Yes, I am also now less worried about the recent sale transaction.
Regarding the court activism, did you notice that a new party Tejo Ratna Kongara (CA No. 8/2023) has done a share purchase agreement with Sh. Dhanekula Dharanish, the minority shareholder who has filed cases against the merger. Now Tejo wants to replace Dhanekula in the original case (CA No. 192/2022). Will be interesting to see in the next hearing what is Tejo’s objective. I do have a speculation (which if true will result in a speedier resolution), but since this forum is only for hard facts, I will keep it to myself
Subscribe To Our Free Newsletter |