misty said:
with due respect to u hemant just check the indian corporate law before posting.first never r 70% shares of particular company can b picked frm open mkt.if u want to pick up 70% u have to come up with open offer.u have to give intimations to sebiand other related agencies.so please check bfore posting in these forums.its another thing giving an idea.pls dont justify with these kind of reasons.anyway sorry if this is correct which i think only has .00000001%chance
My post was not to emphasize on the way the shares has been acquired. Infact I was stressing on the 70% shares being acquired , thereby change of ownership and thereafter amalgamation of Williamson Assam Tea company with Mcleod Russel and 3 Mcleod : 1 Williamson.
Thanking you.