Originally posted by subu76
One thing is for sure: Ignoring past history of promoters is risky. One can cite examples to the contrary but it could lead to big losses. Just read that Subhiksha promoter had an entity which was banned twice from the market. Should Premji's firm have invested with such a promoter? |
After reading more:
Premji Invest had always intended to flip the stock during an IPO.
Serves them right.

ICICI guys conned them into making the investment in a hurry by convincing them that the IPO could happen any minute.
Good stunt by ICICI Guys.

Remind me of Murthy's firms investment in SKS.
Quick smarty gains can often lead to permanent losses.