ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Sloth in Key Areas

had been for long accumulating a big line in NRC shares ("Dog Bites Dog", April 4, p 584). Since they stood to benefit from the likely rise in share prices if a bonus issue had been announced, the Chinais had been using every means to scotch such rumours. The objective obviously was to depress the share price so that ultimately Ka- padias would be forced to loosen their grip on NRC. In this the ban of for- ward trading in shares came as a windfall to the Chinais. In the climate created by the ban and bank nationalisation, NRC shares hurtled from a 'high' of Rs 591 to Rs 398 in the course of a mere month and a half.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top