NCLT Dismisses Philips India Plea To Buy Out Minority Stake Over Huge Valuation Difference
The bench also said it was not dealing with contentions and counterclaims made regarding the Foreign Exchange Management Act and observed that "in any case petitioner company (Philips India) is willing to comply with any directions as per law" regarding FEMA compliance.
NCLT Dismisses Philips India's Petition Amid Valuation Discrepancies
The National Company Law Tribunal (NCLT) has dismissed the petition by Philips India to buy out the remaining 3.87% from its minority shareholders due to significant valuation differences. The tribunal agreed with the valuation method but highlighted price discrepancies.
NCLT rejects Philips India’s plea to buy out minority shareholders’ stake, again
Philips India has faced a setback in its third attempt to acquire the remaining stake held by minority shareholders in Philips NV. The National Company Law Tribunals Kolkata bench dismissed the application due to significant valuation disparities.
NCLT dismisses Philips India plea to buy minority stake over valuation gap
The National Company Law Tribunal has dismissed the petition by Philips India to buy out the remaining 3.87 per cent from its minority shareholders, observing a "huge difference" between values determined by the company-appointed valuer and its minority investors.
NCLT Rejects Philips India Buyout Bid: Valuation Gap Too Wide
The National Company Law Tribunal dismissed Philips India's plea to buy out minority shareholders due to a massive valuation difference between the company's appointed valuer and minority investors.
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The National Company Law Tribunal (NCLT) had earlier been informed of the settlement, which was reached on June 7.