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April 20, 2014

Nirma Limited - Shabby Treatment of its Loyal Shareholders

Message Received :-

I have a few shares of Nirma Limited. I read on this blog that company tried to forcibly cancel shares in July 2013 and pay investors a small amount. Was the company successful in this? I did not receive any cheque for pending amount, hence i ask this question. Please let me know if anyone has knowledge or own Nirma shares.


Blog Answer :-

Nirma Limited has treated its remaining LOYAL shareholders very shabbily.

Earlier ,at the time of Delisting Shares , in 2013 ,were bought @ Rs. 260 ( share Rs. 5 paid up ).

Recently , the remaining Non Promoter Shares were forcibly acquired @ Rs. 220 .Cheques have been despatched.

 06, 2013

Nirma Compulsory Acquisition of Non Promoters Details

April 01, 2014

Nirma Limited- Compulsory Buy Back @ Rs.225

Nirma Limited has despatched Pay Orders for compulsory cancellation of minority Non Promoter shares @

Rs. 225 per share.

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