The FM has proposed to increased minimum public shareholding to 35 percent from 25 percent. A cursory glance at the largest 3000 listed companies in India reveals a supply of ~$51bn if this is implemented. The 20 companies it affects most listed below: pic.twitter.com/9Xkolt8yHC
— Invest-inChat (@invest_inChat) July 5, 2019
Hat Tip : JD
Source: Economic Survey 2018-19 of India
Reminds me of these lines by Shakespeare
“The devil can cite Scripture for his purpose.
An evil soul producing holy witness
Is like a villain with a smiling cheek,
A goodly apple rotten at the heart.
O, what a goodly outside falsehood hath!”
― William Shakespeare, The Merchant of Venice
Some stuff I am reading today morning:
A blueprint for a $5 Trillion Economy (BL)
Nirmala Sitharaman wants to you to buy a house (ET)
NCLAT order in Essar Steel case (Mint)
Govt orders probe against Jet Airways for fraud (Rediff)
Rail stocks gather steam (BS)
On Realty Stocks (Forbes)
Personal Finance lessons from a Jet Airways Employee (Basu Nivesh)
PIL on LIC Jeevan Saral (Money Life)
Value isn’t dead, it’s misunderstood (Value Plays)
Evernote blows up (NY Times)
