IBC CASES and Rather depressing facts for shareholders

IBC CASES :*JSW metal paid ZERO in Vardhaman industries in December 2019 , Vedanta paid 19 paisa per share in ESL ,B r shetty paid 10 paisa in Assam co in October 2018 ,Rekha jhunjhunuwala and so forth paid 50 rs in Ricoh India December 2019 (life excessive was 1400 plus ),Ln mittal paid ZERO in Essar metal (d listed at 48 in 2007)…Adhunik metalik paid 0.0984 paisa per share means 935.70 for 9500 shares in July 2020**Ruchi soya 100 shares turned 1 share in January 2020 Gopala polycast 32 share turned 1 share and Orchid pharma 218 share in 1 share in November 2020*** Future instances will probably be Uttam worth the place ZERO will probably be paid and Jaypee infra the place nearly ZERO will probably be paid .

Good analysis

Nicely, when one is investing in Equities one ought to concentrate on the truth that in case of liquidation of stated firm fairness shareholders are final in line to obtain any proceeds. Equities have nice progress potential if invested in proper shares but when not invested in rightly may also destroy your capital, atleast on constructive facet ones threat is proscribed to speculate made.

One other case …As i understood DIGJAM will final commerce in current type on 18 November… after that will re-list after 100% of promoters and 96.67% of non promoters capital get extinguished means each 296.73 shares will probably be 1 share on RE-Itemizing.

As per discover on bse/nse dated 17 November 2020 DIGJAM has cancelled the document date therefore buying and selling is not going to be suspended until announcement of a brand new document date .

Uttam worth metal will final commerce right this moment on 20 November 2020 …zero worth will probably be paid as per IBC .

Backyard silk pays Zero …DHFL seem like on similar path…Jaypee infra too might pay nearly zero…have no idea about Uttam galva metal ?

JAYPEE INFRA pays 2 rs 58 paise for 1000 shares by compulsorily exit provide for delisting below IBC. decision.