Binani Cement delisted in 2011 at the Exit price of Rs 90 /- =================
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March 20, 2018
Binani Cement Bid- Make Non Promoter Shareholders a Party
We continue to hold on to our shares of Binani Cement.
Our interests should be considered at the the NCLT proceedings. We should be made a Party to the legal proceedings.
Between Dalmia Bharat and Ultratech we support that Company which offers us more ( market value wise ) shares of their own company in lieu of our Binani Cement shares.
Role of so called "INDEPENDENT " Valuers should be honest and impartial . Binani Cement Bid has raised many issues regarding their role.
Binani Cement Undervalued in NCLT Say Promoters
credit / for more please click
for more . please click
Deliberate Undervaluation by Valuers is big and serious issue , also , affecting investors
February 14, 2018
Promoters use clever moves to forcibly eject Public shareholders when ever they feel like i.e. when the Company has excellent future prospects or when it suits the Promoters.
1 ) Selective cancellation of Non Promoters shares.
2 ) Conversion of Equity shares in to Redeemable Preference Shares.
3 ) Consolidation of face value of one share to a Higher Denomination .
In all cases , valuers are appointed and Paid by the Company. Thus they are Promoters' Agents.
FCI OEN Connectors-Compulsory Buyback at Fraction Value
Real Valuation is Rs. 4000 + /- per share .
This anti Public shareholder move needs to be vigorously opposed
We are grateful to Mr. PP Zibi Jose of
for taking up the issue
Please click below for the entire fact sheet letter brilliantly written by Mr. Jose.
Ban All Face Value Consolidations to Higher Denominations
Consolidation to a Higher Denomination was done by Binani Metals, Rasoi Limited , attempted by Digvijay Finlease ( later withdrawn under Public shareholders' pressure ) and , now, being attempted ( but opposed by shareholders ) of Macrofil Investments Ltd ( a Nusli Wadia Company ).
Macrofil Investments is an Investment Holding Company of Nusli Wadia group ( Bombay Dyeing, Britannia , Bombay Burmah , National Peroxide etc ).
Marofil Investments holds ( on a very small capital base of Rs.44 Lakh ) inter alia one third of National Peroxides' Equity.
In the last one year Market price of shares of National Peroxide has gone up from Rs. 600 to Rs.2000.
Macrofil Investments has , very cleverly , devised a plan to consolidate face value of one share from Rs. 10 to Rs. 5000.
All the Non Promoter shareholders would be evicted.
The rate set is around Rs. 3400 per share. This has been worked out by Valuers appointed and paid by Macrofil Investments.
The realistic rate should be Rs. 10,000 + ( for Rs.10 share ).
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )