Why didn't you give fin projections to E&Y, HC asks Cadbury

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Why didn't you give fin projections to E&Y, HC asks Cadbury

Chocolate maker Cadbury faced some tough questions from the Bombay High Court today on the back of the delisting spat with its shareholders. The court asked the company why it did not provide projected financials to the court-appointed valuer Ernst and Young.

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Chocolate maker Cadbury faced some tough questions from the Bombay High Court today on the back of the delisting spat with its shareholders. The court asked the company why it did not provide projected financials to the court-appointed valuer Ernst and Young.

Minority shareholders argued that Ernst and Young did not have the benefit of using the discounted cash flow method as it was not provided with projected financials. Discounted cash flow method is the best valuation method, they claimed.

Cadbury will respond to the court's query on July 4.

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