ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Self-Fulfilling Prophecy

Over the years he gave freely of Lis knowledge and experience to the Indian Institute -of. Management at Ahmeda- bad, the Administrative Staff College INVESTMENT Corporation of India's chairman complains that .shares of his Corporation do not attract investors, although "not only do our shares provide a steady return -which, on the basis of market prices, is substantially higher than what is available from other first class equity stocks, but they have a solid asset backing to justify their classification as virtual gilt edged securities". Over the 10-year period ended June 1970, says J D Chosku gross dividends increased from Rs 20 lakhs to Rs 44 lakhs, their percentage to total income from 70 to 75, 'other income' from Rs II lakhs to Rs 14 lakhs, total reserves plus appreciation from Rs 191 lakhs to Rs 273 lakhs, and value per Rs 100-share from Rs 212 to Rs 246.

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