Teledata Informatics Ltd has announced that, it plans to split the Company into three separate entities, focusing on specific businesses. The demerged entities will be Teledata Marine Solutions Ltd, Teledata Technology Solutions Ltd and Teledata Informatics Ltd (the Company). The scheme has been filed with the Chennai High Court for its approval. The process is expected to be completed in three to four months time, and the shares of the de-merged entities are expected to be listed by April, 2007.
The 3 demerged entities have a gamut of activities ranging from Logistics Software Products and solutions, Marine software solutions, Port management & LPG distribution, Marine Insurance Services, ERP, Education, Communication and Agro Biotech. Teledata Informatics the stock in focus has the following subsidaries
- Hyper Sascom Ltd
- Teledata Education Management Systems Ltd
- Insoft Systems Pte Ltd
- iMax Networks Ltd
- Voicetec International
- Kryptos Networks Pvt Ltd
In a new development today, Teledata Informatics invested USD 105 million in Singapore headquartered eSys Technologies. Teledata Informatics Ltd announced that the Company had strategically invested USD 105 million to acquire majority stake in Singapore headquartered IT Distribution major and PC maker eSys Technologies Pte Ltd. The investment will enable the Company capitalize on the synergy between the Company and eSys which would help accelerate the business levels with tremendous prospect.
Now before the demerger takes place if one would buy 100 shares of Teledata Infomatics @ Rs. 58. It would result in 100 shares of Teledata Infomatics , 50 shares of TD Marines and 50 shares of TD Technology. For FY 08 expected EPS of Teledata Infomatics is Rs. 12 , of TD Marine Rs. 30 and of TD Technology is Rs. 20. Even at P/E of 5.0 the share appears to be a multibagger. Buy is definetly recommended.
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