Monday, May 14, 2018

Complaint against Vedanta and Lenders to PMO

Vedanta and Lenders have marginalized the public shareholders to 2.4% in case of Electrosteel which is undergoing IBC process ....which is against the existing SEBI laws that clearly states that public shareholding cannot be marginalized to less than 25% even by new bidder in a company even if it is under IBC process thus against the same a complaint was put up by myself to Prime Minister's office and very happy to see that the PMO office has taken prompt action and forwarded the same to SEBI for action....Modi ji is power of common people...