Equity / Stocks - Indosolar stock - Insolvency in MARKETS - Hi, I have few shares of Indosolar ltd. (BSE: 533257 | NSE: INDOSOLAR | SERIES: BZ | ISIN: INE866K01015 ) ...
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Indosolar stock - Insolvency

  1. 03-31-2020 02:33 AM
    Knack

    Indosolar stock - Insolvency

    Hi,

    I have few shares of Indosolar ltd. (BSE: 533257 | NSE: INDOSOLAR | SERIES: BZ | ISIN: INE866K01015 ) but I found that it is in the process of Insolvency and am not sure what I need to do now. The shares are now 0.5 Rs priced and my complete investment is wiped out.

    If this insolvency is completed, do I get anything for the number of shares I hold now?. Does it makes any sense to sell the shares now?. What happens after insolvency is completed?. I see that company is doing business though as per latest financial reports.

    Pls suggest what is the best way forward for me?.

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  2. 03-31-2020 11:01 AM
    rmani84
    rmani84's Avatar
    Quote Originally Posted by Knack View Post
    Hi,

    I have few shares of Indosolar ltd. (BSE: 533257 | NSE: INDOSOLAR | SERIES: BZ | ISIN: INE866K01015 ) but I found that it is in the process of Insolvency and am not sure what I need to do now. The shares are now 0.5 Rs priced and my complete investment is wiped out.

    If this insolvency is completed, do I get anything for the number of shares I hold now?. Does it makes any sense to sell the shares now?. What happens after insolvency is completed?. I see that company is doing business though as per latest financial reports.

    Pls suggest what is the best way forward for me?.
    I typically avoid tracking such stocks .... not a way to build wealth
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  3. 03-31-2020 01:12 PM
    Knack






    Thanks, Manikandan for your response. That was my rookie mistake. If possible, please let me know your advice on my way forward.
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