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December 01, 2008

"One day they would regret"

Extract from the minute book of Bank of Rajasthan's AGM proceedings (See Page 7 of 10).
5. What action we are taking against BNP Paribas and Avenue Capital as they have gone back on their commitment to subscribe to the preferential issue of shares?

We are taking all the steps to increase the profitability of the Bank, which would be reflected in the share price. We are not taking any direct action against these investors but one day they would themselves regret the decision not to invest in our Bank as per their commitment.

Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of information and networking services to the private equity and venture capital ecosystem in India. View free samples of Venture Intelligence newsletters and reports. Email the author at