Re:Google to Invest $10B in India
by sbmthakur on Monday July 13, 2020 @07:51AM
(#23819738)
> Additionally, Reliance is highly respected in India. When the current CEOs father ran the company, millions of middle-class families in India bought houses, cars, got their children married, gathered retirement funds, etc riding on the sheer growth of Reliance as a company.
Reliance is one of the companies that actually care about retail investors, at times even going to extreme measures to help them. For instance, in 1982 they took on the notorious bear cartel and even beat them:
The bear cartel was successful in bringing the share price down but Dhirubhai was smart. He realized that if this bear cartel was allowed to go on, they would have taken the share price down to wherever they wanted, and you know who would have lost? Ambani wouldn’t have lost, it’s the small investor that would have lost money and they would have lost faith in Reliance. So he said, you can’t hammer my shares
Reliance is one of the companies that actually care about retail investors, at times even going to extreme measures to help them. For instance, in 1982 they took on the notorious bear cartel and even beat them:
The bear cartel was successful in bringing the share price down but Dhirubhai was smart. He realized that if this bear cartel was allowed to go on, they would have taken the share price down to wherever they wanted, and you know who would have lost? Ambani wouldn’t have lost, it’s the small investor that would have lost money and they would have lost faith in Reliance. So he said, you can’t hammer my shares
Full story/podcast here:
https://www.capitalmind.in/2020/01/podcast-surviving-a-bear-...