Dear Investors,
Is it true?.
As I read some information in a particular website( https://adviews.in) there are opportunities that can deleiver a very good profit.
Then Why 7% per annum now? what happened to 48%?
Also not in a single settlement?
Read the below information in column 7.1.
And Interference of Central and State Government Agencies and suffering serious damages. Due to this incident the company was forced to halt certain activity. The above incidents has affected the company very badly and created major financial difficulties for the company.
What does it mean?
From the specimen copy of proxy now the returns may be only 7% only per annum .
Proxy 3.
7.The commercial rationale of the proposed scheme of Arrangement between City Limouzines(I) Limited and Preference Shares Holder and Unsecured Creditors of City Limouzines(I) Limited as follows:
7.1 The Company was facing an acute financial crisis mainly due to the economic crunch and global meltdown and interference of Central and State Government Agencies and suffering serious damages. Due to this incident the company was forced to halt certain activity. The above incidents has affected the company very badly and created major financial difficulties for the company.
7.2 The Company faces significant capital constraint and relatively heavy interest on account of highly leveraged capital structure.
Keep faith in God.