As the ratio of Tata Steel: TRF shares are highly against the shareholders of TRF shareholders, do we see the swapping ratio getting changed or is it fixed. If they do not change, then TRF shareholders are cheated. Price is artificially increased from 175 to 370+ levels and now shares are dumped to retail investors.
Investors, please share your opinion. Sometimes, companies bring OFS whose floor price is 30-40% below LTP, sometimes merger and acquisition like in case of Lakshmi Vilas Bank and DHFL where value is simple 0 and many people lost their money. In short, companies can do whatever they want.
That is why, I think that trading is supreme than investing. If you want to invest, invest in index only, that’s what I have learnt.
The swap ratio is final and to the best of my knowledge will remain at what was mentioned after the board meeting.
Yes I agree, TRF shareholders are at a disadvantage when compared to other companies. If you look at the charts of TRF the price was 167 on 12.09.2022 but then it just rallied like a rocket to 375 (approx). Wonder what could have caused such a massive rally, doubling the market price from 167 to 375 (peak) within a span of 10 days.
Personally do not agree with this statement, but then, each one to their own views.
However Tata metaliks merger is completed. I got mail of debit of Tata metaliks share from my account and credit of Tata steel shares. However still the credit is not reflecting in my zerodhas portfolllio. Usually how much time it takes ?
