B K Birla passed away today at the ripe old age of 98.
Om Shanti, Om Shanti, Om Shanti
What is interesting is the reaction of the markets to the two companies he was Chairman of – Century Textiles and Kesoram Industries
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Strange are the markets
2 replies on “Strange are the markets”
Surprising reaction of the market with the fact that the great doyen and patriarch was not involved in any management activity (leave alone day to day management) for the last more than 10 years and even the succession plan is also well put in place as to who gets what.
But after all, markets are markets, never predictable.
Sir, i believe as per his will or settlement, the companies goes to KMB post this event. This could be one of the reason.