Arbitrage Opportunity India – Amal Ltd & Atul Ltd merger
Similar fate has struck another company that I had an eye on, for over three years, ever since it was with BIFR. Amal Ltd, a 4 Million USD market cap company.
The board has decided to merge it with the parent company (Atul Ltd), nearly 800 Million USD market cap, but there is likely to be an arbitrage opportunity closer to the time of announcement of swap ratio.
Real money is in spin offs, not reverse mergers.