Yet, his claim had a surreal ring to it. Only a few moments ago, he had said with visible satisfaction, "I have been appointed the managing director." One would expect the scion of the promoter family to do the appointing, instead of being appointed.
But much has changed in the last few hours. At a time when family-run Indian companies are venturing beyond the country's boundaries to be acknowledged as global forces, Singh has done the opposite by selling every share held by his family in Ranbaxy