March 21, 2018

Philips India- Compulsory Buy Back @ Rs.560

Philips India Limited has convened an EGM on 10/04/2018 at Kolkata to compulsorily buy out the remaining Non Promoter shareholders @ Rs. 560 /-

This " fair value " has been worked out by Price Waterhouse and Co. LLP

Philips India delisted in 2004.

It , now , has around 37,500 Non Promoter shareholders representing 3:87 % of Equity.


Philips India split in 2016  in to two.

 A new Company , namely  ,Philips Lighting was demerged.

It appears that this Buy back is only of the original Philips India and not of Philips Lighting ( PLEASE RECHECK THIS ) 

For more on Valuers , please click

For more on Compulsory Buy Back


February 14, 2018

Games Promoters Play ( on Minority Public Shareholders ).

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.


If the Company feels that the rate it is offering is " FAIR " then it should , also , be willing to offer to sell its entire majority  holding at that rate .

 The minority share holders ( and other Indian share holders ) should have a Right of Pre emption at that " FAIR " rate. 

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

Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer.


1 comment:

Unknown said...

What happened to the petition filed before company law tribunal for compulsory buy back of minority shares
Any order received