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Moneycontrol.com >> Message Board >> View Messages >> Eicher Motors
   You are here :     Moneycontrol     MMB    Stocks      Eicher Motors                         Most active discussions of 2006 , 2007 & 2008
its a lotterry for eicher motors (1)   18-Jun-08 00:41Tracked by (0)  
Posted by:   overmars on ( 18-Jun-08 00:41 )
Price : BSE: Rs 274.65 ( 0.05 % ), NSE: Rs. 275.65 ( -0.36 % )
202.20 crores - to eml
260 crores - Capital bonds
1082 crores they will pump into JV - in turn receive 45.6% of equity in JV
54.6% of JV will be held by EML - JV is a subsidary of EML
157 crores for promoters for 8.1% stake
39 crores to promoters as non competent fee
39 crores to EML as non competent fee

Finally
-------------

EML in CASH

202 crores + 39 crores + 260 crores + 210 crores for transfer of business (this is out of 1082 crores pumbed by

Volvo to JV) = 711 crores in cash

+

It will be debt free

+

EML will have
1: 54.6% equity of JV ( around 1200 crore worth of equity) - financial consolidated wih EML
2: Royal enfield
3: Distribution of trucks and buses
4: service


Promoters
157 crores + 39 crores

JV

1082 or 900 crores (900 crores is including transfer of business) will paid in cash by Volvo to JV for its stake

of 45.6%. This would be used for expansion of JV.


Point to be noted.

About 92 crores out of 711 crores they are using to buyback shares.
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