If you are all things to all comers, you end up being a big nothing to almost everybody. The Infrastructure Leasing & Financial Services (IL&FS) affair tell us the distance between the two can be short: going from being a triple-A rated entity to default grade in a matter of weeks.
Now that the mess is coming out in public view, inspiration comes in the form of the cop in the movie Casablanca who says: “Round up the usual suspects”.
This includes shareholders who took a cat-nap at the wheel and have been woken up to infuse Rs 45 billion