Sunday, January 15, 2017

Hubtown : many avatars, investors clueless

Hubtown Limited, formerly known as Akruti City, came IPO in the name of Akruti Nirman in the year 2007 at a price of Rs 540. The IPO was lead managed by J.P.Morgan India Pvt. Ltd. and Enam Financial Consultants Pvt. Ltd.

The company has changed name twice. But nothing has changed to the fortunes of investors. Since coming IPO there is no split or bonus offer from the company. The ten rupee face value stock is currently trading around Rs 95. Down Rs 445. Plus ten year's opportunity cost. 

No comments:

Post a Comment