September 15, 2021

Fresenius Kabi Oncology - Dabur Pharma - Remaining Non Promoters' Shares Compulsorily Acquired ,- Shareholders Unhappy - Message Received

Message Received

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Sir 

I was allotted the Fresenius kabi oncology ltds hare in 1994 original Dabur ltd later 2003 pharma unit DEMERGE and 500 Dabur Pharma and 2008 name changed by acquiring Fresenius kabi oncology ltd and in 2013 delisting of Rs.130-140 price share and in 2020 my share cancelled mere 29200 and also taxable in our hands being paid dividend.The company is cheating this minority share holder having 97.03% shares with them. 

Our tax liability is only capital gain but co shown in dividend.  

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OLD POST

December 06, 2019

Fresenius Kabi Throws Out Non Promoter Shareholders

Reduction of Share Capital: During the period under review pursuant to the provisions of Section 66 of the Companies Act, 2013 read with the National Company Law Tribunal (Procedure for Reduction of Share Capital) Rules, 2016, Company had approved the reduction of share capital from 17,02,47,857 shares to 16,52,32,882 shares, by extinguishing 50,14,975 shares represented by the public shareholders, by passing the necessary resolutions on October 12, 2018 by the Audit Committee and the Board of Directors respectively. Thereafter, Company had issued a postal ballot notice seeking approval of the shareholders of the Company for passing of special resolution for the aforesaid Capital reduction of equity shares held by the public shareholders and the said special resolution was passed by the shareholders on November 22, 2018. Subsequently, an application was filed by the Company with the National Company Law Tribunal (“NCLT”), seeking approval for reduction of share capital held by the public shareholders. As on the date of this report, the application is still under consideration with NCLT.

Rate being given to Non Promoter shareholders - Rs.48 / 50 p / Share ( Please Recheck )

Source : Annual Report 2018-19 - For which full copy please click the following link :-

http://www.fresenius-kabi-oncology.com/pdf/AnnualReport_2018-19.pdf

Fresenius Kabi ( Dabur Pharma ) delisted in 2013 @ Rs.135/- per share in 2013.

https://economictimes.indiatimes.com/markets/stocks/news/mnc-drugmaker-fresenius-kabi-pays-up-investors-in-a-rush-to-complete-delisting/articleshow/26025950.cms?from=mdr

Now , only Rs. 48 / 50 p per share

Please RECHECK ALL INFORMATION.

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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. 

For example if FCI OEN Connectors Limited feels that Rs.767 is a " fair rate " then Indian shareholders in general should be given an opportunity to form a SPV ( Special Purpose Vehicle ) Company which ( with suitable debt equity Leveraged Buy out ) and buy  at the same rate  the majority shares from the Promoters. 

A period of 6 months should be kept for giving this opportunity to Non Promoter Indian shareholders

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

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We are grateful to Mr. PP Zibi Jose of 


Tenrose Capital Services Ltd, Cochin
Tel - 0484- 2401685 ; 2401684 ( m ) 09388603877    email : tenrosekochi@gmail.com

  for taking up the issue

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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 ).

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 
 
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also , please read


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Share Activism is a step in the Right Direction. There is , always , a threat of oppression by the Majority shareholders ( Promoters )on Minority ( Public ) shareholders.

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old posts

October 13, 2017



Minority Shareholders' Activism- Zindabad- Fight Against Oppression



please click


https://www.bloombergquint.com/business/2017/10/12/billionaires-taken-to-task-by-rise-of-india-s-minority-investors



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Blog's old posts

Till date, the most powerful tool in the hands of minority shareholders has been bringing a suit for oppression and 

mismanagement, said Suhail Nathani, managing partner, Economic Law Practice. "Under the 2013 Companies Act, 

Section 245, over 100 shareholders can also file a class action suit but its application and enforcement is still nascent," 
he said. 
Read more at:

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old posts


December 08, 2010




Asset Laden Holding / Investment Companies- Promoters Uninterested in True Value Unlocking

Promoters initially  invite public investment by selling shares in their holding companies . These holding companies promote new companies  Over a period of time their promoted  ventures succeed and the original investment made by the holding company multiplies many times over in value .

 Now , instead of genuinely sharing the wealth with all the stakeholders  , non promoter minority share holders of original holding companies are  treated by Promoters  as UNWANTED , like poor relatives at a rich cousin's marriage party.

for more , please click

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September 05, 2017


Justice Demanded by Small Investors From Asset Laden Investment Holding Companies - ET Link

please click the link



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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

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General Warning : Investment in Shares Can be Injurious to Your  WEALTH 

Caution :The blog writer has personal/ family members' holdings in this company , so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog 


The Valuers etc are all engaged by the Managements and cannot be considered as Unbiased or totally Fair. Affected shareholders should be allowed to have their own valuers / Valuation Report
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SEBI must intervene. Laws must be changed to protect the small share holders of Unlisted Companies.

Blog Disclaimer : Please Recheck  All Information . All information given in Good Faith. No Responsibility . 


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