Dr. Rajan Lekhraj Mahtani Is The Majority Shareholder Of The Zambezi Portland Cement, Confirms Court of Appeal

Dr. Rajan Mahtani is at long last the genuine and legitimate proprietor of Zambezi Portland Cement. This news went national on 31st January 2019 when the judge from the Court of Appeal declared that Finsbury Investments is the majority shareholder of Zambezi Portland Cement. The Lusaka High Court choice was given by Justice Nkonde in May 2018 who declared Ventriglias to be only shareholders of the cement production line. Be that as it may, it was discovered that the confirmations and tributes were insufficient to legitimize this choice at the Lusaka High Court.

Rajan Mahtani

The judgment at the Court of Appeal was given by Justice Mwinde Siavwapa. Amid this session, a few basic subtleties were shared by the judge. A standout amongst the most imperative subtleties was the misled judgment by Lusaka High Court judge on Portland Cement’s destiny which was profoundly condemned. Justice Mwinde said that the judge beneath him wasn’t right in proclaiming Ventriglias as the main investors. Besides, new subtleties developed by which Finsbury Investments is the dominant part investor of Portland Cement with 58 percent shares and the Ventriglias have 42 percent shares and are just minority investors.

According to the money related subtleties shared by the Court of Appeal, Dr. Rajan Mahtani possessed Finsbury Investments have paid K580, 000, 000 to the Court of Appeal on sixth February 2019. This instalment is according to the past judgment and was for setting up commercial registry for Zambezi Portland Cement by Finsbury Investments. Moreover, Finsbury Investments likewise asserted K 1 billion with interest on the Zambezi Portland plant as against the total share capital instalment set up on 27th July 2005.