It appears some shares of Reliance Retail are available, for Sale / Purchase with Dealers of Rare Indian Shares (Please Recheck this )
anuary 02, 2020
Reliance Retail Shareholders May Challenge Compulsory Swap in EGM/NCLT
EGM on 23/01/2020 ( Please Recheck )
Aggrieved Investors feel that if the Management is really worried about providing an Exit option to Reliance Retail shareholders then it should make the Swap Exercise Optional and Not Compulsory.
Let the shareholders of Reliance Retail decide themselves whether they want a swap with RIL shares or wish to sell their shares in the Unlisted market.
December 26, 2019
It seems to be a Compulsory Reduction of Share Capital- Please Refer to Page 1,Para 6
Please , also ,refer to Page 3 Para 4 -It appears that this conversion is compulsory . ( Please Recheck this Independently , also ,and Please take No Investment Decision based on our Comments )
Some Non Reliance Employee Shareholders , who are aggrieved by this move are talking about challenging it in the NCLT, Mumbai. ( Please Recheck this )
Blog Disclaimer : Please Recheck All Informations Independently.
No Responsibility for its accuracy
December 26, 2019
Please click :-
Reliance Retail shares ( Unlisted ) tumble after this offer :-
Please click :-
July 02, 2019
Reliance Retail ( Unlisted ) Shares Active in Delisted Market
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.
FCI OEN Connectors-Compulsory Buyback at Fraction Value
Real Valuation is Rs. 4000 + /- per share .
This anti Public shareholder move needs to be vigorously opposed
We are grateful to Mr. PP Zibi Jose of
for taking up the issue
Please click below for the entire fact sheet letter brilliantly written by Mr. Jose.
Ban All Face Value Consolidations to Higher Denominations
Consolidation to a Higher Denomination was done by Binani Metals, Rasoi Limited , attempted by Digvijay Finlease ( later withdrawn under Public shareholders' pressure ) and , now, being attempted ( but opposed by shareholders ) of Macrofil Investments Ltd ( a Nusli Wadia Company ).
Macrofil Investments is an Investment Holding Company of Nusli Wadia group ( Bombay Dyeing, Britannia , Bombay Burmah , National Peroxide etc ).
Marofil Investments holds ( on a very small capital base of Rs.44 Lakh ) inter alia one third of National Peroxides' Equity.
In the last one year Market price of shares of National Peroxide has gone up from Rs. 600 to Rs.2000.
Macrofil Investments has , very cleverly , devised a plan to consolidate face value of one share from Rs. 10 to Rs. 5000.
All the Non Promoter shareholders would be evicted.
The rate set is around Rs. 3400 per share. This has been worked out by Valuers appointed and paid by Macrofil Investments.
The realistic rate should be Rs. 10,000 + ( for Rs.10 share ).
Share Activism is a step in the Right Direction. There is , always , a threat of oppression by the Majority shareholders ( Promoters )on Minority ( Public ) shareholders.
October 13, 2017
Blog's old posts
Till date, the most powerful tool in the hands of minority shareholders has been bringing a suit for oppression and
mismanagement, said Suhail Nathani, managing partner, Economic Law Practice. "Under the 2013 Companies Act,
Section 245, over 100 shareholders can also file a class action suit but its application and enforcement is still nascent,"
December 08, 2010
Asset Laden Holding / Investment Companies- Promoters Uninterested in True Value Unlocking
Now , instead of genuinely sharing the wealth with all the stakeholders , non promoter minority share holders of original holding companies are treated by Promoters as UNWANTED , like poor relatives at a rich cousin's marriage party.
September 05, 2017
Justice Demanded by Small Investors From Asset Laden Investment Holding Companies - ET Link
please click the link
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )