The last few trading sessions have been rather dramatic for the IVRCL Scrip. Ever since ESSEL went on record to state that they would not be buying more from the open Market but would 'watch carefully' if I remember the words correctly, the Scrip has seen a bit of a downtrend. It seems to have found support for the time being around 60-61 levels.
Dredging the Net for news on the issue, I came across the following article from today's Business Standard which, very rightly, makes a case for minority shareholders to stay put in the counter as the takeover saga unfolds further. Am posting the Link below for the benefit of my Readers.
'IT'S A HOSTILE GAME' TO READ THE ARTICLE CLICK HERE
TO READ ALL EARLIER POSTS ON IVRCL SEE HERE
On a yearly basis seems like, the tax burden rise in California and Illinois, additionally they would prefer not to have tax rates to elevate any further compared to what they actually have, and so these two states look like they are in a battle about who exactly can implement the silliest tax legislation on the oddest products. This happens to be how you acquire a candy tax! The only real rational solution to make up the revenue is usually to apply a candy tax. Listen up taxpayers; specific sweets shall be subject to sales tax while others are deemed "nutritional." Notice where your chosen sugary snacks ranks at this site: http://www.tax-defense-network-tax-laws.com/tax-defense-network-fruits-candy-blueberry-taxed/
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