Dear Vkk43,
Looks like it may not be feasible for me to participate in Open Offer as I no more live in India. If decide to opt out and eventually Co. management decides to delist do the remaining share holders get any chance to surrender their holding at the same open offer price ?
If that is not the case it may be good idea to sell the holding in the market.
Remaining shareholders will get 6 months time to surrender their shares to the company at the open offer price, even after the company decides to delist its shares from SE.
You can sell these shares even now in the market.
You may pl hold this stock for time being as it is too early to decide for disposal in market.
i am holding the share from 1977 onwards when it was known as Hindustan Ciba.
Dear Man,
Thanks for your guidance. I am holding Novartis since 2001. My wife is is also holding another lot inherited from her Late father ( Acquired during original IPO sometime in late 50 ).
As such dividend yield is very good and there is no need to exit unless situation compels.
I have remained as long term investor in this kind of stocks as they are safe and better compared to bank fixed deposit.
By following this principal i have not become corer pati but also i am not road pati.
Unless you need funds for avery special purpose remain invested in this kind of stocks for better future. For children education or their daughters marriage one can rely on this kind of stocks.
Based on one day movement you can not make this as a standard statement.
VKK4 is very experienced boarder and we must see this moment fro 15 to 20 days minimum period
I am not in a position to understand what you want to convey.
As per your understanding Novarites is overpriced or underpriced for open offer.
As per my reading this stock will not get response for buy back as it is better to sell in market to get good realization as well as tax benefit.
Due to this reason company may revise open offer price and no need to sell Novarites at current price of Rs 265 in market.
Hope things are clear in all respect to you.
| NIFTY 
