Overview
Eredene Capital is a specialist investor in Indian infrastructure with a focus on port services, logistics and warehousing. It is in the process of selling its assets and returning the proceeds to investors. Eredene has cancelled its trading on AIM and is now an unlisted company.
News
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03 Nov 2014 1 min read
Eredene Capital to conduct tender and leave AIM
ERE : Eredene Capital to conduct tender and leave AIM Eredene Capital has announced that it will use the proceeds of recent disposals to fund a tender offer for shareholders – the terms of which are an offer for 12% of the company at 10p per share (vs. the current share price of 4.75p) – […]
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12 Aug 2014 1 min read
Board considering leaving AIM after Eredene asset value falls sharply
ERE : Board considering leaving AIM after Eredene asset value falls sharply Eredene published its accounts for the year ended 31 March 2014 today. The net asset value fell to 11.3p from 18.5p. They are still trying to sell off the portfolio and cut overheads and have had some success – the recent Sattva deal […]
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29 Jul 2014 1 min read
Eredene Capital : ERE – disposal
Eredene Capital has sold a further 23% of Sattva CFS & Logistics Pvt for £1.9m. Sattva is a container logistics business based in Chennai. The disposal price equates to 4.6x the price Eredene paid for the business in 2007. Eredene sold 10% of the company back in January 2012 for £1.1m and retains a stake […]
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16 Dec 2013 1 min read
Eredene Capital : ERE
Eredene’s interim results for the period ended 30 September 2013 show a fall in the NAV from 17.2p to 13.3p as write downs in the valuation of investments were exacerbated by the falling rupee. The Board has taken steps to cut overheads by employing a new manager (Ocean Dial, manager of India Capital Growth Fund […]
