August 21, 2014

Cimmco Open Offer by Titagarh Wagons Fails ??

CIMMCO ( Central India Machinery Manufacturing Company ) was earlier a Birla Company.

It was recently taken over by Titagarh Wagons.

Titagarh Wagon's Open Offer to Public shareholders @ Rs. 15 / 50 p has failed with only  1429 shares ( 0:01 % of total equity ) tendered against an offer for 50,53,181 shares ( 25 :08% of total Equity )


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

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

( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer


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