September 14, 2016

Digvijay Finlease Shareholders Demand Listing in BSE / NSE



new post

September 06, 2017

Digvijay Finlease Withdraws Share Consolidation -PLEASE RECHECK


We received information from investors of Digvijay Finlease that they phoned the Regd. office at Kolkata and were informed that the Company has dropped its proposal for consolidation of Rs. 10 paid up share to Rs.1000.

We phoned at the Tel No   033-22130957 and talked to KK Thakur.

He confirmed that the Company has applied to NCLT withdrawing its petition .

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Important Blog Disclaimers

1 ) Please RECHECK THIS independently.

2 ) Please do NOT take any Investment Decision based this information.

3 ) No Responsibility with this Blog / Blog Writer
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If the news is really correct , we congratulate share Investors for their activism.  

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September 02, 2017



Digvijay Finlease- Consolidation-Date Extended to 30/09/19 ( PLEASE RECHECK )

We have been receiving unconfirmed Reports ( WHICH PLEASE RECHECK ) that the last date for consolidation of 100 shares  Rs. 10 shares in to 1 share of Rs.1000 has been extended to 30/09/2017


We strongly recommend that all shareholders should form lots ( PER FOLIO ) of 100 shares of Rs. 10 each.


For fractions i.e. 1 to 99 shares of Rs. 10 each shareholders would get only Rs. 200 per share.


This is grossly unfair as the intrinsic value of one share of Rs. 10 has been worked out between Rs.30,000 to Rs. 40,000 per share.

Shareholders of Digvijay Finlease should oppose tooth and nail such anti small shareholder tactics.


including writing to ( as this is an Unlisted Company )

Ministry of Corporate Affairs,
'A' Wing, Shastri Bhawan, Rajendra Prasad Road, New Delhi, Delhi 110001


Shareholders should , also ,demand listing of Digvijay Finlease in NSE / BSE

In case shareholders are not in a position to have lots of 100 / folio then they should sell their fractions ( 1 to 99 ) in the Delisted Market to Dealers ,where they can get around Rs 600 ( please recheck )

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Important : Please Recheck All Facts.

Please do not take any Investment Decision based on above analysis


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Shareholders of Digvijay Finlease are demanding Listing in NSE / BSE and are taking up the issue with the Management and SEBI or payment of a fair price for their shares.

It appears shares of Digvijay Finlease were never Listed

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Shree Cement was originally promoted by Shree Digvijay Cement Co. Limited. 

In 1983, Beawar ( Rajasthan ) Cement Licence was originally given by the Govt. to Shree Digvijay Cement.

Bangurs transferred it to a new Company- Shree Cement ( Name Shree from Shree Digvijay )
.

Shares of Digvijay Finlease were given to shareholders of Shree Digvijay Co.after transferring Shri Digvijay's holding to it of Shree Cement shares.



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Transfer  of Shares Held by Shree Digvijay Cement Limited ( 1997 )

A Scheme of arrangement by Shree Digvijay Cement Limited its four divisions was made between the Shree Digvijay Cement and Gujarat Composite Ltd. The Scheme was completed in 1997-98.GCL has allotted equity shares in GCL capital in the ration of 1 : 3 to the members of the company as per the scheme.

Further the Shree Digvijay Cement Limited has transferred the investment held in shares in other bodies corporate aggregating to Rs. 653.18 lacs to Digvijay Finlease Ltd. (DFL). In consideration DFL has allotted equity shares in DFL capital in the ratio of 1 : 2 to the member of the company. 

Source

http://www.hdfcsec.com/Market/Information.aspx?CoCode=510&RptType=History
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Digvijay Finlease holds a large chunk of Shree Cement ( 12 : o4% ,as per 2002 data , Please Recheck ) ,and 2 ,35 ,539 shares of NBI Industrial Finance( Please Recheck )

CMP of Shree Cement is Rs. 17,000

NAV of NBI Industrial Finance Share ( Rs. 10 paid up ) is being calculated around Rs. 30,000 + per share.. PLEASE RECALCULATE INDEPENDENTLY . NO RESPONSIBILITY 

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Even NBI Industrial Finance ( earlier New Bank of India Limited )   is yet to Relist . It was earlier exclusively listed at the , now defunct Delhi Stock Exchange

Shareholders of NBI Industrial Finance complaint is that in the Unlisted market they are getting around Rs.2000 for a share with intrinsic worth of around  Rs. 30,000 + ( PLEASE RECHECK THIS - NO RESPONSIBILITY ) 

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For more on Digvijay Finlease , please click :-

http://www.rareindianshares.info/2015/06/digvijay-finlease-limited-great-hidden.html

For more on NBI Indusrial Finance , please click :-

http://www.rareindianshares.info/2016/09/nbi-industrial-finance-annual-report.html

NBI Industrial , also , holds 2,82,551 shares of Digvijay Finlease

http://www.rareindianshares.info/search?q=new+bank+of+india

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Digvijay Finlease , NBI Industrial Finance and other Unlisted Promoters' Holding Companies should follow the examples of

1 ) Max India Promoters are paying a fair price of Rs.94 for every share ( Re. 1 paid up ) of their Unlisted Holding Company - Cheminvest Limited.

http://www.rareindianshares.info/2016/06/unlisted-max-india-promoter-companies.html

2 ) Reliance Industries Promoters gave 1 share of Reliance Industries for every 1 share of their Unlisted Holding Company - Farm Enterprises Limited ( earlier  Reliance Enterprises ) 

http://www.rareindianshares.info/2015/12/farm-enterprises-shareholders-get-new.html

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Please , also , click :-

http://www.rareindianshares.info/2010/12/asset-laden-investment-companies.html
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March 22, 2017


Digvijay Finlease- Consolidation of Shares-to Rs.1000



Digvijay Finlease ( Unlisted ) is consolidating the Face Value of its share from Rs. 10 paid to Rs.1000.

100 shares of Rs. 10 = One share of Rs. 1000

All those share holders with Fractions would be paid @ Rs.200 for Rs. 10 share
.
EGM Resolution . Click + To Enlarge


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This is a highly anti Non Promoter / Small Shareholder move which should be opposed by all Investors at every forum including Courts, SEBI, Investors Associations .

Digvijay Finlease is an Asset Laden Holding Company of Beni Gopal Bangur Group . It holds Promoters ' shares in Shree Cement , NBI Industrial Finance etc.


http://www.rareindianshares.info/2015/06/digvijay-finlease-limited-great-hidden.html

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Shree Cement was originally promoted by Shree Digvijay Cement Co. Limited. 

Shares of Digvijay Finlease were given to shareholders of Shree Digvijay Co.after transferring Shri Digvijay's holding to it of Shree Cement shares.

Digvijay Finlease 's NAV has been calculated , by some to be above Rss.25,000 / Rs. 10 share ( PLEASE RECALCULATE INDEPENDENTLY ) 
Digvijay Finlease 's fellow Holding Company NBI Industrial Finance has ,  recently , Relisted at NSE and its CMP is Rs.4500.


It is very sad that when Sheholders of Digvijay Finlease were demanding Listing in NSE / BSE , Promoters have chosen this cheap tactic to deprive small shareholders of their shares at a minuscule fraction of the True Worth ( NAV )
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PLEASE RECHECK All Information Before Taking Any Investment Decision.


HUM MEHNAT KASH ISS DUNIYA SE
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY


( Josh Malihabadi )

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

Caution :The blog writer has personal/ family members' holdings in NBI Industrial Finance, so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )


7 comments:

Vishal Sorathiya said...

We are selling equity shares of :
Digvijay Finlease Ltd
NBI Industrial Finance Ltd
Resins & Plastics Ltd
Syngenta India Ltd


We are Buying in :
Galaxy Surfactants Ltd
Tamilnad Mercantile Bank Ltd


Kindly Contact Vishal 097260 56080

Megha said...

Great Post.

Indian Stock Market

Ashwani Kumar Aggarwal said...

Thanks Megha

Jayant Bhatt HUF said...

We have 25 shares of Digvijay Finlease and received a request with a cheque to sell at Rs. 100/-. It seems this is bogus.

What to do? How to register complain about illegal consolidation of shares?

Ashwani Kumar Aggarwal said...

Please do not sell @ Rs.100. NAV is many many times more. Let us oppose it with SEBI, / Govt/ Courts.

Will Promoters Sell their Shares to us @ Rs.200.

This is sheer loot and must be opposed.

Unknown said...

In 1998 dfl Capital was around 4cr and at present 11.44cr
And capital is raised on preferential base/rights and they have not alloted any additional share to the share holder
Only promoters share holding has risen
Because of this general public share holder is in minority and promoters stake is risen
The change in capital from 4cr to 11.44cr they have not shown in balance sheet.

Unknown said...

Ya the capital has increased without allotment of shares to all shareholders , also there can be no compulsion to sell shares even if fractional , also digvijay cement was a listed company and demerged undertaking must also be listed since investors had not invested in unlisted company to start with