In your interest.
Online Personal Finance Magazine
No beating about the bush.
Who are the investors that Essar Steel is dumping and why do they feel short-changed? Well, listen to this story. Hemendra Shah (name changed) bought Essar Steel shares in 1992 at Rs150. As its fortunes slid, the company made two rights issues at Rs60. Two years ago, as part of capital restructuring, it reduced every 100 shares owned by an investor to 60. This means that investors actually...