अशोक अग्रवाल का हिस्सा खरीद लिया राजुल माहेश्वरी ने!

बड़ी खबर अमर उजाला समूह से आ रही है. इस ग्रुप के एक मालिक अशोक अग्रवाल का हिस्सा दूसरे मालिक राजुल माहेश्वरी ने खरीद लिया है. अशोक अग्रवाल और उनके परिवार का अमर उजाला में करीब चौदह प्रतिशत शेयर था. इसे कुल डेढ़ सौ करोड़ रुपये में राजुल माहेश्वरी ने खरीदा है. इस प्रकार अब अमर उजाला समूह पर पूरी तरह राजुल माहेश्वरी का कब्जा हो चुका है.

इसके पहले अजय अग्रवाल से उनका शेयर खरीद लिया गया था. इस प्रकार से स्व. अतुल माहेश्वरी का वो सपना पूरा हो गया जिसके तहत वो पूरे समूह पर खुद और अपने परिजनों का नियंत्रण देखना चाहते थे. यह सबको पता है कि अग्रवाल और माहेश्वरी के साझेदारी में अमर उजाला की शुरुआत हुई और बाद में अग्रवाल पुत्रों व माहेश्वरी पुत्रों ने कामकाज को आगे बढ़ाया. फिर माहेश्वरी पुत्रों ने एक-एक कर अग्रवाल पुत्रों को समूह से बाहर करना शुरू किया और अब जाकर पूरी तरह से बाहर करने में कामयाब हो गए. इस डेवलपमेंट के बारे में इकानामिक टाइम्स ने खबर फ्लैश की है, जो इस प्रकार है…

Rajul Maheshwari buys Ashok Agarwal & family’s 14 per cent stake for Rs 150 crore

By ARUN KUMAR, ET Bureau

NEW DELHI: Amar Ujala Publications founder Rajul Maheshwari along with his family will purchase the 14 per cent stake of the Ashok Agarwal and family for Rs 150 crore, two persons familiar with the development said, a move that will consolidate ownership in one family.

The company publishes Hindi daily Amar Ujala in northern India.

The deal, for which an agreement was signed recently, will be funded through internal accruals and personal debt by the promoters, one of the two persons said. Maheshwari may sell shares back to the company in a buyback offer later to repay debt.

The agreement is part of the settlement with the Ashok Agarwal and family, which had filed a complaint against its partner at the Company Law Board (CLB), alleging operational mismanagement. Rajul Maheshwari declined to comment.

After purchasing the stake, the Maheshwaris are planning to reduce the company's capital. "To reduce the paid up capital, the company will buy back its shares from its shareholders, which may either be extinguished or kept as treasury stocks that can be issued to the new set of investors in future," said one of the persons cited above.

In the open offer these group companies will have the option of selling the shares and generating cash. "All the parties with respect to the memorandum of understanding are present in court and they confirm that they have voluntarily entered into the settlement and the terms of the same are binding on them. The parties shall abide by the term of the MoU," the October 8 CLB order said. "The company (Amar Ujala) shall have the liberty to approach the CLB in term of the prayer of the present application for seeking appropriate orders under Section 402 of the Act for consequent reduction in the share capital, in the event the company buys back the shares of the petitioners (Ashok Agarwal and family) under the MoU," said the order.

Last year, the Maheshwari group acquired American PE fund DE Shaw's 18 per cent stake for about Rs 140 crore. DE Shaw was locked in a bitter battle with the promoters when it decided to divest its stake as part of its 'exit right' after the publisher failed to list within four years of its investment under an agreement. It asked the Indian promoters for a 25 per cent return on its investment, which was contested in the court.

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