Court directs Cadbury India to pay minority investors 50% more than original offer for share buyback
The Bombay High Court has directed chocolate maker Cadbury India (now called Mondelez India Foods) to pay Rs 2,014.5 per share, or 50% more than the original offer, to buy back shares from its minority shareholders. "The valuation of Rs 2,014.50 per fully paid-up equity share arrived at by the court-appointed valuer E&Y in its second (supplementary) report dated 29th July 2011 is accepted," Justice GS Patel said in his order.
The order came on an application filed by Cad ..
The order came on an application filed by Cad ..
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