Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Coverage on Everonn and Educomp dropped
The Income Tax (IT) Department conducted a raid on Everonn Education Ltd. on August 4,
2011. The company’s Managing Director, P Kishore was arrested in an alleged bribery
case to an IT official.
IT officials found that the firm had allegedly concealed taxable income of `116cr. To hide
the taxable income of the company, Mr. Kishore allegedly offered a bribe to one of the
officials of the IT Department.
The company’s corporate governance policies have been in question since long. Thus, we
discontinue our coverage on the stock. Also, we drop our coverage on Educomp Solutions,
owing to high liquidity requirements haunting the company’s business fundamentals
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Coverage on Everonn and Educomp dropped
The Income Tax (IT) Department conducted a raid on Everonn Education Ltd. on August 4,
2011. The company’s Managing Director, P Kishore was arrested in an alleged bribery
case to an IT official.
IT officials found that the firm had allegedly concealed taxable income of `116cr. To hide
the taxable income of the company, Mr. Kishore allegedly offered a bribe to one of the
officials of the IT Department.
The company’s corporate governance policies have been in question since long. Thus, we
discontinue our coverage on the stock. Also, we drop our coverage on Educomp Solutions,
owing to high liquidity requirements haunting the company’s business fundamentals
No comments:
Post a Comment