Source: Financial Times
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US Banks : Tumble Rumble
Source: Financial Times
Author: Raoji
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EMIL: Minority Headache
Electronics Mart India Ltd held a postal ballot seeking permission of shareholders to approve the variation in the objects of the IPO of the co.
Around 224 shareholders voted. 26 shareholders voted against the resolution.
Since # of shareholders who voted against the resolution were more than 10% of the total shareholders who voted, the company has to comulsorily make an exit offer to these dissenting shareholders.
The interesting thing is that the total no of shares held by these shareholders is only 2,483 shares…approx only 2L Rs !
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Linkfest: 05 May, 2023
Some stuff I am reading today morning:
ECB raises rates by 25 bps (BS)
Tata Play files India’s first confidential IPO (Fortune)
Challenges for Jio Financial (BT)
The mysterious Indian giant of oil shipping (Money Life)
Auto giants set their sights on India’s EV market (CNBC)
EV Ride Hailing startup Blu Smart now valued at $250 Million (MC)
ACKO & Lohum tieup for insurance of EV batteries (Saur Energy)
Startup: Skoodle (Forbes)
Second Axiom of investing (Anand Sridharan)
The Unified Content Business Model (Stratechery)
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Linkfest: 04 May, 2023
Some stuff I am reading today morning:
Fed hikes by 25 bps ( FED )
On US debt crisis (Stanley Druckenmiller)
Ajay Banga appointed next World Bank President ( MC )
ED raids Mannapuram Finance (Money Life)
Adani stocks under selling pressure (BT)
Minda Corp wants to increase stake in Pricol (FE)
On India’s rural economy (Forbes)
How bad will US Commercial Real Estate get? (Climateer)
Forget Crypto, Buy Gold (Daily Reckoning)
What happened when a company adopted AI (NPR)
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Amazon is # 3
