Now ,Sulzer India deserves First Prize for the Unique way to throw out Loyal Minority Shareholders THAT TOO WITHOUT GOING THROUGH A HIGH COURT ORDER.
In an alleged EGM ( we received no Notice ) Dt. 21/11/2014 face value of One Equity Share was CONSOLIDATE from Rs. 10 each to Rs. 100000 ( Ten Thousand times ).
Share holders ( all except Promoters ) 9999 or less shares became holders of FRACTIONAL SHARES and were compulsorily paid Rs. 908 /- per shares vide RTA 's letter Dt. 28/02/2015 under the signature of one TRUSTEE named Shrikrishna Korde..
How did this Trustee work out the rate of Rs. 908/- per Share ? When the Discovered Price during Delisting RBB ( Reverse Book Building ) was Rs. 1180 per Share
Who Bought the Shares ?
A thorough Enquiry by SEBI and others is Requested in this Extra Clever / Scandalous TRICK.
General Warning : in Shares Can be Injurious to Your WEALTH
Caution :The blog writer HAD personal/ family members' holdings in this company , so please make suitable "provisions " for likely over optimism
( NB : All information given in . Please recheck all facts. No responsibility taken by this author / blog . )