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2014 (5) TMI 1189 - HC - Companies LawValuation of shares - Approval of this Court to a special resolution passed by a majority of Cadbury India's shareholders at an extraordinary general meeting, for reduction of Cadbury India's share capital - Principles of Universal Application. HELD THAT:- The only conclusion to be drawn is that there is no valid or tenable objection to the scheme. Given that the originally propounded valuation now stands eclipsed by the Court-ordered valuation, it is this valuation that will have to be taken into account. The valuation of ₹ 2,014.50/- per fully paid up equity share arrived at by the Court-appointed valuer E & Y in its second (supplementary) report dated 29th July 2011 is accepted. The petition is made absolute in these terms and on the basis of that valuation. There will be no order as to costs.
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