AFTEK TAKEOFFS *=*=*=* LONG WAY TO GO ?
AFTEK has taken off after a long wait. Aftek Ltd has informed BSE that Seekp= ort AG, a Swiss entity in which the Company’s Munich based wholly-owned subs= idiary, Arexera Information Technologies GmbH (Arexera) holds 24.75% stake, = has been listed on Frankfurt Stock Exchange on September 12, 2007. Based on = the Bid Price of 4.75 Euro per share, the total valuation of the Company wor= ks out to Euro 475 millions and the same is expected to settle down during a= few trading sessions.
It may also be noted that Arexera had acquired the aforesaid stake in Seekpo= rt AG by transfer of technology only. =20 =20 If it settles down around the same price, it comes to around Euro 117.56 m= illion for Aftek’s 24.75 % stake which makes around Rs 640 crores. Total out= standing shares are 8.73 crores which is equal to Rs 73 per share of Atek. =20 AT current Markey price of Rs 73.65 you get all other business free. =20 May be my calculations are wrong, members please share their views. =20 NINA
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