Mount Everest Minerals climbs on getting nod for merger with Tata Global Beverages

Mount Everest Mineral Water Ltd. - (Amalgamation) | Consumer Food | FMCG | BSE: 531096 | NSE:

14 Nov 2013 Evaluate

Mount Everest Mineral Water (MEMW ) is currently trading at Rs. 107.10, up by 3.05 points or 2.93% from its previous closing of Rs. 104.05 on the BSE.

The scrip opened at Rs. 108.50 and has touched a high and low of Rs. 108.50 and Rs. 105.20 respectively. So far 26010 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.00 on 07-Jan-2013 and a 52 week low of Rs. 98.15 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 123.00 and Rs. 99.10 respectively. The current market cap of the company is Rs. 361.72 crore.

The promoters holding in the company stood at 50.24 % while Institutions and Non-Institutions held 2.26 % and 47.50 % respectively.

Mount Everest Mineral Water (MEMW) has received an approval for merger of the company with Tata Global Beverages (TGBL) in terms of a scheme of amalgamation under Sections 391-394 and other applicable provisions of the Companies Act, 1956. The board of directors at its meeting held on November 12, 2013 has approved for the same.

MEMW is a subsidiary of TGBL and TBGL presently holds 50.07 percent stake in MEMW. The exchange ratio recommended by the valuers and approved by both the boards is three shares of TGBL (face value of Rs1 each) for every four shares of MEMW (face value of Rs10 each).

This merger will enable increased operational efficiencies and better synergy between both businesses. With TGBL’s focus on the natural beverages business which includes water, the proposed merger will facilitate the growth of the Himalayan natural mineral water brand owned by MEMW. Himalayan water will have the benefit of TGBL’s resources in India as well as other global markets, which will help unlock the power of this brand.

Mount EverestMineral Share Price

Not Listed

View Price Chart

Peers

Company Name	CMP
Varun Beverages	509.05
Nestle	1482.20
Britannia Inds	5519.20
LT Foods	430.65
Hatsun Agro Product	988.20
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.