tag:blogger.com,1999:blog-31877031.post5272773056740156541..comments2023-06-07T06:06:00.713-07:00Comments on General Partners V Limited Partners: Corporate Governance...? Mr.Damodaran, you must be kidding...Krishhttp://www.blogger.com/profile/03845854083034849173noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-31877031.post-14313163197423501322007-11-30T00:41:00.000-08:002007-11-30T00:41:00.000-08:00Dnyanesh,Thanks for the link. Good article, nicel...Dnyanesh,<BR/><BR/>Thanks for the link. Good article, nicely written. Coming from someone like Anil Singhvi, I guess SEBI and all others should seriously take note.<BR/><BR/>This anomaly has been brooding my mind for quite some time now, precisely for the reasons Anil has listed out in that article. But now that there also is a relatable context, I thought of chronicling it by way of a blog post.<BR/><BR/>"Why not a rights issue and benefit minority investors" you ask. Besides the concession of time overlay, acquisition of more than 5% of a company in a year will trigger the takeover code, that means public offer, resultant stock price spike-up, higher cost of acquisition etc.<BR/><BR/>If there's an easy way out for promoters, why wouldn't they take it...?Krishhttps://www.blogger.com/profile/03845854083034849173noreply@blogger.comtag:blogger.com,1999:blog-31877031.post-9534090900388137172007-11-30T00:19:00.000-08:002007-11-30T00:19:00.000-08:00I think this excellent article by Anil Singhvi com...I think this excellent article by Anil Singhvi compliments the issue you have raised.<BR/>http://www.thehindubusinessline.com/2007/08/14/stories/2007081450120800.htm<BR/>Anil probably has realised that if you can't beat 'em, join 'em. His firm Notz Stucki has subscribed to warrants issued by Camlin recently.<BR/><BR/>Anil has also gone on record that his firm will provide mgmt inputs and will be a passive investor. The pray why not a rights issue and benefit minority investors? If time taken is the excuse, SEBI should act and make the Rights issue as straightforward like the Follow On Public Issue guidelines recently issued.DBhttps://www.blogger.com/profile/07362159816727764869noreply@blogger.com