Today, there were rumours of Britannia’s MD Varun Berry resigning.
The stock price started tanking and Britannia came out with a clarification denying the same.
What is amusing is that when the stock price didn’t recover, they issued the same clarification again to both the exchanges !
Google Guru proves that Niraj is right
Today, CNBC tweeted the following tweet
Exactly a month back on 17 May, 2019, CNBC had asked him the same Question to get a different answer
Latha Venkatesh: The market will want to know the capital plans.
Ravneet Gill: Yes
Latha Venkatesh: So can you give us a timeline? Are you sure you will be able to bring in the capital by July, August, September…what have you given yourself?
Ravneet Gill: Er, I….Latha, Hand on Heart, I think it will be a lot earlier than that.
Yesterday, Anil Ambani had a conference call where he briefed the media. There was no Q& A.
The full media release can be seen here
What I found most interesting was that nobody is willing to lend to an Ambani !
This media release lead to even more questions…..
And today, Investors got the shock of their life when they learnt the statutory auditors of Reliance Capital have resigned
Grab your popcorn folks, picture abhi baki hain !