Dr. Rajan Mahtani has been long fighting for the Portland Cement Zambia, a beloved company started and established by him. After transforming the company into an extremely successful venture, Dr. Mahtani faced an unlikely roadblock when the cement-manufacturing factory was illegally taken away. After this, a decade-long fight for the cement factory started and it took more than ten years and two courts to finally provide the judgement which everyone was expecting. However, before finally reaching to this point, Dr. Rajan Lekhraj Mahtani has to ensure long patience and perseverance, especially at the Lusaka High Court where the case was initially registered. The judge at the Lusaka High Court was justice Nkonde who gave the final judgement in the month of May, 2018. As per the final decision from the Lusaka High Court, Ventriglias were regarded as the only shareholders of the Zambezi Portland Cement.

It was clear that this judgement was misdirected. As a result, Dr. Rajan Mahtani was left with no other option than to approach the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final judgement on the Portland Cement Zambia case on 31st January 2019. This judgement was given after looking into all evidences and testimonials submitted by both parties, a move which was conveniently ignored by the previous judge. The judge finally gave the decision nine months after the case was launched at Court of Appeal. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the Zambezi Portland and is clearly the majority shareholder. On the other hand, Ventriglias owned Ital Terrazzo Limited owns just 42 percent of the cement factory which means it is the minority shareholder. From this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement.

As of now, Dr. Rajan Mahtani has taken back the ownership of Portland Cement Zambia with the legal win and is planning to revamp the factory to its original glory.

Leave a Reply

Your email address will not be published. Required fields are marked *