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Bronze Member

311 Messages

exactly similar thing happened few years ago with International paper appm..largest US paper company bought stake fr old promoter Bangurs..paid around 750 per share...improved everything for 6 yrs..after it started doing good, when the price was 450 odds, they sold entire 70% at some 270 per same old promoters..they had to give open offer at 450 due to SAST regulations...later within a year price came crashing down to low of 125 and today its 388...if interested dif up details..i have yet not understood why they did it...

11.49 PM Aug 6th
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