Document qaK4xo3XMnzqMoeLmM94Egd0R

FILE NAME: Shree Digvijay (SDV) DATE: 1979 June 8 DOC#: SDV009 DOCUMENT DESCRIPTION: J-M Memo RE Shree Digvijay Cement Co. RE Ownership Shares & Dividends Johns-Manville Internal Correspondence To: H. B. Moreno - 3-14 Date: 6/8/79 From: Jan Kaczkowski - 3-14 Copies: file/chrono Subject: SHREE D IG V IJ A Y CEMENT COMPANY Acquired in 1962 for Capital Increase in 1963 Total Acquisition Cost $473,000 116,000 $$89,000 Ownership 25,000 shares, which constitutes 10%. Bonus shares have reportedly been issued recently. get 5,000 additional shares. We should Dividends last 5 years: 74 0 75 0 76 $21,000 77 0 78 $65,000 The amounts shown indicate cash received in D .S . There usually is a 2-3 year delay in dividend receipts. Our share of the 1977 net worth $1,088,000 Market value recently (2 weeks ago) RS 220/share $27.50/share 25,000 shares worth about 5,000 bonus shares (?) $690,000 140,000 $830,000 BS8SaSSB==S Questions/Problems - - Sale by non-resident requires approval of Reserve Bank of India. ' - _ Price subject to their approval also. ,1 - Reserve bank normally does not approve sale by non residents at the prevailing stock exchange price. - Repatriation subject to approval, but if above approved this is usually granted as well. H. B. Moreno -2- 6/8/79 If Shree Digvijay is registered under the Monopolies and Restrictive Trade Practices Act, additional restrictions apply. We would welcome any suggestions and ideas as to the ways to proceed with a divestment. Jan Kaczkowski JK/eq