This is the Association of Minority Shareholders of SSTL (subsidary of Sistema in INDIA)
Our questions to the Sistema Mgmt are :
1. The High Court of Rajasthan India had mandated that an exit offer be given at fair price to more than 17000 SSTL shareholders (who are stuck with these shares since 2007) holding approx a total of 70 million shares of total face value approx $US 14 mln only. From Aug 2008 (date of court order) till date this requirement has not been met by SSTL despite selling equity at high prices to Russian Federation at almost $1 per share for a total of USD 600+ mln in 2011.
How do you plan to offer an exit to these shareholders ?
2. In the light of the India Supreme Court ruling, how do you plan to protect the interests of these 17000 shareholders.
Amsost
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