MATROYSKA DOLLS
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| Russian toy: Matryoshka Dolls |
Article published as on Sunday, 9th January, 2022 at 10:00 a.m.
Somewhere on someday at the finale of National
Geographic spelling Bees competition
At National Geographic Spelling bee
Announcer:
Matryoshka
Contestant:
could you please repeat the word
Announcer:
Maa-Trio-Sh-Ka
Contestant:
can I have all the information please
Announcer: Matryoshka dolls are a set of wooden dolls of
decreasing size placed one inside another. The name matryoshka, literally
"little matron", is a diminutive form of the Russian female first
name "Matryona" or "Matryosha"
Contestant:
M-A-T-R-Y-O-S-H-K-A
Announcer: CONGRATULATIONS!!! you are the National
spelling bee Champion!!!
 |
Matryoshka dolls also known as babushka dolls, are a set of multiple dolls of decreasing size, that can fit into one another.
it’s a doll inside a doll inside a doll and so on…
We have an interesting holding company which
is Similar to a Matryoshka Doll
It is a holding company of a holding company
of a holding company…
The company is:
Naga Dhunseri
… of Naga Dhunseri Group.
The following is the pattern of holding
structure
Naga Dhunseri >> Dhunseri Investments >> Dhunseri
ventures & Dhunseri Tea
Here, Naga Dhunseri and Dhunseri investments
are pure holding companies.
Dhunseri ventures has interest in various
businesses.
And Dhunseri Tea industries ltd is engaged in
the business of production of Tea leaves.
(Some time back this company sold its branded
tea business, Kala Ghoda and Lal Ghoda to Tata consumer products)
One common aspect among all the 4 Companies of
Naga Dhunseri Group is that Each company has sizable amount of investment in
various listed companies, so each company can be called an investment/holding
company.
(~
Based on FY 21, Annual reports of all companies)
Here is a table highlighting the Major investments, but as mentioned above apart from these investments, these companies also do have various other investments in listed shares.
...Major investments
of The Naga Dhunseri Group companies
|
Name |
Naga Dhunseri Group |
|
Market Cap |
135.70 |
|
Share price |
1357.00 |
|
Companies |
% shareholding |
|
Dhunseri Tea & Industries Ltd |
8.79% |
|
Dhunseri ventures Ltd |
8.79% |
|
Dhunseri Investments ltd |
21.59% |
|
|
|
|
Name |
Dhunseri Investments ltd |
|
Market Cap |
384.91 |
|
Share price |
631.30 |
|
Companies |
% shareholding |
|
Dhunseri Tea & Industries Ltd |
45.77% |
|
Dhunseri ventures Ltd |
56.44% |
|
|
|
|
|
|
|
Name |
Dhunseri Ventures |
|
Market Cap |
888.23 |
|
Share price |
253.60 |
|
Companies |
% shareholding |
|
Dhunseri Tea & Industries Ltd |
6.43% |
|
Twelve Cupcakes |
88.68% |
|
Dhunseri Infrastructure |
100.00% |
|
Dhunseri Poly films |
100.00% |
|
Dhunseri Petrochem Industries |
50.00% |
(Data as on 6th- Jan, 2021)
Conclusion:
Dhunseri Ventures is like a holding company,
it houses most of the businesses of the Dhunseri group,
Dhunseri investment holds major stake in
Dhunseri Ventures and Dhunseri Tea & industries ltd.
Naga Dhunseri holds 21.59% in Dhunseri
Investment and 8.79% each in other 2 group companies.
Idea/suggestion:
I would be nice if all the companies are
merged and the group structure is simplified
This should create efficiency and it may also
help unlock value for the shareholders.
But until then we would have this fascinating holding
company structure
~ Holding companies of
Naga Dhunseri group companies, Just like Russian Matryoshka Doll.
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