Investor-Unfriendly Exchanges

There is precious little you can do when stock exchanges go mum about serious investor issues

English India Clays’ post-demerger listing is possibly the most outrageous case of callous disregard for investors that one has seen in a long time. Consider this. Until 12 February 2008, the stock of this Thapar group company was trading at over Rs1,690. The next day, the demerger of its...

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