Shares purchased at higher rate
This query is : Resolved
02 April 2012
WHETHER I CAN SELL SHARES AT A RATE HIGHER THAN THE MARKET PRICE TO A PRIVATE LIMITED COMPANNY...
SHARES MARKET PRICE LISTED IN STOCK EXCHANGE = 150..
I WANT TO TRANSFER THESE SHARES OFFLINE BY DEMAT TRANSFER AND SALE VALUE WILL BE BY RS. 500 RS.
HOW WILL THAT COMPANY JUSTIFY THAT INSTEAD OF PURCHASING THOSE SHARES ON STOCK EXCHANGE... IT HAD PURCHASED SHARES AT A HIGHER PRICE FROM ME...
SHARES MARKET PRICE LISTED IN STOCK EXCHANGE = 150..
I WANT TO TRANSFER THESE SHARES OFFLINE BY DEMAT TRANSFER AND SALE VALUE WILL BE BY RS. 500 RS.
HOW WILL THAT COMPANY JUSTIFY THAT INSTEAD OF PURCHASING THOSE SHARES ON STOCK EXCHANGE... IT HAD PURCHASED SHARES AT A HIGHER PRICE FROM ME...
03 April 2012
Company cannot justify it unless it is strategic purchase, which I don't think is the case here.
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