Economic Times has quoted me in their Mumbai Print edition today on Page 11 on one of my fears on Insider Trading and the coinicidence of the parent L & T announcing the Offer For Sale in L & T Finance Shares on the same day as the Scrip began trading in the F & O Segment on BSE and NSE
The weblink to their coverage is => Swing in L & T Fin’s Share Price ahead of OFS under Lens
So Yes,Hemant and Sumit,the market traders and brokers and mainstream pink paper media and even the regulator SEBI is quite aware of the Corporate Governance Issues that L & T has stirred up with this OFS and which I had highlighted through Five Questions posed in my recent blog on the same to which you’ll had responded as linked below
Friday, March 14th, 2014
The Issue is will SEBI do something about it…at least investigate it !?
And probably just a coincidence that the Chairman of parent Larsen & Toubro,Mr A M Naik and his CEO Mr Venkataramanan sold L & T Shares worth Rs 28.30 crs and Rs 1.26 crs from March 10 to March 18,2014 !