May 12, 2011

For Buying 50 Camac Shares Contact Tushar

Interested in selling 50 shares of CAMAC.Buyers please offer your best quotes.

Tushar

96712-35955
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4 comments:

Anonymous said...

Good news for CRB Capital Markets investors

http://www.livemint.com/articles/2011/05/03211357/Depositors-in-CRB-Caps-sister.html?atype=tp

For buying and selling any unlisted/suspended/unquoted shares kindly contact on 08108303330 or dharawat1@gmail.com


Extract of the article

Depositors in CRB Caps, sister firms may get some money back

Liquidator to repay people who deposited up to Rs.50,000 within six months; repayment may run into Rs.100 crore

Fourteen years after CRB Capital Markets Ltd went bust, a section of people who had deposited money with the non-banking financial company (NBFC) and a clutch of sister firms between 1992 and 1996 could be repaid.

The Delhi high court recently formed a seven-member disbursement committee to repay people who had deposited up to Rs.50,000 with CRB Caps—the name by which it was popularly known in its heyday. This committee is to conclude payment of around Rs.100 crore within six months, according to the court’s order.

Founded by Chain Roop Bhansali, a Marwari brought up in Kolkata, CRB Caps and its sister firms such as CRB Mutual Fund and CRB Share Custodian Services Ltd raised at least Rs.600 crore from the public in five years till 1996 through instruments such as fixed deposits, bonds and mutual fund schemes.

The fall of CRB Caps was a watershed event, following which regulations were tightened and many other NBFCs went bust.

Bhansali also raised large sums of money from state-owned banks such as State Bank of India (SBI) and Bank of Baroda.

Bhansali’s aim was to turn CRB Caps, his flagship firm, into a bank; it had cornered a substantial stake in the erstwhile Bank of Punjab, recalls Ajit Day, stockbroker and former president of the Calcutta Stock Exchange.

Besides a high interest rate, Bhansali offered huge cash incentives on deposits that were paid upfront, Day added.

To make his deposit schemes attractive, he even obtained a facility from SBI under which depositors could present redemption and interest cheques issued by CRB Caps at any of the bank’s 4,000 branches at that time. In those days, branches of Indian banks were not interconnected, and it took days, sometimes weeks, to realize money from outstation cheques.

Bhansali’s house of cards eventually collapsed in 1997 following a Reserve Bank of India (RBI) investigation launched in September 1996. It revealed several financial irregularities, and in April 1997, RBI restrained CRB Caps from raising fresh deposits.

CRB was already in a debt-trap, taking fresh loans to repay old ones. Soon after RBI put fetters on its operations, its cheques began bouncing, and Bhansali, who had famously said, “every single drop of my blood is for the depositors”, went underground.

Bhansali, who was arrested in 1997 and spent some three months in jail, turned reclusive. Though he is a member of the Delhi high court-appointed disbursement committee and is believed to be living in Delhi, his whereabouts aren’t widely known. He couldn’t immediately be reached for comments on this story.

But people such as stockbroker Narottam Dharawat of Mumbai, who had bought CRB Caps’ redeemable bonds under a public issue, are not going to receive anything under the disbursement scheme.

Dharawat had bought bonds worth Rs.7,000 in 1994-95, which got converted into shares soon. Subsequently, he subscribed to a rights issue of CRB Caps, paying Rs.9,000.

“It was such a reputed company at that time,” said Dharawat. “It raised such a lot of money from retail investors but no one knows what they did with it.”

May 14, 2011
Satyakam Mishra said...

Gujarat NRE Mineral puts off flotation

OUR SPECIAL CORRESPONDENT
Calcutta, May 9: Gujarat NRE Mineral Resources Ltd — the holding company of India’s largest independent metallurgical coke producer — has deferred its initial public offer (IPO) citing volatile market conditions.

GNMRL, which owns 45.92 per cent in the listed company Gujarat NRE Coke Ltd, has around 10,000 small shareholders who would have got an exit option following the listing of the company.

In a communication to the bourses, Gujarat NRE Coke chairman and managing director Arun Kumar Jagatramka said the “extreme volatility in the stock markets in India and abroad, has made it difficult for us to get correct and true valuation of the company”. He urged the shareholders to hold on to the stocks to unlock the real value in future.

During the last annual general meeting of Gujarat NRE Coke on September 10, Jagatramka had said he was looking to divest 25 per cent in the holding company. Promoters hold 90 per cent in GNMRL.

The GNMRL board has decided to offer one bonus for every two shares held to pacify the small investors. The Jagatramka family — the promoters — will forego their entitlement of bonus shares in favour of non-promoter shareholders.

In 2009, GNMRL had announced 1:1 bonus for non-promoter shareholders.

Retail shareholders entered GNMRL when the Jagatramka family made a private placement of shares few years back to existing shareholders of listed Gujarat NRE Coke.

Besides a controlling stake in the local met coke maker, the holding company also owns stake in Gujarat NRE Coking Coal Ltd, the Australian mining arm.

GNMRL, through its wholly owned subsidiary, holds 90 per cent in two onshore oil and gas exploration blocks in the prospective Canning Basin in Australia.

May 14, 2011
Kuber said...

The gentleman is just taking quotes and no one knows that he has stock.

I request that no comments should be published without any quotes. I think as a policy the adminstrator had once accepted that as a practice but I see that its again been forgotten.

Just artifical trades should be stopped

May 14, 2011
tushar said...

KUBER JI,

U give ur quote,if i like then i sell u shares , then u know that i have stock or not.....

May 16, 2011

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