The rights issue was issued @ Rs 10 per share and non participation by passive investors should not be attributed to promoters as they have sufficiently published the Rights issue info in Business newspapers and sent to all individuals thru Emails.You are making a sweeping statement that Rights issue at cheaper prices should not be allowed , which by no stretch of imagination can be construed as NOT monority shareholders friendly.
Your analysis vis-a-vis mining licence changes is timely to let us know about the current position of Sandur.
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