*Areva T&D at new low* Areva T&D hit a new 52-week low today at Rs.140.90 and it currently remains over 20% down at Rs.157.60 with sellers outnumbering the buyers. It opened at Rs.186.90, which remains its intra day high.
The stock is facing relentless selling on demerger on demerging its distribution (medium voltage) business operations into wholly-owned subsidiary, Smartgrid Automation. Tomorrow, 15th Dec is the record date for determining shareholders of the company who would be entitled to receive on a proportionate basis, for every one fully paid-up equity share of Rs 2 each held in Areva T&D India, one fully paid-up equity shares of Rs 2 each of Smartgrid Automation.The stock is likely to be around Rs.145 levels on ex-basis. -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
