January 23, 2019

Fulford India - To Oust Loyal Remainder Share Holders ??

Pharma Multinational Company Fulford India intends to compulsorily eject the remainder 1655 loyal small Non Promoter shareholders holding 3 : 44% Equity by Selective Reduction of Capital ( selective cancellation of shares- EGM and NCLT route )


Promoter Dashtag , currently ,holds 96 : 56 % ) 

Fulford India Delisted in 2015 @ Rs. 2400 / Share


Now , in compulsory acquisition price offered is Rs. 843 / ( One Third  of the Delisting Price that too after 4 years ).

EGM for this on 18/02/2019, 11 AM at Mumbai.


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OLD POSt

October 14,ST 2016

Fulford India Delisting Exit Offer Extended Till 06/11/16 @ 2400/ Share

July 20, 2015

Fulford India Delisted in July 2015 @ Discovered Price Rs. 2400


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Exit Offer @ Rs.2400 /- which was to end on 06/08/2016 has been extended to 06/11/216 @ Rs.2400 / share,  the same rate.

Residual shareholders may contact :-

                                                                                                                                 
RTA : Link Intime India P Ltd , Mumbai  Tel : 022-6171 5400

Fulford India Limited  Tel 022-6789 2209 , email : micompliance@merck.com   

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General Warning : Investment in shares can be injurious to your WEALTH.

Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .
( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer ) 

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BLOG COMMENTS

The Valuers etc are all engaged by the Managements and cannot be considered as Unbiased or totally Fair. Affected shareholders should be allowed to have their own valuers / Valuation Reports. 

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SEBI must intervene. Laws must be changed to protect the small share holders of Unlisted Companies.



http://www.financialexpress.com/article/markets/indian-markets/companies-shareholders-must-find-common-ground-on-exit-strategies/133280/ 



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Blog Disclaimer : Please Recheck  All Information . All information given in Good Faith. No Responsibility . 

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For further case studies  vis - a - vis small shareholders , please consider the following links :-




 http://www.business-standard.com/india/news/cadbury-raises-buyback-price/421719/

 http://www.moneycontrol.com/news/business/why-didn39t-you-give-fin-projections-to-ey-hc-asks-cadbury_562074.html








LINK


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