Originally posted by basant Subu: A great entrepreneur can be a bad investor (in other sectors) and a great investor can also be a bad entrepreneur (RJ - his first venture to do some basi drug manufacture bombed off in the early 80's before he came to Dalal Street)

Business as usual even in the supposedly polished world of corporates in India. Absolutely no difference between the traffic policeman taking the bribe so shamelessly and promoters of the companies involved in such practices.

 Corrupted to the core and it is very difficult to remove such habit. Every one assumes it to be "normal practice" and expects to give bribe for anything to be done - just like fuel to the fire.

Chak de India

Originally posted by subu76 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.

I thought that Subiksha folks had bought some Chennai firm and had got a backdoor listing. Subiksha's game I thought was more to open and have a good number of stores and then exit whenever foreign investment could come in the sector. And they got exhausted before that could happen. Premji would have got sold on that, it could as well have been a backhand deal for other reasons. Anyone who knew retail when Premji got in would have known that these guys were in serious trouble and could fall.

These IT folks used to invest in all NFOs etc. without any logic, and with that don't think that their investment skills would be very diff. from a normal guy.

Aanjaneya Lifecare Ltd, came out with an IPO in 2011. Stock price was driven by operator from 300 to 850 odd levels. Then came a massive fall of 95%. Down from 850 to 30 odd.
The sales and profits were increasing at good pace but the company was having negative CFO (Cash Flow from Operation)- First red flag.

Also large quantity of shares were pledged by promoters.

Now there is a interesting development in the company.

http://www.bseindia.com/corporates/anndet_new.aspx?newsid=a2ca2ef5-1509-4643-90ba-c1989a249b0b¶m1=1

Aanjaneya Lifecare Ltd has informed BSE that the Company has changed its name from Aanjaneya Lifecare Ltd to Dr. Datasons Labs Ltd.

And now the operators are again playing the game. Stock is up 70% in last 1 week. Now more suckers will buy the stock as very few will take the pain of noticing that it has changed the name to wash its previous sins.(Something similar to what Peter Lynch said about companies that change their names).
Is SEBI sleeping?