Sir Shadi Lal Enterprises Ltd (532879)

Triveni Engineering May Have to Pay More for Controlling Stake in Sir Shadi Lal Enterprises - 30 Apr, 2024

Proxy advisory firm InGovern has said that Triveni Engineering may have to pay more than its current open offer or exit its investment in Sir Shadi Lal Enterprises as a transaction at the current price remains unlikely.

Triveni Engineering's Open Offer for Sir Shadi Lal Enterprises Likely to Fail - 29 Apr, 2024

InGovern Research Services has raised concerns that Triveni Engineering & Industries' open offer for Sir Shadi Lal Enterprises is likely to fail as the market price of Rs 280 is much higher than the offer price of Rs 262.15 a share. The independent directors of SSLE have also raised concerns on the valuation, stating that the offer price was grossly under-priced.

InGovern Report Raises Concerns Over TEIL's Offer for Sir Shadi Lal Enterprises - 28 Apr, 2024

An InGovern report has raised concerns over the offer price made by Torrent Energy Investments Limited (TEIL) to acquire a controlling stake in Sir Shadi Lal Enterprises Ltd. The report states that the offer price is very low compared to the valuation recommended by independent directors of SSLE, leaving minority shareholders confused about the true value of their shareholding. There is also a possibility of a potential deadlock between two sets of shareholders, which could prove detrimental to all stakeholders of SSLE.

Triveni Engineering's Bid for Majority Stake in Sir Shadi Lal Hits Roadblock - 04 Apr, 2024

Triveni Engineering's open offer to acquire a majority stake of 51% in Sir Shadi Lal Enterprises has hit a roadblock as it struggles to buy the desired shares. Triveni may have to sell its stake or pay a higher price to minority shareholders, but it cannot put more money into a bad investment after already paying ₹262 crore. The share price of Shadi Lal may return to what it was before the stake purchase if Triveni exits.