The boards of Bongaigaon and IOC have approved the merger ratio of 4 IOC shares for every 37 Bongaigaon shares. Based on the current market price, 37 Bongaigaon shares cost to approx. Rs 3,877. You will get 4 IOC shares valued at approx. Rs 2,272. Anyone buying Bongaigaon in the hope of getting 4 IOC shares will face a loss of approx. Rs 1,600.
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