Blue Star has received an approval to transfer the Professional Electronics & Industrial Systems (PE&IS) undertaking of the company to Blue Star Electro-Mechanical (BSEML), a wholly owned subsidiary of the company, on a going concern basis at fair value estimated at about Rs 110.50 crore, determined by an independent valuer. The board of directors at their meeting held on January 21, 2015, based on the approval of the Audit Committee has approved for the same. BSEML will discharge the consideration for the said transfer by issue and allotment of fully paid up equity shares to the company.
The board also approved financial assistance to BSEML by means of loans and corporate guarantees to secure BSEML’s borrowing not exceeding Rs 25 crore.
Blue Star is India’s leading central air-conditioning and commercial refrigeration company fulfilling the cooling requirements and providing end-to-end solutions as a manufacturer, contractor and after-sales service provider to corporate, commercial, institutional and residential customers.
| Company Name | CMP |
|---|---|
| Voltas | 1440.00 |
| Blue Star | 1865.85 |
| Amber Enterprises | 7960.30 |
| Bosch Home Comfort | 1347.55 |
| EPACK Durable | 248.40 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: