M&A Critique

Siyaram Silk Mills “Special Reward” to Shareholders – Shall Issue Preference Shares as Bonus Shares

Recently Siyaram Silk Mills Limited announced issuance of compulsorily redeemable preference shares as a “bonus” to all the equity shareholders.

Siyaram Silk Mills Limited (“The Company” or SSML”) is engaged in the business of manufacturing, branding and marketing of fabrics, readymade garments and indigo dyed yarn. The equity shares of the Company are listed on the nationwide bours...

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Aniruddha Jain