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    Amazon, Reliance and Future (of) Retailing

    It now appears that there may be a cloud over Kishore Biyani’s distress sale of Future Retail to Reliance Retail. Amazon has an extremely strong case on 2 fronts - they have a right of first refusal which Biyani didn’t honor, plus they have an explicit black-listing of any transaction with...
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    Poetic Justice - Catamaran loses money on SKS Microfinance!

    It is public knowledge that Catamaran Investments, the Venture Capital arm of N R Narayanamurthy invested Rs 28 crores in SKS Microfinance, just a couple of months before its IPO. What many people dont realize is that Catamaran invested in the IPO at just Rs 300/share - while the IPO price...