How Vedanta’s Opportunistic Delisting Attempt Is Part of a Pattern
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- Опубліковано 18 вер 2024
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It saddens me that such great content is missing out on it's fair share of views. Thankyou for taking time to do this for the good of people.
This is the first video on Internet which is ACTUALLY talking about what Vedanta is doing. Most of the business news channels are paid to keep their mouth shut. Thank you mam!
You are great ma'am, it is so very hard to see people like you, keep doing the good work.
You are bringing out very important issues concerning the doings of some of these corporates in the market. SEBI needs to be pushed to take strong action. Always great to listen.
Even in Sterlite Anil Aggarwal did the same 15 years back, cheating share holders disgraceful
Do not surrender the shares eventually you will get 7 to 8 times, he will send you a cheque, if you deposit by default you have surrendered your shares.
Very good presentation in the interest of minority share holders.
Talking the truth..great thanks for bringing in public domain..
There is Joke in the markets “ when Mr Agarwal makes a deal the only person who wins is Mr Agarwal and minority shareholders always lose”
Thanks Mam... to talk on behald of retail investors .🙏 as you said lets see what regulator does.
United Breweries is also planning to delist. SEBI should not give permission. All share holders should protest and get the delisting provisions removed.
It is whether betrayal from vedanta according to share holders after company developed with share holders capital investments.or not?
SEBI never does anything for small investors
hats off to ppl like her who have the guts to expose such scammers / businessmen.. I have shares with Vedanta and feel cheated with this whole delisting they are doing.. Such corrupt businessmen should be punished severely
logical & Convincing presentation.
Atleast someone speaks the truth 👍
You have always been admired& repected analyst focused on good for common man ..minority investors . Listening you was rewarding & reassuring that our investment will be protected !
Thank you very much for talking on behalf of minority shareholders. The same thing happened recently as Polaris Software company has delisted and paid by fixing much below value to the minority shareholders by automatically debiting their Demat account and crediting bank account. Now Standard Chartered Bank is doing the same and all our regulators are giving consent for the same by supporting such things.
U address and gave voice to people’s grievances. Kudos. This practice of taking advantage of minority investors should stop
Madam u really an eyeopener and expose these Corporate Docait
Thanks a lot for the wonderful journalism mam. Ethics and values are the important things for MNCs too.
Hindustan zinc is partly owned by government of India. Similarly crude oil is valuable for our long term national interest. How do Goi all dividend money to go abroad to parents in London?
Vedanta's Anil Agrawal though a Billionaire industrialist is a Miser at heart.
Because he is marwari and kanjoosi is in their blood
@@Anoxe100 don't be castist.
No problem if he is miser.
It is so easy to typecast and put blame..creating hatred...shame
@@Anoxe100 hahaha 😂😂
Then you must be someone who sells iddli vaada
Nice to see few media people presenting facts as it is🙏
Marvelous work.It has really given me a in depth knowledge about the whole gamut of delisting vedanta 👌
We are very proud of you Mam!!
Genius ! Sebi and government needs to stand with minority shareholders rights.
Thank you for posting....these news bites are important and keep investors informed.
Thanks Suchita ji.. 🌹🌹
A Great piece of advice. Yes , it has the merit to draw the attention of the Government !
I had to sell my shareholding in Cairn India at depressed prices because of low oil prices in 2016 bcoz I didnt wanted merger with Vedanta. He is a total scoundrel. With corrupt politicians on their side he will again get away with his plan which is always to rob minority shareholders.
Good info and journalist with responsibility.
Thank u for the information and for the lovely video I have 1650 shares at 180 hope the company does not get delisted as am a trader and this money is very important to me fingers crossed God bless u mam
Very good coverage, you are doing a great service,God bless you
Look. Just 1251 view. But 141 Likes. More than 10% of viewers clicked 'Like'. This shows the sentiments on how mad minority shareholders are.
I agree with you that Vedanta is giving short shrift to minority shareholders in this deal.
But I find it ironical that minority shareholders are okay with earning money through clearly illegal practices and even human rights violations, but when they are at the receiving end, we cry foul and say the small guy is getting a raw deal.
Vedanta would not make the cut in any ethical portfolio. I know that this is a broad definition and it's impossible to find a company that's 100% ethical. But Vedanta is clearly at the extreme end, based on all the public information that is out there about it.
Shareholders in Vedanta cannot feign ignorance of its dubious business practices, and more seriously of its deliberate human rights track record. If they are okay with earning money from these practices, then why should they be defended when it comes to their own financial protection?
This apart, I'm a big admirer of Ms Dalal since the 1992 scam days, probably the finest financial investigative journalist in India today.
Excellent expose of Vedanta's designs. Now it is for minority shareholders to remain united and reject delisting offer every time it is made. Unfortunately, India does not have activist investors like Carl Icahn to pressurise and thwart such actions by listed companies.
Amen. We need these corporate raiders and activist investors to start attacking toxic assets. Figures like Carl Ichan are paramount to a healthy capital market.
thanks maam , your knowledge , wisdom , experience is gift to our india ...
Madame, you need to do a series on how much to trust ESG mutual funds and how they assess companies on ESG criteria. Because, after hearing your videos, many brokers & MFs are advising to buy the same companies like DLF etc and do buy them along with recommendations to retail investors to buy them.
Half the venerated Indian industrialists will run for cover once the people of India wake up to business and economics...Sucheta Mam is doing noble and humanitarian work, may God bless her!
Mr Chidambaram is the loudest in criticising all and sundry as he has a lot of muck to hide... Sebi is absolutely a non functional orgn.... and Independent Directors sermonises the whole world except the Boards in which they sit... No Independent Director in India has the guts to ask even tough questions to the Promoters..the recent failures are attributable a great deal to Independent Directors being mute spectators...... And Industry Leaders nowadays speak about everything...but havent heard anyone of the outspoken and righteous people call out the bad apples or the rotten eggs...cos its uncomfortable and takes true courage .... Finally Maam is such an inspiration and has survived so long doing a job with the same passion aplomb for so many years...Its so heartening to see tat she didnt settle being a Superstar TV journo...flushed with name, fame and money.....We see so many suave English speaking jounos today...who r superstars ...but have lost credibility and in turn morality completely...Now journos r either with party X or Y..... Maam a Lot of RESPECT and She is really someone to look upto.... as society has stopped working for Honour to earn respect....
Any creature with the name ANIL is injurious to shareholders
The first one is Anil Ambani and now this creature Anil Agarwal
Suchetaji please make a video on who is the largest borrower from banks since 2019-2020 and this again has to do with stock market indices. You will get the remaining clues when you start your research . I promise you, this would be more thrilling than 1992 scam .
Correction ma'am they were mercenaries who shot the people, I know people who organised the protests in Tuticorin.
This is what I call real "journalism"
Very cogent arguments & nice presentation.
Small Scale Not viable
Large scale are not Reliable.Summery of India Inc.
It needs SR, then special majority of public share holders as per SEBI regulation and then minimum subscription. Even if little more than 10% of shareholders don't want it to happen, then it won't happen.
Moreover, pricing is as per SEBI regulation.
Minority shareholders are well protected. If significant minority shareholders are willingly cashing out and few are nostalgic, the management cannot go on pleasing each and every shareholder. It is a party you are no longer invited to.
Minority I mean public share holders are less than 10%. Whether you like it or not your vote is not going to have any value in this company's share holding pattern.
This lady is right.
Currently we are living in the era of democracy. Be it in society or corporation. That's the reason, law prescribes certain level of consent for a specific activity. For example you and nine of your friends are deciding on a movie. All nine decide for one movie for which you however dissent. So what will you do in this scenario. Logical people would either go with the super majority or just drop out. It would be foolish to prevent all other from going to a movie because you don't want it.
If the government lets this happen then with what confidence can we invest in the Indian market, any company can do this in the future.
Tx. Its Media like u we need Vs stooges of PR...Lets embrace them. They are Thick skinned and will steam roll their way. Wish SEBI tightens the rules..but if the Ex. Chairman goesw in to be an Independent Director Post..we know what they are Upto...Lets keep this Minority Shareholder fight going.
Excellent she got it 99% right
He cheated electrosteel steel shareholders same way by merging it with Vedanta star after diluting original shares at 1 for every 100 held. Literally finished ,very cruel person
Vedanta delisting shows the ethics and moral has nothing to do with education or wealth.
In fact higher educated and wealthy people are more unethical and valueless !!!
But what SEBI is doing ?????? This is not first time, small investors are continuously being cheated with different ways and means.
Moral and ethics are at abysmally low level in corporate world.
Madam I liked your vedio. Please expose this scam of Vedanta.and Mr. Agarwal. I am a investor who beleive in long term. Hence I bought shares since 2007 in Vedanta group when the prices were high ( Rs 400/-) I averaged the falling shares many times thinking that one day the share will come up and because of dividends. Now i feel cheated as I have to get very less amount as my average price is Rs 262/- So as per this event , investor should not go for long term as some experts always say. Please highlight this problem in your next vedio.
Mr.U.K.Sinha and Ms Lalita Gupte are Government appointed Independent Directors on Vedanta, why don't they speak for minority Shareholders ?
Airtel did the same just last year. Got rid of the minority shareholders in Bharti, and paid them far below the fair price.
Because our govt allows companies to do capital reduction, basically forcing the minority shareholders to accept a piece not set by the shareholder!
SingTel paid more than 300 a share for the same shares, but Bharti paid less than 200 to minority shareholders.
Besides, Once a company has sold a share, why does the law even allow them to buy it back by force? Why is every individual shareholder not allowed to name a price through a boxing system and if the price isn't acceptable to the buyer, no deal happens. Why should a shareholder be forced to sell a at all if she wants to hold on to is because she believes in the future of the company?
Airtel Again posted Loss 5237 crore loss Today. 😂
Rightly said - once I buy a share it becomes my property.
You are amazing Ms Dalal.
HI mam. Smile is missing always in your videos... Pls smile
If I am not going to sell my shares at this low price.I shall Keep the shares in future and will be shareholder.
pl help small investors in deciding proper value of the shares they may offer for reverse book building. it should be either intrinsic value or replacement value per share whichever is higher. so pl inform us the intrinsic value and replacement value of the shares of Vedanta. Y remember well, Harshad Mehta used to buy share while they were availabe at below replacement value when y exposed his scam..
United Spirits also mulling delisting
Very detailed information many thanks to madam👏
seems SEBI official involvement to delist Vedanta , tomorrow any company can do it , million dollar question is should be trust in regulatory bodies of the market, looks like answer is big 'NO' considering Vendata received approval for delisting , tomorrow reliance also might get approval to delist @ Rs 100 from board
Good one 👍 will wait for your follow up video.
Dear Sucheta Madam,
As now the delisting has started of Vedanta , please make a new video on Vedanta bringing it to the attention of govt and other regulatory agencies to know how this company is looting the innocent investors. You have been very kind to bring this earlier. But it should be noticed by the finance minister and regulatory bodies .
Thanks for doing this. Appreciate it.
such narration needs explanantion in Gujarati /Hindi
Brilliant analysis👏👏
I can IMAGINE a conversation between PM MODI & ANIL AGARWAL... it's somewhat as follows:
.
Pm Modi: ------ so ..... Mr Agarwal, what is you openion on the crisis & how & what will I get ?
.
Anil Agarwal: ---- If you free up the mines immidiately and make me larger and more powerful than I already am - I can help you with many things -
1) I bring FDIs & will help your foreign policy lobby
2) I take good loans from banks and pay good interests
3) You want to focus on MSMEs & new Players in the market --- I free up liquidity from the share market indirectly FORCING investors to invest more in Small & Mid caps to get high returns.... they have to because they were ecpecting high from vedanta.
4) And yes yes .....Ofcourse I will donate to your charities and support u..... goes without saying
.
But I will have to DEINVEST and 49% of my Shareholders will be UPSET .... are you ok with that ??
.
Pm Modi: ----- yes yes ...these are extraordinary times .... I will take care of that with my strategy & charm.
Delist price shoild be minimum at 3 or 4 times of it's book value.
Thanks.
jindal steel and power honestly minority share holder value created company awarded..
Great video!!
Very informative ... Thanks a lot
Very informative.
Thanks for the updated research on the defaulting companies, I hope you have made a similar reserch video on Reliance as well, especially anil ambani holding companies.
I have some minor shares of his companies ( courtesy former reliance petroleum co ) and guess he too is operating the same lines of Mr.agarwal of vedanta and sterlite, having some clout in the present government, he could also come out clean ( like salman kha ) and minor investors are left in a lurch. Has sebi ever noticed his default on all anil ambani companies at all ?
if there are no restrictions to delist , what is the problem irrespective of timing ?yes , some one should check compliance .
Insightful!!
If government can stop this it would send a very positive msg to everyone, or government can come up a rule whereby minimum 50% of book value has to be paid or government can takeover the company and put new management in its place..
thanks a lot, great video mam
Is there no legal route for small individual minority investors?
Great madam, great.
Madam to his company every one one his board in past like sebi head, finance minister so we can understand his political power
this man has done the same in Cairn India merger in its primary offer he offered 1 vedanta stock and 1 NCD of Rs 10 later after negotition he settled with 3 NCD of Rs 10
Madam, how can minority and small investors group and co-operate? Is there an association which you are part of that we can join? We trust you and would be ready to join any organisation that you are part of. I lost money in DHFL NCD.
Please link this delisting of vedanta with hindustan zinc on dusinvestment
Madam u r great and dashing
Vedanta is quoting for a few paise on the rupee. This company will become no 1 in market cap when mining reaches its true global valuations. It probably is a Rs 5 lakh crore company with all the minerals it has in the ground.
All these business people come from a few communities from North West India .....marwadis, sindhis, parsees, gujuratis, Punjabis, agarwals, bansals. Capitalism means that these guys have spread all over India and profited at the expense of rest of Indians.
But he is not forcing them to sell, is he?
If Vedanta buyback price is truly significantly below it's intrisic price then I hope you have invested significant percentage of your wealth in Vedanta shares.
Well from what I read, the Board approved the delisting
In my experience, most Board members have really no clue what is going on
I have reported to several Boards in my past, and there were precious few who asked the tough questions
For most of them, it appears to be a sinecure
Super mam
best wishes madam
Awesome mam
What he is doing may be immoral but it's not illegal. Even after so many Delisting at lower prices, why hasn't the law changed ? Till such change happens it's bound to happen again and again.
As far investors are concerned, a good premium might be good to exit the stock in today's situation. You don't invest in just one stock, may be if he offers 50% more than CMP why not encash it and invest in another good company which also pays good dividend and in same space, say Hind Zinc or may be HDFC twins, if from other sector.
If we reject, say 120 or 150 given by him, even if my cost is 250, what's the guarantee that it will trade at it's book value of 180 or true instrinsic value of 350+. Market Price has got nothing to do with instrinsic value or book value. SBI trades at half it's book value, while HUL trades 50 times it's BV.
What a joke and shame: Ex-sebi director on the board of Vedanta.
Better to have ties with a ex sebi director rather than associating with Dawood Ibrahim
I am Vedanta shareholder. Apart form the ethical issue, is Vedanta doing anything illegal or is rather taking advantage of the situation (which is legal)? Thanks.
Madam, although the number appears big amount wise it's relatively small. With the radical babies in RBI hands, it will find itself at the receiving end. Political interests will destroy RBI's enthusiasm. What has RBI done to the commercial banks? Just merged them when they were in trouble. Nothing creative. For cooperative banks also it will do the same thing. Merger postpones the issues. It doesn't really solve them.
"scrap dealer" :)
The resistance!
bhangar wala mentality wont change - raddhi ka bhav mein share
Why SEBI and IT not correcting such types of company, they seeing Quarterly, half yearly and yearly then why not taking right action..
Companies come with IPO at peak of the market with higher P/E multiples and when delisting comes they want to do it during recession time and when price is at lowest !!!
SEBI and other governing authorities are party to this loot and hence small investors has no option but to suffer loss.
Madam, I have another request. Can you please make a detailed video explaining the cases of financial fraud & quid pro quo of current CM of AP, Jaganmohan Reddy & his father YSR
My questions are the following. First, who is the culprit YSR or his son? Second, how much culpable is Jagan in it? How much culpable is the central government and the other companies involved in it like India cements {Damani is buying it non stop now}?
Third, how is this different from corruption conducted by politicians in power before?
Fourth, is what happened [quid pro quo] actually against the law & how to prove it because the whole thing actually came out when Jagan declared his income tax returns to file an election affidavit.
Fifth, how much of this alleged scam could be due to instigation or just support of Christian evangelical missionaries in India? [I am assuming you know they are christians]