Saturday, 19 July 2014

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 .. 


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