WEALTH CREATION
The Group since inception has believed in wealth creation for the stakeholders and
has held the interest of the stakeholders, as the guiding philosophy in all its
actions. The Group has been consistent in creating value for the shareholders.
The Group since inception has believed in wealth creation for the stakeholders and
has held the interest of the stakeholders, as the guiding philosophy in all its
actions. The Group has been consistent in creating value for the shareholders.
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A depiction of the value created in the form of market cap is shown below
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Cash returned to shareholders (Since 2006)
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Particulars
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Financial Period
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Amount (US$.Mn)
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Dividend @ US$ 0.51/Share
Dividend @ US$ 0.06/Share
Buyback of Shares @ US$ 7.50/Shares
Dividend @ US$ 0.08/Share
Proposed Buyback of Shares @ US$ 5.42/ Share
Proposed Dividend @ US$ 0.62/share
Open offer/Creeping Acquisition by promoter of GTL
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FY 2005-06
FY 2006-07
FY 2007-08
FY 2007-08
FY 2008-09
FY 2008-09
Since 2006
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42.43
5.44
64.91
7.11
46.88
6.8
103.54
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Total Cash returned to shareholders |
277.19 |
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* Exchange rate considered as prevailing at the time of exercise |
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The Group’s holding company – Global Holding, believes that the business of the
group companies are highly scalable and would be generating positive cash flows
and create significant value for the share holders moving forward.
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With this belief, the company has been making significant investments in the group
companies, through creeping acquisitions and buys back of shares.
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A snap shot of the various investments made by GTL |
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Particulars |
Period |
No. of shares |
Avg. Price (US$) |
Value (US$.Mn) |
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Creeping Acquisition |
FY2005-06 |
4,107,203 |
3.20 |
13.15 |
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Open Offer / Creeping Acquisition |
FY2006-07 |
8,738,004 |
3.67 |
32.10 |
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Creeping Acquisition |
FY2007-08 |
4,683,099 |
6.11 |
28.59 |
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Creeping Acquisition |
FY 2008-09 |
4,613,068 |
6.44 |
26.35 |
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Total |
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22,141,374 |
4.53 |
100.20 |
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GHC has invested approx US$ 100 Mn since March 2006 to enchance its stake from 26%
to 44% in GTL |
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* Exchange rate considered as prevailing at the time of acquisition |
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A snap shot of the various investments made by GTL Infra |
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Particulars |
Period |
Value (US$ Mn) |
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Rights Issue |
FY2007-08 |
5.69 |
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Payment towards warrants*
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FY2007-10 |
147.69 |
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Total Commitment |
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153.38 |
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* Warrants to be converted at a price equivalent to US$1 per share |
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GHC has committed US$ 153 Mn to enchance their stake in GTL Infra |
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* Exchange rate considered as prevailing at the time of the subscription |
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Promoters have committed to invest US$ 173 Mn (Rs.693 Crores) to enhance their stake
in GTL Infra |