SHCIL

Sucheta Dalal 10 Jan 2008
Following the e-stamping scam, State Bank may take over SHCIL   By Sucheta Dalal   It may have been the Maharashtra government’s persistent questioning and threat to cancel the e-stamping project that did it. Or, a dawning realisation that running Stock Holding...

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Sucheta Dalal 23 Sep 2007
The flurry of activity at the Stock Holding Corporation of India Limited (SHCIL) and its subsidiary SHCIL Services Limited (SSL) has interesting undertones that suggest that the investigation is on the verge of being wound up.   The key development is the indecent haste with which R.K.Bansal...

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Sucheta Dalal 07 Sep 2007
  Celebrating control The controversial Stock Holding Corporation of India Ltd (SHCIL) and its subsidiary SHCIL Services Limited (SSL) held their Annual General Meetings last week. SHCIL, which had lost control over its subsidiary SSL (its rogue CEO R.Jayaraman Iyer had clandestinely...

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Sucheta Dalal 07 Sep 2007
Breaking news   By Sucheta Dalal   After hanging on for nearly five months, S. Ramanathan, the controversial CEO of SHCIL Services Limited (SSL), finally quit the organisation this morning (Friday), just ahead of the company’s board meeting in the afternoon.   Dinesh...

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Sucheta Dalal 30 Aug 2007
Breaking news: Ramesh Razdan joins SHCIL?   By Sucheta Dalal   Mumbai, 30 August: One the eve of the Annual General meeting of SHCIL Services Ltd (SSL) and with days to go before the AGM of the parent Stock Holding Corporation of India Ltd. (SHCIL), the organisation has got itself a...

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Sucheta Dalal 15 Aug 2007
Serious frauds office investigates SHCIL   By Sucheta Dalal   15 August 2007: The clean-up action at the beleaguered Stock Holding Corporation of India (SHCIL) is proceeding on two fronts – the company itself is trying to move past the many dubious activities of the previous CEO...

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Sucheta Dalal 15 Aug 2007
SHCIL acquires control over Unitec of singapore   By Sucheta Dalal   15 August, 2007: Earlier this month, Stock Holding Corporation of India Ltd (SHCIL), won a major battle by acquiring control over Unitec Value Solutions from SHCIL Services Limited (SSL) by purchasing the shares at...

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Sucheta Dalal 15 Jul 2007
Senior employees hijack a publicly-owned institution in a daring heist as regulators and shareholders sleep!   Stock Holding Corporation of India (SHCIL) has always been viewed as a quasi-government company. Its shareholders are IDBI Bank, IFCI, SUUTI, the four government-owned insurance...

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Sucheta Dalal 15 Jul 2007
SHCIL tries to regain control of its subsidiary and CBI asks questions, but the market regulator continues to remain a silent spectator, says Sucheta Dalal   Having allowed its wholly-owned subsidiary SHCIL Services Ltd (SSL) to pass out of its hold to a bunch of private and foreign entities...

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Sucheta Dalal 15 Jul 2007
Sucheta Dalal on a brazen and audacious scam at Stockholding Corporation of India   As financial scams go, this would have been really big if it were not nipped quickly by direct intervention of the Prime Minister’s Office. There has hardly ever been a case of the top brass of a...

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Sucheta Dalal 15 Jul 2007
The new management moves the Company Law Board, alleging fraud In our previous issue, we pointed to a major scam at Stock Holding Corporation of India being perpetrated by the top management right under the nose of nominees of major financial institutions like IDBI, ICICI and, of course,...

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Sucheta Dalal 13 Jul 2007
E-stamping12 Feb, 2007Last week, the Stock Holding Corporation of India (SHCIL) began a pilot e-stamping project in Gujarat. SHCIL has bagged a five-year contract to electronically stamp (e-stamp) documents in the wake of the Telgi scam. Its website says the government has appointed SHCIL as a...

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