Reliance Retail Compulsory Cancellation of Minority Shares- Shareholders Very Angry - Form Whatsapp Group For Unified Action

 Please click ;-

https://www.livemint.com/market/stock-market-news/lost-60-per-cent-overnight-investors-vent-anger-after-reliance-retail-approves-share-capital-reduction-mukesh-ambani-11688780461072.html

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Blog Comments

Compulsory Buyback - Bad in Law - Are Anti Public Shareholders - Reed Relays Latest

OPPOSE  COMPULSORY BUY BACK OF SHARES

Delisting may be OK .

 But forced cancellation of Minority shares is not done even in Capitalism

Capitalism means Demand and Supply.

If the Majority wants the Minority 's shares then , to Quote from Mario Puzo 's Godfather " " They should make an offer we cannot refuse "

. Let them approach us and buy at a mutually agreeable price but not at a Dictated Price.

Free will transactions are the essence of Capitalism

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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 Cadbury India Limited feels that Rs.2000 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  

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OLD POST of 2011 regarding Cadbury - Post For INFORMATIONAL PURPOSE ONLY 

 

anuary 24, 2011

Cadbury - " Quit India "

Indian investors are World 's Best .
( China is more of hype  China is hidden behind a " bamboo curtain " whereas India is transparent . China does not hold census and thus all economic stats like Per Capita Income etc. are glorified speculations )

It is a matter of great pride for us Indians that East India Company , the joint stock company which once  ruled India and other parts of Asia and Africa , is now owned by an Indian .

http://www.deccanherald.com/content/52595/an-indian-now-owns-east.html

If East India Company can be owned by Indians so can be Cadbury India Limited.

Indians can buy out Kraft Foods 's shares at the " FAIR " value being worked out by Cadbury itself.
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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 Cadbury India Limited feels that Rs.2000 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

However , we  sincerely wish that Cadbury India Limited offers its remaining loyal share holders " Kuchh Meetha " and in New Year 's " Shubh Arambh " withdraws this move

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http://www.suchetadalal.com/?id=175202d7-a5ce-be2f-492fe1477460&base=sub_sections_content&f&t=Essar%27s+Delisted+Saga

http://seekingalpha.com/news-article/1520805-cadbury-kraft-india-one-of-fastest-growing-operations-for-kraft-globally

http://rareindianshares.blogspot.com/2011/01/cadbury-india-limited.html

http://www.rareindianshares.info/2011/09/cadbury-india-limited-annual-report.html

http://www.rareindianshares.info/2012/03/cadbury-india-doing-vewry-well-link-to.html

http://altaisadvisors.com/blog/2012/07/08/cadbury-india/comment-page-1/#comment-1517

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http://www.moneycontrol.com/news/business/why-didn39t-you-give-fin-projections-to-ey-hc-asks-cadbury_562074.html

http://www.gauravblog.com/?p=1277

http://www.kraftfoodscompany.com/in/en/Brands/index.aspx


There are around 8,159 remaining non promoter shareholders who together own 2.42% stake in Cadbury India.

http://www.rareindianshares.info/2012/11/cadbury-india-faces-tax-evasion.html

http://www.rareindianshares.info/2012/11/cadbury-india-or-mondelez-international.html
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http://www.rareindianshares.info/2013/02/cadbury-india-excellent-prospects.html

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http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/small-equity-investor-how-to-safeguard-your-interests/articleshow/21742266.cms?curpg=3

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 NEW POST

July 12, 2023

Reliance Retail shares Compulsory Cancellation , Deja Vu --Farm Enterprises 's Case

Earlier , Unlisted Equity shares of Reliance Enterprises were converted  into Unlisted Optionally Convertible Preference shares of Farm Enterprises ltd. 

Most of the shareholders could not exercise their Right to convert their Preference shares of Farm Enterprises into its Equity shares.

The big question is ; Who was allotted the lapsed Equity Rights and at what rate ?   

For more , please click ;-

 http://www.rareindianshares.info/search?q=farm+enterprises+  

Now , the case of compulsory cancellation of  Unlisted shares of Reliance Retail at a rate determined by Promoters .

 For more , please click ;-

http://www.rareindianshares.info/2023/07/reliance-retail-public-shares-find.html 

 Blog  Disclaimer 
PLEASE RECHECK ALL FACTS INDEPENDENTLY ALSO. 

  .PLEASE DO A FURTHER SELF STUDY

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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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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

 

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

Disclosure : The Blog writer in his / family names has  holdings in this Company. So please make suitable " provisions " for any vested interest.

NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this blog / blog writer.