After exit of Sumit Dabriwala, another high profile independent director Anil Baijal has resigned and the two directors have been replaced by virtually unknown persons. Is Kishor Biyani about to delist this company or sell it to another company?
Will the minority investors be shortchanged?
If there are corporate governance issue in one group company will it affect the valuation for rest of the group? If one cannot trust a person with one's money in one company, surely the person is not worth the trust in any other case.
I am still betting that Kishore Biyani will not be stupid and short sighted enough to be penny wise and pound foolish. Results are around the corner and June 4 2013 is not too far off either. let's see.