Rasoi Ltd. Face Value Raised From Rs.10 to Rs.200- Highly Anti Shareholders

Rasoi Limited ( listed in BSE ) , in a very strange and anti small share holder move has consolidated 20 shares of Rs.10 in to 1 share of Rs.200.

http://www.indiainfoline.com/article/companies-circulars-bse/consolidation-of-equity-shares-of-rasoi-limited-117012400374_1.html


--------------------


court order cites SEBI approval ( very strange )

http://nclt.gov.in/interim_orders/kolkata/06.01.2017/Rasoi%20Limited_Section%2061(1)(b)_06.01.2017_.pdf

-----------------------------------

This is most pernicious . .

All shareholders must object such devious moves.

SEBI must not allow such moves. 

-------------

also , please read 

http://www.rareindianshares.info/2011/01/binani-metals-limited-why-face-value.html

------------

General Warning : Investment in shares can be injurious to your WEALTH.

Caution :The blog writer had personal / family members' holdings in this company , so please make suitable "provisions " for vested interest .

( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )