What if a minority shareholder doesnt want to sell...are there legal ways to stay put...or the law is on the big shareholders...in that they can take you stake irregardless of your decision.

As I understand it:

1) If Puma buys 25% or more, they are obligated to make an Offer to the rest of the 75%. You need NOT sell your shares to Puma. Puma can also ask for an exemption so as NOT to make the compulsory Offer.
2) If above 80%, then Puma can make a 'Mandatory Offer' but again you need not sell.
3) The problem is that the NSE wants at least a 20% float. This means Puma can ask for a de-listing.
4) If de-listed, you can keep your shares but there is no 'public' market to sell them thus illiquid.

Has everyone got her/his EFT? Mimi bado...

They better make a very good offer then!

The NSE seems to be in a good mood. This takeover couldn't have come at a worse time. Who is to say that if the share was not suspended it would hit 20 bob anyways by your December date?

Yaani I believe that based on KK's current performance, the market could easily give us such a price on its own (without Puma! So what about a premium?).coldtusker values it at a very fair PE of 10. Wouldn't you agree? But that's just me

PS: Usisahau swali yangu ya dividends;-)