Ask Reliance Retail to compensate Small-shareholder's shares for unfairly cancelling
The Issue
Reliance Retail Ltd. has forefully taken over shares of Indian Resident shareholders, at dirt cheap price.
As corporate They will be throwing a amount 60% less than the last open- fair market price.
Company is generating huge profit and don't want to share the profit with small scale investors and making farse of a staged voting for compulsory takeover & cancellation of Resident Indian shareholder's minority shares.
This is extremly unfair and it has to be stopped.
Just because Majority Shareholders could pass any resolution in scandelous Board meetings because of their majority stock, that doesn't mean minority shareholder's holding could be cancelled at dirt cheap price, using price manipulation tactics by Reliance Retail majority holders.
IT HAS TO BE STOPPED.
The Issue
Reliance Retail Ltd. has forefully taken over shares of Indian Resident shareholders, at dirt cheap price.
As corporate They will be throwing a amount 60% less than the last open- fair market price.
Company is generating huge profit and don't want to share the profit with small scale investors and making farse of a staged voting for compulsory takeover & cancellation of Resident Indian shareholder's minority shares.
This is extremly unfair and it has to be stopped.
Just because Majority Shareholders could pass any resolution in scandelous Board meetings because of their majority stock, that doesn't mean minority shareholder's holding could be cancelled at dirt cheap price, using price manipulation tactics by Reliance Retail majority holders.
IT HAS TO BE STOPPED.
The Decision Makers
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Petition created on 31 July 2023