tag:blogger.com,1999:blog-3202774368551476669.post7833389918419579514..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: Indian stock marketsUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3202774368551476669.post-69214714852706788472008-09-01T17:20:00.000+05:302008-09-01T17:20:00.000+05:30Sandeep - I'm not endorsing these opinions at all....Sandeep - I'm not endorsing these opinions at all. I completely agree that it not the role of the regulator to ensure good valuations at all...<BR/><BR/>The primary reason I posted the article was coz of the statistics given therein.<BR/><BR/>Hope you're well otherwise. Do let me know if you're in Bangalore anytime!Gauri Manglikhttps://www.blogger.com/profile/11701670544334928754noreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-75392302725501355992008-08-28T13:34:00.000+05:302008-08-28T13:34:00.000+05:30Gauri, it is not the job of the regulator to remov...Gauri, it is not the job of the regulator to remove stupidity only to remove ignorance - ditto the merchant bankers. If people give sky high valuations to a utility where prices are fixed, and costs indeterminate, where the earliest cash flow is after 5 years and people bid way above the estimate of the merchant banks (estimated by the price band), I don't see what heinous crime the merchant bankers have committed. These vague allegations would be appropriate in 1988 against the controller of capital issues - we've moved on to disclosure and anti-fraud remember? It's not clear whether you are endorsing this opinion or not. If you are, I'm disappointed.<BR/>Sandeep ParekhSandeep Parekhhttps://www.blogger.com/profile/08840653819247769331noreply@blogger.com