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INEOS Styro

Equityrocks
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 share...to 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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