Nahata Securities Pvt Ltd Stock-broking firm, Delhi
The company had 2.85 lakhs of physical shares of as many as 30 unknown, lesser-known, delisted and defunct companies. It was a complex case of transfer of shares involving huge volume and varied numbers of companies--many do not even exist.
Going by the sheer exhaustiveness of the case, we adopted a step by step approach. Our research team first prepared a detailed database of 2.85 lakhs of shares to find out the valuations. The next step was to prepare listing status, annual fillings, book value, net worth, and above all viability of the companies, and then constant follow ups with competent authorities. We wrapped up the case in just five months.
A total value of Rs 10 lakhs was unlocked along with an updated database.