Sunday, April 29, 2012

SAMVARDHANA MOTHERSON IPO – OFFER FOR SALE MONEY WILL GO TO TAX HAVENS.





Offer For Sale (Rs 321cr) is by Radha Rani Holdings.  The promoter of Radha Rani Holdings is JSRR Holdings, a company incorporated under the laws of Mauritius. JSRR Holdings   is wholly owned and controlled by JBJ Development Inc. a company incorporated under the laws of British Virgin Islands. JBJ Development Inc.  is  wholly  owned  and  controlled  by  JBJK Growth  Trust,  a  discretionary  irrevocable  trust established under  the  laws of British Virgin  Islands. The  trustee of JBJK Growth Trust  is Pollux Trustee Services Limited;  a  company  incorporated  under  the  laws  of  Switzerland. The board of directors of Radha Rani Holdings comprises, among others is Vivek Chaand Sehgal, promoter of Samvardhana Motherson Finance limited.

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