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Q.

Now that the Patni Computer Systems Ltd. is delisted, what are the options available if some one is still holding the shares now....

Tags: money, computer, careers
Asked by Mahesh V, 22 Jun '12 03:39 pm
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Answers (3)

1.

Under SEBI rules, a firm that has voluntarily delisted, like in the case of Patni Computers, a shareholder, still holding on the shares after the cut off date, has the option of writing to the company and offering his shares within 1 year of the cut-off date, and he would still receive the price that was offered to the other shareholders (the buy back price). If he fails to do that, then he is stuck with the shares as they are no longer tradeable securities. However, he can still try some firms that deal with such shares. Another option is always going to the courts and requesting a re-valuation process. In the case of Cadbury, the people still holding on to the shares went to court and they company kept re-vising the offer, offering even 4 times of the initial offer, which they have refused. However, it is time consuming and expensive. They could afford to do so as together they hold over 2.4 % of the equity. For a stand alone shareholder, he would not have the time or resources to fi ...more
Answered by Vikram, 25 Jun '12 01:26 pm

 
  
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2.

Some brokers do buy unlisted shares but at a very discounted price.
Answered by HEMANT MEHTA, 22 Jun '12 03:42 pm

 
  
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3.

The company will buy your shares @520 per share.act now!
Source: delisting knowledge.
Answered by Anu, 02 Sep '12 12:27 pm

 
  
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