In your interest.
Online Personal Finance Magazine
No beating about the bush.
Essar Steel, the company that has given nothing but grief to shareholders since 1992, has finally been cleared for delisting, despite angry protests by its shareholders. In the run up to delisting, the promoters’ anti-investor actions have seen their shareholding increase from 34% to a massive 87%. This led to a skewed delisting process that ensured a discovered price of a low Rs48, although...