Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Sun, Feb 01 2009. 10 58 PM IST
Updated: Sun, Feb 01 2009. 10 58 PM IST
I had 300 shares of Centurion Bank of Punjab. I got 10 shares of HDFC Bank after merging against the 300 shares. It is the correct ratio. However, I have not received a letter from HDFC Bank.
Gayatri Deulkar
Yes, this is correct as the share swap ratio of Centurion Bank of Punjab and HDFC Bank was fixed at 1:29. If you wish to read more about it then you may find more details at http://www.centurionbop.co.in/news/press_250208.pdf
I had invested in equity shares of the following firms, but it seems that these companies are not in good shape. Please advise their present positions and whether the shares of these companies are traded at present: Akhil Ceramics Ltd, Autopal Industries Ltd, Amisons Food Ltd, Agro Tech India Ltd, Ambuja Agro Industries Ltd, Axel Polymers Ltd, Bhagwati Glass, Bharat Forge and Press Industries Ltd, BTW Industries Ltd, Century Tubes Ltd, Capsugel India Ltd, Damania Capital Market Ltd, Eureka Organics Ltd, Esskay Pharmaceuticals Ltd, East West Travels, Fishing Falcons Ltd, Gagan Polycot India Ltd, Golden Colourchem (India) Ltd, Golden Fertilizers Ltd, Goldwon Textiles Ltd, H Lon Hosiery Ltd, Hindustan Magnetics Ltd, International Ceramics Ltd, Indo Maxwell Ltd, Indus Foods, Jauss Polymers Ltd, Joymat Hotel Resorts Ltd, Kiran Overseas (Exports) Ltd, Kanakdhara Steel Ltd, Leena Textiles, La Medical Devices, Lohia Polyester Ltd.
HK Moria
For details on de-listing, mergers, change of names, suspension and amalgamations please check the Bombay Stock Exchange website for details on firms. For de-listed stocks, you may check http://www.bseindia.com/about/datal/delist/a-delist.asp, for change of name, you may check http://www.bseindia.com/about/datal/change/changes.asp.
I had some investments in fixed deposits with Dunlop India Ltd and Asia Pacific Investments Ltd. But the firms, despite maturity of the fixed deposits, haven’t refunded the amounts. All my queries remained unanswered. Please advise.
Archana Saxena
You may lodge you complaint with the Securities and Exchange Board of India and Company Law Board. Since your investment in the company is not in equity but in debt, you have a lien on the company’s assets and can claim your right. I am hopeful that contacting these authorities would help in getting your money refunded.
The answers are based on a technical analysis of markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes only by Vipul Verma. Readers are requested to do their own research before participating in stock markets; neither the paper nor the information provider will be responsible for any actions and outcomes based on information provided here.
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First Published: Sun, Feb 01 2009. 10 58 PM IST