Novapan Public Shareholders Compulsorily Bought Out by Promoters @ Rs. 40 / Share

  Novopan Industries Delisted in 2014 at a Delisting Price of Rs.40 /-

Promoters , then held  98 : 11 % of Equity

Exit Offer ended on 09/11/2015

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Ministry of Corporate  Affairs had opposed Exit plan 

https://economictimes.indiatimes.com/markets/stocks/news/mca-opposes-gvk-firm-novopans-exit-plan-for-minority-shareholders/articleshow/72485171.cms

 Delisting Offer in PDF

http://www.moneycontrol.com/livefeed_pdf/Aug2014/Novopan_Industries_Ltd_010814.pdf

Novopan India is part of the well known GVK group

http://www.thehindubusinessline.com/markets/delisting-to-keep-novopan-in-focus/article6335569.ece

For official Novopan Site


http://www.novopan.in/finacial_overview.html

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After  7 years same rate of Rs.40 given and too for compulsory acquisition   

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

Caution :The blog writer had personal/ family members' holdings in this company , so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )