GUJARAT SIDHEE CEMENT LTD @ 23

1.GUJARAT SIDHEE CEMENT LTD is a 10 rupee face value cement stock. 
2.GUJARAT SIDHEE CEMENT LTD recommended 1 rupee per share dividend this year. 
3.Promoters holding in GUJARAT SIDHEE CEMENT LTD is 35.70 % FII holding 0.06 % DII hold 2.49 %. 
4. Actually this is a same story of singer india ltd read singer india view at 
http://sharegenius.blogspot.in/2013/06/book-your-250-profit-in-singer-india-ltd.html 
5. Singer india and gujarat sidhee both were sick units due to his high debts and both reduce his share capital for repaying debts in this order gujarat sidhee reduced the paid up share capital of the Company by 75% from Rs. 144,61,54,080/- consisting of 14,46,15,408 fully paid up Equity Shares of Rs. 10/- each to Rs. 36,15,38,520/- consisting of 3,61,53,852 fully paid up Equity Shares of Rs. 10/- each as approved by the Hon'ble Board for Industrial & Financial Reconstruction (BIFR). 
6.This reduction in paid up share capital reduce quantity of total share and make gujarat sidhee a debt free stock. 
7. So my view is positive for gujarat sidhee.
8. I hold 75 share of GUJARAT SIDHEE CEMENT LTD.