Ispat Industries delisted

#1
Hi,
Didnt know the appropriate forum to post in so posting here.

I have 100 shares of Ispat Industries (ISIND) bought for 20.78. Now the company is no longer traded and the share value is showing 9.98 in my portfolio.

Please advise how I can sell or what can I do with it.

thanks
B
 

amsin21

Well-Known Member
#7

deneb

Well-Known Member
#8
Ispat industries merged with Jsw steel in the ratio 1:72. You will get 1 JSW steel share for every 72 Ispat shares you held. You will get cash for the remaining 28 shares. Write or call the JSW Steel company secretary. You should get his address from the JSW STEEL website. When you write to him mention your DEMAT ACCOUNT Number.
 

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