From ₹318 to ₹4,311.6: @OtisElevatorCo Gives Shareholders a 14X Exit!

A company that canceled 208,403 equity shares of its non-promoter shareholders and, after nearly 21 years, has given them an opportunity to exit—with a 14 times return. We're talking about OTIS!

In fact, when OTIS shares were delisted in 2003, the price was approximately ₹318. Now, 21 years later, OTIS has offered non-promoter shareholders an exit at ₹4,311.6 per share, which is almost 14 times the last traded price of ₹318. This is an excellent exit for investors!

But how will all this happen? Well, it will only happen after the tribunal's approval, and there could also be some tax implications.

If you like financial updates and want more interesting news like this, then subscribe to Planify.

About Otis Elevator India:

Otis Elevator Company India Ltd. ("Otis Elevator") manufactures, installs, and services lifts and escalators. It offers products like low-rise lifts (up to 6 stops), mid-size lifts (6 to 15 stops), high-rise lifts (16+ stops), escalators and moving walks, and dispatching. The company generates revenue from three major business segments - 1) new equipment sales, 2) service, and 3) modernization.

Join Us For all the latest updates about startups, preipo and unicorns.

Keep yourself updated with the market situation.

Join us on Facebook​

LinkedIN​

Twitter​

Instagram​

Telegram​

Contact us at +91 7065560002 via Whatsapp/Normal call

Or Mail us at help@planify.in

⬇️ Download the app for easy access. Links are given below:

​Planify iPhone App​

​Planify Android App