RBI okays amalgamation of UWB with IDBI

[tanewbie]

http://www.moneycontrol.com/india/n...lgamationuwbidbi/market/stocks/article/239894

 

[SGM]

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

 

[smineel]

Nice and truly said

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

 

[jalanbk]

What is the prospectus of IDBI after this decision by RBI...

should we buy IDBI at current level ?

 

[swagat86]

It Shows the magic of playing Contrarian to the market.

One more important thing always do the opposite of what CNBC people say.
I remember that morning when Udayan Mukherjee said "Just forget about it, Dont even think of any thing sell it off and Get out"

Contrarian ki Jai