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Essar Steel

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  #1  
Old 2nd January 2008, 02:09 PM
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Default Essar Steel

Can Anybody Tell Me What Happened To Essar Steel Shares...
I Bought It For Rs.57...
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  #2  
Old 2nd January 2008, 03:28 PM
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Default Re: Essar Steel

Quote:
Originally Posted by djsan007 View Post
Can Anybody Tell Me What Happened To Essar Steel Shares...
I Bought It For Rs.57...

Essar steel promoters have delisted their company from all stock exchanges hence there is no trading in these shares . Now u can only sell the shares to company under their buy back scheme at Rs.48/- per share ( valid for a period of six months only or alternately hold on and hope some day they relist the shares at higher prices.

If you see on money control website some of the large public shareholders have decided to take the company to court for the delisting of shares. Let us hope something comes out of it for the remaining shareholders who are still holding the shares.
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Old 2nd January 2008, 06:12 PM
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Default Re: Essar Steel

Essar is the worst company ever in Indian history. The Ruias have taken upon themselves to absolutely loot the shareholders and create money out of nothing. F**k the Ruias, F**k Essar.
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  #4  
Old 2nd January 2008, 08:23 PM
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Default Re: Essar Steel

Quote:
Originally Posted by AmoghG View Post
Essar is the worst company ever in Indian history. The Ruias have taken upon themselves to absolutely loot the shareholders and create money out of nothing. F**k the Ruias, F**k Essar.
Your are absolutely right. The Ruias should be kicked out of this country. But we has investors are fools who still keep buying shares belonging to the ruisas . You have to see Essar oil counter to belive this. Hope wisdom dawns up these investor in 2008 before they lose their money.
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