Yeh Demerger Hote Kyo Hain?
Iske peeche ka bada reason hai 'holding company discount'. Matlab, jab koi badi company bahut saare alag-alag businesses manage karti hai, toh uski total market value, uske alag-alag parts ki total value se kam reh jati hai. Isko discount bolte hain, jo average 32% tak ho sakta hai. Demerger se company structure simple ho jata hai, alag-alag businesses ko invest karna aasan hota hai aur transparency badhti hai.
Sab Jagah Success Nahi Hai
In 22 cases jo 2016 se 2024 tak study kiye gaye, alag-alag companies ne faayda uthaya hai. Jaise Adani Enterprises, Raymond, Jubilant Pharmova, aur Siemens ne demerger ke baad accha perform kiya. Lekin bhai, har demerger success nahi hota. Kuch companies jaise Piramal Enterprises, Tata Motors, aur ITC Hotels ka performance demerger ke baad market se piche reh gaya. Isse pata chalta hai ki execution kitna important hai.
UPL Bhi Line Mein Hai
Abhi UPL Limited bhi apna demerger plan kar rahi hai. Unka goal hai ki India crop protection aur global crop protection business ko alag karke ek nayi entity banayein. Isse company ka structure clear hoga aur investors ko samajhne mein aasani hogi.