Invest x in an NBFC – lever it 7x – lend 8x to your own entities. pledge against the 8x book -raise 4x. Default on all loans – . Lenders against pledge take possession of the useless book. Stage an intra-family drama and a blame game are feed for an OTT channel.x becomes 12x
— varadharajan (@varadhar1) December 19, 2018
Source: Being Practical
"Independent directors, some of us atleast, have been equated to doormen. Better than being doormats ofcourse."
M Damodaran on independent directors and the practice of appointing retired bureaucrats on boards ostensibly to "open doors in Delhi".
— menaka doshi (@menakadoshi) November 29, 2018
I am now 100% convinced that the most 3rd rate people in India are the independent directors of our companies. Enjoy the fruits of being on boards without doing anything and leaving at first instance if some work/responsibility is required of them.
— Samir Arora (@Iamsamirarora) November 20, 2018