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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » What's going to happen to KURU

What's going to happen to KURU

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1What's going to happen to KURU Empty What's going to happen to KURU Mon Feb 17, 2014 7:05 pm

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
Hi All,

I have been holding a few shares of KURU which I bought sometime ago. However today they have announced a de-list and stated that they will buy at 30 rupees a share. Not to mention that this will be good gain for me, I wanted to understand how they will proceed from now on?

Will I have to fill forms and get a cheque for my holding off-book? Or will they start trading again and do transactions at 30 in the order book?

I couldn't find anything in the listing rules....

2What's going to happen to KURU Empty Re: What's going to happen to KURU Mon Feb 17, 2014 7:21 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@cse.newbie wrote:Hi All,

I have been holding a few shares of KURU which I bought sometime ago. However today they have announced a de-list and stated that they will buy at 30 rupees a share. Not to mention that this will be good gain for me, I wanted to understand how they will proceed from now on?

Will I have to fill forms and get a cheque for my holding off-book? Or will they start trading again and do transactions at 30 in the order book?

I couldn't find anything in the listing rules....

Well if am not mistaken, they will send you an offer letter, indicating the number of shares you have, and whether you agree to sell those to them, you have to complete that form and send it to them.

I don't think it will trade again.

3What's going to happen to KURU Empty Re: What's going to happen to KURU Mon Feb 17, 2014 9:08 pm

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
Thanks Gaja.

How long does the process take normally? Weeks, months? Any idea..

4What's going to happen to KURU Empty Re: What's going to happen to KURU Mon Feb 17, 2014 9:39 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@cse.newbie wrote:Thanks Gaja.

How long does the process take normally? Weeks, months? Any idea..


I think it will take more than a month

5What's going to happen to KURU Empty Re: What's going to happen to KURU Tue Feb 18, 2014 7:56 am

maalinda


Manager - Equity Analytics
Manager - Equity Analytics
I have some KURU which i bought around 20.00 so 30 sounds good deal to me.

any idea about EGM ?

so how it works ? we get offer letters after EGM ?

6What's going to happen to KURU Empty Re: What's going to happen to KURU Tue Feb 18, 2014 8:35 pm

Fresher


Moderator
Moderator
@Gaja wrote:
@cse.newbie wrote:Hi All,

I have been holding a few shares of KURU which I bought sometime ago. However today they have announced a de-list and stated that they will buy at 30 rupees a share. Not to mention that this will be good gain for me, I wanted to understand how they will proceed from now on?

Will I have to fill forms and get a cheque for my holding off-book? Or will they start trading again and do transactions at 30 in the order book?

I couldn't find anything in the listing rules....

Well if am not mistaken, they will send you an offer letter, indicating the number of shares you have, and whether you agree to sell those to them, you have to complete that form and send it to them.

I don't think it will trade again.

will they offer or is it mandatory?

7What's going to happen to KURU Empty Re: What's going to happen to KURU Tue Feb 18, 2014 9:11 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Fresher wrote:
@Gaja wrote:
@cse.newbie wrote:Hi All,

I have been holding a few shares of KURU which I bought sometime ago. However today they have announced a de-list and stated that they will buy at 30 rupees a share. Not to mention that this will be good gain for me, I wanted to understand how they will proceed from now on?

Will I have to fill forms and get a cheque for my holding off-book? Or will they start trading again and do transactions at 30 in the order book?

I couldn't find anything in the listing rules....

Well if am not mistaken, they will send you an offer letter, indicating the number of shares you have, and whether you agree to sell those to them, you have to complete that form and send it to them.

I don't think it will trade again.

will they offer or is it mandatory?

they want to delist and are offering to buy back shares at Rs 30. i dont think is mandatory to accept the offer, but why would anyone want to hold untradable shares in a severe loss making company. They may relocate their operation to india.

they will have to have SGM, send forms etc's. i doubt it will trade hereafter.  

the irony is such that you could have bought this loss making company at Rs 20 bucks and got 50 % upside in the delisting / buy back offer !

8What's going to happen to KURU Empty Re: What's going to happen to KURU Tue Feb 18, 2014 10:43 pm

mark

mark
Expert
Expert
ane wasanawan, at least some retailers going to rewarded when mkt gng to hell Smile


so nw wht we hv to do is- find possible delists and fill your pf Razz

btw im sure there was insider trading on 12 and 13th of feb befre announcmt. bt who gna be punishd? simply no 1 Smile

9What's going to happen to KURU Empty Re: What's going to happen to KURU Thu Feb 27, 2014 2:16 am

maalinda


Manager - Equity Analytics
Manager - Equity Analytics
How long will it take to send papers to sell our shares ? is it after EGM ?

10What's going to happen to KURU Empty Re: What's going to happen to KURU Fri Feb 28, 2014 1:21 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@cse.newbie wrote:Hi All,

I have been holding a few shares of KURU which I bought sometime ago. However today they have announced a de-list and stated that they will buy at 30 rupees a share. Not to mention that this will be good gain for me, I wanted to understand how they will proceed from now on?

Will I have to fill forms and get a cheque for my holding off-book? Or will they start trading again and do transactions at 30 in the order book?

I couldn't find anything in the listing rules....

would you like to sell it?

11What's going to happen to KURU Empty Re: What's going to happen to KURU Fri Feb 28, 2014 1:27 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@maalinda wrote:I have some KURU which i bought around 20.00 so 30 sounds good deal to me.

any idea about EGM ?

so how it works ? we get offer letters after EGM ?

Would you like to sell it?

12What's going to happen to KURU Empty Re: What's going to happen to KURU Tue Mar 04, 2014 6:09 pm

maalinda


Manager - Equity Analytics
Manager - Equity Analytics
anyone ? any updates ?

13What's going to happen to KURU Empty Re: What's going to happen to KURU Tue Mar 04, 2014 7:29 pm

CSE.SAS

CSE.SAS
Global Moderator
@maalinda wrote:anyone ? any updates ?

Go and read is CSE website announcement section.

I think u never been in CSE a Website  lol! lol! lol! lol! lol! 

14What's going to happen to KURU Empty Re: What's going to happen to KURU Wed Mar 05, 2014 4:22 am

maalinda


Manager - Equity Analytics
Manager - Equity Analytics
@CSE.SAS wrote:
@maalinda wrote:anyone ? any updates ?

Go and read is CSE website announcement section.  

I think u never been in CSE a Website  lol! lol! lol! lol! lol! 

And This is how A GLOBAL MODERATOR of this forum reply to a fellow member who is asking something ?

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