GauravBlog Logo

A Lion’s eye on the Bulls and Bears

“In India, companies may fall sick, but promoters rarely do!”

Gaurav's Blog

Categories

January 14, 2009

Slumdog Millionaire, MHADA and Me !

Instead of greeting me this morning with “Happy Makar Sankrant, Darling”, my wife got me thinking and argueing with her Greeting ” You’re a Slumdog ! Now, when will you become a Millionaire ! ?”

India Infoline must have been inspired by Women when it tagged it’s line “It’s all about Money, Honey !”

I cite to my Wife what happens to Millionaires by reminding her about the Satyam Promoter Millionaire.. actually billlionaire…. and now disgraced and in the snare, Ramalinga Raju….. and the possibility that he must have been inspired and pushed by his wife to do what he did !

This was really impulsively foolish of me….. “What are you implying !?” was her fierce and threatening response……. I’ve now got to fend for myself and eat out tonight ! 

She’s told me to get up at 3 am tomorrow morning and stand in the Line at the HDFC Bank Branch to get the Form to apply for the Lottery Allotments of Flats in MHADA Schemes in Mumbai at cheaper than market prices !

Serves you right, Gaurav, for arguing with your Wife !… you would have won against Aristotle, Plato and Socrates ! 

Danny Boyle ! could you not have titled your Hit Film anything else but “Slumdog Millionaire” ! 

Happy Makar Sankrant to all……Go Fly ‘Patangs’!

Happy Makar Sankrant to all of You…It’s  a day to Fly Kites or ‘Patangs’…… I’m Crazy about Flying them !…My wife says I’m crazy…period !

I used to bunk school and reach the terrace by 6 am to begin flying kites and return only by late evening….It was an addiction….A personal record of cutting 14 kites with a single Kite continues to be a source of great pride…though every year the figure of cut kites does tend to vary !…Loyal Mothers of us kids kept sending up Popcorn and other Food and Drinks right through the Day…..These days Wives are not so loyal ! 

Gujjus know Sankrant as ‘Uttran’…….Shouting yourself Hoarse,yelling “Lapate !” or “Kite Bochhe !” when you cut off a Kite or “Dheel De !” to your ‘Firki’ Holder,when you get entangled in a Kite Fight High in the Sky just simply gets you on the same High too ! …notwithstanding getting sunburnt and cutting your fingers !..I used to tape my Fingers and replace the tape when the ‘Manja’ cut through it !…..Used to often attach long paper tails to kites with cooked rice being the adhesive !

Am so passionate about Kites that i get Wild when the Person hoding my ‘Firki’ is a novice or is busy chatting away with others while I’m engrossed in flying…My Wife simply refuses to hold my ‘Firki’ now !

Just Flew a kite with a Ten foot long Tail at Marina Beach in Chennai in December when I visited the city…..years ago regaled a whole School Class of 40 children on what Makar Sankrant stands for and about Types of Kites and their  Flying in various countries,before we flew kites at Cross Maidan in Mumbai…

The hallmarks of an expert Kite Flyer are many….ability to fly the Kite without wind assitance….tying the right ‘Kanni’…1-0 normally and 0-0 when high winds exist….steering the kites…selection of ‘manja’ and kites….strategy when in a ‘Pache’  

I use to Bunk College too and later even office to go fly kites…sadly these day ‘Kite Flying’ has more figurative undertones than literal

There is a fantastic debut bestseller titled ‘Kite Runner’ by Khaled Hosseini….it brings to life the fact that childhood choices affect our adult lives and is a splendid and moving tale of two inseperable Boys,one affluent and the other not so,growing up together,flying and selling kites in Afghanistan.Later the affluent Amir,hit by guilt pangs,returns to his Homeland from USA to save the enslaved son of his less affluent Friend, Hassan who has been killed by the Taliban….There is also a Great Book by Edwin Lefevre,first published in 1923 called ” Reminiscences of a Stock Market Operator “…..Mine may well be titled ” Reminiscences of a  Kite Flier ”   read more

Hey! Is Times of India Reading My Blogs ? Headlines Today: Did Raju tip off big lenders?…Blogs on Thurs,Jan 8 and Fri, Jan 9,2009 raises this Issue

Hey ! Times of India’s Mumbai Edition has this Headline Today

Did Raju tip off big lenders ? 

Thanks TOI….you reach out to Millions…..I raised this Issue too on my blog on Thursday,January 8,2009…Check it out Below

https://www.gauravblog.com/?p=426

 

NOW TWO MORE SERIOUS QUESTIONS EMERGE IN THIS SORDID SATYAM SAGA UNFOLDING!

Now Two More Serious questions need to be answered in this continuing Satyam Saga !

QUESTION NO 1

DID RAMALINGA RAJU INTIMATE LENDERS TO SELL HIS PLEDGED SHARES BEFORE RELEASING HIS CONFESSION LETTER TO REALISE A BETTER PRICE TO CLEAR MORE OF THE LOAN ? 

OUESTION NO 2

NOW WE KNOW WHY THE MAYTAS PROPOSAL WAS STRUCTURED THE WAY IT WAS ! QUESTION IS WHICH ‘BIG FOUR FIRM ‘ CONNIVED WITH SATYAM TO BRING UP THE VALUE OF THE MAYTAS DEAL TO US $ 1.6 BILLION ! TO MATCH THE SATYAM ASSET HOLE ?

Also raised the worry on my blog on Friday,January 9,2009 that Larsen’s Fatal Investment in Satyam from December 23,2008 to January 6,2009 could be their lifting the same Promoter pledged shares sold by lenders

Check it out on

https://www.gauravblog.com/?p=431

 

Larsen Jumps the Gun in Buying 4% into Satyam and sees Big Erosion of over 85% and over Rs 300 Crs inside just Two Days !…they must file an FIR against Satyam and it’s Chairman,Ramalinga Raju

Larsen was probably ill advised to buy a 4% Stake in Satyam at undisclosed price…Definitely over Rs 100 asY.M. Deosthalee told Dow Jones Newswires by telephone that the company acquired the stake over ten days ending Tuesday through its L&T Capital arm.

Larsen now holds close to 2.70 crore shares in Satyam at Investment cost of over probably  between Rs 350 crs to Rs 450 crs….On Wednesday,January 7,Satyam opened at Rs 175 but closed at Rs 40 after Ramalinga Raju’s Confession of a massive Fraud…Today Satyam has sunk even lower to Rs 20…Larsen’s holding in Satyam is worth just Rs 54 Crores inside days…It has lost over 85 % and @ over Rs 300 crs notionally inside two days !…it will have to mark the investment to market

There is also the grave posssibility that L & T Capital may have picked up the same 4 % of Equity sold by the Lenders to Ramalinga Raju on his pledged shares…If this is so,then Ramalinga Raju may have awaited this sale at High Prices before releasing his Confession Letter on January 7,2009

Larsen must not let Satyam and Ramalinga Raju get away with this ! 

The Share Price of Larsen has also eroded by 15% to below Rs 700 in quick time

Scroll to Top