Mudar Patherya runs the Communications firm Trisys which is well known for helping companies with the Annual Reports.
He also writes on the stock markets for Business Standard.
Today he wrote a piece on Rajratan Global Wires.
What was missing in the piece was an important disclosure… that Rajratan is a client for his company as can be seen from their latest annual report
Source: Exchange Filings of Kwality Ltd
Somehow am reminded of this Shakespeare quote:
It’s a tale
Told by an idiot, full of sound and fury,
Signifying nothing.
Source: DRHP Filings of HDFC AMC
This sorry saga relates to Bharti Telecom, the unlisted holding company of the Bharti Group.
In Jan, 2018, the following valuation report was submitted which valued the shares of Bharti Telecom @ Rs.310 per share.
In Feb, 2018, Singtel invests in Bharti Telecom @ 310 Rs/share investing a whopping Rs.2,649 Crores.
Fast forward to June 2018,the good folks at Bharti Telecom now want to extinguish the shares held by minority shareholders @ 163.25 Rs/share !!
