The Viewpoint – Recent Decisions on Schemes of Arrangement and Capital Reduction

Minority Squeeze Outs – reduction of share capital of Cadbury India Limited

In a matter involving the reduction of share capital of Cadbury India Limited (“Cadbury India”), a recent judgment of the Bombay High Court has addressed important issues relating to the squeeze out of minority shareholders.

As part of a Group policy to operate only though branches or wholly-owned subsidiaries, Cadbury India undertook a series of buy-backs and open offers from its shareholders. The current judgment was . . .

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