Hello Everyone,
I have a quick question for you. Let me know if this is practical.
The conversion ratio of 7 ordinary share for every 10 DVR is clearly not in the best interest of DVR holders and at a significant discount to origal issue price(which was at a discount of 10% from the then ordianry share price).
Is there a way the DVR share holders can raise protest against the current conversion ratio and get a better deal?
I believe the non-promoter, non-institutional share holders are a really small minority and voting against the motion will not have any impact on the overall results.
AJ
Disclosure: Remain invested.
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