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 ;-
Now , the case of compulsory cancellation of Unlisted shares of Reliance Retail at a rate determined by Promoters .
For more , please click ;-
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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 )
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