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.
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
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.
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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.
Digvijay Finlease 's NAV has been calculated , by some to be above Rss.25,000 / Rs. 10 share ( PLEASE RECALCULATE INDEPENDENTLY/ No Responsibility )
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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Consolidation of Face Value to a Higher Denomination SHOULD NOT BE ALLOWED UNDER ANY CIRCUMSTANCE.
This Cheap / Anti Small Holder Tactic was earlier used by
Recently , by Rasoi
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )
Blog Caution : PLEASE RECHECK All Information Before Taking Any Investment Decision.