Chembra Peak Consolidation Case- Congrats to Heroes

We wish to congratulate ( among many others )

Mahendra Wadhwani , 

501-506 Business Plaza,

33 Gazdar Bandh Road,

Santacruz (West), Mumbai - 400 054

Mob.: 09820140363 / 9322530308

PP Zibi Jose ( also , a Share Dealer of Unlisted shares )of

Tenrose Capital Services Ltd, Cochin

Tel - 0484- 2401685 ; 2401684 ( m ) 09388603877
    email : tenrosekochi@gm

Dilip Surana ( also , a Share Dealer of Unlisted shares ) of

Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No  044-42371148
Mobile 9840278351      95000 95121
dilipmsurana@gmail.com

 and Many Others.

They have won their case in NCLT, Bengaluru Bench , regarding a Devious Move by Promoters to compulsorily oust Non Promoter share holders at fraction of the true value. Proposed Face value was Rs.60,550 / share ( from existing Rs. 10/ share).

We pray that such Investors are nominated as Independent Directors.

So that Independent Directors are , truly , Independent and not merely Yes Men of Promoters.

God Bless them. 

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Full NCLT Order.

Please click :-

https://nclt.gov.in/sites/default/files/final-orders-pdf/Chembra%20Peak%20Estates%20Ltd.pdf

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OLD POST

March 24, 2018

Rs.60,550/- New Face Value of Chembra Peak Estates share !!!

http://www.rareindianshares.info/2018/03/ca-s-valuers-nclt-professionals-should.html

http://www.rareindianshares.info/2018/04/fortis-valuation-raised-21-questions.html

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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

Tenrose Capital Services Ltd, Cochin

Tel - 0484- 2401685 ; 2401684 ( m ) 09388603877
    email : 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 

February 14, 2018

Games Promoters Play ( on Minority Public Shareholders )

.http://www.rareindianshares.info/2018/02/games-promoters-play-on-minority-public.html

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

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PP Zibi Jose's Very Illuminating Letter

Please click :-

http://www.rareindianshares.info/2018/03/rs60550-new-face-value-of-chembra-peak.html