Categories
Observations

One reason to be an Indian Hotels Shareholder

Hat Tip: Pratik Joshi

4 replies on “One reason to be an Indian Hotels Shareholder”

How are these coupons distributed? Based on the number of shares held? Or based on the length of ownership?

It has to be based upon number of shares held on the relevant record date, because all equity shareholders’ rights rank ‘pari passu’ and there cannot be any distinction based upon length of ownership.
Such distinction may even be violative of the Companies Act also (?).

Leave a Reply

Your email address will not be published. Required fields are marked *