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RHSL Royal Holdings Services Ltd. featured news, full reports, and detailed charts

Royal Holdings Services Ltd. (RHSL/RHSL.PK) Wrap Up:

Royal Holdings Services Limited operates as a vehicle to acquire and hold equity interests in other operating companies, and it is currently pursuing the possibility of acquiring a controlling equity interest in Modiluft Limited, an Indian domestic airline company listed on the Indian stock exchanges. However, the acquisition of Modiluft is subject to a number of conditions. If the acquisition of Modiluft does not take place, the company would pursue other acquisition opportunities. Prior to March 1999, the company sold, installed, serviced, and monitored all types of intrusion detection (burglar), fire detection, access control and closed-circuit television networks that used badge imaging ...

Royal Holdings Services Ltd. (RHSL:OTC)

Market Cap
6.1M
Total Revenue
--
EBITDA
45.9K
DILUTED EPS TTM
-0.03
P/E
--
P/S
--
Return On Asset
--
Return On Equity
-471.49
K = Thousands  M = Millions  B = Billions

RHSL Top Compensated Officers

Mr. Ajmal Khan
President, Secretary and Director
Age: 47
Total Annual Compensation: --
Mr. J. Dan Sifford
Chairman and Treasurer
Total Annual Compensation: --

Executives, Board Directors

Compensation as of Fiscal Year 2009.

Key developments for Royal Holdings Services Ltd. (RHSL)

Anil Ambani Joins Race To Buy SpiceJet

Anil Ambani, Chairman of the Reliance-Anil Dhirubhai Ambani Group has started takeover talks with SpiceJet Ltd. Anil Ambani will face tough competition form Kingfisher Airlines Limited and Jet Airways (India) Ltd. who have already expressed their interest in SpiceJet. As per source, NM Rothschild and Sons Ltd, has been appointed by SpiceJet for raising funds. Now Bhupendra Kansagra, who has a 12.91% stake in SpiceJet through Royal Holding Services Ltd., can also sell his 12.91% stake as the clause which prevented him from selling his stake has expired. Ambani, Jet and Kingfisher are also talking to Istithmar World P.J.S.C. to buy his 13.42% stake in SpiceJet. Istithmar has recently expressed interest in increasing his stake in SpiceJet or selling it off for a premium. Bhupendra Kansagra said: “I cannot comment on rumors. At present, I am not meeting anybody and not thinking about diluting my stake. We are exploring various modalities of raising funds for SpiceJet to funds its expansion.” SpiceJet’s director Ajay Singh, said: “I have no comments to offer.” A senior Jet Airways executive, said: His chairman Naresh Goyal and other board representatives are in touch with SpiceJet’s promoters for a possible acquisition.

Kansagras Reportedly In Talks To Sell SpiceJet Stake

The Kansagras family, promoters of SpiceJet Ltd, is planning to sell their 13% stake in the company. Royal Holdings Services Ltd, representing Bhupendra Kansagra and his family, is on a look out for a buyer and have initiated talks with "several interested parties," sources said. "They (Kansagras) feel exorbitant jet fuel prices is making the business model of low-cost airlines commercial unviable," said a source. The lock-in period of the Kansagras expired on February 7 which makes the exit easier for them. The sources also said that Kansagras had approached SpiceJet director Ajay Singh, Istithmar World P.J.S.C., and Essar Group for a stake sale. All the three, apparently, declined the offer. SpiceJet’s executive chairman, Siddhanta Sharma denied the report saying, “Yes, the lock-in period of the Kansagras got over on February 7, but they are not interested in divesting their stake.”

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RHSL Competitors

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No competitor information is available for RHSL.
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Industry Analysis

Valuation RHSL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful

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