NEW DELHI: The finance minister Pranab Mukherjee’s Budget proposal to deepen markets by bringing promoters’ stake in listed companies below 75% may leave markets dealing with a flood of equity issuances. If the proposal comes through, listed companies could be expected to rai…
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Market expected too much: FM
Posted on: July 6th 2009 in Press Releases.
“I had at the start of my speech said ‘One budget speech won’t address all the problems [that the economy faces],” Mukherjee said. Commenting on the stock market’s negative reaction to the Union Budget, Finance Minister Pranab Mukherjee has said the market may have expected too…
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