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Author:Edwards, B.
Title:Into the snake pit
Journal:Euromoney
1994 : JUN, p. 174-178
Index terms:INDIA
FINANCE
TELECOMMUNICATION
Language:eng
Abstract:A rat, a snake-in-the-grass, political intrigue in the heat of Delhi, and millions of Indians still waiting for their telephones... When Kleinwort Benson and Salomon Brothers won the mandate to place 35 million global depositary receipts for Indian telecoms company VSNL, they had no idea they had walked into a jungle of conflicting interests. Nor did they imagine there were plans to sabotage the deal. But on May 3 the telecoms minister suddenly cancelled it. The article answers why.
SCIMA record nr: 114218
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