August 09, 2021

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
Ministry of Corporate  Affairs had opposed Exit plan 
After  7 years same rate of Rs.40 given and too for compulsory acquisition   

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 . )

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