1.If I purcashe a right (BIL.R0000)... can I buy a BIL share for 2/=?
2. To whom do I pay money ? Is it my broker or Company Secretary?
3. Do I have to fill a document?
Can anyone help me please....
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NoobTrader likes this post
NoobTrader likes this post
Promoney wrote:If you buy the Rights off the market, you can pay for the conversation to your broker. You have to do it on or before the 'last day for acceptance and payment'. Your broker will then lodge the payment and get the shares to your account
Sell your rights & Enjoy.Nandun wrote:I have Shares in BIL.N What happen if I wont buy shares from new issue?
what are options I have? Plzz
Is this possible ? how?abey wrote:2.30 2.50 :bounce:3.00
LOLC / Browns collectively, Directly & Indirectly own 80.00%.Eranga87 wrote:After right issue, share quantity 14,369,717,460.
how can the price move to Rs.3.00?
Promoney likes this post
Inthikahb M Wazeer likes this post
Agreewealth123 wrote:LOLC / Browns collectively, Directly & Indirectly own 80.00%.Eranga87 wrote:After right issue, share quantity 14,369,717,460.
how can the price move to Rs.3.00?
And they will increase their % via this Right Issue. ( LOLC will buy all rights available in the Market )
Only about 1 Bn shares will be in the Market after this Right issue.
1 Bn shares * Rs. 3.00 = Rs. 3 Billion
* Note there are few other investments in BIL's Books which are not revalued ( Value is 4 Times than the Book value ) up o now, refer annual report.
Any revaluation like such will increase the NAV to 5.00 - 6.00 again.
My personnel view is below 2.50 is a very good price to enter and wait for sometime.
Cheers !
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