identifying the cause of the contradictions the paper suggests one way to reconcile the camps is to dissolve the problem to distinguish between the activity known as systems engineering and the role of the systems engineer with a return to the old pre-NCOSE systems engineering paradigm. The paper then continues by testing the hypothesis and shows that systems engineering is a discipline that can be differentiated from other disciplines. However, it is not a traditional engineering discipline.
Social media & web analytics innovation procopio-2012-04Michael Procopio
My presentation from the Social media & web analytics innovation conference April 2012 in San Francisco put on by theiegroup.com.
I cover examples of gaining insights on products from social media conversations
The performance achieved by today’s new
smartphones and tablets is enabling businesses
to come up with ever more innovative services
for their target audiences, but also with new
ways of working and interacting.
Among the many new mobile projects created
for our clients, we have been able to sense
the outstanding creative potential of these
tools, both for the design teams and the users
themselves, who are driving this (r)evolution
in phone use. More relevant and responsive
marketing campaigns through more detailed
knowledge of consumers (geolocation), which
has the added benefit of being available at any
time, improvements in customer relations with
a new and dynamic role for sales, instant
access to reliable data, more effective and
user-friendly marketing and communication
resources, increased compagny performance
and productivity through the simplification of
processes, faster deployment within teams, and
easier change management thanks to the sheer
fun and enjoyability of these new resources…
You will discover some of these many benefits
over the next few pages of this new edition of
SqliMag, entirely dedicated to mobile projects.
Our teams are bursting with ideas for new interactive
services and solutions, accessible via
these new devices. They can also help making
your new ideas become real…
Presentation on using Fuzzy Cognitive Mapping in social-ecological research. Fuzzy Cognitive Mapping is a procedure to involve stakeholders in research or management processes and a method to extract and analyze different kinds of knowledge about complex systems and their functioning.
So you did it. You sent your resume to everyone you know. You have scoured job sites.
But you haven't heard back on your resume. Or you are not been able to score interviews.
It's time to rethink your job search....
Read on to find out about the latest job trends and how you can adopt a completely different job search strategy.
More at http://www.careertiger.com
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
Yes systems engineering, you are a disciplineJoseph KAsser
Systems engineering is currently characterized by conflicting and contradictory opinions on its nature. The paper begins by describing the evolution of systems engineering in the National Council on Systems Engineering (NCOSE)/ International Council on Systems Engineering (INCOSE) and the difficulty in defining and differentiating systems engineering as a discipline. The paper then identifies and discusses six different and somewhat contradictory camps or perspectives of systems engineering. After identifying the cause of the contradictions the paper suggests one way to reconcile the camps is to dissolve the problem to distinguish between the activity known as systems engineering and the role of the systems engineer with a return to the old pre-NCOSE systems engineering paradigm. The paper then continues by testing the hypothesis and shows that systems engineering is a discipline that can be differentiated from other disciplines. However, it is not a traditional engineering discipline.
Social media & web analytics innovation procopio-2012-04Michael Procopio
My presentation from the Social media & web analytics innovation conference April 2012 in San Francisco put on by theiegroup.com.
I cover examples of gaining insights on products from social media conversations
The performance achieved by today’s new
smartphones and tablets is enabling businesses
to come up with ever more innovative services
for their target audiences, but also with new
ways of working and interacting.
Among the many new mobile projects created
for our clients, we have been able to sense
the outstanding creative potential of these
tools, both for the design teams and the users
themselves, who are driving this (r)evolution
in phone use. More relevant and responsive
marketing campaigns through more detailed
knowledge of consumers (geolocation), which
has the added benefit of being available at any
time, improvements in customer relations with
a new and dynamic role for sales, instant
access to reliable data, more effective and
user-friendly marketing and communication
resources, increased compagny performance
and productivity through the simplification of
processes, faster deployment within teams, and
easier change management thanks to the sheer
fun and enjoyability of these new resources…
You will discover some of these many benefits
over the next few pages of this new edition of
SqliMag, entirely dedicated to mobile projects.
Our teams are bursting with ideas for new interactive
services and solutions, accessible via
these new devices. They can also help making
your new ideas become real…
Presentation on using Fuzzy Cognitive Mapping in social-ecological research. Fuzzy Cognitive Mapping is a procedure to involve stakeholders in research or management processes and a method to extract and analyze different kinds of knowledge about complex systems and their functioning.
So you did it. You sent your resume to everyone you know. You have scoured job sites.
But you haven't heard back on your resume. Or you are not been able to score interviews.
It's time to rethink your job search....
Read on to find out about the latest job trends and how you can adopt a completely different job search strategy.
More at http://www.careertiger.com
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the what'sapp contact of my personal pi merchant to trade with
+12349014282
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
Unlocking value though demergers and slump sales
1. U n lo c k in g V a lu e t h r o u g h D e m e r g e r
a n d S lu m p S a le 5 August 2011
2. D e me rg e r - C onc e pt
Ho r iz o n t a l
De me r g e r
S h a r e h o ld e r S h a r e h o ld e
Issue of
s of rs of
shares as
Tr a ns fe r o r Tr a ns fe r o r
considerati
C o C o
on
Demerge Tra ns fe r o Tra ns fe r e
Tr a n s fe r o r C o
r of r C o e C o
B u s in e B u s i n eBusiness s f e r e
Tra n B u s in e B u s in e
ss A ss B B e C o ss A ss B
August 2011 Page 2
3. D e me rg e r - C onc e pt
St r uc t ur ed
De me r g e r
S h a r e h o ld e r S h a r e h o ld e r s
s of o f Tra ns fe r o r
Issue of Tr a n s fe r o r
shares as C o
C o
considera
tion
Tr a ns fe r o r
Tr a n s fe r o r C o
C o
B u s in e B u s in e B u s in e
ss A ss B ss A
Demerg
er of
Busines Tr a ns fe r e
Tr a ns fe r e e C o s B e C o
B u s in e
ss B
August 2011 Page 3
4. D e me rg e r - C onc e pt
P ros C ons
►Business ►Limited
segregation into leveraging
independent capacity
entities ►Multiple listed
►ROCE, RONW entities
separately ►Inability to
captured reflect fair
►Focused value of assets
management
►Market /
regulator
perception
August 2011 Page 4
5. S lu m p S a le - C o n c e p t
S l u mp S a l e t o S l u mp S a l e t o
t h ir d p a r t y s u b s id ia r y
S h a r e h o ld e r s S h a r e h o ld e S h a r e h o ld e r s
o f S e lle r r s o f B u ye r o f S e lle r In v e s t o r
C ompa ny C ompa ny C ompa ny
P o s s ib ilit y
o f fu n d
r a is in g
C o n s id e r a t
io n B u ye r
S e lle r S e lle r
C ompa n
C ompa ny C ompa ny
y
B u s in e s B u s in e s B u s in e B u s in e
s A s B S lu m p ss A ss B
S a le o f
B u s in e s s S lu m p
B S a le o f
B u s in e s s
B u ye r
B
C ompa n
y
August 2011 Page 5
6. S lu m p S a le - C o n c e p t
P ros C ons
►Ability to ►Shareholders
recognise fair perception
value of assets ►Income Tax
►Fund raising ►Prospective Vs
opportunity retrospective
►Accelerated tax ►No automatic
shelter listing
►Capital
structuring
August 2011 Page 6
7. W h y D e m e r g e r / S lu m p S a le ?
1. Focus on core competencies
2. Facilitate fund raising
3. De-risking the business model
4. Separation of loss making business
5. Monetisation of non core business
6. Exceptions to the Rule
August 2011 Page 7
8. F o c u s o n c o r e c o m p e t e n c ie s – B a ja j A u t o
L td
P re D e me rg e r s truc tu re
Promote
Public
r Group
28.9 67.7%
%*
B a ja j
A u to
Publ
ic
Alli All All
10 ian
49 24 anz ian
0%
% Maharas
% z z
Bajaj 50
Bajaj 50 74 26
htra % % Bajaj %
Auto 74 26 Allian%
Allianz
Scooter % z
Holdings %
Allianz Genera
Balancs financ
Bajaj Life l
e 27% ial
Insurance Insura
held by Distri
Publ Company
butor
nce Co
Bajaj Publ
Promot
ic
er
38
50 6% 95 ic
% 9% 4%
Group % PT%Bajaj 57
5% Bajaj Bajaj%
Auto ICICI
Auto Hindu
Indonesi Bank
Finance sthan
a Balance
34% held by
Bajaj
Promoter
*3.35% held by
Group Maharashtra Scooters
August 2011 Page 8 Ltd
9. F o c u s o n c o r e c o m p e t e n c ie s – B a ja j A u t o
L td
R e s u lt a n t s t r u c t u r e
Promote
Public
r Group
28.91 68
%* B a ja j H o ld in g s & %
In v e s t m e n t L t d
( E a r lie r B a ja j A u t o
48 21 30 L td ) 30 21 48
% % % % % %
B a ja j A u t o L t d
( E a r lie r B a ja j
B a ja j F in s e r v L t d
H o ld in g s a n d
In v e s t m e n t L t d )
► 2 -w h e e le r a n d 3 -
► W in d p o w e r b u s in e s s
w h e e le r b u s in e s s
► In v e s t m e n t in B a ja j A u t o
► In v e s t m e n t in P T B a ja j F in a n c e L t d
► In v e s t m e n t in In s u r a n c e
A u t o In d o n e s ia
►C a s h B u s in e s s
►C a s h
*3.35% held by
Maharashtra Scooters
August 2011 Page 9 Ltd
10. F o c u s o n c o r e c o m p e t e n c ie s – B a ja j A u t o
L td
P r e a n d p o s t d e m e r g e r v a lu e
Market capitalisation analysis (All figures in `Crores)
Company On Last trading day of combined entity Post demerger As on date
March 2008 May 2008 Aug 2011
Bajaj Holdings and Investment Ltd (Earlier 21,403 6,122* 8,463
Bajaj Auto Ltd)
Bajaj Auto Ltd - 13,673** 41,078
(Earlier Bajaj Holdings and Investment Ltd)
Bajaj Finserv Ltd - 10,128** 7,396
*BSE market cap as on Record Date
**BSE market cap on listing
August 2011 Page 10
11. F a c ilit a t e f u n d r a is in g – S . K u m a r
N a t io n w id e L t d
S lu m p S a le o f lu x u r y t e x t ile s d iv is io n
G IC
S in g a p o r e
Outside
India ndia
I
P ro mo te
P u b lic
rs
44.21% 55.79%
S K N Reid
L & Subsequent
Other Taylo infusion of
Busine r ` 900 crs
ss Divisio for 25.4%
Consider n Transfe stake
ation of
r of
` 350 crs
luxury
paid textiles
100%
R e id & division
on
T a y lo r slump
( In d ia ) sale
L im it e d basis
25.4%
August 2011 Page 11
12. F a c ilit a t e f u n d r a is in g – S . K u m a r
N a t io n w id e L t d
P r e a n d p o s t s lu m p s a le v a lu e
Market capitalisation analysis* (All figures in `crores)
Company Before announcement 6 months post
announcement
27 Nov 2007 28 May 2008
SKNL Market Cap 2,982 2,459
Reid & Taylor (I) Ltd At the time of investment by GIC Singapore – valued at
~ ` 3,540 crs
*Source: Company website,
BSE listings, news articles
August 2011 Page 12
13. D e -r is k in g t h e b u s in e s s m o d e l – S u n
P h a r m a c e u t ic a l
D e m e r g e r o f R e s e a r c h & D e v e lo p m e n t
d iv is io n
Promot
Public
ers
68.31% 31.69%
S u n P h a r m a c e u t ic a l
Issue I n d u s t r i e s R&D Division
L td
Innovative
of APIs, Research &
shares Generics development
Business Division
(Including
NCCDs)
Demer
ger of
R&D
S un P ha rma
Divisio
n
Ad va nc e d R e s e a rc h
C o m p a n y L im it e d
(S PARC )
August 2011 Page 13
14. D e -r is k in g t h e b u s in e s s m o d e l – S u n
P h a r m a c e u t ic a l
P r e a n d p o s t d e m e r g e r v a lu e
Market capitalisation analysis* (All figures in `crores)
Company First Last trading day of Post Demerger (On As on
announcement combined entity listing of SPARC) date
3 Feb 2006 30 April 2006 18 July 2007 4 Aug 2011
Sun Pharmaceutical 14,267 19,108 19,654 53,430
Industries Ltd
SPARC - - 1,718 1,840
*Source: BSE
listings
August 2011 Page 14
15. S e p a r a t io n o f lo s s m a k in g b u s in e s s –
A le m b ic L t d
D e m e r g e r o f c o r e p h a r m a c e u t ic a l
b u s in e s s
P ro mo te r
P u b lic
G roup
63. 36.
5% 5%
A le m b ic L t d
P ha rma c e u ti
La nd a nd
c a l b u s in e s s Key was
Power
(E xc e pt P e nG
A s s e ts a nd s e p a r a t io n o f
D iv is io n ) : la n d b a n k a n d
P e nG
A P Is & lo s s m a k in g
D iv is io n
F o r m u la t io n s P e n G d iv is io n
Demer fr o m c o re
ger 10
pha rma
b u s in e s s
0%
29.
45% 2% A le m b ic 25.
8%
P ha rma L td
August 2011 Page 15
16. S e p a r a t io n o f lo s s m a k in g b u s in e s s –
A le m b ic L t d
In d ic a t iv e v a lu e o f s e p a r a t e b u s in e s s e s
A le m b ic L t d A le m b ic L t d - S e p a r a t e b u s in e s s d iv is io n s *
( C o m b in e d ) *
F Y 10 ` O t h e r B u s in e s s e s C ore P ha rma
c rore s B u s in e s s
Net Sales 1,138 F Y 10 ` F Y 10 `
c rore c ro re s
EBITDA 116.8 Net 104 Net 1,034
s
Sales Sales
EBITDA 10% EBITDA -13.2 EBITDA 130
Margin
Depreciati 43 EBITDA - EBITDA 12.5%
on Margin Margin
EBIT(+oth 78 Deprecia 15 Deprecia 28
er income) tion* tion*
Interest 30 EBIT(+oth -28 EBIT(+oth 102
er er
EBT 48
income) income)
Interest 5 Interest 25
EBT 4%
margin % EBT -33 EBT 77
Tax 4
EBT - EBT 7.5%
PAT 40
*Depreciation split inmargin % of
margin % the ratio
35:65 in the ratio of split of assets
during demerger
# Interest split 15:85 in the ratio of
split of debt during demerger
Alembic Pharma Ltd has not been listed
on the stock market yet
*Source: Company financials,
research reports, news articles
August 2011 Page 16
17. M o n e t is a t io n o f n o n c o r e b u s in e s s –
Wo c k ha rd t L td
S lu m p s a le o f n o n c o r e b u s in e s s
P ro mo te r
P u b lic
G roup
73.6 26.3
4% 6%
Wo c kha rd t
L td V e t o q u in
N o n c o r e b u s in e s s e s ol S A,
A n im a l
N u t r it io n
H e a lt h Fra nc e
D iv is io n
D iv is io n S lu m p s a le o f n o n c o r e
a n im a l h e a lt h b u s in e s s t o
V e t o q u in o l, F r a n c e . M e d ia
S a le o f N u t r it io n D iv is io n r e p o r t s c la im e d s a le
a nnounc e d o n 3 Aug us t p r ic e t o b e ~ ` 17 5 –
2 0 11 t o D a n o n e 2 0 0 c rs
August 2011 Page 17
18. M o n e t is a t io n o f n o n c o r e b u s in e s s –
Wo c k ha rd t L td
S lu m p s a le o f n o n c o r e b u s in e s s
Market capitalisation analysis* (All figures in `crores)
Company First Post sale of Animal On announcement of sale
announcement Health Division of Nutrition Division
25 April 2009 2009 3 Aug 2011
Wockhardt Ltd 1,058 1,575 4,831
*Source: BSE
listings
August 2011 Page 18
19. E x c e p t io n s t o t h e R u le – P ir a m a l
H e a lt h c a r e L t d
S lu m p S a le o f d o m e s t ic f o r m u la t io n s
b u s in e s s
Payment of `
16,740 crs
as
A b b o tt
P ro mo te r consideratio a b o r a t o r i e s
L
G roup
P u b lic n
49.24% 50.76%
P ir a m a l
H e a l t h c aDomest
re L td Transfer of
OTC, ic Domestic
CRAMS Formul Formulations
ations Business on
Slump sale
basis
August 2011 Page 19
20. E x c e p t io n s t o t h e R u le – P ir a m a l
H e a lt h c a r e L t d
P r e a n d p o s t s lu m p s a le v a lu e (All figures in `crores)
Market capitalisation analysis*
Seller On announcement of On slump sale As on date
slump sale
21 May 2010 25 June 2010 04 Aug 2011
Piramal Healthcare Ltd 10,500 10,319 7,915
Counterintuitive movement - Erosion of overall value
of Piramal Healthcare Ltd
Remaining business operated at lower margins
*Source: Company website,
BSE listings, research
August 2011 Page 20 reports
21. E x c e p t io n s t o t h e R u le – G w a lio r
C h e m ic a l In d u s t r ie s L t d
S lu m p s a le o f m a in c h e m ic a l b u s in e s s
In 2009, Gwalior Chemical Industries Ltd (Now GeeCee Ventures Ltd) sold its main
Chemical Business to Lanxess India Pvt Ltd for ` 380 crs through a slump sale
M a r k e t C a p o n d a t e o f s lu m p s a le
a nno unc e me nt: ` 2 6 5 c rs
S lu m p s a le c o n s id e r a t io n : ` 3 8 0 c r s
Market capitalisation analysis* (All figures in `crores)
*Source:
BSE
August 2011 Page 21 listings
22. E x c e p t io n s t o t h e R u le – In d o A s ia n
F u s e g e a r L td
S lu m p s a le o f s w it c h g e a r b u s in e s s
In 2010, Indo Asian Fusegear Ltd sold its Switchgear Business to Legrand for
` 600 crs through a slump sale
Market capitalisation analysis* (All figures in `crores)
*Source:
BSE
August 2011 Page 22 listings