PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

Eranga87 wrote:Glas no.of share = 950,086,080

Enterprise Value (EV)


Market capitalization = 8,265,748,200

Total debt               = 3,227,815,000

Cash                       =   (174,750,000)

EV                          =11,318,813,200

EV of per share         =Rs.11.91

EV portion for Piramal = 6,389,470,051.40 (a)

Acquisition Enterprice

value consideration


purchase consideration= 5,166,000,000 INR

Conversion rate          = RS.2.52

SPA payment              = Rs.13,018,320,000 (b)


SPA PMT Times            = 2.03 times (a/b)



Piramal Pvt Ltd was received INR 5 billion on behalf of 536,331,880 no. of shares.  they still not liable for the settlement of any debt. BLACKSTONE value the whole EV of SL Piramal Glas PLC and paid INR 5Billion for majority shareholder 56.45% Indian Piramal Pvt entity. considering this, BS paid 2.03 times enterprise value. that means, Rs.11.91*2.03 = Rs.24.27

vijay singh wrote:how poor financial literacy, trusting upon Some of research unsound calculation people panic and sold out valuable things. within 1 minute they calculate and distribute their wrongful share calculation. trusting this, people panic and big players are collecting. try to understand hidden agenda. each researcher revised TPs. next few weeks, GLAS 3RD wave coming, everyone understand how worth of share. good luck .

Winner123 wrote:These research firms should not do these type of dirty things. Specially within few minutes after the disclosure. Poor retailers paid the price.

"The stock market is filled with individuals who know the price of everything, but the value of nothing." — Phillip Fisher

Winner123 wrote:These research firms should not do these type of dirty things. Specially within few minutes after the disclosure. Poor retailers paid the price.

Eranga87 wrote:Blackstone(BS) acquires Piramal Glas Pvt Ltd for USD 1 Billion consideration. earlier, Piramal Glas listed entity in India capital Market and delist (highest amount paid as a delisting share) since 2014 and keep as Private Ltd. 1st they offer to exist price and again gave a special existing price delisting share. The delisting process really most beneficial (the delisting price is double of traded price)for shareholders.

BS paid for USD 1 billion acquire for 100% ownership Piramal Glas and automatically entitle 46.45% ownership of SL Glas. BS didn't pay a separate amount for SL Piramal Glas. as a whole they paid to USD 1 billion and India Piramal enterprises ltd allocated INR 5.166Billion(USD 70Mn) on behalf of SL Piramal Glas their no. of shares 536Mn share (56.45%). that is the reason Piramal Glas disclosed their acquired purchase consideration for 56.45%. SPA clearly shows that purchase consideration for No. of shares 536Mn. not all of the share.

Pristine Glas Pvt ltd incorporates in 06.11.2020 and appoints two directors namely, Amit Dixit and Mukesh Mehetha. both 2 directors are working in Blackstone Group-India Pvt equity. Pristine belongings to Blackstone and establish a new entity for managing GLAS business in Sri Lanka, India, and USA.



don't keep any doubt regarding GLAS. current price level so attractive for entering. I highly believed GLAS will give you more than 50% returns with the current price level. if they delist share, it will give 100% returns.

invest thinker wrote:there is some ambiguous nature in disclosure transaction details. anyway, i agreed with @ eranga87, if they are going to delisting Sri Lanka Piramal Glas, existing shareholders can easily get 100% returns. i also believed, they will buy back the majority of shares.

past 2 days, people lost their confidence with CAL some share valuation. panic people will realize actually what happened. if GLAS delist, it provides benefits to each shareholder. don't worry about that. assume that the delisting price Rs.20 and the remaining balance of shares 413Mn and it cost USD 44Mn. not a big amount. BS acquired everything, now coming last stage entire all. USD 44Mn, nothing to them.

I remembered, in 1999 or 2000 Piramal Group acquired Ceylon Glas @ Rs.20.50(from DFCC bank) at that time. after that, share split or right issues made, i don't know that. initially, they paid Rs.20.50 at the time of acquiring.

at this moment, GLAS is most worth share. collectors are coming soon. be safe from the researcher. they don't know completely, that why change TPs every time.

geesura wrote:US based Bain Capital & Blackstone both offered a large Sum of Money for Piramal Glass(India) & ultimately Blackstone won.

The final deal is close to 3 times the sales of Piramal Glass (India) & 25 times it’s earnings.

What could be the reason?

I did some research to find out that this has more to do with US election than Glass vials. With Democrats back in power there is more focus on environmental protection than ever before.

The trending topic #PlasticFreePresident

Joe Biden is said to become the worlds 1st plastic free president.

https://www.google.com/amp/s/www.eco...ons-2649427442

https://www.google.com/amp/s/grist.o...ics-biden/amp/

https://www.google.com/amp/s/www.ani...133348%3famp=1

Any Action Taken upto now?

Yes, there is a bill on banning single use plastic presented by Democrats.

https://www.google.com/amp/s/www.hou...y-15048896.php

https://www.plasticsnews.com/article...lastics-issues

https://www.politico.com/newsletters...ey-buzz-491119

Has any state in US banned single use plastics?

Yes, Delaware has banned polytene bags from 1st January 2021.

https://news.delaware.gov/2020/12/01...on-jan-1-2021/

Sri Lanka is said to be banning single use plastics from 1st January 2021. It was announced but I doubt wether it’ll be implemented.

Global trends are changing!

Disclosure: Holding, this is not a Buy/Sell recommendation.
Last edited by Dreamer777; Today, 01:13 PM.
Total credit goes to Dreamer777 in TEC forum

geesura wrote:US based Bain Capital & Blackstone both offered a large Sum of Money for Piramal Glass(India) & ultimately Blackstone won.

The final deal is close to 3 times the sales of Piramal Glass (India) & 25 times it’s earnings.

What could be the reason?

I did some research to find out that this has more to do with US election than Glass vials. With Democrats back in power there is more focus on environmental protection than ever before.

The trending topic #PlasticFreePresident

Joe Biden is said to become the worlds 1st plastic free president.

https://www.google.com/amp/s/www.eco...ons-2649427442

https://www.google.com/amp/s/grist.o...ics-biden/amp/

https://www.google.com/amp/s/www.ani...133348%3famp=1

Any Action Taken upto now?

Yes, there is a bill on banning single use plastic presented by Democrats.

https://www.google.com/amp/s/www.hou...y-15048896.php

https://www.plasticsnews.com/article...lastics-issues

https://www.politico.com/newsletters...ey-buzz-491119

Has any state in US banned single use plastics?

Yes, Delaware has banned polytene bags from 1st January 2021.

https://news.delaware.gov/2020/12/01...on-jan-1-2021/

Sri Lanka is said to be banning single use plastics from 1st January 2021. It was announced but I doubt wether it’ll be implemented.

Global trends are changing!

Disclosure: Holding, this is not a Buy/Sell recommendation.
Last edited by Dreamer777; Today, 01:13 PM.
Total credit goes to Dreamer777 in TEC forum

geesura wrote:US based Bain Capital & Blackstone both offered a large Sum of Money for Piramal Glass(India) & ultimately Blackstone won.

The final deal is close to 3 times the sales of Piramal Glass (India) & 25 times it’s earnings.

What could be the reason?

I did some research to find out that this has more to do with US election than Glass vials. With Democrats back in power there is more focus on environmental protection than ever before.

The trending topic #PlasticFreePresident

Joe Biden is said to become the worlds 1st plastic free president.

https://www.google.com/amp/s/www.eco...ons-2649427442

https://www.google.com/amp/s/grist.o...ics-biden/amp/

https://www.google.com/amp/s/www.ani...133348%3famp=1

Any Action Taken upto now?

Yes, there is a bill on banning single use plastic presented by Democrats.

https://www.google.com/amp/s/www.hou...y-15048896.php

https://www.plasticsnews.com/article...lastics-issues

https://www.politico.com/newsletters...ey-buzz-491119

Has any state in US banned single use plastics?

Yes, Delaware has banned polytene bags from 1st January 2021.

https://news.delaware.gov/2020/12/01...on-jan-1-2021/

Sri Lanka is said to be banning single use plastics from 1st January 2021. It was announced but I doubt wether it’ll be implemented.

Global trends are changing!

Disclosure: Holding, this is not a Buy/Sell recommendation.
Last edited by Dreamer777; Today, 01:13 PM.
Total credit goes to Dreamer777 in TEC forum

Kanishka_2020 wrote:

geesura wrote:US based Bain Capital & Blackstone both offered a large Sum of Money for Piramal Glass(India) & ultimately Blackstone won.

The final deal is close to 3 times the sales of Piramal Glass (India) & 25 times it’s earnings.

What could be the reason?

I did some research to find out that this has more to do with US election than Glass vials. With Democrats back in power there is more focus on environmental protection than ever before.

The trending topic #PlasticFreePresident

Joe Biden is said to become the worlds 1st plastic free president.

https://www.google.com/amp/s/www.eco...ons-2649427442

https://www.google.com/amp/s/grist.o...ics-biden/amp/

https://www.google.com/amp/s/www.ani...133348%3famp=1

Any Action Taken upto now?

Yes, there is a bill on banning single use plastic presented by Democrats.

https://www.google.com/amp/s/www.hou...y-15048896.php

https://www.plasticsnews.com/article...lastics-issues

https://www.politico.com/newsletters...ey-buzz-491119

Has any state in US banned single use plastics?

Yes, Delaware has banned polytene bags from 1st January 2021.

https://news.delaware.gov/2020/12/01...on-jan-1-2021/

Sri Lanka is said to be banning single use plastics from 1st January 2021. It was announced but I doubt wether it’ll be implemented.

Global trends are changing!

Disclosure: Holding, this is not a Buy/Sell recommendation.
Last edited by Dreamer777; Today, 01:13 PM.
Total credit goes to Dreamer777 in TEC forum

Thank you Geesura for your valuable research, really appreciate it. 

Good luck all!!

Eranga87 wrote:Blackstone(BS) acquires Piramal Glas Pvt Ltd for USD 1 Billion consideration. earlier, Piramal Glas listed entity in India capital Market and delist (highest amount paid as a delisting share) since 2014 and keep as Private Ltd. 1st they offer to exist price and again gave a special existing price delisting share. The delisting process really most beneficial (the delisting price is double of traded price)for shareholders.

BS paid for USD 1 billion acquire for 100% ownership Piramal Glas and automatically entitle 46.45% ownership of SL Glas. BS didn't pay a separate amount for SL Piramal Glas. as a whole they paid to USD 1 billion and India Piramal enterprises ltd allocated INR 5.166Billion(USD 70Mn) on behalf of SL Piramal Glas their no. of shares 536Mn share (56.45%). that is the reason Piramal Glas disclosed their acquired purchase consideration for 56.45%. SPA clearly shows that purchase consideration for No. of shares 536Mn. not all of the share.

Pristine Glas Pvt ltd incorporates in 06.11.2020 and appoints two directors namely, Amit Dixit and Mukesh Mehetha. both 2 directors are working in Blackstone Group-India Pvt equity. Pristine belongings to Blackstone and establish a new entity for managing GLAS business in Sri Lanka, India, and USA.



don't keep any doubt regarding GLAS. current price level so attractive for entering. I highly believed GLAS will give you more than 50% returns with the current price level. if they delist share, it will give 100% returns.

Eranga87 wrote:hold at least 3 months you can claimed amazing bonanza.

dinsan123 wrote:

Eranga87 wrote:hold at least 3 months you can claimed amazing bonanza.

Glas will be again 8 level soon

@dinsan123,

geesura wrote:

dinsan123 wrote:

Eranga87 wrote:hold at least 3 months you can claimed amazing bonanza.

Glas will be again 8 level soon