Hwxa Tradex is part of the well known OP Jindal group . It is a Trading and Holding Company of the group
Hexa Tradex share is Rs. 2 paid up
In 2022 the discovered delisting / purchase offer price was Rs. 172 /-
https://tradingqna.com/t/delisting-of-hexa-tradex/140476
As per Annual Report 2022-2023,
As on March 31, 2023 the net worth of the company decreased to ` 1,94,730.45
lakhs in comparison to ` 2,13,817.86 lakhs as on March 31, 2022.
Page 41 of the 2023 Annual Report
https://www.bseindia.com/xml-data/corpfiling/AttachHis//711723e4-b8cc-4dc3-9e48-7ef351de95df.pdf
Share Capital
Rs 11 cr 5 lakh- Share Rs 2 paid
This is an asset laden company
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Delisting Application - Pending for more than a year
Promoters' Holding nearly 93 per cent
Page 3 of 2023 Annual Report
https://www.bseindia.com/xml-data/corpfiling/AttachHis//711723e4-b8cc-4dc3-9e48-7ef351de95df.pdf
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An Arbitrage Opportunity be possible -
PLEASE RECHECK THIS and CONSULT INVESTMENT EXPERTS BEFORE TAKING ANY INVESTMENT DECISION .
WE MAY BE WRONG
Current CMP is around Rs. 145
Delisting Price Rs 172 . PLEASE RECHECK THIS
Promoters , after delisting is approved , would have to give remaining shareholders an Exit window for one year , at Rs. 172.
Around 18 percent gain
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For Nalwa Sons please click ;-
http://www.rareindianshares.info/2023/09/nalwa-sons-investments-listed-asset.html
General Warning : Investment in Shares Can be Injurious to Your Wealth
Disclosure
: We have family holdings in Hexa Tradex - , so please
make suitable 'provisions ' for likely over optimism.
Disclaimer
: All comments / facts stated purely in good faith to further the
interests of fellow public investors. Please recheck every fact.
NO responsibility with this blog / writer
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