Bongaigaon Refinery shares ? To sell or not ?

Hi

I hold BRPL 100 shares @100.84..Its now at 45.70
Should I sell it or hold ? Also has it merged with IOC ?

Can I buy IOC shares in lieu of BRPL ?

Thanks
Sumit

March 25th, 2009 - 2:55 pm ICT by IANS

New Delhi, March 25 (IANS) The government has approved a proposal for merging Bongaigaon Refinery and Petrochemicals into its parent company, the state-run Indian Oil Corp (IOC).
In a regulatory statement Wednesday, IOC said Bongaigaon Refinery stands dissolved and the merger becomes effective March 25 following the filing of the amalgamation order with the Registrar of Companies (ROCs) in Shillong and Mumbai.

IOC will issue four shares for every 37 Bongaigaon Refinery shares, it said in the statement.

hmm thanks...

so I will get arnd 11 shares of IOC
But till date I hadnt got nor my ICICI direct portfolio is showing it

Hi Sumit,

Call ICICI customer care. I am not using ICICI, but I heard from many people that ICICI's interface is crap and that you have to do some portfolio adjustments yourself.

Hi,

Go to the Dmat allocation. you will find your holding

^ oh cool .....I found them..waise this system is crap..everytime manually updating the portfolio :x

anyways thanks !