please click
https://economictimes.indiatimes.com/markets/stocks/news/securities-scanner-cas-valuers-and-css-could-come-under-sebi-ambit/articleshow/63605003.cms
================
Blog Old Posts
https://www.bloombergquint.com/business/2018/03/20/ultratech-will-fight-off-a-web-of-litigation-to-buy-binani-cement-exclusive
https://www.moneycontrol.com/news/business/binani-cement-resolution-professional-alleges-fraud-by-company-promoters-2532775.html
Any hint of dishonesty / underhand considerations hurt the Ordinary / Public shareholders who depend entirely on Audited Balance sheets and " fair " prices worked out by "Independent Valuers.
Such "Professionals ' are selected and paid only by the Promoters and can be partial.
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other posts
BINANI CEMENT - A CASE STUDY - COMMENTS BY INSIDERS WHO KNOW HOW THESE PROFESSIONALS ACTUALLY FUNCTION
1 ) Selective cancellation of Non Promoters shares.
2 ) Conversion of Equity shares in to Redeemable Preference Shares.
3 ) Consolidation of face value of one share to a Higher Denomination .
In all cases , valuers are appointed and Paid by the Company. Thus they are Promoters' Agents.
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https://economictimes.indiatimes.com/markets/stocks/news/securities-scanner-cas-valuers-and-css-could-come-under-sebi-ambit/articleshow/63605003.cms
================
Blog Old Posts
March 21, 2018
CA s, Valuers , NCLT Professionals Should be Fair / Honest
https://www.bloombergquint.com/business/2018/03/20/ultratech-will-fight-off-a-web-of-litigation-to-buy-binani-cement-exclusive
https://www.moneycontrol.com/news/business/binani-cement-resolution-professional-alleges-fraud-by-company-promoters-2532775.html
Any hint of dishonesty / underhand considerations hurt the Ordinary / Public shareholders who depend entirely on Audited Balance sheets and " fair " prices worked out by "Independent Valuers.
Such "Professionals ' are selected and paid only by the Promoters and can be partial.
-------------
other posts
March 21, 2018
February 21, 2018
Binani Cement Undervalued in NCLT Say Promoters
In a filing at the National Company Law Tribunal, Kolkata, Binani Industries has also said the resolution professional appointed for the company, Vijaykumar Iyer, and Deloitte, have vested interests in undervaluing the company so that they can give their “favourite bidder” the company.“It appears the valuation done by the resolution professional is absolutely wrong on account of valuers being misled by the RP, who has a personal interest in undervaluing the corporate debtor (Binani Cement),”
credit / for more please click
http://www.business-standard.com/article/companies/insolvency-binani-industries-questions-cement-arm-s-bidding-process-118022100002_1.html
credit / for more please click
http://www.business-standard.com/article/companies/insolvency-binani-industries-questions-cement-arm-s-bidding-process-118022100002_1.html
old post
February 14, 2018
Games Promoters Play ( on Minority Public Shareholders ).
Promoters use clever moves to forcibly eject Public shareholders when ever they feel like i.e. when the Company has excellent future prospects or when it suits the Promoters.
1 ) Selective cancellation of Non Promoters shares.
2 ) Conversion of Equity shares in to Redeemable Preference Shares.
3 ) Consolidation of face value of one share to a Higher Denomination .
In all cases , valuers are appointed and Paid by the Company. Thus they are Promoters' Agents.
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If the Company feels that the rate it is offering is " FAIR " then it should , also , be willing to offer to sell its entire majority holding at that rate .
The minority share holders ( and other Indian share holders ) should have a Right of Pre emption at that " FAIR " rate.
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March 24, 2018
Rs.60,550/- New Face Value of Chembra Peak Estates share !!!
Chembra Peak Estates ( listed in , now ,closed Regional Stock Exchanges ) has proposed consolidation of its share fave value from the present Rs. 10 /- to Rs. 60, 550 /- ( which face value is unprecedented in the corporate history of India.
All the Non Promoters ' holdings would be reduced to fractions who would be compulsorily paid@ Rs. 76 .
This brazen and bizarre face value figure shows the extent to which Promoters can go to compulsorily eject Loyal Non Promoter shareholders at a fraction of the true value
The Investor community must act unitedly to oppose this anti small share holders move.
We wish to acknowledge the stellar role being played by PP Zibi Jose of
email : tenrosekochi@gmail.com
Macrofil Investments is an Investment Holding Company of Nusli Wadia group ( Bombay Dyeing, Britannia , Bombay Burmah , National Peroxide etc ).
Marofil Investments holds ( on a very small capital base of Rs.44 Lakh ) inter alia one third of National Peroxides' Equity.
In the last one year Market price of shares of National Peroxide has gone up from Rs. 600 to Rs.2000.
Macrofil Investments has , very cleverly , devised a plan to consolidate face value of one share from Rs. 10 to Rs. 5000.
All the Non Promoter shareholders would be evicted.
The rate set is around Rs. 3400 per share. This has been worked out by Valuers appointed and paid by Macrofil Investments.
The realistic rate should be Rs. 10,000 + ( for Rs.10 share ).
file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/EGM%20NoticeMacrofil%20(2).pdf
=========================================================
All the Non Promoters ' holdings would be reduced to fractions who would be compulsorily paid
This brazen and bizarre face value figure shows the extent to which Promoters can go to compulsorily eject Loyal Non Promoter shareholders at a fraction of the true value
The Investor community must act unitedly to oppose this anti small share holders move.
We wish to acknowledge the stellar role being played by PP Zibi Jose of
Tenrose Capital Services Ltd, Cochin
Tel - 0484- 2401685 ; 2401684 ( m ) 09388603877email : tenrosekochi@gmail.com
in taking up this case.
They are doing a great job.
We wish proactive investors / experts like them are appointed as independent directors on the board of companies.
Please do go through the letter given below ( click top right / icon TO ENLARGE
Also , please read
http://www.rareindianshares.info/2018/02/fci-oen-connectors-compulsory-buyback.html
On so called " Independent Valuers " who work out so called " Fair Value ", please click :-
http://www.rareindianshares.info/2018/03/ca-s-valuers-nclt-professionals-should.html
On so called " Independent Valuers " who work out so called " Fair Value ", please click :-
http://www.rareindianshares.info/2018/03/ca-s-valuers-nclt-professionals-should.html
---------------------------
PP Zibi Jose's Very Illuminating Letter
for more , please click
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FCI OEN Connectors-Compulsory Buyback at Fraction Value
FCI OEN Connectors is the latest Company ( like Cadbury India ) to compulsorily eject loyal Non Promoter shareholders @ Rs.767 /- per share.
Real Valuation is Rs. 4000 + /- per share .
This anti Public shareholder move needs to be vigorously opposed
-----------------------
We are grateful to Mr. PP Zibi Jose of
for taking up the issue
=================
Please click below for the entire fact sheet letter brilliantly written by Mr. Jose.
https://drive.google.com/open?id=0BxTiSqO5KwdeLUNYeW1qRHdTNUVrdUhkRXM0YS1kUTE1T0JZ
Real Valuation is Rs. 4000 + /- per share .
This anti Public shareholder move needs to be vigorously opposed
-----------------------
We are grateful to Mr. PP Zibi Jose of
Tenrose Capital Services Ltd, Cochin
Tel - 0484- 2401685 ; 2401684 ( m ) 09388603877 email : tenrosekochi@gmail.comfor taking up the issue
=================
Please click below for the entire fact sheet letter brilliantly written by Mr. Jose.
https://drive.google.com/open?id=0BxTiSqO5KwdeLUNYeW1qRHdTNUVrdUhkRXM0YS1kUTE1T0JZ
for more , please click
.
.
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Ban All Face Value Consolidations to Higher Denominations
Whereas Split of the face value of one share to a Lower denomination should be allowed ,Consolidation to a Higher Denomination should be absolutely banned by SEBI.
Consolidation to a Higher Denomination was done by Binani Metals, Rasoi Limited , attempted by Digvijay Finlease ( later withdrawn under Public shareholders' pressure ) and , now, being attempted ( but opposed by shareholders ) of Macrofil Investments Ltd ( a Nusli Wadia Company ).
Consolidation to a Higher Denomination was done by Binani Metals, Rasoi Limited , attempted by Digvijay Finlease ( later withdrawn under Public shareholders' pressure ) and , now, being attempted ( but opposed by shareholders ) of Macrofil Investments Ltd ( a Nusli Wadia Company ).
Macrofil Investments rareindianshares.coLimited ( Nusli Wadia Investment Company )
Macrofil Investments is an Investment Holding Company of Nusli Wadia group ( Bombay Dyeing, Britannia , Bombay Burmah , National Peroxide etc ).
Marofil Investments holds ( on a very small capital base of Rs.44 Lakh ) inter alia one third of National Peroxides' Equity.
In the last one year Market price of shares of National Peroxide has gone up from Rs. 600 to Rs.2000.
Macrofil Investments has , very cleverly , devised a plan to consolidate face value of one share from Rs. 10 to Rs. 5000.
All the Non Promoter shareholders would be evicted.
The rate set is around Rs. 3400 per share. This has been worked out by Valuers appointed and paid by Macrofil Investments.
The realistic rate should be Rs. 10,000 + ( for Rs.10 share ).
file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/EGM%20NoticeMacrofil%20(2).pdf
=========================================================
also , please read
http://www.rareindianshares.info/2017/10/reed-relays-copy-of-nclt-share.html
================
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )
================
HUM MEHNAT KASH ISS DUNIYA SE
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )
Saadda Haq , Ethey Rakh
for more , please click
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