JSW steel is taking over loss making Ispat Industries at a price of Rs 19.85 per share. They also will be making an open offer to the existing share holders at this price .
Why you have to get out of Ispat Industries ?
As per my estimation Ispat Industries will be definitely merged with JSW steel in due course of time . Since this company is in deep loss,exchange rate at the time of merger will not be infavour of the investors in Ispat Industries .Ultimate looser in this deal will be the existing investors and hence i advice all the existing small investors to get out from this scrip at the earliest
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