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Binani Cement Bid- Make Non Promoter Shareholders a Party
Binani Cement delisted in 2011 at the Exit price of Rs 90 /-
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.
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.
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )
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.