The off balance sheet exposure of banks remains a concern for RBI. This can be in many forms like forward exchange contracts,guarantees,acceptances,endorsements etc. Such arrangements out side the balance sheet which do not work at reducing the risks of the bank should be brought to light in full detail along with balance sheet and when entered. This should be made applicable to all companies whether banking or otherwise. It is some balance sheet matter that is keeping in jeopardy the fortunes of shareholders in companies of the two warring Ambani brothers. If the agreements out side the balance sheet may play havoc with shareholders interest then the published information and transparency in book keeping is an exercise in falsehood. This matter should be paid an immediate attention to.
ETHL Communications Holdings Ltd has raised Rs 4280 crs through NCDs through private placement. These are zero coupon bonds and would be listed. I have to suggest that buying this on listing will not be bright idea because ESSAR Group has never been investor friendly and only keeps the promoter interests mind when resorting to mergers, delisting and reporting. It has had a bad record of keeping share transfer and related matters in a non-standard manner. Old habits die hard hence please be careful
Hari Om,
Krsna Khandelwal
BIRDINFO Stock Rx - A prescription for stock market




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