Nuvia to form JV with Punj Lloyd group co in n-power .......

MUMBAI: Nuvia India Pvt Ltd, a part of Nuvia, a French major providing engineering and technical support for the nuclear power sector is set to form 50:50 joint venture with a Punj Lloyd group company, PL Engineering, a top company official said. “Nuvia India and PL Engineering signed a Memorandum of Understanding (MoU) last week to form a 50:50 joint venture partnership to offer nuclear engineering and support services,” Nuvia India’s Managing Director, Mr Kenneth G Jackson, said here today.
The JV will focus initially on providing services to the growing Indian nuclear sector and will later look at the global market, Jackson said, adding that its target audience will be nuclear power companies.
Given the emphasis on accelerating the civil nuclear power program in India and the political encouragement on international collaboration, Nuvia has committed itself to establish a significant base in India in collaboration with the Punj Lloyd Group to offer its engineering and technical support services and range of specialist products to the global nuclear market. - PTI

My Comments:
This is what I read today in Hindubusiness Line on internet.
Well this says that Punj Llyod is coming in Nuclear Energy.Great news!Yup, great news for Punj Lloyd Group.But what about Punj Lloyd itslef?That joint venture is taking place between Punj Loyd gr and Nuvia Co of France,what stake holders of Punj Lloyd will get?
Nothing?It looks like shareholder of Punj Lloyd will get nothing .
I have seen in past that IVRCL , Simple Concrete and now Punj Lloyd and many others demerged the realty arm or Infra Structure arm of the Co and went for IPO.
That is rediculous.Is this Co taking care of shareholders value?Why can't they gives shares to stake holders and list them?If they will do like that then automatically the value and price will go up of that Co and Mcap will come up.
I don't know why promoters do not think in that way.They need to give shares FREE to Co shareholders and list it on brouses.
I think one should write to SEBI that if a new Co is demerged from the original Co then they have to give all the shares of that demerged Co  FREE to the shareholders.How a Co can demerge an arm from the Original Co and come out with IPO?
I have seen that when promoters sees that the Subsidiary is doing good they demerge it much early and then comes out with IPO! That is not a good corporate gorvernance.Promoters value the Sub much much less then the real value and after that orders and collobaration and joint ventures starts pouring in and that Co becomes a 1000 cr Mcap Co.
I think someone needs to do something about this.......
and BTW, I wrote here very clearly that Sesa Goa and Sterlite Ind will gain from the Cairns Energy takeover and we are seeing Sesa Goa going up.I donno what the analyst calculate the takeovers and how they come on to the conclusion like that giving negative rating for the takeover of another Co.They gave negative rating for Tisco on Corus takeover, they gave negative rating for Tata Motors on LandRover and Jaguar takeover and recently they gave negative rating for Sesa Goa and Strelite Ind and both stock price are moving up.
Well, in past it has happened that takeover misfired and Co went in for a very bad drubbing on brouses due to high cost of price for taking over like Subex Ltd when took over Azure , the move misfired and Subex went in of a pile of debts and to com out from that they went on alloting the Eq and the end result is Subex eq is as big as 58 cr.
But the outcome for takeovers are not always negative.I donno what they calculate and what statistcs they go through and give such negative reports......
I have written many times here that I do not like Co which have big eq.That is a hinderance for the Co when it has to expand the capacity and have to do QIP or Pref allotment.Even for giving Bonus if the eq is big the bonus ratio will be small .With smaller eq the Bonus ratio can be 1:1 or even biggger.