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Worst in Class
Author: Raoji
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Billwin Industries: Only Lead Manager Wins
Source: Prospectus of Billwin Industries Ltd
Interesting to see a whopping 21% of the proceeds of the issue will go to the Lead Manager
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Linkfest: 04 September, 2020
Some stuff I am reading today morning:
US stocks plunge (CNBC)
Markets are facing a ‘Minsky Moment’ collapse (CNBC)
SC protects borrowers from coercive action by banks (FE)
Why this Diwali will lack all sparkle (Mint)
Indian CDMO’s – Charts (Tankrich)
Epistemic Humility (Anand Sridharan)
Save like a pessimist, invest like an optimist (Morgan Housel)
China to sell 20% of its US Treasury holdings (ZH)
Indian MFs turn to global funds for better deal (BS)
Buy only term insurance (Monika Halan)
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Everyone is a loser
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Lasa Supergenerics: Super Customer
Source: Annual Report 2019-20 of Lasa Supergenerics Ltd
Amusing to see the co giving an advance to a related party which is 4x the value of the contract !
