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Alas, Adani is too big to fail. The shares mostly came back up, and they raised an additional 700+ million dollars yesterday from institutional investors ... y
by sriram_malhar 4y ago
Alas, Adani is too big to fail.
The shares mostly came back up, and they raised an additional 700+ million dollars yesterday from institutional investors ... you know, the usual ones, who are also too big to fail
https://economictimes.indiatimes.com/markets/stocks/news/adani-ent-raises-rs-6000-crore-from-anchor-investors-ahead-of-fpo/articleshow/97321247.cms?from=mdr https://economictimes.indiatimes.com/markets/stocks/news/ada...
- samarthr1 4y agoWhy is that a bad thing though? Adani owns a lot of ports, airports, FMCG brands and more. Yes he pumped his stock (because he was raising money to reduce the debt load). Rocking the boat may not be the wisest thing to do, from the perspective of the welfare of the Indian populace.
- sriram_malhar 4y agoAll you have to do is see the long list of failures to see that the general population is the one to be always shafted .. see the subprime mortgage failure, enron scandal, credit crisis that brought down Lehman just in the near past. I'd agree with you if you had said "Rocking the boat may not be the wisest thing to do, from the perspective of the welfare of the banisters"
- sriram_malhar 4y agoSorry for the typos/unintentional autocorrects, but since I am not able to edit/delete it now ... I meant to say "banksters"