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Tata Teleservices — Tata telecom preferential shares allotment related issue
I purchased 40 CCP of Tata Keltron Limited renounced by two different employees of this company i.e. 27 CCP from K. Vinay Kumar and 13 CCP from P.N. Anand. The original allottee of these 40 CCP were Mr. Ameen Dass Gupta-27 CCP and Mr. G.P. Thonse-13 CCP, who renounced these share in favour of Mr. K.Vinay kumar and Mr. P.N. Anand respectively. I paid Rs. 2700/-(Rupees two thousand seven hundred ) vide Cheque No. 604026 dated 15-02-93 and Rs. 1300/-(Rupees one thousand three hundred only) vide Cheque No. 604027 dated[protected]. Both these transactions were reflected in Tata Keltron Limited’s Payment Receipt Advice of Week No. 13. But I did not receive the CCP either in physical or digital form till this date. I came to know that TKL was amalgamated into Tata Telecom Ltd. (TTL) and I got a communication from Mr. K.Vinay Kumar Sr. Commercial Officer Tata Fone vide letter No. TKL/DEL/CCP/F-VK42 dated[protected] that pursuant to the amalgamation of TKL into TTL, TKL shareholders were entitled to shares of TTL in the proportion of one Equity Share of Rs. 10/- each TTL for every 25 Equity shares of Rs. 10/- each of TKL & 10 Equity Shares of Rs. 10/-each of TTL for every 25 Cumulative Convertible Preference Shares of Rs. 100/- each of TKL on the record date of February 15, 1996. I gave my consent to the allotment of shares of TTL but I have not received any share of this company also till date.
Now I came to know that TTL has been merged into A. G.C. Limited. I have been making correspondence with TTL over these years but no one gave any reply to my letters and no one bothered to address the grievance of a bonafide investor/shareholder of the company. I am forwarding you the copies of these correspondence and the reply received thereby for your kind perusal and further necessary action.
I always had a great regard for Tata Group Companies but at the same time I tasted a bitter experience over these years. I hope that the company will redress my grievance immediately and allot me the shares of A.G.C. Ltd. Equal to my holdings as narrated above.
( MAHENDER VATS )
Contact no. - [protected], [protected], [protected]
B-3/82 SECTOR-17 DWARKA
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