Rydak Syndicate and Dhelakhat Tea Co Ltd, which are involved in tea harvesting and manufacturing, are merging. I know you might be wondering, with Dhelakhat's revenue growing by 27% and their PAT (Profit After Tax) being positive, why are they merging?
Look, when two companies come together, they aim to expand their business.
But what's the benefit for investors in this deal? Look, if you currently own 1000 shares of Dhelakhat, you will get 325 shares of Rydak in exchange. So how is this profitable? Currently, the price of Rydak's share is Rs 605 and Dhelakhat's share price is Rs 77. The value of 1000 Dhelakhat shares at Rs 77 each is Rs 77,000, while the value of 325 Rydak shares at Rs 605 each is Rs 196,625. Additionally, after this merger, the price per share of Dhelakhat will be Rs 196. So, isn't this profitable?
If you want to know more about the pre-IPO and investment opportunities in India, contact the given number: +91 70655 60002.
About Rydak Syndicate:
Rydak Syndicate Limited is primarily engaged in harvesting, manufacturing, and selling of tea. By transforming one of its historic bungalows into a commercial property, the firm has also started operating commercially as a Tea Tourism enterprise in the Dooars Region under the name of Baradighi - The Bungalow.
The company's largest stakeholder and primary provider of the majority of its goods and services is Jardine Henderson Limited.
The company has 6 tea estates which are located in Assam and Door's region of West Bengal and have total land of 3500 hectares for the cultivation and manufacturing of tea.
After the merger of many tea enterprises, including Rydak, Central Cachar, Baradighi, and Mangaldai, the corporation was founded in 1900, and headquartered at Kolkata.
Rydak Syndicate Ltd Research Report
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