Regarding Compulsory Cancellation of Shares Moves by
Cadbury India Limited
Shakti Met-Dor Limited ((Indian subsidiary of German MNC giant Hormann Beteilgungs Gmbh )
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Cadbury India Limited
Shakti Met-Dor Limited ((Indian subsidiary of German MNC giant Hormann Beteilgungs Gmbh )
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The Majority cannot dictate to the Minority to compulsorily sell their Shares and that too at rates set by Majority Appointed Valuers / C A s.
This is what was done by Cadbury India and , now , being done by Shakti Met -Dor (subsidiary of German giant Hormann Beteilgungs Gmbh )
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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2 comments:
Ashwani Agarwal Speaks like Arvind Kejriwal
Hit and Run have u ever taken a company to court
We remember an incident in late 1970 s ( when I was a student in Delhi ) , there was a famous case of a Listed Company where there was allegation of Mismanagement .
Govt. has power to appoint Independent Directors , ostensibly , to safeguard the Interests of Minority ( Public Share Holders ).
Some prominent persons gave Bags of Money to get appointed as Directors.
( High denomination notes had been demonetised ( Rs. 100 , then ,Highest Value ) so ." the Public Interest Directors "had a bit of challenge carting ) .
This was because these Persons knew that in the godowns of the Company were lying large quantities of a chemical which at that time was in acute short supply.
The Directors had calculated that they would recover their " investment " by selling this product in Black
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