Tuesday, December 4, 2007

Exit price of Igate at 410.

Today, company has announced the exit price to be at Rs.410/-
You can tender your shares even if you have not bidded before before 6 months.

The CMP is Rs.395/- and it is about 3% profit in less than a month. But there are many traders/investors out there who could make more money than this and getting out of this stock now.

Even if you have bidded above the exit price, wait for your shares to come back to your DP and then sell it to the company at exit price.

What will happen when you dont want to sell the shares?
You needn't have to sell it but it will get delisted from the exchanges. Then you are eligible to get the dividends that the company announces from time to time.

Cheers!!!