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Q.

I had purchased 200 share of Spice Telecom @ Rs 73 per share at the back end of
last year.

After the merger though they have alloted a specific number of Idea Cellular shares
in place of the spice shares.

With what I understand I feel I am liable to recieve just 1 share of Idea in place
of every 2 shares of Spice held.

That would mean I would get 100 shares of Idea. Given that the share price
of idea is around the 65 mark at present, does it mean that my investment has been
reduced to less than half its value?

Please let me know if the above is correct.

Thanks

About: Money

Tags: money, relationships, entertainment
Asked by Dhananjay Nik, 16 Jul '10 12:23 am
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Answers (2)

1.

Yes, It means u have 100 shares @ 65. Current value 6500.
Answered by Kawardeep Singh, 16 Jul '10 09:51 am

 
  
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2.

Yes, it is absolutely correct
Answered by Ajit Singh, 16 Jul '10 09:35 am

 
  
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