Waterbase (promoted by Vikram Thapar group, but post family split, it is now part of Karamchand Thapar group) board approved yesterday the scheme of merger with Pinnae Feeds ltd which was part of Karamchand Thapar Group. The scheme approved in my view is favorable to waterbase shareholders.
1. Waterbase capacity goes up 3 times.
2. Waterbase Equity capital goes up from 38.6 Cr to 40.95 Cr. This will not significantly dilute the EPS of the merged entity.
3. Pinnae Feeds was set up with a…
Waterbase – Can it be next Avanti Feeds?
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