From bananas to bananas

This week witnessed two completely different sets of events. One was the demerger of UPL's specialty business. UPL is so big that this demerged arm is already India's largest specialty chemicals company. Can you believe that? They have their own rationale too. We did a detailed story which you can read here. And now, just as I am about to put pen to paper, ICICI Securities has decided to delist its shares from the stock exchange. Yes, the company was underperforming, but we did not expect such a drastic move from ICICI Bank. Maybe they think it's undervalued, but who are we to judge? The shares will be delisted soon. You can read about it here. We not only plugged our stories but also showed how markets can go from comple

This article was originally published on June 30, 2023.