Information about Godrej group was flagged in the Astec Lifesciences thread as they are the promoters now, so I am moving it here for records & reference in future.
This should be considered for evaluating the corporate governance actions of past for the promoter as that is a very critical aspect of long-term investing.
The Godrej matter - where the company tried to get the buyback done at a paltry price from minority shareholders by seeking a negative consent which is inappropriate corporate governance behavior.
Things have changed from those times where it went through & left a bad taste with many retail investors, more recently Vedanta also tried to do that again (after the Sterlite event) but failed miserably this time.
It definitely helps to keep a track of past records of corporate actions where the intent of the management towards minority shareholders comes in question.
Unfair buyback and delisting.pdf (611.0 KB)