Some months ago FII’s put their money in mistann foods through share warrants. So how they fall in this scam??
No due diligence?
And the Crazy part is they also converted their warrants into shares
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Another addition to the thread. C2C Advanced system
https://nsearchives.nseindia.com/corporate/dhavals_10022025233040_C2CLimitedReviewReport.pdf
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Interesting to read reply filed by C2C today and would be of interest to track as this is released by NSE themselves.
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From my experience, sometimes these FIIs are promoter entities/stock operators/promoter-funded accounts. As minority investors, we must be careful about the giving any weight to FII presence, especially in small and micro caps.
Just sharing for the benefit for anyone who is new to this aspect.
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Thanks sir for your valuable insights👍
I filed complaint to an exchange is this regard, but the complaint was never even acknowledged by the exchange. Never saw any action. If somebody knows such preferential issue pricing is allowed, please let me know.
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Earlier works:
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SEBI order on much talked about stock Gensol
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Found this good read.
In SME investing, “treat communication as your audit trail”:
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The idea of spotting a fraudster is very important in Indian stock market. We have seen hundreds of stories , and we want to identify common traits among them.
- Stampede Capital
- Manpasand Beverages
- Kuality
- Cox and Kings
- PC Jewellers
- CG Power
- Gensol Engineering
- Spright Agro
- DHFL
- ICICI Bank
- RBL Bank
The most common traits about them I saw is:
- They talk very nicely with shayaris and awesome phrases.
- They never answer straight question with a straight answer and always beats about the bush.
- Most of the time financials are too good to be true.
I will keep updating my post with new list potential fraudsters of 2025. Let us know which are the stories which you anticipate to be frauds in 2025?
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Brightcom Group did it 2 years back .. and I think operators are back with some new packaging.
Why are people investing so much in Fortis Health and Max Healthcare. Aren’t they the same people from Ranbaxy scam ? In last 5 years both the stocks went through the roof.
Hi The ownership has changed now, they are no longer linked to original Family.
Fortis is completely divested from them, the major shareholder right now are IHH Healthcare Berhad and rest are FII’s and DII’s.
with regards to Max healthcare it’s main promoter right now is Abhay Soi and rest by FII and DII’s .
So currently there is no link between Ranbaxy and these two companies, hope this is enough info regarding this.
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It shows Abhay Soi is not from any large business family. But where did he get so much money to buy a 650 bed hospital. He may have grown two thousand crore business to a one lakh crore business but where did he get the two thousand crore from ? Thousand crore is not something that you can fund from a couple of years salary. Seth Klarman used to give him 1000 crore salary ?
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Hi,
It’s a good question, based on what i read he was a co-founder of a equity fund and was working from late 1990’s due to which he amy have earned millions(you can check with regards to Baupost Group).
He had initially purchased Radiant Life Care through debtfrom JP morgan. then he sold 49% of this company to KKR and bought Max Healthcare through this Money.
Due to his Private equity and working some high paying Jobs earlier and also Deal with JP morgan, and selling his stake to KKR(else they came together to purchase Max Healthcare not sure with regards which is correct but basis is he got funds due to KKR)
They are now planning for NSE mainboard and BSE listing.
Even ace investor like-Ashish Kacholia purchased a major stake in the company.
So haven’t they done a proper due dilligence or he just purachased stake to enjoy the liquidity push from maniboard listing?
Sir any views?