Hello
Its good news for UWB depositors.
But isn't this one a clear case of
Insider Trading and that too with the active help from BSE itself.
BSE opened the 10% filters on the downside for UWB so that the Small investors could sell the shares at 60% less (Rs 10-11) than previous close (22.50), what a scam!
Now that IDBI has made an offer of 28, BSE's role in this whole affair looks quit dubious.
Its a Daylight Robbery of UWB investors who were in extreme panic on last monday. The very purpose of having a circuit filter was defeated.
Anyway, It Happens only in India.
Regards
Sanjay
PS: I did not own any shares of UWB