Case 12 Ruturaj Pencils Private Limited
Bilva Desai & Kinjal Parikh
Assistant Professors, L.J. Institute of Management Studies, School of Management Studies
On December 11, 2020, Mr Vasant Patel (61) and Mr Laxmikant Patel (63), the Directors of Ruturaj Pencils Pvt. Ltd., received a proposal from an outsider Mr Gautam Sharma, Marketing Head of a leading pencil brand in India. They had to decide whether to accept his proposal (Exhibit 12.1) of Rs 40 million and allow him to be a board member of the company in exchange for a 30% profit share.
| 1 | Offering of fund | Rs 40 million (released step by step) |
|---|---|---|
| 2 | Stake requirement | 30% ... |
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