[Resolved]  Motilal Oswal — Cheated on Rights issue

Hi,

Motilal oswal has played a very dirty game wrt allotment of rights issue. I had bought shares of Infomedia in 1st week of december and as on date (31st december 2009) i still hold it and is shown in my demat account. The record date for the same was 21st december 2009.

I have not received the rights issue form as i am being told that shares on record date were not in my name. Motilal Oswal has cheated on me and seems like they have taken the rights issue against their name.

As on date the stock price is down 60% from where i bought due to stock price fall and also due to ex rights price adjustment. However, losses are in my account as it shows me the holder of the shares but profits pertaining to application of rights etc are now going to go to Motilal oswal.

I would request you to kindly take up this matter as this is clear one way cheating from such brokers

Please revert asap and stop such malpractices by such brokers

Awaiting a reply......