Comments on: Essar Steel De-Listing in Trouble ! http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/ Indian Stock Market News and Analysis Sat, 05 Jul 2008 12:22:22 +0000 http://wordpress.org/?v=2.2 By: mohan http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-8974 mohan Thu, 15 May 2008 07:27:35 +0000 http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-8974 Hi, i have some ESTL stock. I want to surrender this share (which are i holding) to company. or continue to hold, please anybody suggestion me.MY Mail Id:marstechmohan@yahoo.co.in Hi, i have some ESTL stock. I want to surrender this share (which are i holding) to company. or continue to hold, please anybody suggestion me.MY Mail Id:marstechmohan@yahoo.co.in

]]> By: jayapaul http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-4794 jayapaul Wed, 27 Feb 2008 04:46:01 +0000 http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-4794 hi i have bought some shares of essar steel.after delisting i dont know what to do.can i hold the share or surrender to the company.which is benifit?what is the procedure to surrender the shares?if anybody knows ,pls give ideas to me. my mail id jayapaul_rev@yahoo.com hi i have bought some shares of essar steel.after delisting i dont know what to do.can i hold the share or surrender to the company.which is benifit?what is the procedure to surrender the shares?if anybody knows ,pls give ideas to me.
my mail id
jayapaul_rev@yahoo.com

]]> By: Jagdish r hathi http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-4195 Jagdish r hathi Mon, 11 Feb 2008 09:54:36 +0000 http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-4195 Hi I am a very old invester in this fild and holding some shares from Essarsteel. As it got delisted I dont know what to do I dont want to surrender but give some more or convert in sister concern of essar Hi
I am a very old invester in this fild and holding some shares from Essarsteel. As it got delisted I dont know what to do I dont want to surrender but give some more or convert in sister concern of essar

]]> By: admin http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-2282 admin Sun, 23 Dec 2007 10:55:24 +0000 http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-2282 i myself hold shares in essar steel ....hope something like DLF repeats... i myself hold shares in essar steel ….hope something like DLF repeats…

]]> By: Rajeev http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-2214 Rajeev Sat, 22 Dec 2007 07:36:17 +0000 http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-2214 Hi... I tottaly agree with you... and me as well as some of my friends who are shareholders in Essar steel have decided to fight it out and get our just rights no matter how long it takes.. But the moot question is how do we form the forum collectively and how do we all come together in our fight for justice... If you or anyone reading this has any suggestions... kindly mail them to me... My ID is rajeev@infinityoverseas.com Hi… I tottaly agree with you… and me as well as some of my friends who are shareholders in Essar steel have decided to fight it out and get our just rights no matter how long it takes.. But the moot question is how do we form the forum collectively and how do we all come together in our fight for justice… If you or anyone reading this has any suggestions… kindly mail them to me… My ID is rajeev@infinityoverseas.com

]]> By: mukesh http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-2182 mukesh Fri, 21 Dec 2007 15:53:06 +0000 http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-2182 Hi I am a new invester in this fild and holding some shares from Essarsteel. As it got delisted I dont know what to do I dont want to surrender but filling risky to have the shares with me. Hi
I am a new invester in this fild and holding some shares from Essarsteel. As it got delisted I dont know what to do I dont want to surrender but filling risky to have the shares with me.

]]> By: TANYA http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-2121 TANYA Thu, 20 Dec 2007 11:34:04 +0000 http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-2121 GOOD GOOD

]]> By: Manish Somani http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-1591 Manish Somani Mon, 10 Dec 2007 10:26:29 +0000 http://birlaa.com/2007/12/05/essar-steel-de-listing-in-trouble/#comment-1591 Hi All, It’s a great victory for us. We must congratulate ourselves and thank Shri Yatindrajit for changing the dynamics of the continued anti shareholder practices of Ruias. This fight will be a landmark in the history of Indian stock market. It will send message that investor will always demand higher standards of accountability and not hesitate to litigate if they feel wronged. We have seen how in case of DLF how 500 odd minority shareholders fought for the rights and were able to collect whopping Rs 1,300 crore from the company. The settlement is remarkable, because it is the highest price that any company has ever had to pay for such investor mistreatment. More than the money it’s the how those shareholders fought for their rights and were able to derive justice which is more important. I wish ESSAR could take some lesson from that and not dodge the issue through fake appeals and endless litigation. As shareholders, we don't have to sit by and watch this mistreatment. I have mailed to SEBI, NSE and BSE but they have not bothered to send a reply. This is because they don’t have reply. The stay on delisting is a great achievement for us. However we will not stop at that. We need to take on the Ruias with greater dynamism and commitment. The next hearing will come on 12th Dec. My intuition is that it going to take time and will test our patience. We live in an era of shareholder democracy. However retail investors have typically not been activists where they used the voting power of their shares; through this apathy, they have ceded their power to management. We MUST change that. I am getting mail enquiring about the status of the case which I will keep posted. I received some mail to join the Forum. However at this point of time I am not sure how the formal forum can form. We will need some more shareholders to take this forward. However I am planning to create a blog as medium of communication and internal exchange. I am sure our voices will be heard well by teaming up and forming a coalition of like-minded investors and using collective clout to advance our reasoning and demands. The plan of action is 1) To send BSE, NSE, SEBI and SAT as many complaints we can to stop the delisting process 2) Inform and encourage shareholder to participate in the this informal forum and take about initiatives 3) Ask investigating authority to examine who all have tendered these 4.85 crore shares in the delisting process at the price of 48 4) Create awareness about this in media Please suggest any other idea you might have. Please email me your contact details at chinacat at rediff mail dot com Best, Manish Hi All,
It’s a great victory for us. We must congratulate ourselves and thank Shri Yatindrajit for changing the dynamics of the continued anti shareholder practices of Ruias.

This fight will be a landmark in the history of Indian stock market. It will send message that investor will always demand higher standards of accountability and not hesitate to litigate if they feel wronged.

We have seen how in case of DLF how 500 odd minority shareholders fought for the rights and were able to collect whopping Rs 1,300 crore from the company. The settlement is remarkable, because it is the highest price that any company has ever had to pay for such investor mistreatment. More than the money it’s the how those shareholders fought for their rights and were able to derive justice which is more important.

I wish ESSAR could take some lesson from that and not dodge the issue through fake appeals and endless litigation.

As shareholders, we don’t have to sit by and watch this mistreatment. I have mailed to SEBI, NSE and BSE but they have not bothered to send a reply. This is because they don’t have reply.

The stay on delisting is a great achievement for us. However we will not stop at that. We need to take on the Ruias with greater dynamism and commitment. The next hearing will come on 12th Dec. My intuition is that it going to take time and will test our patience.

We live in an era of shareholder democracy. However retail investors have typically not been activists where they used the voting power of their shares; through this apathy, they have ceded their power to management. We MUST change that.

I am getting mail enquiring about the status of the case which I will keep posted. I received some mail to join the Forum. However at this point of time I am not sure how the formal forum can form. We will need some more shareholders to take this forward. However I am planning to create a blog as medium of communication and internal exchange.

I am sure our voices will be heard well by teaming up and forming a coalition of like-minded investors and using collective clout to advance our reasoning and demands.

The plan of action is
1) To send BSE, NSE, SEBI and SAT as many complaints we can to stop the delisting process
2) Inform and encourage shareholder to participate in the this informal forum and take about initiatives
3) Ask investigating authority to examine who all have tendered these 4.85 crore shares in the delisting process at the price of 48
4) Create awareness about this in media

Please suggest any other idea you might have. Please email me your contact details at chinacat at rediff mail dot com

Best,

Manish

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