Compulsory Back Back of Shares- Violates Fundamental Right to Equality

Such a move creates two separate and unequal classes of Shareholders , i.e. Promoter Share Holders and Non Promoter Share Holders .

---------------------------

Regarding the move , earlier of Cadbury India Limited , others and , now , by Piramal Glass :-

-----------

This is a very dangerous trend and Investors must unite and fight against these compulsory selective.extinguishing of Non Promoters ' shares .

Only those companies whose Promoters feel that future prospects are very bright go in for compulsory buy back.

No company with a dark future goes in for Buy Back.Then they let the shares remain with Non Promoters.

===================

Investment in shares is like the playing cards game of Flash " Teen Patti " . Promoters have seen their cards. Non Promoter / Public Shareholders are Playing "BLIND "

-----------

Acquisition rates are arbitrary as so called valuers are partial and do only the bidding of the Promoters.

-----------

If the Majority wants the Minority 's shares then , to Quote from Mario Puzo 's Godfather "

" They should make an offer we cannot refuse "

. Let them approach us and buy at a mutually agreeable price but not at a Dictated Price.