Moneycontrol.com >> Messageboard >> Stocks >> IOC >> hi, i have 400 shares of BRPL, but after merger with IOC, i did not get any IOC shares till date.

dk2u

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hi, i have 400 shares of BRPL, but after merger with IOC, i did not get any IOC share... Read full message

3.56 PM May 5th 2009 | Track

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dk2u

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hi, i have 400 shares of BRPL, but after merger with IOC, i did not get any IOC shares till date.

Does anybody get the IOC shares?

3.56 PM May 5th 2009

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arpit asawa

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No not yet still awaiting for the news to come.
Does anybody know anything regarding the subject matter

5.53 PM May 6th 2009

dk2u

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hi,
The BRPL shareholder will get the IOC shares on 15-May-09 as replied by the karvy:

Dear Investor,

Unit : BONGAIGAON REFINERY & PETROCHEMICALS LTD

IOCL shares will be credited in your account on 15-05-2009

Regards,
Customer Care
Karvy Computershare Pvt Ltd

8.04 PM May 13th 2009

stkstudent

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IOC shares got creditted, not yet cash component for the remainder odd holding of Bongaigaon Refinery, that cash component too should have been creditted simultaniously, am I right ?

11.27 AM May 16th 2009

dolphin_84i
n

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How cash component will get calculated??

12.17 PM May 18th 2009

arpit asawa

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U would get a cheque for the remaning share

I have been told this by others

12.30 PM May 18th 2009

stkstudent

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Thanks for the information. By the way, is the IOC share (that the Bongaigaon Refinery share holders have been credited with) now tradeable on the bourses ? Probably may not be so.

10.08 PM May 21st 2009

stkstudent

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1.Probably the average price of the IOC share over a specific pre-determined period multiplied by the fraction of the IOC share entitled for in lieu of the odd remainder shares of the Bongaigaon Refinery 2.or the average price of the Bongaigaon Refinery shares over a specific pre-determined period prior to merger multiplied by the odd remainder shares of the Bongaigaon Refinery.
Frankly I do not know exactly.

11.18 PM May 21st 2009