June 21, 2019

Bharat Nidhi- Strange Moves

On the one hand , Bharat Nidhi is Buying Back a very small number of 21,791 shares citing the reason that the Company cannot use more than Rs. 24 crore for this purpose . ( 25% of Share Capital + Free Reserves ).



On the other hand , Bharat Nidhi is willing to invest upto Rs. 150 crore to increase its stake in group Company Ashoka Marketing Limited 

Pages 10 and 11 of :-


also , on Page 7 ( Explanatory Statement Bharat Nidhi states :-

The Company does not meet minimum listing criteria for listing on nationwide stock exchange(s) and also the Company does not have any promoter.

Bharat Nidhi can give a Bonus / seek listing under SME platform.

The Promoters of Bharat Nidhi  are well known.


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