Date of announcement: - 05-Feb- 2010
Proportion: - Three (03) ordinary shares for every One (01) ordinary share held
Issue Price: - Rs.55.00/-
Qty Offered: - 4,155,621
EGM & Provisional Allotment: - 11-Aug-2011
XR: - 12-Aug-2011
Dispatch of Provisional Letter of Allotment: - 18-Aug-2011
Trading Commences on:-24-Aug-2011
Renunciation: - 01-Sep-2011
Last Date of Acceptance & Payment: - 02-Sep-2011
This quarter EPS; - 0.08
Nav June 11 (before XR) : Rs 53.63
If you bought at Rs 1500 before XR...
After XR the price = 1500+55*3/4= RS 416.
Presuming a share is Rs 500 now ...
To break even, the Rights needs to trade over Rs 333.
Kaka, please see above. You can decided whether it is worth Rs 500 now or not. I cannot predict about manipulations but this is high gamble with might go anyway. Are you for it ?
Can you explain why you say this share is worth.? Presume you meant it is worth for a gamble. I see you have bought it.
There are new comers here. for their reference, when one asks whether a share is worth, it usually based on fundamentals. So on fundamentals you can see on the stats above it is not worth. But for gambling.. I leave it to you.