After receiving approval from The Hon'ble Bombay High Court , Rhodia Speciality has cancelled the shares of Non Promoters ( total 55,681 shares and paid them @ Rs.1200 Per Share , in June , 2016 .
Now , entire holding of Rhodia Speciality Chemicals is with Promoters
Rhodia Specialty Chemicals India Limited ( earlier named Albright And Wilson Chemicals India Limied , earlier incorporated in 1965 as Albright Morarji And Pandit Limited ( of Dharamsi Morarji Chemical Company -DMCC Group )
The Valuers etc are all engaged by the Managements and cannot be considered as Unbiased or totally Fair. Affected shareholders should be allowed to have their own valuers / Valuation Reports.
Rhodia Specialty Chemicals - Big Expansion
Belgian Promoters Solvay have great plans for Rhodia . They are making it a Global production base for its Novecare products .
Please study the links :-
NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer