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Tuesday, December 23, 2008 9:36 PM

Forged SEBI letter, novel fraud

This must set a new record for innovation in securities fraud. See the SEBI press release which is self explanatory: " PR No.327/2008 Clarification on news reports relating to Pyramid Saimira Theatre Ltd. It has been widely reported in the media...
Posted by Sandeep Parekh | with no comments
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Saturday, November 08, 2008 11:30 PM

US India Business Council conference call

Day before evening I had a conference call with members of the US-India Business Council organized by their financial services executive committee. I spoke about the following issues which are summarized below: Overview of Financial Climate in India:...
Posted by Sandeep Parekh | with no comments
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Tuesday, November 04, 2008 12:10 AM

The new amendments to the takeover regulations - misguided or sloppy? Yes.

SEBI has once again played around with the numbers in the takeover regulations. In light of the recent downward movement of prices, it seems that SEBI is attempting to make it easier for promoters to acquire shares from the market without making an open...
Posted by Sandeep Parekh | with no comments
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Monday, November 03, 2008 11:07 AM

Buy back of securities by companies resulting in compulsory takeover offer - new SEBI amendment to hurt ordinary shareholders

My friend Jayant Thakur has recently blogged here and here about buy backs and its impact on the takeover regulations. I fully disagree with his views. Here is the issue in brief. When a company does a buy back of its equity shares, its promoters may...
Posted by Sandeep Parekh | 4 comment(s)
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