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I am holding 100 shares of webel communication industries in physical format . what should i do currently company shares are not being traded please advise me

Tags: company shares, shares of webel communication industries, physical format
Asked by naresh, 22 Oct '07 02:34 pm
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Answers (2)


Answered by Nagarajan Karupayah, 25 Oct '07 04:42 am

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Webel SL Energy is a pioneer and leading producer in Solar Photovoltaic Cells and modules using mono-crystalline Silicon Wafers. Webel SL Energy is jointly promoted by SL Industries, West Bengal Electronics Industries Development Corporation and Helios Tech of Italy.
Webel SL Energy has presently a paid up capital of 7.74 crores. The promoters SL Industries also picked up 107000 shares as conversion from warrants at 350 per share in February 2008. While MFs hold about 5%, FIIs and FCBs hold nearly 26% in the company.

In October 2007, Merrill Lynch had picked up FCCBs worth $16.8 million in the company paying a premium of Rs.540 per share!!
The money collected through these and GDRs issued last year is to be utilised to raise the capacity from the current 10MW to 42MW per annum.
Webel SL is also forming a JV with Micro Power of Singapore for sourcing of silicon ingots and setting up a slicing plant for the manufacture of silicon wafers, the main ingredient for Solar Cells.
S ...more
Answered by Srikanth Matrubai, 28 Jul '08 05:54 pm

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