Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
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

Tags: money, relationships, bse
Asked by Sanjeeb Das, 17 Mar '10 11:37 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

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

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
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

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

It will take time before it is completely decoupled.However,the FII money will play a big role...more

Answered by Damodar Biswal