Conversion of TFC X to TFC N?

mark · 1 Conversion of TFC X to TFC N? Sat Jan 18, 2014 7:38 am

mark

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Guys they have to convert TFCX to TFCN if they going to be merged with another bank? So most probably 2 for 1 ?

TFC offered 40 million voting shares at Rs.40 per share in February 2011.

TFC converted of 10% of public deposits in 1st March 2011 by offering 100 million non-voting shares to deposit holders at Rs.20 per share.

So the run of TFC X can be justified..

??? Smile

jonta999 · 2 Re: Conversion of TFC X to TFC N? Sat Jan 18, 2014 5:25 pm

jonta999

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@mark wrote:Guys they have to convert TFCX to TFCN if they going to be merged with another bank? So most probably 2 for 1 ?

TFC offered 40 million voting shares at Rs.40 per share in February 2011.

TFC converted of 10% of public deposits in 1st March 2011 by offering 100 million non-voting shares to deposit holders at Rs.20 per share.

So the run of TFC X can be justified..

???

Yes of course.
I guess some related parties are behind the rally.
They want to justify to the deposit holders of the share price to get their approval.

smallville · 3 Re: Conversion of TFC X to TFC N? Sun Jan 19, 2014 8:48 am

smallville

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But TFC.X has not run up to 15 even to justify the price the shares were given Evil or Very Mad

Run ended before these levels can be seen. It had to be a broker play as I guess it.. Just to amuse ppl.

KDDND · 4 Re: Conversion of TFC X to TFC N? Sun Jan 19, 2014 1:59 pm

KDDND

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@smallville wrote:But TFC.X has not run up to 15 even to justify the price the shares were given Run ended before these levels can be seen. It had to be a broker play as I guess it.. Just to amuse ppl.

yes I agree with you .. but if some one or some group manipulating this counter....
anything might be happened or done........... which may not be able to explained with facts

balapas · 5 Re: Conversion of TFC X to TFC N? Sun Jan 19, 2014 3:02 pm

balapas

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Good thing is TFC is not going to go bust like golden key. The depositors who converted shares to non voting will get some benefit with the merger. Still a huge loss but we can see the real benefit to the original TFC.X holders with the actual merger happening rather than speculative movements. Need to see an official announcement with regard to how this will be done and what will be achieved. 2011 plan has not worked so far.

jonta999 · 6 Re: Conversion of TFC X to TFC N? Sun Jan 19, 2014 9:29 pm

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hoping to collect at around 4 to 5 levels if price come down this week. Smile

Mahawawtta · 7 Re: Conversion of TFC X to TFC N? Mon Jan 20, 2014 9:08 am

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friends,, any idea about TFC.N will it further go up or down??

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Conversion of TFC X to TFC N?

1 Conversion of TFC X to TFC N? Sat Jan 18, 2014 7:38 am

mark

2 Re: Conversion of TFC X to TFC N? Sat Jan 18, 2014 5:25 pm

jonta999

3 Re: Conversion of TFC X to TFC N? Sun Jan 19, 2014 8:48 am

smallville

4 Re: Conversion of TFC X to TFC N? Sun Jan 19, 2014 1:59 pm

KDDND

5 Re: Conversion of TFC X to TFC N? Sun Jan 19, 2014 3:02 pm

balapas

6 Re: Conversion of TFC X to TFC N? Sun Jan 19, 2014 9:29 pm

jonta999

7 Re: Conversion of TFC X to TFC N? Mon Jan 20, 2014 9:08 am

Mahawawtta

8 Re: Conversion of TFC X to TFC N?

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