0037-2011 V.T. Somasundaram and Another vs Madras Stock Exchange Limited and Another
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Full text
(a) ……………. (b) ……………. (c) the promoter writes individually to all public shareholders in the company informing them of his intention to get the equity shares delisted, indicating the exit price together with the justification therefor and seeking their consent for the proposal for delisting; (d) at least ninety per cent. of such public shareholders give their positive consent in writing to the proposal for delisting, and have consented either to sell their equity shares at the price offered by the promoter or to remain holders of the equity shares even if they are delisted; (e) ……
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Appeal No. 37 of 2011 Date of Decision : 4.11.2011 1. V.T. Somasundaram No.25, Vasantha Avenue, MRC Nagar, R A Puram, Chennai – 600 028. 2. M/s. Trichy Distilleries and Chemicals Limited “Mahalakshmi Mansion”, First Floor, No.14, First Main Road, Gandhi Nagar, Adyar, Chennai – 600 020.
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Source: SecMarx — 0037-2011 V.T. Somasundaram and Another vs Madras Stock Exchange Limited and Another. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.