indiabull
01-12-2007, 07:04 AM
With reference to the earlier announcement dated July 31, 2007, September 07, 2007 and October 22, 2007, Ingersoll Rand India Ltd has informed the BSE that the sale of Utility Equipment, Attachments and Bobcat Business to Doosan International India Pvt Ltd for a consideration of Rs 1,031,000,000 has been completed on November 30, 2007.
Sale of Utilities business to Doosan-Rs 103.10 crore Sale of Road Constn Business to Volvo-Rs 230 crore Cash in Hand March 31, 2007-Rs 250 crore Add First Half Profits-Rs 22 crore
Total Cash in Hand-Rs 605 crore (Before Capital Gains Tax)
Ingersoll Rand Equity Rs 31 crore
Cash Per Share: Rs 195 per share
Compressors Business with an Annual Turnover of approximately Rs 450 crore, growing at 15 per cent per annum and after tax profits of Rs 45 crore or an EPS of Rs 15 share is the only business left with Ingersoll Rand India, a 74 per cent subsidiary of Ingersoll Rand USA.
The Compressors business of Ingersoll Rand is now available for Rs 125-Rs 130 per share or a PE of 8.
Do you have a better Investing Opportunity?
Sale of Utilities business to Doosan-Rs 103.10 crore Sale of Road Constn Business to Volvo-Rs 230 crore Cash in Hand March 31, 2007-Rs 250 crore Add First Half Profits-Rs 22 crore
Total Cash in Hand-Rs 605 crore (Before Capital Gains Tax)
Ingersoll Rand Equity Rs 31 crore
Cash Per Share: Rs 195 per share
Compressors Business with an Annual Turnover of approximately Rs 450 crore, growing at 15 per cent per annum and after tax profits of Rs 45 crore or an EPS of Rs 15 share is the only business left with Ingersoll Rand India, a 74 per cent subsidiary of Ingersoll Rand USA.
The Compressors business of Ingersoll Rand is now available for Rs 125-Rs 130 per share or a PE of 8.
Do you have a better Investing Opportunity?