It is following the cheap trick of consolidating the face value from Rs. 10 to Rs.5000 to dump Unwanted investors.
Then only the Promotes would remain and Non Promoters' forced fractions would be compulsorily bought at a very low rate.
October 08, 2017
Macrofil Investments - Fair Valuation Rs.10,000/- Demanded by Shareholders
Public shareholders want a price of Rs. 10,000 ( for Rs. 10 paid up share ) as the market value of shares National Peroxide ( one third equity is with Macrofil Investments ) more than tripled in the last one year.
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October 04, 2017
Macrofil Case Latest- Govt Must Ban All Share Consolidations to Higher Denominations
March 22, 2017
Share Face Value Consolidation to Higher Value should be Banned
This Cheap / Anti Small Holder Tactic was earlier used by
Recently , by Rasoi Limited
Now , by Digvijay Finlease ( Unlisted )