September 18, 2024
Lotte India to Kick Out Loyal Shareholders at Rs 882/29 p per share
After a Reverse Book Building process the share was delisted w.e.f. 24-07-09. The discovered price was Rs. 540 /-
Shareholders to Oppose this compulsory acquisition at a throwaway price
SEBI must intervene. Laws must be changed to protect the small share holders of Unlisted Companies.
For More, please click
http://www.rareindianshares.info/2024/09/lotte-india-to-kick-out-loyal.html
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Blog Comments
NCLT's Landmark judgement against compulsory acquisition of shares
Please click ;-
https://www.lotteindia.com/pdf/Annual-Reports/Lotte%20Annual%20Report%202024_Final.pdf
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Some shares of Lotte India Corporation are available for Sale / Purchase with Dealers of Rare Indian Shares
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OLD POST
Lotte India Corporation Limited
HISTORY
Originally promoted as Parry Confectionery Limited ( 1914 ) it set up its sweets confectionery factory at Nellikuppam in Cuddalore District of Tamil Nadu.
With India joining WTO and globalization , in 2004 , Murugappa ( EID Parry - Tube Investments) group sold their controlling stake to the renowned South Korean confectionery Multinational "LOTTE " which had been set up by the legendary South Korean entrepreneur Shin Kyuk Ho.Lotte is present in around 70 countries and has a turnover of around $ 1billion
LOTTE INDIA CORPORATION LIMITED
Chairman :Yong Tack Kim
Managing Director : Myung Ki Min
Director : DG Rajan
Registered Office: No. 4 / 111, Mount Poonamallee Road , Manapakkam , Chennai- 600006
After a Reverse Book Building process the share was delisted w.e.f. 24-07-09. The discovered price was Rs. 540 /-
The Promoters ,Lotte Confectionery Co. Limited South Korea came to own 95.88 % of equity.
For the Year ending 31-03-10 ,S ales Rs. 197 Crore , Gross Profit Rs. 10 cr and net profit around Rs. 2 .5 Cr
In the Previous year Sales Rs. 183 cr; Gross Profit Rs. 6.1 Cr ,Net Loss Rs. 2.1 cr
Share Capital : Rs. 3 cr. 77 Lakh ( Now Rs. 9 Cr 56 Lakh )
Reserves Rs. 38 cr 87 Lakh
ZERO DEBT COMPANY
Status : Delisted
No.of Shareholders : around 2785 ( holding 4.12 % of equity shares )
With dominant market share comprising of products like "Lotte Coffy Bite " "Lotte Choco Pie " ,being-part of the renowned Lotte group and a robustly growing Indian market Lotte India Corporation Limited has a very bright future.
http://lotteindia.com/
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