Regards

Kamal Jindal

I also attended that session. It was a nice ploy to advertise and solicit good, wealthy and resourceful customers for all their investments products and services. May be it is one of their indirect or surrogate advertising initiatives wherein the top brass from the local office of ICICI come in to say something powered by a Power Point Presentation and address a target audience of fairly well endowed people in one stroke under the garb of holding a seminar of this sort and even sponsoring such an event, leave alone funding it fully and creating a joint host image for themselves.

But one good thing about the whole event was that the Dinner was excellent !

This only time and again proves the fact that hype alone does not work always and produce magic in a continuous manner, and Gimmicks will not contribute substantially in the long run and provide fuel in a sustained fashion. I hope Jr. Ambani has learnt a lesson. But I think he has not, as he contemplating of resorting to pull off another magical wand from his sleeves and he is trying to cover up his badly bruised image. And may be he is attempting to regain the lost ground by adopting another jugglery tactics so as to ensure better subscription for his proposed Reliance Infratel Issue which is also in the pipeline with a huge huge premium that is unbelievable and mind boggling. In any case, I would like to only state that tricks do not work at all times whereas good, well thought out and genuinely investor friendly strategies do, as done by his Great Father in the bygone era.

As we all know, these promoters have a lot to gain and also lose by virtue of the share price movements of their companies because a large component of their wealth is tied to their shareholdings. Hence it is natural on their part to “manage” the share prices. But as conscious shareholders, we have a role to play which is to remind them that they either be active investors meaning remove themselves from the operations of the company or active management which means that they mind the company’s business and leave their wealth management to professionals.

It is doubtful whether a bonus can be issued, as it is normally done out of profits
carried over back into reserves. There is also a news that other means of “compensating”
are looked into???
As rightly pointed out by you, if the promoters keep doing their business, and not spending their energies on tracking their own co’s share prices, things will be better for everybody.
geethas

that’s really a wonderful way of saying it.