Wednesday, July 13, 2011

Timken India As A De-listing candidate At Rs 320?

  • Global experience – Annual report shows List of subsidiaries showing ~69 subsidiaries worldwide out of which only 2 of them incl India are listed

  • 80% sh holding has to be brought down (because of the 25% public float norm)

  • 3 yr window for companies to comply with 25% sh holding norm.

  • Shifted entire India holding via Mauritius in 2010
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