Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 28/Sep/2007 at 1:33pm
Ha! Ha! Ha! Today is September the 28th not April the 1st!
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
When any foreign banking buys an Indian bank, he will look into the valuations of Chinese banks and compare with our desi banks, so one can expect a premium of 20-30% when the takeover really happens.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
Posted: 29/Sep/2007 at 1:31pm
There would be auction or swayambar call it the way you like but we have to be careful about buying dirty banks . My list of dirty bankcs start with Bank of Rajasthan.
We saw what happened to Nedungadi and Global Trust Bank.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
infact I am still holding shares of Nedungadi Bank......i guess it was takenover by some bank & were promised some shares of new owners.....is ne 1 else sailing in this boat ?????????
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yeh ho kya raha hai .... it wud have made huge sense if akruti was eyeing cement biz.... and this is on moneycontrol 
ha ha ha 
