https://www.taxtmi.com/caselaws?id=100695 The court interpreted a clause in a prospectus regarding a bonus issue and reduction in conversion price. The plaintiff argued for a specific reduction amount, while the defendant contended that the plaintiff's interpretation was incorrect. The court emphasized that the reduction in conversion price should be proportionate to maintain equality among shareholders and bond holders. Ruling in favor of the defendant, the court held that the defendant's method of calculation following the bonus issue was appropriate, ensuring equality between shareholders and bond holders. The plaintiff was not entitled to any relief, and no costs were awarded. en-us Wed, 21 Sep 1983 00:00:00 +0530 Fri, 03 Feb 2012 18:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100695 The court interpreted a clause in a prospectus regarding a bonus issue and reduction in conversion price. The plaintiff argued for a specific reduction amount, while the defendant contended that the plaintiff's interpretation was incorrect. The court emphasized that the reduction in conversion price should be proportionate to maintain equality among shareholders and bond holders. Ruling in favor of the defendant, the court held that the defendant's method of calculation following the bonus issue was appropriate, ensuring equality between shareholders and bond holders. The plaintiff was not entitled to any relief, and no costs were awarded. Case-Laws Companies Law Wed, 21 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100695