do you think anil ambani must have used the IPO money to buy shares in this market crash?
Nicole asks:
just imagine market falls 2500 points i.e 50% fall in share prices and then govt comes in action and increases the share prices and brings them to say 35% normal in this case anil ambani earns 25% in just 7 days
just imagine market falls 2500 points i.e 50% fall in share prices and then govt comes in action and increases the share prices and brings them to say 35% normal in this case anil ambani earns 25% in just 7 days
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makes no sense to me.
Not Possible. The uses of funds are strictly governed by regulation including SEBI and the Board for Company affairs.
In fact funds raised through an escrow account cannot be touched in this interim period. The funds can only strictly be used for the purposes stated with in the Red Herring Prospectus available on http://www.sebi.gov.in
Besides the gentleman is the Richest man in India, he has his own.
On a serious note the Ambanis have a more Philosophical approach to Business; The reason for their success.
Where in the NAME OF GOD do you think that this is possible. Why would Anil Ambani do such a cheap thing. Again, i know it could be the money factor, but i dont think he needs to do it.
Hey by the way, did you know that Reliance Power go around three times more money from the market than they were actually expecting.
But i must really admit that these IPO’s were a major reason for such a bad crash in the market, i swear
GOD FORBID THAT