SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Compact Disc India temporarily drops idea of delisting shares

14 Jul 2011 Evaluate

Compact Disc India (CDI) has decided to hold the process of delisting its shares from stock exchange. The company has taken this step amid its ongoing legal dispute with Hong Kong and Shanghai Banking Corporation (HSBC). Further, to avoid any kind of uncertainty with the delisting process the company has decided not to proceed with the delisting procedure until the issues with HSBC are settled.

Last week, the company decided to file a criminal, defamation and damages suit of Rs 20 crore against HSBC for damaging company's reputation by unauthorisedly contacting third parties.

In the first quarter of ongoing financial year, HSBC has filed case against CDI. As per a statement made by CDI, the company owed Rs 18 crore to HSBC. Out of this, CDI said that it has already paid Rs 2 crore to the bank and plans to pay entire amount by January 2012.

Compact Disc India is engaged in multimedia and entertainment production in India and has extensive expertise in creation, distribution and management of contents for media and entertainment sector with its strong presence in India, Malaysia and Singapore.

Peers
Company Name CMP
PVR 1040.25
Saregama India 352.70
Shemaroo Entertain. 100.95
Balaji Telefilms 120.14
UFO Moviez 73.52
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×