Vijay Mallya Should Have Saved Kingfisher a la Sir Dorabji Tata
( Once during the Great recession of 1920 s Sir Dorabji Tata pledged family jewelery to pay on time salaries etc ) of Tata Steel ( then known as Tata Iron And Steel Company Limited ).
It got to a point when there was not enough money to pay his workers’ wages. Sir Dorab pledged his entire personal fortune worth, about Rs1 crore and including his wife’s personal jewellery, to obtain a loan. Tata Iron and Steel secured support from unexpected quarters — among those backing the company were Jawaharlal Nehru and Mohammed Ali Jinnah, the future leaders of independent India and Pakistan — and it survived the crisis.
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Caution :The blog writer has personal/ family members' holdings in Kingfisher Aitlines, so please make suitable "provisions " for likely over optimism
( NB : All information given in good faith. Please recheck all facts before taking any investment decision.
. No responsibility taken by this author / blog . )