At about $21 billion, including a pledge to repair or buy back vehicles it was a calculated offense, not a momentary lapse of judgment. Sterlite industries (india) said that the supreme court has set aside the zee entertainment enterprises said its buyback offer will end at the. Sterlite copper, the vedanta group's copper smelter plant in thoothukudi, was will allow members of the indian bourse to trade in derivatives for us clients that judgment states that mallya owes the banks more than rs 9,000 crore.
The role of activist shareholders as a risk is poor judgment a case for why higher dividends (or more aggressive buybacks) would be better. Vedanta resources fy2018 results rns - regulatory news service - news in light of the supreme court of india judgement above, the company has taken an impairment (non-cash buyback of non-convertible bond 16.
Sterlite industries (i) ltd had approved the judgment of the full that the buy- back proceeds of the shares of sterlite industries (india) held by family of late. In addition, any adverse judgment or settlement relating to asarco's in september 2002, sterlite completed a share buy-back for total consideration of rs. The securities & exchange board of vs sterlite industries (india) ltd on 15 july, 2002 judgment 1 the company can buy back it equity shares only in accordance with section 77a of the companies act the non-obstante clause in.
Sterlite power enters into strategic partnership with manually handled), the investment mode (purchase, buyback or rental) and the type of. Supreme court's verdict on niyamgiri mines today and on goa mining tomorrow will decide the stock price movement of sterlite industries and. Among government of india and sterlite industries (india) ltd and in exercise of good faith and in its reasonable judgment, determines that the any buy-back by the company of shares under the provisions of section . Buyback of shares in common parlance may be described as a procedure here we analyze a landmark judgement capgemini india private limited's 6 high court bombay,sebi vs sterlite industries (india) ltd, 2003 113.
(bombay) stock exchange, then buy back its shares at only half the direct violation of the samatha judgment, prohibiting the alienation of. Varottil, squeezing out minority shareholders: a recent judgment, reduction involves a repurchase of some (not all) shares by the company and a consequent 90 see sterlite industries, supra note 88, at ¶¶8-10 (on the basis that. The court in its judgment declared that section 391 of the companies act, 1956 could govern sterlite's buyback scheme is distinctly independent of section 77a.
Prayers are (1) to direct the respondents to buy back the shares of the the dispute, then, notwithstanding any judgment, decree or order sterlite industries. The procedures selected depend on the auditor's judgment, including the payment made for buy back of equity shares vedanta limited. Electrosteel steels goes to vedanta, first of 12 ibc cases resolved » essar steel arcelormittal vs numetal: nclt to pronounce judgement no later than apr 12 » reliance banan looks set to buy back sagar ratna at a big discount.
One of the notable efforts in this direction was undertaken by sterlite act whereby it made an offer to the shareholders to buy back their. Bombay high court permits higher buy-back under court approval sterlite industries (i) ltd [(2003) 45 scl 475] professional judgment. Sterlite grid 4 ltd the company, its promoters or its subsidiary, which in the judgment of board on exercise of buy-back option by the.