There's a mini battle brewing at Bharti Telecom, the holding company of telecom major Bharti Airtel. Its plan to "extinguish”the shares of nearly 5,000 small shareholders has drawn the latter's ire.In a relatively rare corporate manoeuvre, the privately held Gurugram-based company has issued a notice for postal ballot/e-voting, open till the end of this month, seeking shareholder approval
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capital reduction to provide an exit opportunity to small shareholders following several requests from them.Holding on to shares that are perceived valuable against odds is perceived as a virtue among small investors. This development will make them question whether staying invested for the very long term, especially defying the larger plans of a promoter-dominated company, is a wise idea.
There's a mini battle brewing at Bharti Telecom, the holding company of telecom major Bharti Airtel. Its plan to "extinguish”the shares of nearly 5,000 small shareholders has drawn the latter's ire.In a relatively rare corporate manoeuvre, the privately held Gurugram-based company has issued a notice for postal ballot/e-voting, open till the end of this month, seeking shareholder approval
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Insight-rich storytelling you won't find elsewhere by the finest team of business writers
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capital reduction to provide an exit opportunity to small shareholders following several requests from them.Holding on to shares that are perceived valuable against odds is perceived as a virtue among small investors. This development will make them question whether staying invested for the very long term, especially defying the larger plans of a promoter-dominated company, is a wise idea.