Lotte India 2023-2024-Annual Report

 

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

 Blog   Comments
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

ISIN :  INE 185A01011

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/

 

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

Disclosure : The Blog writer in his / family names has holdings in Lotte India. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking any investment decision.