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Why land is more dangerous than sea for Sheth brothers of GE Shipping

The Sheth brothers-Bharat Sheth and Ravi Sheth-are the promoters of GE Shipping.

Collectively, they own around 38 Lakh shares of Financial Technologies -around 8.24% of the company.

Today, Financial Tech crashed by an astounding 66%, a loss of Rs.356 per share due to rumours of a payment crisis at NSEL

This resulted in the Sheth brothers losing 135 Crores in a single day’s trading session.

Perhaps the oceans of the world are less stormy than India’s financial markets !

 

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