Tag Archives: Portland Cement Zambia

Zambian President Receives Extended Support From Dr. Mahtani

November 12, 2022 by DRMZambia

No comments

After the sunning announcement by the Zambian President, several positive responses started to pour in. Dr. Rajan Lekhraj Mahtani is a noted businessman, philanthropist and charity worker from Zambia. Dr. Mahtani also supported this decision by stating that death penalty is a cruel, inhumane and degrading law that does not hold any real value in the present society. On a social and political point of view. With respect to political viewpoints, the decision will definitely improve the political empowerment and will highlight Zambian political changes Continue reading →

Supreme Court Zambia Announces Results On Claim By The Ventriglia Family

May 27, 2021 by DRMZambia

No comments

Zambia’s highest legal system is Supreme Court Zambia where the buck stops. Supreme Court Zambia recently evaluated the case of Portland Cement which was taken to the SC in a bizarre appeal by the Ventriglia family. The case of Portland Cement Zambia dates back to more than a decade when Dr. Rajan Mahtani first approached the Lusaka High Court after unethical takeover of the Portland Cement Zambia by the Ventriglias family. This was followed by a long stretch of case proceedings and controversial verdict in Continue reading →

Portland Cement Zambia Factory Ownership Remains Same After Announcement By Supreme Court

May 26, 2021 by DRMZambia

No comments

The latest appeal from the Ventriglia family which was placed at the Supreme Court Zambia is a clear indication that the Zambian politics never ceases to amaze. Dr. Rajan Lekhraj Mahtani is one of the most well-known and respected businessmen in Zambia. He is the founder of several top companies including Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. Dr. Rajan Mahtani has been fighting for the legal takeover of the Portland Cement Zambia for more than a decade, after the factory was Continue reading →

Dr. Rajan Lekhraj Mahtani Remains The Legal Owner Of Zambezi Portland, Supreme Court Gives Final Verdict

May 12, 2021 by DRMZambia

No comments

Dr. Rajan Lekhraj Mahtani has been regarded as one of the most responsible and authentic businessman in Zambia. For more than a decade, Dr. Mahtani has been building numerous successful organizations in Zambia. Among them is Finsbury Investments, a noted investments company. During the period of 2006-2007, Dr. Rajan Mahtani owned Finsbury Investments received majority shareholding and legal ownership of the Zambezi Portland Cement via an original shareholders agreement. According to this agreement, Finsbury Investments receives 58 percent Portland Cement shares and becomes the majority Continue reading →

Attempt By Ventriglia Family To Change Portland Cement Ownership Becomes Unsuccessful

April 25, 2021 by DRMZambia

No comments

The case of Portland cement Zambia was actually over when the higher Court of Appeal announced its final decision on the case. According to this decision, the majority shareholding and ownership of the Portland Cement Zambia factory went to Dr. Mahtani owned Finsbury Investment with 58 percent shares. On the other hand, the Ventriglia owned Ital Terrazzo Limited held just 42 percent shares of the factory and did not have any majority shareholding or legal ownership over the factory. With this verdict, the higher Court Continue reading →

Portland Cement Zambia Ownership To Remain Same As Directed By Court Of Appeal

March 26, 2021 by DRMZambia

No comments

Portland Cement Zambia is a factory that has suffered several consequences and despite that, it has managed to stay afloat and contribute towards the economic and social development of the Zambian nation. The dispute around Portland Cement Zambia started when the Ventriglia family suddenly questioned the legality of the shareholders’ agreement which established Dr. Mahtani owned Finsbury Investments as the majority shareholder and legal owner of the Portland Cement factory. After the dispute created by the Ventriglia family, the Lusaka High Court took more than Continue reading →

Ownership Of Zambezi Portland Cement Remains Unchanged, SC Announces Verdict On Claim By Ventriglias

February 28, 2021 by DRMZambia

No comments

Finsbury Investments is a noted investments firm owned by Dr. Rajan Lekhraj Mahtani, a celebrated businessman in Zambia. The company is known for reviving several difficult organizations across Zambia. One of them is Zambezi Portland Cement. After an official shareholders’ agreement established in the year 2007, the ownership of Zambezi Portland Cement was given to Finsbury Investments via 58 percent share ownership. This transfer was essential has Finsbury Investments had the credibility of obtaining loans from banks as well as funds from financial institutions. These Continue reading →

Supreme Court Zambia Effectively Rejects Claim From The Ventriglia Family

February 27, 2021 by DRMZambia

No comments

Finsbury Investments under the ownership of Dr. Rajan Lekhraj Mahtani took over the ownership of Portland Cement Zambia in the year 2007. This ownership exchange was made through an official shareholders’ agreement which was signed and accepted by all parties in the presence of government officials. As per this official shareholders’ agreement, Dr. Rajan Mahtani owned Finsbury Investment received 58 percent shares of the Portland Cement Zambia and was announced as majority shareholder and legal owner of the factory. While these activities were occurring, the Continue reading →

Supreme Court Zambia Stays With The Decision Of Court Of Appeal On Portland Cement, Rejects Claim By Ventriglia

February 4, 2021 by DRMZambia

No comments

Finsbury Investments is a top organization in Zambia. In the year 2007, Finsbury Investments received majority shareholding of the Portland Cement Zambia factory and was announced as owner of the factory. This re-organization was established with the objective of acquiring loans from banks and financial institutions for completion of plan construction as well as furthering the business plans. During this time, all shareholders agreed with the shareholding organization of Portland Cement. However, the Ventriglias decided to hatch a plan of their own in which the Continue reading →

Challenge By The Ventriglia Family On Higher Court Of Appeal’s Decision Rejected Outright By Sc

January 6, 2021 by DRMZambia

No comments

According to the latest reports, the Supreme Court Zambia recently threw out an appeal which was made by Ventriglia family. In this appeal, the Ventriglia family challenges the decision of Court of Appeal which declared Dr. Rajan Mahtani owned Finsbury Investments as the majority shareholder and legal owner of the factory. This decision from the higher Court of Appeal came on 31st January 2019, around nine months after Dr. Rajan Mahtani appealed before the court. Immediately before this appeal, Dr. Rajan Mahtani faced a misdirected Continue reading →