In your interest.
Online Personal Finance Magazine
No beating about the bush.
Some action at last on the goof-up with the re-listing of English Indian Clays, but questions remain
Last fortnight, I wrote about the steep drop in the share price of
English Indian Clays Limited (EICL) after an internal de-merger and re-listing which had left its investors shocked and floundering for information and clarity (see MoneyLIFE, 13 March 2008). The developments merit another...
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...
UTI Mutual Fund terminates Senior Citizens’ Unit Plan
For 25 years, the erstwhile Unit Trust of India (UTI) was synonymous with security of investment. But, since 1998,
there seems to be no end to bad news for those who invested in its many fanciful schemes. On 18 February 2008, UTI Mutual Fund (UTIMF), which inherited the Senior Citizens’ Unit Plan (SCUP), will unilaterally terminate the...