Hi All,
I was an investor in Indian primary share market during the period between 1987-1994. My investment was primarily in the NRI quota of public offers of shares. I was at that time working in Bahrain in the Arabian Gulf. After 1994 I withdrew from investing, but still hold a good number of those shares. Currently I live in Australia.
One of the shares I hold is Kotak Mahindra Bank. In recent days the share price of this suddenly halved. I heard about the merger of Kotak and Vysya Bank. Whatever that means, does it mean that I lost half of the value of the Kotak Mahindra Bank shares? I am confused. Can someone explain what it means and what I should expect with my shares?
I was an investor in Indian primary share market during the period between 1987-1994. My investment was primarily in the NRI quota of public offers of shares. I was at that time working in Bahrain in the Arabian Gulf. After 1994 I withdrew from investing, but still hold a good number of those shares. Currently I live in Australia.
One of the shares I hold is Kotak Mahindra Bank. In recent days the share price of this suddenly halved. I heard about the merger of Kotak and Vysya Bank. Whatever that means, does it mean that I lost half of the value of the Kotak Mahindra Bank shares? I am confused. Can someone explain what it means and what I should expect with my shares?