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?.

Originally Posted by Knack

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