Only Buyers in Matrix Labs on Delisting plans

001 The share price of Matrix Labs has been soaring high on news that Mylan Laboratories (the majority shareholder in Matrix) is proposing to delist the company from stock markets at an indicative price of upto Rs.150. This is part of strategic move by Mylan to consolidate its holding in the company. The stock was quoting at Rs.141 up by 20% with no sellers and pending buy orders of more than 8 Lac shares. The stock has nearly doubled in last three months.

Mylan Laboratories had acquired 71.16% Controlling Interest in Matrix Laboratories in Jan 2007. As per the latest Shareholding pattern the Foreign Institutional Investors (FII’s) hold 16% stake in the company.

Matrix Labs has a book value of Rs. 44 Per share and the stock is currently trading at Price to Book value of 3.22

7 comments:

Narendra said...

Hello Rajesh,

Few months back you had recommended Teledata Informatics as one of the hidden Gems and multibagger.

So, what is your latest take on that?
Do you still think it is good?

Regards,
Narendra

Gateway2Africa said...

I have some shares of Matrix shares, now it's delisted, what can i do? when will i get my money back?

rahul said...

I have some shares of Matrix shares, now it's delisted, what can i do? when will i get my money back?

Anonymous said...

I have some shares of Matrix shares, now it's delisted, what can i do? when will i get my money back?

govardhan said...

I have some shares of Matrix shares, now it's delisted, what can i do? when will i get my money back?

Vishal Sorathia said...

We Can Buy Shares Of Matrix Lab If It Is In Demat Form.. Kindly Contact If You Want To Sell.... Vishal - 097260 56080

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