Corporate Fraud/Misdemeanor - Public Domain - India lessons

[sougataG]

Par Drugs. Short-changing investors by slump sale of the main business at BV to allegedly related party and proposing to get into completely unrelated business.

Par Drugs & Chemicals Ltd

It’s a phenomenal move by the management to gloriously short-change investors with this slump sell at close to BV(90cr.) at a time when the market-value is at 400cr. ( at PE of 20, you can’t say it is overvaued) and quarterly profits are only growing. Anyone has any thoughts? https://nsearchives.nseindia.com/corporate/PAR_02122024174510_SignedOutcome02122024.pdf I believe the listed entity is starting to make money, probably some traction in CRAMS, and management wanted the remaining 25% of p…