Desperate Hacker

Chapter 619 Allotment of Shares
Sun Pharma India.

The takeover war has just begun.

Reliance and Tata are like sharks smelling blood.

As a defensive party, Adani actually cannot spare much funds to defend the market acquisition station.

But he is just the figure in the front.

What really stands behind him is Malaysia's Malaysian Integrated Industries Group.

But even so, this acquisition has indeed made the Malaysian Integrated Industrial Group somewhat unable to use its hands and feet.

Tata Group and Reliance Group are both conglomerates like India's giants.

If they are really determined to take down Sun Pharmaceutical.

In fact, it is completely possible.

Didn’t the other party buy 20%?
Then we will allocate one share for each share and ask to raise funds within a few days and register them in the company's account.

"If they want to win Sun Pharma so much, they might as well just issue shares! Anyway, the research and development of new drugs also requires more funds..."

Although the heat in the stock market has eased.

"Then do we still have the right to speak now?"

Sun Pharma has too many shares scattered among ordinary investors.

As a result, everyone has to continue to spend money to buy shares of the company.

Adani didn't expect that there was such a way.

Of course, there are some restrictions. Some small and medium-sized shareholders, although they had money before, will definitely give up purchasing rights options, because many people simply cannot afford so much money when faced with such a huge financing plan.

"Yes! But if this continues, it will be difficult to control the company!"

"How many shares have they got now?"

The situation was a bit urgent, so Zhou Yaojie had no choice but to fly to Mumbai.

But the crisis is far from gone.

So after resorting to a big move, the big shots in Delhi issued a statement on the incident.

But Zhou Yaojie has experienced a lot over the years, and he knows that this kind of thing is simply a common operation in A-shares!

"Let's allocate shares!"

"If the two companies add up, it would be almost 20%! But if we want to get 51% of the equity, it is impossible. Sun Pharma is too big!"

However, after Adani attended the entire board meeting, he went to a secret meeting place and met Zhou Yaojie, but the result was not optimistic.

"what?"

"Not too much! Because many people are worried that the research and development of new anti-diabetic drugs may take up too much money and affect their annual dividends. However, representatives of Xinshi Group and Tata Group agreed that once they take over the board of directors If they do, they will make additional investments, and I understand what they mean. In this way, our shares will be diluted and we will lose control of Sun Pharmaceuticals!"

"How many people support us?"

Personally take charge of this acquisition station.

So there is another clause after this, that is, shareholders who hold the company's shares for a long time have the first right to purchase.

In this way, one share will be split into two shares, and the new entrants Tata Group and Reliance Group will not be eligible to purchase the rights shares they gave up from minority shareholders.

The plan sounds perfect, but it still needs regulatory approval.

And Adani can do this.

But there is a problem. The investment money must be borrowed, because the funds on the books of Malaysian Integrated Industrial Group are also very tight now.

But the money can be pledged against existing shares. As long as the company's stock price continues to rise, the money will be fine.

So the board meeting continued on the second day.

Adani had failed to prevent Reliance and Tata Group from gaining board seats a day earlier.

But on this day, Adani suddenly came up with an unimaginable new plan.

"Everyone, I believe you all know that we are cooperating with foreign scientific research institutions to develop a new drug that is like a miracle in the history of Indian pharmaceuticals. New antibiotics and new anti-diabetic drugs! The importance of these two drugs Even if I don’t say it, you all know that now I have a new, two new drugs to develop, which requires a lot of funds to speed up the research and development progress. Therefore, our Adani Group proposes to allot one share for each share, according to the previous transaction At the closing price of the day, shareholders holding shares will have priority to purchase. In order to avoid short-term speculation, the qualifications for our proposed purchase must be those who have continuously held shares for more than one month..."

The proposal suddenly proposed by Adani immediately started a heated discussion in the board of directors.

Reliance Group and Tata Group were particularly fiercely represented.

The reason is simple, most of their shares were acquired in the past few weeks.

If this plan is passed, it means that they will not be able to participate in this rights issue.

"What are you talking about? It's too ugly to look like this!"

"No, no, no! Sun Pharmaceutical Group is worthy of such a plan. We are a great pharmaceutical company, otherwise you two would not suddenly choose to join, right!"

"Then let's be fair and let everyone have the right to purchase allotment shares!"

"No, no, no! We need to avoid short-term speculation by some short-sighted investors. What we need is long-term funds. If they are unwilling to buy, they can hand over their shares, and our Aldani Group is willing to purchase them on their behalf!"

There has always been such a thing as rights issue.

But when it comes to eating, it’s too ugly.

This is equivalent to taking another amount of money from the wallets of investors. As soon as the news came out, the shares of Sun Pharmaceutical Group, which had been rising in recent days, finally began to stagnate.

In the end, the Adani Group passed the resolution by virtue of its control of the company.

However, on the second day, small and medium-sized shareholders criticized the Adani Group on social networks, which was too ugly.

But in the capital market, no one is playing democratic tricks with you.

This is a game where the rich make the rules.

If you want not to suffer losses, you have to spend real money to continue buying stocks. And you must have held the shares for more than one month to be eligible.

Otherwise, you can only watch the value of your stocks being diluted.

But the problem is that the value is really diluted, and some people are unwilling to leave.

Because it is said that these two new drugs of Sun Pharmaceutical Group are disruptive.

So under this situation, two opposite operations occurred in the stock market and public opinion.

On the one hand, Sun Pharma was called a vampire by investors on social media.

On the other hand, the rights issue plan has been announced, but the Adani Group has spent huge sums of money to acquire many stocks that small and medium-sized shareholders cannot afford to buy.

For a while, Reliance Group and Tata Group could only stare.

However, some Chinese medicine shareholders choose to sell all their stocks directly and retreat from this pirate ship. In order to prevent the shares in your hands from being harvested.

However, Adani and Tata continue to collect funds!
Suddenly, the entire Sun Pharmaceuticals market value nearly doubled.

It has become a giant among Indian pharmaceutical companies.

And it's all just a money game.

But the danger seems to be approaching, because if the stock falls by more than 20%, the Adani Group's stocks will be liquidated instantly.

Who let this money be borrowed?

(End of this chapter)