Q.
I have purchase 150 sahres of Spice Telecom. Presently no rate showing in NSE and BSE. How I will sale this shares
About: Money
Asked by Sanjeeb Das,
17 Mar '10 11:37 am
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Answers (2)
1.
Buddy, spice is going to be merged with Idea so the trading is suspended. In futures shareholders of Spice would be allotted shared of Idea. Please read below. Cheers
Idea Cellular Ltd has informed BSE that in connection with the Scheme of Amalgamation ('the Scheme') of Spice Communications Ltd. (hereinafter referred to as Spice) with Idea Cellular Ltd. (hereinafter referred to as Idea), sanctioned by the Hon'ble High Court of Delhi at New Delhi and the Hon'ble High Court of Gujarat at Ahmedabad, the Board of Directors of Idea have fixed March 12, 2010 as the 'Record Date' for the purpose of drawing up the list of shareholders of Spice to whom Equity Shares in Idea are to be issued and allotted pursuant to the said Scheme.
The Court Orders have been filed in the respective offices of the Registrar of Companies and the Scheme became effective on March 01, 2010.
Further, in accordance with the Scheme, the Equity Shareholders of Spice (Transferor Company) as on the Record Date ...more
Answered by Sunil Mamgain, 17 Mar '10 12:48 pm
Idea Cellular Ltd has informed BSE that in connection with the Scheme of Amalgamation ('the Scheme') of Spice Communications Ltd. (hereinafter referred to as Spice) with Idea Cellular Ltd. (hereinafter referred to as Idea), sanctioned by the Hon'ble High Court of Delhi at New Delhi and the Hon'ble High Court of Gujarat at Ahmedabad, the Board of Directors of Idea have fixed March 12, 2010 as the 'Record Date' for the purpose of drawing up the list of shareholders of Spice to whom Equity Shares in Idea are to be issued and allotted pursuant to the said Scheme.
The Court Orders have been filed in the respective offices of the Registrar of Companies and the Scheme became effective on March 01, 2010.
Further, in accordance with the Scheme, the Equity Shareholders of Spice (Transferor Company) as on the Record Date ...more
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2.
Yeah the trade is suspended due to procedural reasons. No idea what it means.
h t t p : // twitter . com / Stock2day
Answered by Sunny, 17 Mar '10 12:40 pm
h t t p : // twitter . com / Stock2day
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