Essar Steel Bid-JSW Steel Enters

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http://www.business-standard.com/article/companies/arcelormittal-to-rebid-for-essar-steel-after-failing-legal-eligibility-test-118032201332_1.html

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Blog Comments

We did not surrender our shares in the Delisting process.

We feel such Non Promoter shareholders would get a good value  ONLY if the lenders are repaid in FULL. If there is any Haircut ( reduction in lenders' dues ) then ,we feel , there would not be much for existing shareholders. Equity shareholders ' assets are what is left after all the dues are cleared.

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Essar Steel Limited ( earlier known as Essar Gujarat Limited ) through at the Reverse Book Building process in 2007 delisted from the Stock Exchanges at the " discovered Price " of Rs. 48.

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Some shares of Essar Steel are available for Sale / Purchase with Dealers of Rare Indian Shares.

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General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer.