Binani Cement Shares Cancelled-No Value

CA Harshil Shah 's analysis (also a share dealer ) proven right

Harshil Shah, Vashi, Navi Mumbai 

Website: www.unlisteddeal.com

Email: harshil@unlisteddeal.com , ( M )91377 18552

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Public Shareholders of Binani Cement have received an official intimation that their shares have been cancelled without any payment.

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OLD POST


For informative analysis by  Harshil Shah on whether there would be any thing for Public share holders of Essar Steel. 

In a stock exchange submission, Ultratech has declared Binani cement as WHOLLY OWNED SUBSIDIARY. This is despite there are many other shareholders of Binani cement. 

Since there is no money left after paying creditors, it seems Ultratech has cancelled all preference shares and equity shares of shareholders of Binani cement considering them as WORTHLESS.

If it is so, Arcelor may also do same with Essar shareholders once take over is completed since in Essar case even creditors aren't fully paid off.

Please recheck at your end. 

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Blog Caution : REGARDING ESSAR STEEL -PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THE ABOVE CONJECTURE / PROBABILITY . IT S UNCONFIRMED . For Binani Cement shares it is Confirmed.

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General Warning : Investment in shares can be injurious to your WEALTH.

Caution :The blog writer used to have personal/ family members' holdings in Binani Cement,so please make suitable "provisions " for likely over optimism

( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )

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Binani Cement - Letter

Here D.W. = Death Warrant ( NOT DIVIDEND WARRANT ) of Shares

TV Ad ( Amitabh Bachchan Sir ) Kehtey The-y :"Binani Cement -Sadion Ke Liye "

Click on Image TO ENLARGE