Details of the 3rd Feb proceedings can be found here
Summary:
- As expected cases related to Dharanish have been disposed of as he has sold the shares to Tejo.
- Now Tejo is the new player, do not know how hard s/he is going to play
- BSE case has also been disposed of as BSE is fine with the response
- IT dept is still an active player.
- The evaluator who came up with the swap ratio based on the valuation of assets & liabilities of the merging parties has been directed to be present in the next hearing and explain his position, taking into account the allegations of overvaluation made by IT dept
Please note, the above summary is based on my understanding of the Order details. I may have misunderstood the Legal language, so please correct me if you know better.
Thanks.
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