in his corporate presentation on Oct 20th that SSTL is negotiating with more than one potential partner for a stake sale :
Excerpts from his presentation available at http://www.sistema.com/investors/presentations :
Strategic rationale for Sistema
1.Maintain strict financial discipline
•Cash contribution from a partner will facilitate funding of the project in 2010-2012
•The engagement of a partner will reduce start-up risks for Sistema
The engagement of a partner will facilitate obtaining the equity financing that the start-up requires.
Summary
•Transaction status: negotiations in progress
•Sistema made the following proposal to potential partners in the SSTL project:
•Stake offered: 20-30%
•Contribution from a partner: cash and industry expertise
•List of potential partners defined
•Negotiations continue, no final terms have been approved by Sistema
Partnership at SSTL- The deal is not closed yet
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Letter from Shareholders to SSTL
LETTER RECD AT AMSOST FROM SHAREHOLDERS
Dear Mr.Malik,
I am also an unfortunate man amongst 17000 shareholders & holding 3970 shares of SSTL since 2007. I am an ex-Air Force personnel & invested my lumsum money in this share,which i got after my discharge. This really dragged me out & is bankrupted me. The court has given its verdict is going to be almost 4 years back, but still the issue is pending. Jutice delayed is
justice denied. So obviously these 17000 people are not waitng to listen only promises but real action. Hope some positive turn in our favour very shortly.
Regards,
Subrata
Regards,
Subrata
6:36 AM (17 minutes ago)  | | |||
Dear Mr.Malik,
I would like to inform that I am holding 7224 shares of SSTL since long. I have invested from my hard earned
pension benefit money. Pse bail out me from exit option with reasonable amount so that i should not think that it is a sin in investying in SST
(formerly shyam telecom). My DP no.10162995- NSDL.
Awating for ur favouyrable reply. My Moble no.8374460997.
with regards.
N.krishna Rao
******************
Mr Rahid Malik Company Seceratry Shyam Siestema Televentures ltd Dear Sir Sub Listing of SSTL Shares I have 10322 shares of SSTL DP CDSL DP ID 13019300 Client ID 01137578 in the name of MAN MOHAN resident of Tower 6 A Flat No 203, Ansal Valley View Estate, Gwal Pahari , Gurgaon Faridabad Road , Gurgaon,122003, Haryana. As per the August 2008 order of Rajasthan High Court these shares were to be listed or an exit offer at a fair price was to be given to investors . Why the company has not sent me any such offer? Pl send me this offer and also inform me immediately timeline for the same Man Mohan ******** |
11:31 AM (2 hours ago) | | |||
Dear Mr.Rashid Malik,
We are holding 7840 shares of SSTL since so many year due to split followed by SHYAM TELELINK..
We are looking for exit option as directed by the court to SSTL.
Kindly let us know what should we do to move ahead.
Warm Regards
*****
1:21 PM (0 minutes ago) | | |||
Dear Sir,
I have been holding shares of SSTL for the past so many years and has been waiting for an exit option from you at a fair price. When the company has been selling its majority stake to other players at much higher prices, the minority share holders should also need to get a fair price for the same.
Looking at the recent media news, wherein the company has been quoting that there has been no requests for exit option, let me take this opportunity to tell you that we would definitely like to have an option to exit and donot want to continue our shareholding anymore. I feel for my other 18000 odd partners who are also stuck with their hard money in this scenario.
I would request you to please assure us a fair pricing for the exit and limited time frame in which this can be done, since we have already waited for a very long period.
My details are as follows:
Name: P RAJASHEKHAR REDDY,
Address: MUMBAI MAHARASHTRA INDIA 400098
. total of 794 shares as of today.
Waiting a positive reply from you at the earliest.
Regards,
--------------------------------------------------------
11:35 AM (1 hour ago) | | |||
FROM:- KHETSHI U MARU
DP ID BO ID:-CDSL 1302340000053717 ISE OF INDIA LTD
SIR
I HOLD 10000 SHARES OF SYSTEMA SHYAM
I AM A MINORITY SHAREHOLDER OF THE COMPNY
I WANT EXIT OPTION FROM MY INVESTMENT OF 10000 SHARES OF SYSTEMA SHARES
PL DO THE THE NEEDFUL
K.U.MARU
----------------------------------------------------------------------------
9:51 AM (3 hours ago) | | |||
Dear Sir,
I am also one of the minority share holder of SSTL. I am holding about 15000 shares. I also want an exit option at reasonable price because I am also in the wait for about 6 years. Please let me know about any development in exit option and put up my name to the SSTL that I am interested in exit option. This is more than enough now for us.
Thanks
Regards,
Munish
Address: Flat No 17, Sec-22, DDA SFS Flats
Dwarka, New Delhi-110075
Ph:
Email: munish@powergridindia.com
Copy to : amsost@gmail.com; please take this matter collectively with all minority share holders as you have earlier gone to Court and won the battle to take further stake in SSTL. You won and we got additional shares also. But, unfortunately, there is no scene of listing any more. It is better to get an exit option at a reasonable price (not less than Rs 50/=/ per share) because we are kept in waiting for more than 6-7 years, in dark, and after additional allotment, I feel, we, the minority share holders have lost our valuable money. Please take up with SSTL on our behalf
Our Folio No and names are as follows. We want an exit option as per Court Order. Please offerl us reasonable price of your exit option.
Ø India Infoline DP ID: FOLIO NO. IN302269-10168441- Name : Meena-Nos of SSTL Shares holding: 14450
Ø India Infoline DP ID: FOLIO NO IN302269-10262510- Name: Veena Talreja- Nos of SSTL Shares holding: 4644
Please reply by return mail.
Thanks
Regards
Sistema Shyam Telelink Ltd
Badlo life ka plan
Sistema
