Shooting the Foot

India Infoline messes up investors’ complaints and hurts itself more in the process

MoneyLIFE had published an article (issue dated 23rd Nov 2006) on how investors suffered due to the negligence of India Infoline Limited (IIL) during the initial public offering (IPO) of IDFC in July 2005. The issue has just got murkier. IIL now claims that it has over-compensated investors. The issue was...

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