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Moneycontrol.com >> Message Board >> View Messages >> Vikas WSP
   You are here :     Moneycontrol     MMB    Stocks      Vikas WSP                         Most active discussions of 2006 , 2007 & 2008
Pref.Allotment Rs.82.50. Reasons?? (6)   09-Feb-08 00:23Tracked by (1)  
Posted by:   agasthiyar on ( 09-Feb-08 00:23 )
Price : BSE: Rs 41.75 ( -4.24 % )
8-2-2008 The following things appear to me. I may be wrong also. I have only around 10 months experience in this field. (A) 10% money, i.e., Rs.8.20 would be paid. Later, they may forfeit(lose) the money to the Company without paying the rest of 90% within 18 months (as in the case of Aftek) . At the same time, it may help in pricing in future. (B) Even the 10% may not be paid and it would end up as an announcement as made by so many Companies, such as Tripex Overseas, etc. (C) From 2002 to July 2007 no Trading data (suspended????) and hence fixation of SEBI approved price may be doubtful in the mind of the Company, because during September 2000 the high price was Rs.1151/-. Hence may be this Rs.82.50 since Trading started around August 07 only. After consulting with SEBI, etc. the actual payment would become lesser sometimes, but may not be announced loudly for reasons known to everybody. (D) The Independent Directors on the Board (serving IAS/IPS/IRS) are getting shares at face value of Re.1/- as in the case of employees of the Company under the ESOP. This Rs.82.50 may be to show to them as to how much is the worth of the share other preferential allottees are willing to pay within the same timeframe and to show the benefit difference in pricing to the Independent Directors and ................. (E) Any other reasons other Boards may like to share. .........Agasthiyar.
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