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basant
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Joined: 01/Jan/2006
Location: India
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   Posted: 28/Jul/2007 at 11:47am |
Guys,
Sanjeev Bhikchandani of Infoedge called me up a couple of minutes ago and he vehementally denied that the management had anything to do with the people disrupting the AGM. He expressed his serious regret for people who travelled all the way for the AGM and said that he would respond to querries on Infoedge through email.
My note:: It was a classic gesture of corporate governence. COmpanies generally brush off AGM's like another of those regulatory events but here we have a management that is ready to sort out things for its shareholders.
In ICRA's AGM which happened on the same day as Infoedge a similar thing repeated itself. One of my relatives who had gone all the way to attend the ICRA AGM narrated the event in exactly the same way as the shareholder who had gone to attend the Naukri AGM.
Unfortunately the guys who attend these AGM's are interested in the food packets rather then taking the opportunity to really understand what the company is doing!
Edited by basant - 28/Jul/2007 at 11:48am
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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vip1
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Joined: 09/Oct/2006
Location: India
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Posts: 492
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Posted: 29/Jul/2007 at 4:37pm |
Guys,
Sanjeev Bhikchandani of Infoedge called me up a couple of minutes ago and he vehementally denied that the management had anything to do with the people disrupting the AGM. He expressed his serious regret for people who travelled all the way for the AGM and said that he would respond to querries on Infoedge through email.
TED's activism paying off 
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xbox
Senior Member
Joined: 10/Sep/2006
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Posts: 2001
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Posted: 29/Jul/2007 at 7:10pm |
Basant jee,
I am really impressed with power of TED. Congratulations!!!
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Don't bet on pig after all bull & bear in circle.
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deepinsight
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Joined: 18/Sep/2006
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Posts: 980
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Posted: 29/Jul/2007 at 9:51pm |
Sanjeev comes across as a no nonsence down to earth entrepreneur. Very positive of him to immediatelly respond/defend the company's reputation.
Wish the price was not so highly valued for us to be able to make an investment.
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"Investing is simple, but not easy." - Warren Buffet
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omshivaya
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Joined: 06/Sep/2006
Location: India
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Posts: 5966
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Posted: 29/Jul/2007 at 12:12pm |
Sanjeev jee's response rests any doubts on the management part, at least.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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India_Bull
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Joined: 19/Sep/2006
Location: United States
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Posts: 2296
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Posted: 29/Jul/2007 at 12:14pm |
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Thanks Basantjee for your concerns for the shareholders of Infoedge and also quick response of Sanjeev jee is appreciated.
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India_Bull forever Bull !
www.kapilcomedynights.com
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xbox
Senior Member
Joined: 10/Sep/2006
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Posted: 29/Jul/2007 at 5:38am |
Sanjeev jee's response rests any doubts on the management part, at least.
------------------
Sometimes being judgment is not best thing to do. The very fact that "he is running that company", is enough to say the minimum.
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Don't bet on pig after all bull & bear in circle.
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Mr. V
Senior Member
Joined: 01/Mar/2007
Location: United States
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Posted: 29/Jul/2007 at 7:59am |
Originally posted by basant
Guys,
Sanjeev Bhikchandani of Infoedge called me up a couple of minutes ago and he vehementally denied that the management had anything to do with the people disrupting the AGM. He expressed his serious regret for people who travelled all the way for the AGM and said that he would respond to querries on Infoedge through email.
My note:: It was a classic gesture of corporate governence. COmpanies generally brush off AGM's like another of those regulatory events but here we have a management that is ready to sort out things for its shareholders.
In ICRA's AGM which happened on the same day as Infoedge a similar thing repeated itself. One of my relatives who had gone all the way to attend the ICRA AGM narrated the event in exactly the same way as the shareholder who had gone to attend the Naukri AGM.
Unfortunately the guys who attend these AGM's are interested in the food packets rather then taking the opportunity to really understand what the company is doing! |
Wow...This is really commendable on the management's part.
Basant, did anyone from TED contact him about this first or did he get in touch with you proactively ?
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