Daiichi Sankyo's Ranbaxy Lab Ltd Buyback/out

Posted as Comment on indianexpress.com on 25.09.08
Daiichi Sankyo's buyback of Ranbaxy
It is regretted that the CCEA met under the leadership of the Prime Minister ManMohan Singh on 19.09.08,but didnot take up the issue of ranbaxy, where inflow of about Rs.20000 Crore in foreign exchange is involved. Likewise, the small investors are left at the mercy of the Governments inaction. The Country's image is at stake, as Government of India proclaims itself to be promoters of Foreign Investment ,in India. If TATA's are welcome to US and Vodaphone is wellcome to India ,why the delay in allowing/clearing the deal/buyback by CCEA of the Finance Ministry of Government of India. Once approved by CCEA , the deal shall have to be okayed by the Reserve Bank Of India .Let the Indian Government lead by example , viz a viz Prime Minister of India is presently pressing for India's investment case in USA , not only Nuclear deals but in other fields also. SEBI's image is at jeopardy , as it has allowed the buyback of Ranbaxy shares, without prior approval of CCEA /RBI.Admittedly on wrong calculations.(Shocking )
Resurrect Governments IMAGE.