Financial Management

CHAPTER 15

 

1. Alexander A. Robichek, ed., Financial Research and Management Decisions (New York: Wiley, 1967), p. 67.

2. The government offered the unit holders to pay INR 12 per unit up to 5,000 units and INR 10 beyond 5,000 units. The unit holders were given two options: 1. Encash their units or 2. Invest in government-guaranteed tax-free bond of five years with an interest rate of 6.75 per cent. Further in 1999, the government tried to bail out US 64. A special committee called the ‘Deepak Parekh Committee’ was set up which recommended restructuring exercise for US 64. The major recommendation was that US 64 should restructure 80 per cent of the investments into 50 top performing scrips. The restructuring was done under the Special Unit ...