Tuesday, October 27, 2009

Kalindee Rail - Kabhi Haa Kabhi Naa

I saw a innocuous piece of corporate announcement on the BSE with respect to Kalindee Rail.

Kalindee Rail Nirman (Engineers) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 26, 2009, inter alia, has approved refund of Warrant Application money received from Promoters / Prospective Allottees.

The warrants were issued after getting a go ahead from shareholders in a special EGM held on Sept 08 2009. Just after a month on Oct 15th a announcement is made about a board meeting detailing out refunding of the warrant application money to the promoters.

I didn’t know one can get refund of warrant application money. I love this call option where u get u r option premium back if you choose to.


Anonymous said...


Skumars.com had done sumthn similar, though the reason they gave was a bit different..
Kalindee has taken playing the 'warrants game' to new heights! :-)

Watch Investments said...

This is sickening.

I like your website. I have added to my links. I am collecting all the value blogs in India. Please let me know if you find anything interesting


Ninad Kunder said...

Hi neeraj

Will check the Skumars link. Thanks for the same.



Ninad Kunder said...

Hi Watchinvestments

Thanks for adding my link to your webiste.